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Disclaimer
Terms of Use
Revised December 2005

Acceptance of Terms
Welcome to the VimpelCom.com web site. Open Joint Stock Company "Vimpel-Communications," together with its subsidiaries and affiliates (collectively, "VimpelCom"), makes information available to you on this web site subject to the following terms. PLEASE READ THEM CAREFULLY. By accessing, browsing or using this web site, you agree to be bound by the terms described herein and all documents, policies and guidelines incorporated by reference. If you do not agree to these terms, you may not use this web site.

Privacy
VimpelCom believes strongly in protecting user privacy and providing you notice of VimpelCom's collection and use of data, including personally identifying information, collected for this web site. Please review our Privacy Policy, which also governs your visit to this web site, to learn about our practices.

Use of this Web Site
VimpelCom grants you a limited license to access and make personal and noncommercial use of this web site. You may not download (other than page caching) or modify it, or any portion of it, except with the express written consent of VimpelCom. This web site or any portion of this web site may not be reproduced, duplicated, copied, sold, resold, visited or otherwise exploited for any commercial purpose without the express written consent of VimpelCom. You may not frame or utilize framing techniques to enclose any trademark, logo or other proprietary information (including images, text, page layout or form) of VimpelCom without our express written consent. You may not use any meta tags or any other "hidden text" utilizing VimpelCom's name or trademarks without the express written consent of VimpelCom. Any unauthorized use of this web site terminates the permission or license granted to you by VimpelCom.

To the extent VimpelCom has the right to do so without compensation to third parties, and except for materials or information specifically provided under other terms, VimpelCom grants you permission to display and electronically copy, download and print hard copy information and materials (including related graphics) contained on the web site, provided:
  1. The materials are for internal, noncommercial use only; and
  2. You do not modify or delete any copyright, trademark or other proprietary notice.
Documents posted by VimpelCom on this web site may contain other proprietary notices or describe other products, services, processes or technologies owned by VimpelCom or third parties. Nothing contained herein shall be construed by implication, estoppels or otherwise as granting to the user a license under any copyright, trademark, patent or other intellectual property right of VimpelCom or any third party.

Copyright
All content on this web site, such as text, graphics, logos, button icons, images and audio clips, is the property of VimpelCom or its content suppliers. Unless specifically permitted, no portion of this web site may be distributed or reproduced by any means, in any form, without VimpelCom's express written consent.

Copyright Notice
© 2002-2005 Open Joint Stock Company "Vimpel-Communications," 10, 8 Marta Street, Moscow, Russia 127083. All rights reserved.

Trademarks
VimpelCom's product and service names, including, but not limited to, the Beeline, BeeOffice, BeePay, BeeInfo, BeeOnLine, K-Mobile and EXCESS, design marks and slogans are registered and unregistered trademarks and service marks and may not be copied, imitated or used, in whole or in part, without the express written consent of VimpelCom. VimpelCom's trademarks may be used publicly only with the express written consent of VimpelCom and may not be used in connection with any product or service that is not VimpelCom's, in any matter that may cause confusion among customers, or in any manner that disparages or discredits VimpelCom. Fair use of VimpelCom's trademarks in advertising and promotion of VimpelCom and its products and services requires proper acknowledgement by VimpelCom.

Disclaimer
VIMPELCOM MAKES NO WARRANTIES OR REPRESENTATIONS ABOUT THE ACCURACY OR COMPLETENESS OF THIS WEB SITE'S CONTENT. THIS WEB SITE AND THE MATERIALS, INFORMATION AND SERVICES IN THIS WEB SITE, INCLUDING, WITHOUT LIMITATION, TEXT, GRAPHICS AND LINKS, ARE PROVIDED "AS IS" AND WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, VIMPELCOM DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, FREEDOM FROM COMPUTER VIRUS AND WARRANTIES ARISING FROM COURSE OF DEALING OR COURSE OF PERFORMANCE. VIMPELCOM DOES NOT REPRESENT OR WARRANT THAT THE FUNCTIONS CONTAINED IN THE WEB SITE WILL BE UNINTERRUPTED, ERROR-FREE OR FREE FROM UNAUTHORIZED ACCESS (INCLUDING THIRD-PARTY HACKERS OR DENIAL OF SERVICE ATTACKS), THAT DEFECTS WILL BE CORRECTED OR THAT THIS WEB SITE OR THE SERVER(S) THAT MAKE THE WEB SITE AVAILABLE ARE FREE OF INFECTION OR VIRUSES, WORMS, TROJAN HORSES OR OTHER CODE THAT MANIFESTS CONTAMINATING OR DESTRUCTIVE PROPERTIES. VIMPELCOM DOES NOT MAKE ANY WARRANTIES OR REPRESENTATIONS REGARDING THE USE OF THE MATERIALS IN THIS WEB SITE IN TERMS OF THEIR COMPLETENESS, CORRECTNESS, ACCURACY, ADEQUACY, USEFULNESS, TIMELINESS, RELIABILITY OR OTHERWISE. IN ADDITION TO THE ABOVE, YOU (AND NOT VIMPELCOM) ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION.
IN CERTAIN JURISDICTIONS AND STATES, THE LAW MAY NOT PERMIT THE DISCLAIMER OF WARRANTIES, SO THE ABOVE DISCLAIMER MAY NOT APPLY TO YOU.

Limitation of Liability
IN NO EVENT SHALL VIMPELCOM BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, INCIDENTAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER, EVEN IF VIMPELCOM HAS BEEN PREVIOUSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN AN ACTION UNDER CONTRACT, NEGLIGENCE, OR ANY OTHER THEORY, ARISING OUT OF OR IN CONNECTION WITH THE USE, INABILITY TO USE, OR PERFORMANCE OF THE INFORMATION, SERVICES, PRODUCTS, AND MATERIALS AVAILABLE FROM THIS WEB SITE. THESE LIMITATIONS SHALL APPLY NOTWITHSTANDING ANY FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY. BECAUSE SOME JURISDICTIONS AND STATES DO NOT ALLOW LIMITATIONS ON HOW LONG AN IMPLIED WARRANTY LASTS, OR THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.

Indemnification
You agree to indemnify, defend and hold harmless VimpelCom, its officers, directors, employees, agents, licensors, suppliers and any third party information providers to the web site from and against all losses, expenses, damages and costs, including reasonable attorneys' fees and court costs, resulting from any violation of these terms of use (including, but not limited to, negligent or wrongful conduct) by you. VimpelCom reserves the right, at its own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will cooperate with VimpelCom in asserting any available defenses.

Linking
Linking to this Web Site
You are granted a limited, nonexclusive right to create a hypertext link to the homepage of this web site, provided such link does not portray VimpelCom or any of its products and services in a false, misleading, derogatory or otherwise defamatory manner. You may not use a VimpelCom logo or other proprietary graphic or trademark of VimpelCom to link to the web site without our express written consent. This limited right may be revoked at any time.

Third-Party Links
This web site may provide access to other Internet sites. VimpelCom does not control these web sites and you access them solely at your own risk. VimpelCom is providing these links to you only as a convenience, and the inclusion of any link does not imply affiliation, endorsement or adoption by VimpelCom of the web site or any information contained therein. When leaving the VimpelCom web site, you should be aware that VimpelCom's terms and policies no longer govern and, therefore, visitors to any third party web sites are urged and expected to abide by the terms of use and privacy policies of that particular third party web site. Check the Uniform Resource Locator (URL) address provided in your browser to determine if you are still in VimpelCom's web site or have moved to another web site.

Financial Material Disclosure
Forward-Looking Statements
This web site contains "forward-looking statements" as this phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts and can often be identified by the use of terms like "estimates," "projects," "anticipates," "expects," "intends," "believes," "will," "may," "should" or the negative of these terms. All forward-looking statements, including discussions of strategy, plans, objectives, goals and future events or performance, involve risks and uncertainties. Forward-looking statements include, but are not limited to statements made as to our future operations, costs, capital expenditures and cash flow; our expansion plans and projections; our ability to successfully challenge suits, including lawsuits and tax disputes; future plans regarding our subscriber base, new products and services and tariff structures; risks associated with the telecommunications industry and operating in Russia and the Confederation of Independent States; and other statements regarding matters that are not historical facts. These forward looking statements are based on our current expectations. Known and unknown internal and external risks and uncertainties may cause the actual results to be materially different from those expressed or implied by the forward-looking statements. The information contained in the most recent Form 20-F filed by VimpelCom with the Securities and Exchange Commission, including information contained under the sections captioned "Operating and Financial Review and Prospects" and "Risk Factors," as well as in other VimpelCom filings and submissions with the Securities and Exchange Commission, identifies important factors that could cause actual results to differ from those contemplated by forward-looking statements. VimpelCom undertakes no obligation to update forward-looking statements to reflect events or circumstances that occur after the date the statements were made.

VimpelCom Securities
We are not providing investment advice through this web site, and the material on the web site should not be regarded as an offer to sell, or a solicitation of an offer to buy, any securities of VimpelCom. If you decide to use any material available on the web site in assessing whether to buy or sell securities of VimpelCom, please be aware that the material on the web site reflects past performance and historical information only and that such performance and information is not necessarily an indication of future performance.

Press Releases and Presentations
The information contained within VimpelCom's press releases and presentations should not be deemed accurate or current except as of the date of each press release and presentation. VimpelCom has no intention of updating, and specifically disclaims any duty to update, the information in its press releases and presentations. To the extent any information therein is forward-looking, it is intended to fit within the safe harbor for forward-looking statements, and is subject to material risk.

Jurisdiction
VimpelCom controls and operates this web site from the company's headquarters in Moscow, Russia. We in no way warrant or imply that the materials on the web site are appropriate for use outside of the Russian Federation. If you use the web site from a location outside of the Russian Federation, you are solely responsible for compliance with any applicable local laws.

Modification or Termination of Web Site and Terms of Use
By providing material on this web site, VimpelCom does not promise that the materials will remain available to you. VimpelCom is entitled to terminate all or any portion of this web site at any time and without notice to you. VimpelCom also reserves the right to change the terms, conditions, and notices under which this web site is offered, and your use of the web site following any such changes shall be deemed to constitute your consent to such modified terms of use. You agree to regularly review these terms of use to verify whether they have been changed.

Miscellaneous
Severability
If any provision of these terms of use is unlawful, void or for any reason unenforceable, then that provision shall be deemed severable from these terms and shall not affect the validity and enforceability of any remaining provisions.

Enforceability and Admissibility
This electronic document and any other electronic documents, policies, and guidelines incorporated herein will be: (a) deemed for all purposes to be a "writing" or "in writing," and to comply with all statutory, contractual, and other legal requirements for a writing; (b) legally enforceable as a signed writing as against the parties subject to the electronic documents; and (c) deemed an "original" when printed from electronic records established and maintained in the ordinary course of business. Electronic documents introduced as evidence in any judicial, arbitration, mediation, or administrative proceeding will, if established and maintained in the ordinary course of business, be admissible to the same extent as business records in written form that are similarly established and maintained.

Other
VimpelCom's failure to insist upon or enforce strict performance of any provision of this agreement shall not be construed as a waiver of any provision or right. Neither the course of conduct between the parties nor trade practice shall act to modify any provision of these terms. VimpelCom may assign its rights and duties under this agreement to any party at any time without notice to you.

Privacy Policy
Revised December 2005

Open Joint Stock Company "Vimpel-Communications," together with its affiliates and subsidiaries ("VimpelCom"), has adopted the following privacy policy to address the privacy concerns of the visitors to its web site. As a general policy, no personal information is automatically collected from visitors to this web site. However, certain non-personal information of visitors relating to web traffic is recorded by the standard operation of VimpelCom's Internet servers. This information is primarily used to provide an enhanced online experience for the visitor. Information tracked includes the pages most frequently requested, the number of requests per page, the type of browser being used by the visitor, the type of operating system in use by the visitor and the domain name of the visitor's Internet service provider. By having this information, web pages optimized for a particular visitor's computer are automatically made available to that visitor. Other use of this information may include internal review of the number of visitors to this web site, but only in an aggregate and non-personally-identifiable form.

Visitors to this web site may be asked to voluntarily supply certain personally identifying information such as e-mail addresses, postal addresses and phone numbers. Such personally identifiable data about visitors to this web site are known to VimpelCom only when voluntarily submitted by the users. VimpelCom will only use personally identifiable data provided at this web site for the purposes described at the time it is collected (for example, the e-mail addresses visitors provide in order to receive e-mail alerts will only be used for the purpose of sending these e-mail alerts). Users may opt-out of any opt-in alerts to which they have subscribed by selecting the opt-out option, which will be included in each e-mail alert.

VimpelCom may share your personal information with third party business partners only to provide you with the services or additional information about VimpelCom that you have requested (e.g. sending targeted e-mails, fulfilling information requests and conducting surveys on behalf of VimpelCom). Any third party web sites linked to from this web site may have different privacy policies and practices. You should carefully review these other web sites' privacy policies in order to determine how each web site may use any personal information you provide. If you have any questions or concerns about this privacy policy, please e-mail Investor_Relations@VimpelCom.com.


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