Amsterdam, 24 January 2019 - VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces the promotion of Sergey Afonin to CEO of Beeline Uzbekistan, effective from 1 March 2019.

Sergey joined the VEON Group in 2016 as Regional Director for Beeline Russia's southern region, where he led a successful retail strategy which resulted in growth in overall market share. Previously, Sergey was Commercial Director at a large FMCG company in Russia.

Ursula Burns, VEON’s Chairman and CEO, commented: “Sergey has a strong background across different industries, including telecommunications, and we have been impressed by his management skills and values-based leadership since joining VEON three years ago. I am confident that Sergey’s promotion will allow VEON to further strengthen our core business in Uzbekistan, including growing our digital services offering, whilst continuing to support local ethics and compliance initiatives.”

Sergey replaces Dmitriy Shukov as CEO of Beeline Uzbekistan, following his decision to step down after three years in the role. Under Dmitriy’s leadership, Beeline Uzbekistan delivered strong operating performance and the continued growth in smartphone penetration and mobile data. ****