Amsterdam (October 5, 2015), VimpelCom Ltd. (“VimpelCom” or “Company”) (NASDAQ:VIP), a leading global provider of telecommunications services headquartered in Amsterdam, issued the following statement in relation to Telenor’s announcement of its intention to divest itself of its VimpelCom shareholding:

“We are aware of Telenor's intention to sell its shares in VimpelCom over the course of time and we welcome their clarification that they do not intend to convert their preferred shares. Telenor has been a long-standing and highly supportive shareholder for many years, helping to build our business. As VimpelCom moves forward with its recently announced new business strategy, we will work with Telenor to ensure a successful divestiture of their stake.”