Amsterdam, 28 November 2017 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services headquartered in Amsterdam and serving more than 235 million customers, is pleased to announce the appointment of Vasyl Latsanych as Chief Executive Officer of its Russian operations, PJSC VimpelCom, with effect from 10 January 2018. In his new role, Vasyl will report to Kjell Morten Johnsen, VEON’s Head of Major Markets. PJSC VimpelCom operates under the Beeline brand in Russia.

Vasyl spent over 16 years in telecoms, most of which was with the MTS Group in a number of senior roles. His most recent role was as Group Vice President for Strategy and Marketing, where he was responsible for MTS’s commercial and strategic initiatives and led a significant customer experience transformation, as well as digital development.

Commenting on the appointment, Kjell Morten Johnsen said:

“Vasyl brings extensive experience and a proven track record in the telecoms industry. His appointment will further strengthen and develop VEON’s strong market position, particularly as we look to implement important strategic initiatives in a highly dynamic and developing Russian market.”

Vasyl Latsanych said:

“I am excited by the opportunity to lead PJSC VimpelCom, and I am looking forward to working with the team to ensure that Beeline customers are provided with the best digital services and solutions, particularly as the Russian telecoms market enters a new phase of development and digital change.”