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The operation and performance of our business and investment in our ADSs are subject to certain risks and uncertainties.

Such risks include the risk factors described in VimpelCom's latest annual report on Form 20-F as filed with the U.S. Securities and Exchange Commission (the “SEC”) and other public filings made by VimpelCom with the SEC.

VimpelCom disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained therein, or to make corrections to reflect future events or developments. If any of these risks actually occur, our business, financial condition, results of operations or prospects could be harmed. In that case, the trading price of our ADSs could decline and you could lose all or part of your investment.

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