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24 Feb 2015

VimpelCom appoints Morten Karlsen Sørby as new Director

Amsterdam (February 24, 2015) - VimpelCom Ltd. (“VimpelCom”, “Company” or “Group”) (NASDAQ: VIP) announced today that its Supervisory Board has approved the appointment of Morten Karlsen Sørby as a member of the Company’s Supervisory Board as the replacement of Jon Fredrik Baksaas. Mr. Baksaas previously appointed Kjell Morten Johnsen to act as his alternate on the Supervisory Board with authority to exercise his vote. Kjell Morten Johnsen will continue to serve as a member of the Company’s Supervisory Board in his own capacity.

Mr. Sørby joined the Telenor Group in 1993 as a Vice President in Norsk Telekom, a subgroup of the Telenor Group.  He then served as Senior Vice President, General Manager and Deputy CEO in a number of Telenor Group companies between 1995 and 2002.  Mr. Sørby sat on the board of directors of VimpelCom Russia from 2000 to 2003.  He has been the Executive Vice President of the Telenor Group since 2003 when he was also appointed Head of the Norwegian Market of the Telenor Group.  He became Head of the Nordic Region in 2005 and was appointed Head of Corporate Development in 2009 and Head of Strategy and Regulatory Affairs in 2011.  In 2014, Mr. Sørby served as CEO of Uninor, an Indian Telenor Group Company.  Mr. Sørby has also been chairman of several boards of directors of Telenor Group companies in Norway, Denmark and Sweden since 2005 and has been a board member of Digi, a Telenor Group company in Malaysia since 2013.   Prior to joining the Telenor Group, Mr. Sørby worked at Arthur Andersen & Co. in Oslo for about 10 years.  Mr. Sørby received his Master of Science degree in business administration from the University of Karlstad, Sweden in 1983. He is a state licensed public accountant in Norway and completed the Program for Executive Development at IMD in Lausanne, Switzerland in 1997.

About VimpelCom

VimpelCom, an international telecoms company operating in 14 countries and headquartered in Amsterdam, is one of the world’s largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, Pakistan and Zimbabwe. VimpelCom’s operations around the globe cover territory with a total population of approximately 739 million people. VimpelCom provides services under the "Beeline", "Kyivstar", “WIND”, "Infostrada" “Mobilink”, “banglalink”, “Telecel”, and “Djezzy” brands. As of September 30, 2014 VimpelCom had 223 million mobile customers on a combined basis. VimpelCom is traded on the NASDAQ Global Select Market under the symbol (VIP). For more information visit: http://www.vimpelcom.com.

Contact information

Investor Relations
VimpelCom Ltd.
Gerbrand Nijman/Remco Vergeer
ir@vimpelcom.com
Tel: +31 20 79 77 200 (Amsterdam)

Media and Public Relations
VimpelCom Ltd.
Bobby Leach/Artem Minaev
pr@vimpelcom.com
Tel: +31 20 79 77 200 (Amsterdam)

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