Moscow and New York (June 10, 2009) - Open Joint Stock Company “Vimpel-Communications” (“VimpelCom” or the "Company") (NYSE: VIP), announced that at its Annual General Shareholders Meeting (AGSM) held today in Moscow shareholders approved all agenda items and elected a new Board of Directors. Holders of approximately 80.99% of the Company's shares were represented at the AGSM.  The composition of the Board of Directors did not change.  For more information about the Company’s Board of Directors, please see VimpelCom’s web site, www.vimpelcom.com, in the “People/Directors” section. Alexey Reznikovich was re-elected as the Chairman of the Board of Directors at a Board meeting held following the AGSM.

VimpelCom will submit a copy of the voting results of the AGSM under separate cover of Form 6-K to the U.S. Securities and Exchange Commission and the New York Stock Exchange.  An electronic copy of the voting results of the AGSM will be available for review on VimpelCom's web site, www.vimpelcom.com, in the "General Shareholders Meeting" section.
 
The VimpelCom Group consists of telecommunications operators providing voice and data services through a range of mobile, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia, Armenia, as well as Vietnam and Cambodia, in territories with a total population of about 340 million.  The Group companies provide services under the "Beeline" brand.  VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP". 

For more information, please contact: