VimpelCom Ltd. Post-Exchange Offer Ownership

Shareholder		Total Economic Common DRs and shares		% Economic rights		Preferred shares (1)		Total voting DRs and shares		% of voting rights
Telenor		515 578 840		39.58%		-		515 578 840		36.03%
Altimo		510 461 800		39.19%		128 532 000		638 993 800		44.65%
Minority Shareholders		276 518 668		21.23%		-		276 468 660		19.32%
Total		1 302 559 308		100%		128 532 000		1 431 041 300		100%