UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of May 2010

Commission File Number 1-14522

Open Joint Stock Company “Vimpel-Communications”

(Translation of registrant’s name into English)

10 Ulitsa 8-Marta, Building 14, Moscow, Russian Federation 127083

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ~~[X]~~ x Form 40-F ~~[ ]~~¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): .

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): .

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ~~[ ]~~ ¨ No ~~[X]~~x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	OPEN JOINT STOCK COMPANY “VIMPEL-COMMUNICATIONS” (Registrant)
		OPEN JOINT STOCK COMPANY
Date: May 26, 2010
		“VIMPEL-COMMUNICATIONS”
	By:	/s/ Alexander Y. Torbakhov
		(Registrant)
	Name:	Alexander Y. Torbakhov
Date: June 1, 2010
	Title:	General Director
		By:	/S/ ALEXANDER Y. TORBAKHOV
		Name:	Alexander Y. Torbakhov
		Title:	General Director

~~Amsterdam~~EXPLANATORY ~~and~~NOTE New York (May 26, 2010) - “VimpelCom Ltd” (“VimpelCom” or the “Company”) (NYSE: VIP), a leading international provider of telecommunications services, today announces its pro forma operating and financial results for the quarter ended March 31, 2010.

~~This~~On ~~earnings~~May 25, ~~release~~2010, ~~contains~~VimpelCom ~~pro~~Ltd., forma information*the ~~for~~holder ~~VimpelCom~~of ~~and~~97.87% of the ~~financial~~shares ~~and operating results~~ of ~~each~~voting stock of Open Joint Stock Company “Vimpel-Communications” (“OJSC VimpelCom”), ~~and~~delivered ~~Closed~~a ~~Joint~~Squeeze-Out ~~Stock~~Demand ~~Company~~(the “~~Kyivstar~~Squeeze-Out ~~G.S.M.~~Demand”) to OJSC VimpelCom in respect of OJSC VimpelCom’s outstanding common shares (including those underlying American depositary receipts (“~~Kyivstar~~ADRs”) onrepresenting aAmerican ~~stand~~depositary shares (“ADSs”)) that VimpelCom Ltd. does not already own. According to the Squeeze-~~alone~~Out ~~basis~~Demand, VimpelCom Ltd. ~~The~~will ~~presentation~~acquire ofall remaining OJSC VimpelCom common shares, including those underlying ADRs representing ADSs, for a cash payment of RUB 11,800 per share. Holders of OJSC VimpelCom’s ~~financial~~ADRs ~~and~~representing ~~operating~~ADSs ~~results~~(each ~~follows~~of ~~the~~which ~~format~~represents 1/20 of ~~its~~one ~~2009~~OJSC ~~year-end~~VimpelCom ~~earnings~~share) ~~release~~will be entitled to receive the US dollar equivalent of RUB 590 per ADS, ~~with~~less ~~its~~a ~~consolidated~~cancellation ~~financial~~fee ~~results~~of $0.02 per ADS and ~~the~~any ~~financial~~other ~~results~~fees and expenses of ~~its~~The ~~CIS~~Bank ~~operations~~of ~~being~~New ~~presented~~York inMellon USas ~~dollars~~depositary (the “Depositary”) and ~~the~~its ~~financial~~Russian custodian and agent. The squeeze-out price was determined as the ~~results~~market value of ~~its~~the ~~Russian~~OJSC ~~operations~~VimpelCom ~~being~~shares ~~presented~~as of February 28, 2010 by an independent Russian appraiser in accordance with Russian ~~Rubles~~law. ~~Kyivstar’s~~The ~~financial~~appraisal ~~and~~was ~~operating~~supplemented ~~results~~with ~~are~~a ~~presented~~value inanalysis ~~its~~by ~~functional~~ZAO ~~currency,~~Deloitte ~~the~~and ~~Ukrainian~~Touche ~~Hryvnia~~CIS.

InThe ~~accordance~~Squeeze-Out ~~with~~Demand ~~recently~~establishes ~~adopted~~July 14, ~~accounting~~2010 ~~rules,~~as ~~from~~the ~~January 1~~“list date” for the squeeze-out procedure. Registered holders of OJSC VimpelCom common shares as of this date will receive the cash payments to which they are entitled and their shares (including shares underlying ADRs representing ADSs) will be mandatorily transferred to VimpelCom Ltd. by operation of law. Thereafter, ~~2010~~OJSC VimpelCom ADSs will no longer represent OJSC VimpelCom ~~began~~common shares but only a right to ~~consolidate~~receive ~~the~~a ~~results~~net cash payment upon cancellation. VimpelCom Ltd. is required to pay for all outstanding OJSC VimpelCom common shares within 25 days of ~~LLC~~the ~~Sky~~list ~~Mobile’s~~date ~~operations~~(i.e., inby ~~Kyrgyzstan~~August 8, 2010).

*In ~~See~~connection ~~page~~with 9the ~~for~~Squeeze-Out ~~details~~Demand, OJSC VimpelCom has informed the Depositary of its decision to terminate the Deposit Agreement dated November 20, 1996 (the “Deposit Agreement”) relating to its sponsored ADR program. The Deposit Agreement will be terminated as of September 1, 2010.

OJSC VimpelCom ~~Ltd~~is furnishing as Exhibits to this Report of Foreign Private Issuer on Form 6-K ~~First~~certain ~~Quarter~~material ~~2010~~it ~~Pro~~distributed ~~Forma~~to ~~Operating~~its ~~Results~~ADR holders and registered ~~Selected~~holders ~~Financial~~of ~~Data~~its common shares.

~~Combined~~Exhibit ~~Financial~~List ~~and Operating Results on a Pro Forma Basis~~

(US$, millions) - 1Q 10	OJSCVimpelCom		Kyivstar		HQ andeliminations		Pro FormaCondensedCombined
99.1	Notice to ADR Holders
Net operating revenues	2,231		322		(18	)	2,535
99.2	Notice to Registered Holders of OJSC VimpelCom common shares as of May 25, 2010
Adjusted OIBDA	1,052		164		(11	)	1,205
99.3	Squeeze-Out Demand
Adjusted OIBDA margin, %	47.2	%	50.9	%			47.5	%
99.4	Recommendation of the Board of Directors of OJSC VimpelCom
Operating income	633		40		(11	)	662
99.5	Conclusion section of the Report of the Independent Russian Appraiser
Operating income margin, %	28.4	%	12.4	%			26.1	%
99.6	Application for Transfer of Funds
SG&A	632		98		11		741
including Sales & Marketing Expenses	191		17				208
including General & Administrative Costs	441		81		11		533
SG&A percentage	28.3	%	30.4	%			29.2	%
Net income (loss) attributable to VimpelCom Ltd.	392		28		(8	)	412
Net income (loss) attributable to VimpelCom Ltd. per ADS, basic, (US$)							0.32
Capital expenditures	179.3		55.8				235.1
Mobile subscriptions (‘000)	66,821		21,934				88,755
Broadband subscriptions (‘000)	2,513		—				2,513

~~Quarterly~~Exhibit ~~highlights:~~ 99.1

•NOTICE ~~Pro~~TO ~~forma~~HOLDERS ~~net~~OF ~~operating~~AMERICAN ~~revenues~~DEPOSITARY ~~and~~RECEIPTS OIBDA*REPRESENTING ~~of $2.5 billion and $1.2 billion, respectively~~

•AMERICAN ~~1Q10~~DEPOSITARY ~~VimpelCom~~SHARES ~~Ltd.~~OF ~~transaction related costs and the new headquarters overhead charges amounted to $11 million~~

•OJSC ~~The~~“VIMPEL-COMMUNICATIONS” ~~first~~(ADR ~~quarter~~CUSIP: ~~pro~~68370R109) ~~forma OIBDA margin was 47.5%~~

•May ~~Pro~~31, ~~forma~~2010 ~~net income attributable to VimpelCom Ltd amounted to $412 million.~~

•Dear ~~Combined~~Sir/Madam: ~~operating cash flow amounted to $960 million~~

~~Commenting~~On onMay 25, 2010, VimpelCom Ltd., the ~~first~~holder ~~quarter~~of ~~results~~97.87% of ~~VimpelCom,~~the ~~Alexander~~shares ~~Izosimov,~~of ~~Chief~~the ~~Executive~~voting ~~Officer~~stock of Open Joint Stock Company “Vimpel-Communications” (“OJSC VimpelCom”), ~~said,~~delivered a Squeeze-Out Demand (the “~~With~~Squeeze-Out ~~this~~Demand”) ~~release~~to weOJSC ~~open~~VimpelCom ain respect of OJSC VimpelCom’s outstanding common shares (including those ~~new~~underlying ~~chapter~~American indepositary ~~our~~receipts ~~history~~(“ADRs”) representing American depositary shares (“ADSs”)) that VimpelCom Ltd. ~~The~~does ~~combination~~not ofalready own. According to the ~~two~~Squeeze-Out ~~market~~Demand, ~~leaders~~VimpelCom –Ltd. will acquire all remaining OJSC VimpelCom ~~and~~common ~~Kyivstar~~shares, –including ~~has~~those ~~created~~underlying ADRs representing ADSs, for a ~~new~~cash ~~strong~~payment ~~emerging~~of ~~markets~~RUB ~~player~~11,800 per share. ~~The~~Because ~~increased~~each ~~scale~~OJSC VimpelCom ADS represents 1/20 of ~~our~~one ~~business~~OJSC VimpelCom common share, ~~combined~~holders ~~with~~of ~~our~~OJSC ~~high~~VimpelCom ADRs ~~level~~representing ADSs will be entitled to receive the US dollar equivalent of ~~profitability~~RUB 590 per ADS, less a cancellation fee of $0.02 per ADS and any other fees and expenses of The Bank of New York Mellon as depositary (the ~~positions~~“Depositary”) ~~VimpelCom~~and its Russian custodian and agent. The squeeze-out price was determined as the ~~leading~~market ~~telecom~~value ~~operator~~of the OJSC VimpelCom shares as of February 28, 2010 by an independent Russian appraiser in ~~the~~accordance ~~region~~with Russian law. The appraisal was supplemented with a value analysis by ZAO Deloitte and Touche CIS.

~~Our~~The ~~quarterly~~Squeeze-Out ~~results~~Demand ~~give~~establishes usJuly 14, 2010 ~~confidence~~as ~~that~~the “list date” for the ~~development~~squeeze-out procedure. Registered holders of ~~our~~OJSC VimpelCom common shares as of this date will receive the cash payments to which they are entitled and their shares (including shares underlying ADRs ~~business~~representing isADSs) onwill ~~track~~be mandatorily transferred to VimpelCom Ltd. Weby ~~remain~~operation ~~focused~~of onlaw. ~~sustainable~~Thereafter, ~~revenue~~OJSC ~~growth~~VimpelCom ~~and~~ADSs ~~continued~~will no longer represent OJSC VimpelCom common shares but only a right to ~~deliver~~receive ~~returns~~a net cash payment upon cancellation. VimpelCom Ltd. is required to ~~our~~pay ~~shareholders~~for all outstanding OJSC VimpelCom common shares within 25 days of the list date (i.e., by August 8, 2010).

~~Looking~~The ~~ahead,~~Depositary we has informed us that it will ~~focus~~permanently close its books as of 5:00 p.m. New York time on ~~completing~~July 9, ~~the~~2010 ~~integration~~for ~~and~~any ~~organizational~~deposits ~~structure~~of OJSC VimpelCom common shares for conversion into ADRs, transfers of ~~our~~registered ~~new~~ADRs ~~company~~and infor ~~order~~any surrenders of ADRs for cancellation to ~~deal~~withdraw ~~with~~the underlying OJSC VimpelCom common shares (other than cancellations on and after the ~~changing~~receipt ~~industry~~of ~~landscape~~the squeeze-out funds). WeConversion ~~believe~~of ~~that~~ the ~~outlook~~Russian ~~for~~rouble ~~VimpelCom~~squeeze-out isfunds ~~bright~~to US dollars will occur pursuant to the terms and ~~are~~conditions ~~confident~~of ~~that~~the weADRs. The Depositary will ~~successfully~~send ~~leverage~~a follow up notice to all OJSC VimpelCom ADR holders notifying them to ~~our~~surrender ~~new~~their ~~advantages~~ADRs for cancellation to receive the net cash payment.”

For your information, enclosed herewith are English translations of the following documents distributed by OJSC VimpelCom to all registered holders of OJSC VimpelCom common shares as of May 25, 2010:

1.	Squeeze-Out Demand;

2.	Recommendation of the Board of Directors of OJSC VimpelCom; and

3.	Conclusion section of the Appraisal Report.

In connection with the Squeeze-Out Demand, OJSC VimpelCom has informed the Depositary of its decision to terminate the Deposit Agreement dated November 20, 1996 (the “Deposit Agreement”) relating to its sponsored ADR program. The Deposit Agreement shall be terminated as of September 1, 2010 (the “Termination Date”). The Depositary will hold uninvested the net cash payment from the squeeze-out, unsegregated and without liability for interest, for the pro rata benefit of the holders of ADRs that have not theretofore been surrendered, such holders thereupon becoming general creditors of the Depositary with respect to such net proceeds.

Please contact Sammy Peermal of The Bank of New York Mellon at +1.954.255.5137 if you have any questions in connection with your ADSs. If you have any other questions, please call OJSC VimpelCom Investor Relations at +7 495 974 5888.

Kind Regards,

/s/ Alexander Torbakhov

Alexander Torbakhov

General Director

Exhibit 99.2

NOTICE TO SHAREHOLDERS

REGARDING THE SQUEEZE-OUT DEMAND RECEIVED BY THE COMPANY

Dear Shareholder,

Open Joint Stock Company “Vimpel-Communications” (the “Company”) hereby notifies you of the Squeeze-Out Demand in respect of the Company’s common shares (the “Squeeze-Out Demand”) received by the Company from VimpelCom Ltd. (the “Purchasing Shareholder”) (enclosed herewith). The Company’s Board of Directors has reviewed the Squeeze-Out Demand and issued the Recommendations enclosed herewith on May 26, 2010.

The Purchasing Shareholder currently owns 97.60% of the common shares and 100.00% of the preferred shares of the Company, constituting in aggregate 97.87% of the Company’s total issued stock.

The Squeeze-Out Demand was filed with the Company in accordance with Art. 84.8 of the Federal Law On Joint-Stock Companies dated December 26, 1995.

Pursuant to the Squeeze-Out Demand the Purchasing Shareholder will purchase from Company shareholders all common shares at the price of Eleven Thousand Eight Hundred Rubles (RUR11,800) per One (1) common share (the “Purchase Price”).

The purchase price was determined on the basis of the independent appraiser’s report (Report No. 1138/10 on Appraisal of the Market Price of One Common Share of the Company, dated May 5, 2010, prepared by a consortium of contractors consisting of Limited Liability Company “Institut Problem Predprinimatelstva” and ZAO Deloitte & Touche CIS, signed by S.R. Edomsky and E.A. Burdaeva, the appraisers, and by E.V. Popov, a partner of ZAO Deloitte & Touche CIS, containing the seal and signature of N.Yu. Mochulovsky, Director of OOO Institute of Entrepreneurial Studies, the “Appraisal Report”) (the conclusion section of the Appraisal Report is enclosed herewith).

Payment to holders of the Company’s common shares shall be made in cash in Rubles by bank transfer or by mail remittance at the address specified in the applications of shareholders included in the list of purchased securities as of the record date set forth in the Squeeze-Out Demand (for more information regarding the application see paragraphs 1-2 below).

The date for preparing the list of the holders of purchased securities specified in the Squeeze-Out Demand is the Fourteenth day (14) of July, 2010. From such date no transfer of title or encumbrance over the purchased securities is permitted.

A shareholder may send to the address specified in paragraph 2 below a written application stating his full name, residential address (registered address), details of the bank account to which the consideration for the securities purchased is to be paid. If the shareholder has no bank account, payment for the securities will be made by mail remittance at the address specified in the shareholder’s application (form of the application is enclosed herewith).

2.	Shareholders should submit applications to the following address on or before the Fourteenth day (14) of July, 2010: Russian Federation, 121357, Moscow, Veresaeva street, 6, Closed Joint-Stock Company National Registration Company (Head Office), c/o VimpelCom Ltd.

The Purchasing Shareholder will pay for the securities purchased within 25 days after the above record date (i.e. during the period from the Fifteenth (15) of July, 2010 through the Eighth (8) day of August, 2010). If the purchased securities are attached, such 25-day period shall run from the day on which the Purchasing Shareholder became or should have become aware of cancellation or lifting of attachment with respect to such securities.

Payment for common shares will be made to a shareholder by bank transfer of monetary funds (in an amount equal to the Purchase Price multiplied by the number of the Company’s common shares owned by the shareholder as of the Fourteenth (14) day of July, 2010) pursuant to the bank details specified by the shareholder in the application or by mail remittance at the residential address of the shareholder (if so instructed by the shareholder).

If no application is received from a shareholder by Closed Joint-Stock Company National Registration Company within the established period of time (on or before the Fourteenth (14) day of July, 2010) or if the shareholder’s application does not specify the bank details or the address for mail remittance of the funds (as required) the amount due to be paid to the shareholder for his securities will be deposited with the following notary: Nikolay Viktorovich Repin (address: Russian Federation, 117292, Moscow, Profsoyuznaya Str., 20/9, telephones +7 (499) 125-21-77, +7 (499) 125-36-69, +7 (495) 661-46-24). The funds may be released from the notary’s deposit within 3 years. Please note that for the purposes of payment for the purchased shares the Purchasing Shareholder may not use by default the details previously provided by shareholders for the purposes of receiving dividends on the Company shares.

If a nominal holder fails to provide information on the beneficial owners of the common shares the consideration for the securities purchased will be transferred to the nominal holder.

6.	The Appraisal Report is available for examination by owners of the purchased securities on business days at the following address: 4, Krasnoproletarskaya ul., Moscow, Russia.

Enclosure:

1.	Squeeze-Out Demand;

2.	Recommendation of the Board of Directors of VimpelCom

3.	Conclusion section of the Appraisal Report;

4.	Form of Application for Transfer of Funds.

For information please call: 440-6324/25/45.

A. Torbakhov

General Director

May 27, 2010

Exhibit 99.3

Prepared using the system GARANT

[Stamp with the following text in italics:]

RECEIVED BY OJSC VIMPELCOM on May 24, 2010

[Handwritten text:]

Correction approved

[signed]

[Stamp with the following text in italics:]

RECEIVED BY OJSC VIMPELCOM on May 25, 2010


		[Stamp with the following text in italics:] 7 May 2010		Appendix 5 To Regulations for Performing Certain Actions In Connection with the Acquisition of More than a 30 Percent Stake in Open Joint Stock Companies As Approved by Federal Financial Markets Service Order No. 06/76/pz-n, dated July 13, 2006 (as amended on October 16, 2007)

		The Federal Service for Financial Markets Mail Room [signed] N.K. Kemarskaya

SQUEEZE-OUT DEMAND TO PURCHASE SECURITIES

ISSUED BY AN OPEN JOINT STOCK COMPANY

VimpelCom Ltd.

(indicate name of person making squeeze-out demand to purchase securities issued by an open joint stock company)

Open Joint Stock Company Vimpel-Communications

(indicate full name of open joint stock company targeted by the squeeze-out demand)

Type/class/series of the securities with respect to which the squeeze-out demand is made

Uncertificated registered shares of common stock, registered under No. 1-02-00027-A

Registered address (place of residence) of the

person making the squeeze-out demand to

purchase securities

Strawinskylaan 3051, 1077 ZX Amsterdam, the

Netherlands

(indicate registered address (place of residence) of person making squeeze-out demand to purchase securities issued by an open joint stock company)


Contact information for person making the squeeze-out demand to purchase securities issued by the open joint stock company
Telephone:		+7 (495) 440-6324, +7 (495) 440-6325, +7 (495) 440-6345
		(indicate telephone numbers, including international dialing code, of the person making a squeeze-out demand to purchase securities issued by an open joint stock company)

Fax:		+7 (495) 440-6355
		(indicate fax number, including international dialing code, of the person making a squeeze-out demand to purchase securities issued by an open joint stock company)

E-mail:		info@nrcreg.ru
		(indicate e-mail address of the person making a squeeze-out demand to purchase securities issued by an open joint stock company)

Mailing address:		VimpelCom Ltd., c/o NRC, 6 Veresaev Street, Moscow 121357, Russian Federation
Mailing address:		(indicate mailing address used to receive correspondence by post by the person making squeeze-out demand to purchase securities issued by an open joint stock company)

Prepared using the system GARANT


Date « 7 » May 2010
		(Affix company seal here if a legal entity)


I. Information on the Open Joint Stock Company, the Issuer of Securities Targeted by the Squeeze-out Demand to Purchase Securities
1.1	Full company name	Open Joint Stock Company Vimpel-Communications

1.2	Abbreviated company name, if any	AO VimpelCom (“OJSC VimpelCom”)

1.3	Registered address	10, 8^th March Street, Building 14, Moscow 127083, Russian Federation

1.4	Main State Registration Number (OGRN)	1027700166636

1.5	Taxpayer Identification Number (INN)	7713076301

1.6	Issuer’s code assigned by registration authorities	00027-A


II. Information on the Person Making the Squeeze-Out Demand to Purchase Securities Issued by the Open Joint Stock Company in Series
2.1	Individual	No

2.2	Legal entity	Yes

2.3	Resident	No

2.4	Nonresident	Yes

If an individual:

2.5	Full name	Not applicable

2.6	Place of residence	Not applicable

If a legal entity:

2.7	Full company name	VimpelCom Ltd.

2.8	Abbreviated company name, if any	Not applicable

2.9	Registered address	Strawinskylaan 3051, 1077 ZX Amsterdam, the Netherlands (principal place of business)

2.10	Main State Registration Number (OGRN)	None; registration number 43271 in the jurisdiction of its organization (Bermuda)

2.11	Taxpayer Identification Number (INN)	None

2.12	Issuer’s code, if any, assigned by registration authorities	None

2.13.	Information on the Number of Shares of the Open Joint Stock Company Owned by the Person Making the Squeeze-out Demand to Purchase Securities Issued by the Open Joint Stock Company in Series

Number of shares owned by such person in the open joint stock company


2.13.1.	Number of shares / percentage¹ of common stock	50,050,797	2.13.2.	Total number of shares percentage² of preferred stock, including:	/ 6,426,600 / 100.00% shares

				a) Type A , shares/%²	6,426,600 shares / 100.00%

		shares / 97.60%		b) Type , shares/%²	/

				c) Type , shares/%²	/

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

* Hereafter refers to adjusted OIBDA (See definition of adjusted OIBDA in Attachment A)


Number of shares in the open joint stock company, as defined by Article 84.1(1) of the Federal Law “On Joint Stock Companies”, purchased by the same person pursuant to the most recent voluntary offer to purchase all securities issued by the open joint stock company in series, as defined by Article 84.2(1) of the Federal Law “On Joint Stock Companies”, or pursuant to a mandatory offer

2.13.3.	Description of the most recent offer whereunder shares, as defined by Article 84.1(1) of the Federal Law “On Joint Stock Companies”, in the open joint stock company had been purchased	Voluntary offer to purchase all securities of an open joint stock company issued in series, as defined by Article 84.2(1) of the Federal Law “On Joint Stock Companies”

2.13.4.	Dead-line for accepting the relevant offer	April 20, 2010

2.13.5.	Number of shares, as defined by Article 84.1(1) of the Federal Law “On Joint Stock Companies”, in the open joint stock company purchased pursuant to the relevant offer, shares/%³	56,477,397 shares / / 97.87%

2.14.	Information on Each Person Which, Individually or Jointly with its Affiliates, Holds at Least 20% of the Voting Rights in the Highest Governing Body of the Legal Entity Making the Squeeze-out Demand to Purchase Securities Issued by the Open Joint Stock Company in Series

2.15.	If an individual:

Information on each individual who, individually or jointly with his/her affiliates, holds at least 20% of the voting rights to which all members of the highest governing body of the legal entity referred to above are entitled		Percentage of the voting rights which is held by such individual, either individually or jointly with his/her affiliates, in the highest governing body of the legal entity referred to above, %

OJSC VimpelCom: Key Consolidated Financial and Operating Results*



2.15.1.1.	Full name	There is no such individual	2.15.1.3.	Not applicable
2.15.1.2.	Place of residence	Not applicable	2.15.1.3.	Not applicable

2.15.2.1.	Full name	There is no such individual	2.15.2.3.	Not applicable
2.15.2.2.	Place of residence	Not applicable	2.15.2.3.	Not applicable

CONSOLIDATED OPERATIONS (US$, millions)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Net operating revenues	2,231		1,973		13.1	%	2,309		-3.4	%
Adjusted OIBDA	1,052		949		10.9	%	1,088		-3.3	%
Adjusted OIBDA margin, %	47.2	%	48.1	%			47.1	%
Operating income	633		567		11.6	%	608		4.1	%
Operating income margin, %	28.4	%	28.7	%			26.3	%
SG&A	632		538		17.5	%	680		-7.1	%
including Sales & Marketing Expenses	191		156		22.4	%	218		-12.4	%
including General & Administrative Costs	441		382		15.4	%	462		-4.5	%
SG&A percentage	28.3	%	27.3	%			29.4	%
Net income (loss) attributable to OJSC VimpelCom	392		-297		n/a		283		38.5	%
Capital expenditures	179.3		113.0		58.7	%	422.7		-57.6	%
Mobile subscriptions (‘000)	66,821		62,724		6.5	%	64,596		3.4	%
Broadband subscriptions (‘000)	2,513		1,560		61.1	%	2,257		11.3	%

* See definitions in Attachment A. References to “year-on-year” are to comparisons of 1Q10 vs. 1Q09, while references to “quarter-on-quarter” are to 1Q10 vs. 4Q09.

Quarterly highlights:

• Net operating revenues reflect stability of the core business in Russia and ability to market new products and services

• Appreciation of local currencies against the US dollar strengthened the top line

• The decline in revenues compared to the previous quarter reflects the normal seasonality of the business

• Consolidated fixed and mobile OIBDA margin of 47.2% was in line with the previous quarter

• Strong operating cash flow of $803 million as a result of consistent focus on cash generation and working capital optimization

• Capital expenditures will increase further throughout the year as we accelerate the 3G and FTTB network roll-out in the markets in which we operate

• Repayment of $928 million of debt bringing OJSC VimpelCom’s net debt to $4.9 billion with a Total Debt/OIBDA LTM ratio of 1.5

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

OJSC VimpelCom: Russia - Financial and Operating Results


2.16.	If a legal entity:

Information on each legal entity that, individually or jointly with its affiliates, holds at least 20% of the voting rights to which all members of the highest governing body of the legal entity referred to above are entitled			Percentage of the voting rights which is held by such entity, either individually or jointly with its affiliates, in the highest governing body of the legal entity referred to above

2.16.1.1.	Full company name	Altimo Holdings & Investments Ltd.	2.16.1.6.	33.3% (three out of the nine directors) (together with its affiliates Altimo Cooperatiev U.A. and Eco Telecom Limited)
2.16.1.2.	Abbreviated name	Not applicable
2.16.1.3.	Registered address	Trident Chambers, Wickhams Cay, PO Box 146, Road Town, Tortola, British Virgin Islands
2.16.1.4.	Main State Registration Number (OGRN)	None; registration number 178274 in the jurisdiction of its organization (British Virgin Islands)
2.16.1.5.	Taxpayer Identification Number (INN)	None

2.16.2.1.	Full company name	Altimo Cooperatiev U.A.	2.16.2.6.	33.3% (three out of the nine directors) (together with its affiliates Altimo Holdings & Investments Ltd. and Eco Telecom Limited)
2.16.2.2.	Abbreviated name	Not applicable
2.16.2.3.	Registered address	Teleportboulevard 140, 1043 EJ Amsterdam, the Netherlands
2.16.2.4.	Main State Registration Number (OGRN)	None; registration number 34344220 in the jurisdiction of its organization (The Netherlands)
2.16.2.5.	Taxpayer Identification Number (INN)	None

2.16.3.1.	Full company name	Eco Telecom Limited	2.16.3.6.	33.3% (three out of the nine directors) (together with its affiliates Altimo Holdings & Investments Ltd. and Altimo Cooperatiev U.A.)
2.16.3.2.	Abbreviated name	Not applicable
2.16.3.3.	Registered address	9/3a International Commercial Centre, Casemates Square, Gibraltar
2.16.3.4.	Main State Registration Number (OGRN)	None; registration number 79038 in the jurisdiction of its organization (Gibraltar)

RUSSIA (RUR millions)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Net operating revenues	57,350		56,272		1.9	%	58,819		-2.5	%
Adjusted OIBDA	27,107		27,227		-0.4	%	27,725		-2.2	%
Adjusted OIBDA margin, %	47.3	%	48.4	%			47.1	%
Operating income	17,527		17,719		-1.1	%	17,393		0.8	%
Operating income margin, %	30.6	%	31.5	%			29.6	%
SG&A	15,796		14,936		5.8	%	17,033		-7.3	%
including Sales & Marketing Expenses	4,969		4,485		10.8	%	5,862		-15.2	%
including General & Administrative Costs	10,827		10,451		3.6	%	11,171		-3.1	%
SG&A percentage	27.5	%	26.5	%			29.0	%
Net income (loss) attributable to OJSC VimpelCom	11,557		-6,722		n/a		9,267		24.7	%
RUSSIA REVENUES* (RUR millions)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Net operating revenues	57,350		56,272		1.9	%	58,819		-2.5	%
Mobile	47,882		45,507		5.2	%	48,921		-2.1	%
Fixed-line	9,468		10,765		-12.0	%	9,898		-4.3	%
RUSSIA OIBDA DEVELOPMENT* (RUR millions)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA Total	27,107		27,227		-0.4	%	27,725		-2.2	%
Mobile	24,385		23,562		3.5	%	24,850		-1.9	%
Fixed-line	2,722		3,665		-25.7	%	2,875		-5.3	%
Adjusted Total OIBDA margin, %	47.3	%	48.4	%			47.1	%
Mobile, %	50.9	%	51.8	%			50.8	%
Fixed-line, %	28.7	%	34.0	%			29.0	%
RUSSIA OPERATING DEVELOPMENT	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Mobile subscriptions (‘000)	51,254		49,351		3.9	%	50,886		0.7	%
MOU, min	203.9		203.0		0.4	%	217.7		-6.3	%
Adjusted MOU, min**	208.4		205.7		1.3	%	221.4		-5.9	%
ARPU mobile, US$	10.3		9.1		13.2	%	10.8		-4.6	%
ARPU mobile, RUR	307.7		306.6		0.4	%	316.9		-2.9	%
Broadband subscriptions (‘000)	2,335		1,498		55.9	%	2,111		10.6	%

* Mobile and fixed revenues for all periods were recalculated – please see definition of reportable segments in Attachment A.

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

** Adjusted MOU is calculated for mobile subscriptions excluding mobile broadband subscriptions using USB modems.


2.16.3.5.	Taxpayer Identification Number (INN)	None
2.16.4.1.	Full company name	Telenor East Invest AS	2.16.4.6.	33.3% (three out of the nine directors) (together with its affiliate Telenor Mobile Communications AS)
2.16.4.2.	Abbreviated name	Not applicable
2.16.4.3.	Registered address	Snarøyveien 30, N-1331 Fornebu, Norway
2.16.4.4.	Main State Registration Number (OGRN)	None; registration number 976518209 in the jurisdiction of its organization (Norway)
2.16.4.5.	Taxpayer Identification Number (INN)	None
2.16.5.1.	Full company name	Telenor Mobile Communications AS	2.16.5.6.	33.3% (three out of the nine directors) (together with its affiliate Telenor East Invest AS)
2.16.5.2.	Abbreviated name	Not applicable
2.16.5.3.	Registered address	Snarøyveien 30, N-1331 Fornebu, Norway
2.16.5.4.	Main State Registration Number (OGRN)	None; registration number 963815840 in the jurisdiction of its organization (Norway)
2.16.5.5.	Taxpayer Identification Number (INN)	None
2.17	Information on Each Person Which Holds at Least 10% of the Voting Rights to Which All Members of the Highest Governing Body of the Legal Entity Making the Squeeze-out Demand to Purchase Securities Issued by the Open Joint Stock Company in Series Are Entitled, and Which Is Registered in a Jurisdiction That Gives Favorable Tax Treatment and/or Does Not Require Disclosure or Provision of Information in Connection with Financial Transactions (a “Tax Haven”)
2.18	If an individual:
Information on each individual who holds at least 10% of the voting rights to which all members of the highest governing body of the legal entity referred to above are entitled and who is registered in a tax haven			Percentage of the voting rights which is held by such individual in the highest governing body of the legal entity referred to above
2.18.1.1	Full name	There is no such individual	2.18.1.3	Not applicable
2.18.1.2	Place of residence	Not applicable	2.18.1.3	Not applicable
2.18.2.1.	Full name	There is no such individual	2.18.2.3.	Not applicable

Quarterly highlights:

• In the mobile segment:

• Strong demand for data services led to an increase in USB modem subscriptions

• Stable pricing for traditional voice services

• VAS as a percentage of mobile service revenues increased to 20.6%

• Strong mobile OIBDA margin above 50%

• In the fixed-line segment:

• Revenues in the US dollar terms remained stable year-on-year

• Revenue dynamics of a fixed-line segment reflect Russian ruble appreciation as a significant part of our fixed-line client base is billed in US dollars and Euro

• OIBDA margin remained essentially flat quarter-on-quarter

• The total number of residential broadband subscriptions, including FTTB and mobile broadband, exceeded 2.3 million with revenues up 59.1% year-on-year

Overall, in Russia the Company achieved good growth in the mobile segment, while fixed-line performance remained stable with ruble revenues and margins affected by currency fluctuations. Our competitive position remains sound, while further revenue growth will be defined to a large degree by continued macroeconomic recovery in the country.

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

OJSC VimpelCom: CIS* - Financial and Operating Results


2.18.2.2.	Place of residence	Not applicable
2.19.	If a legal entity:
Information on each legal entity that holds at least 10% of the voting rights to which all members of the highest governing body of the legal entity referred to above are entitled and that is registered in a tax haven			Percentage of the voting rights which is held by such entity in the highest governing body of the legal entity referred to above
2.19.1.1.	Full company name	Altimo Holdings & Investments Ltd.	2.19.1.4.	33.3% (three out of the nine directors) (together with its affiliates Altimo Cooperatiev U.A. and Eco Telecom Limited)
2.19.1.2.	Abbreviated name	Not applicable
2.19.1.3.	Registered address	Trident Chambers, Wickhams Cay, PO Box 146, Road Town, Tortola, British Virgin Islands
Information on each person which benefits from the ownership of shares in such legal entity registered in a tax haven (a “beneficiary”)			Percentage of the voting rights which is held by such beneficiary in the highest governing body of such legal entity registered in a tax haven
If the beneficiary is an individual
2.19.1.5.	Full name	There is no such individual	2.19.1.7.	Not applicable
2.19.1.6.	Place of residence	Not applicable	2.19.1.7.	Not applicable
2.19.1.8.	Full name	There is no such individual	2.19.1.10.	Not applicable
2.19.1.9.	Place of residence	Not applicable	2.19.1.10.	Not applicable
If the beneficiary is a legal entity
2.19.1.11.	Full company name	Alja Investments Limited	2.19.1.16.	2.193%
2.19.1.12.	Abbreviated name	Not applicable
2.19.1.13.	Registered address	Craigmuir Chambers, PO Box 71, Road Town, Tortola, British Virgin Islands
2.19.1.14.	Main State Registration Number (OGRN)	None; registration number 357852 in the jurisdiction of its organization (British Virgin Islands)
2.19.1.15.	Taxpayer Identification Number (INN)	Not applicable

CIS OPERATIONS (US$ millions)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Net operating revenues	339.8		332.6		2.2	%	341.6		-0.5	%
Adjusted OIBDA	152.4		149.7		1.8	%	154.7		-1.5	%
Adjusted OIBDA margin, %	44.8	%	45.0	%			45.3	%
Operating income	56.9		49.9		14.0	%	28.5		99.6	%
Operating income margin, %	16.7	%	15.0	%			8.3	%
SG&A	94.7		92.5		2.4	%	94.1		0.6	%
including Sales & Marketing Expenses	21.5		22.7		-5.3	%	24.9		-13.7	%
including General & Administrative Costs	73.2		69.8		4.9	%	69.2		5.8	%
SG&A percentage	27.9	%	27.8	%			27.5	%
Net income/(loss) attributable to OJSC VimpelCom	22.0		-11.0		n/a		-7.6		n/a
Mobile subscriptions (‘000)	15,076		13,373		12.7	%	13,342		13.0	%
Broadband subscriptions (‘000)	178		62		187.1	%	146		21.9	%

* OJSC VimpelCom’s CIS operations include operations in Kazakhstan, Uzbekistan, Armenia, Kyrgyzstan, Tajikistan, and Georgia as well as OJSC VimpelCom’s operations in Ukraine. Starting with the second quarter of 2010 we intend to present our operations in Ukraine as a new segment, which will include OJSC VimpelCom’s and Kyivstar’s operations in Ukraine.

Quarterly highlights:

• 10% year-on-year local currency revenue growth in Kazakhstan, our largest market in this segment, reflecting signs of a return to stability in that market

• Consolidation of the Kyrgyzstan mobile operations of Sky Mobile, which has a management contract with Kar-Tel, our subsidiary operating in Kazakhstan. Sky Mobile serves 1.8 million customers and has been operating under the “Beeline” brand since June 2009

• OIBDA margin declined slightly; due in part to the inclusion of the Kyrgyz operations

• Number of broadband subscriptions increased 187% year-on-year as we started to actively develop our broadband projects in Ukraine, Kazakhstan, Uzbekistan and Armenia.

Overall, in our CIS markets we continue to focus on cash flow and profitability. While the situation in Armenia and Uzbekistan remains challenging, we are pleased with our progress in Kazakhstan and Georgia.

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

OJSC VimpelCom: South-East Asia


2.19.1.17.	Full company name	Bardsley Investments Corp.	2.19.1.22.	11.869%

2.19.1.18.	Abbreviated name	Not applicable

2.19.1.19.	Registered address	Akara Bldg, 24 De Castro Street, Wickhams Cay 1, Road Town, Tortola, BVI

2.19.1.20.	Main State Registration Number (OGRN)	None; registration number 267942 in the jurisdiction of its organization (British Virgin Islands)

2.19.1.21.	Taxpayer Identification Number (INN)	Not applicable

2.19.1.23.	Full company name	Cotesmore Holdings Limited	2.19.1.28.	18.604%

2.19.1.24.	Abbreviated name	Not applicable

2.19.1.25.	Registered address	1st Floor, Kings Court, Bay Street, N-3994, Nassau, Bahamas

2.19.1.26.	Main State Registration Number (OGRN)	None; registration number in the jurisdiction of its organization (the Bahamas): 46824B

2.19.1.27.	Taxpayer Identification Number (INN)	None

2.19.1.29.	Full company name	Dendar Investment Fund Limited	2.19.1.34.	7.021%

2.19.1.30.	Abbreviated name	Not applicable

2.19.1.31.	Registered address	57/63 Line Wall Road, Gibraltar

2.19.1.32.	Main State Registration Number (OGRN)	None; registration number in the jurisdiction of its organization (Gibraltar): 62307

2.19.1.33.	Taxpayer Identification Number (INN)	None

2.19.1.35.	Full company name	Fairacre Holdings Limited	2.19.1.40.	2.079%

Quarterly highlights:

• Our operations in South-East Asia are still in a very early stage of development

• In Cambodia, good network quality, effective marketing campaigns and a pro-active approach to distribution have made us the fourth largest player in a nine-player market after the first year of operations

• In Vietnam, our networks covered approximately 57% of the total population with commercial activity in 51 out of 63 provinces where we have approximately 1.6 million subscriptions

Overall, we are optimistic about the potential of the South-East Asian mobile market and continue to enhance our presence in this region.

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

Kyivstar: Financial and Operating Results


2.19.1.36.	Abbreviated name	Not applicable

2.19.1.37.	Registered address	Trident Chambers, PO Box 146, Road Town, Tortola, British Virgin Island

2.19.1.38.	Main State Registration Number (OGRN)	None; registration number in the jurisdiction of its organization (British Virgin Islands): 1408678

2.19.1.39.	Taxpayer Identification Number (INN)	None

2.19.1.41.	Full company name	Grand Financial Group Limited	2.19.1.46.	13.974%
2.19.1.42.	Abbreviated name	Not applicable
2.19.1.43.	Registered address	Trident Chambers, PO Box 146, Road Town, Tortola, British Virgin Islands
2.19.1.44.	Main State Registration Number (OGRN)	None; registration number in the jurisdiction of its organization (British Virgin Islands): 459071
2.19.1.45.	Taxpayer Identification Number (INN)	None

2.19.1.47.	Full company name	Laketown Services Limited	2.19.1.52.	42.294%
2.19.1.48.	Abbreviated name	Not applicable
2.19.1.49.	Registered address	8 Prospect Hill, Douglas, Isle of Man
2.19.1.50.	Main State Registration Number (OGRN)	None; registration number in the jurisdiction of its organization (Isle of Man): 087581C
2.19.1.51.	Taxpayer Identification Number (INN)	None

2.19.1.53.	Full company name	R&B Investments Limited	2.19.1.58.	0.525%

2.19.1.54.	Abbreviated name	Not applicable

KYIVSTAR (UAH millions)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Net operating revenues	2,573		2,703		-4.8	%	2,890		-11.0	%
Adjusted OIBDA	1,307		1,456		-10.2	%	1,549		-15.6	%
Adjusted OIBDA margin, %	50.8	%	53.9	%			53.6	%
Operating income	320		311		2.9	%	414		-22.7	%
Operating income margin, %	12.4	%	11.5	%			14.3	%
SG&A	782		766		2.1	%	782		0.0	%
including Sales & Marketing Expenses	134		143		-6.3	%	191		-29.8	%
including General & Administrative Costs	648		623		4.0	%	591		9.6	%
SG&A percentage	30.4	%	28.3	%			27.1	%
Net income (loss) attributable to Kyivstar	224		370		-39.5	%	333		-32.7	%
KYIVSTAR OPERATING DEVELOPMENT	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Mobile subscriptions (‘000)	21,934		22,727		-3.5	%	22,022		-0.4	%
MOU, min	425		281		51.2	%	396		7.3	%
ARPU mobile, US$	4.8		5.1		-5.9	%	5.4		-11.1	%
ARPU mobile, UAH	38.5		39.1		-1.5	%	43.5		-11.5	%

Quarterly highlights:

• Quarter-on-quarter revenue dynamics reflect typical seasonality and the results of our efforts to stabilize subscription market share

• Year-on-year decline in revenues was largely driven by a lower number of active subscriptions caused by an ongoing shift of the Ukrainian mobile market to the “zero on-net” model aimed at price sensitive low-tier customers

• Reduction of the interconnect rates starting from the beginning of 2010 was another key contributor to the decrease in revenues

• Year-on-year ARPU remained essentially stable reflecting the high quality of our active customer base and partially offsetting the reduction of interconnect rates

• Introduction of “zero on-net” pricing model under Djuice brand in the second half of 2009 helped to reduce churn, stabilize subscription market share, and drive growth in MOU

• Weaker revenues and approximately 50 million Ukrainian Hryvnias of one-off costs related to transaction expenses and shareholder charges led to a decline in OIBDA margin

• The level of capital investments remained within the normal investment profile and should benefit from the upcoming integration with URS

Overall, the results are in line with our expectations and reflect our focus on stabilization of subscription market share and protecting ARPU.

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

For more information on financial and operating data for specific countries, as well as reconciliation of OIBDA, please refer to the supplementary file FinancialOperatingQ12010.xls on our website at http://www.vimpelcom.com/news/qrep.wbp.


2.19.1.55.	Registered address	Craigmuir Chambers, PO Box 71, Road Town, Tortola, British Virgin Islands

2.19.1.56.	Main State Registration Number (OGRN)	None; registration number in the jurisdiction of its organization (British Virgin Islands): 358381

2.19.1.57.	Taxpayer Identification Number (INN)	None

2.19.1.59.	Full company name	Thoro Holding Ltd.	2.19.1.64.	1.25%
2.19.1.60.	Abbreviated name	Not applicable
2.19.1.61.	Registered address	Trident Chambers, PO Box 146, Road Town, Tortola, British Virgin Islands
2.19.1.62.	Main State Registration Number (OGRN)	None; registration number in the jurisdiction of its organization (British Virgin Islands): 1047641
2.19.1.63.	Taxpayer Identification Number (INN)	None

2.19.1.65.	Full company name	My Bank (Ltd.)	2.19.1.70.	0.191%
2.19.1.66.	Abbreviated name	My Bank (Ltd.)
2.19.1.67.	Registered address	35 Khoroshevskoye Chaussee, Building 3, Moscow 123007, Russia
2.19.1.68.	Main State Registration Number (OGRN)	1027739672300
2.19.1.69.	Taxpayer Identification Number (INN)	7714014756

Information on each legal entity that holds at least 10% of the voting rights to which all members of the highest governing body of the legal entity referred to above are entitled and that is registered in a tax haven			Percentage of the voting rights which is held by such entity in the highest governing body of the legal entity referred to above

2.19.2.1.	Full company name	Eco Telecom Limited	2.19.2.4.	33.3% (three out of the nine directors) (together with its affiliates Altimo Holdings & Investments Ltd. and Altimo Cooperatiev U.A.)
2.19.2.2.	Abbreviated name	Not applicable
2.19.2.3.	Registered address	9/3a International Commercial Centre, Casemates Square, Gibraltar

In April 2010, following successful completion of the VimpelCom’s Ltd exchange offer for shares and American depositary shares of OJSC VimpelCom, VimpelCom’s two strategic shareholders completed the combination of OJSC VimpelCom and Kyivstar under VimpelCom Ltd.

Because VimpelCom Ltd. transaction was completed in the second quarter of 2010, VimpelCom is presenting first quarter results on a pro forma basis assuming the consolidation of OJSC VimpelCom and Kyivstar. This information does not assume that VimpelCom would have reported these results if the exchange offer was completed in the first quarter, nor does it imply that these results will be realized in the future.

The Company’s management will discuss its first quarter 2010 results during a conference call and slide presentation on May 26, 2010 at 4:30 pm CET, (10:30 am US ET). The call and slide presentation may be accessed via webcast at the following URL address http://www.vimpelcom.com. The conference call replay will be available through June 2, 2010. The slide presentation webcast will also be available for download on VimpelCom’s website http://www.vimpelcom.com.

VimpelCom Ltd. consists of telecommunications operators providing voice and data services through a range of wireless, fixed and broadband technologies. The VimpelCom Ltd. group is headquartered in Amsterdam and has operations in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Georgia, Armenia, Kyrgyzstan, Vietnam and Cambodia, covering territory with a total population of about 340 million. VimpelCom Ltd. operating companies provide services under the “Beeline” and “Kyivstar” brands. VimpelCom Ltd.’s ADSs are listed on the New York Stock Exchange under the symbol “VIP”.

This press release contains “forward-looking statements”, as the phrase is defined in Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements include those relating to the benefits of the combination of OJSC VimpelCom and Kyivstar under the Company, the Company’s 2010 capital expenditures projections and the Company’s development plans in South East Asia. These and other forward-looking statements are based on management’s best assessment of the Company’s strategic and financial position and of future market conditions and trends. These discussions involve risks and uncertainties. The actual outcome may differ materially from these statements as a result of continued volatility in the economies in the markets in which the Company operates, unforeseen developments from competition, governmental regulation of the telecommunications industries, general political uncertainties in the markets in which the Company operates and/or litigation with third parties. The actual outcome may also differ materially if the Company is unable to obtain all necessary corporate approvals relating to its business, if the Company is unable to successfully integrate its Ukrainian operations and other newly-acquired businesses and other factors. There can be

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

no assurance that such risks and uncertainties will not have a material adverse effect on the Company. Certain factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risk factors described in the Company’s registration statement on Form F-4 filed with the U.S. Securities and Exchange Commission (the “SEC”), OJSC VimpelCom’s public filings with the SEC, including its Annual Report on Form 20-F for the year ended December 31, 2009, and other public filings made by the Company with the SEC, which risk factors are incorporated herein by reference. 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 in this release, or to make corrections to reflect future events or developments.



Information on each person which benefits from the ownership of shares in such legal entity registered in a tax haven (a “beneficiary”)			Percentage of the voting rights which is held by such beneficiary in the highest governing body of such legal entity registered in a tax haven

If the beneficiary is an individual

2.19.2.5.	Full name	There is no such individual	2.19.2.7.	Not applicable
2.19.2.6.	Place of residence	Not applicable	2.19.2.7.	Not applicable
2.19.2.8.	Full name	There is no such individual	2.19.2.10.	Not applicable
2.19.2.9.	Place of residence	Not applicable	2.19.2.10.	Not applicable

If the beneficiary is a legal entity

2.19.2.11.	Full company name	Altimo Holdings & Investments Ltd.	2.19.2.16.	100%
2.19.2.12.	Abbreviated name	Not applicable
2.19.2.13.	Registered address	Trident Chambers, Wickhams Cay, PO Box 146, Road Town, Tortola, British Virgin Islands
2.19.2.14.	Main State Registration Number (OGRN)	None; registration number 178274 in the jurisdiction of its organization (British Virgin Islands)
2.19.2.15.	Taxpayer Identification Number (INN)	Not applicable

For more information, please contact:

III. Information on Each Shareholder of the Open Joint Stock Company Which Is an Affiliate of the Person Making the Squeeze-out Demand to Purchase Securities Issued by the Open Joint Stock Company in Series

Alexey Subbotin

Mateo Millett

3.1.

If an individual:

VimpelCom

3.1.1.1.

Full name

There is no such individual

Tel: 7-495- 954-7888

Tel: 1-617 897-1533

3.1.1.2.

Place of residence

Not applicable

Investor_Relations@vimpelcom.com

mateo.millett@fd.com

3.1.1.3.

Basis of affiliation

Not applicable

Number of shares owned by such affiliate in the open joint stock company

3.1.1.4.

Number of shares / percentage¹ of

common stock

0 shares / 0.00%

3.1.1.5.

Total number of shares / percentage² of preferred stock, including:

0 shares

0.00%

a) Type A ,

shares/%²

0 shares

0.00%

b) Type ,

shares/%²

c) Type ,

shares/%²

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

- Definitions and tables are attached –

3.2.

If a legal entity:

3.2.1.1.

Full company name

There is no such entity

3.2.1.2.

Abbreviated company name (if any)

Not applicable

3.2.1.3.

Registered address

Not applicable

3.2.1.4.

Main State Registration Number (OGRN)

Not applicable

3.2.1.5.

Taxpayer Identification Number (INN)

Not applicable

3.2.1.6.

Basis of affiliation

Not applicable

Attachment A: Definitions

Number of shares owned by such affiliate in the open joint stock company

3.2.1.7.

Number of shares / percentage¹ of

common stock

0 shares / 0.00%

3.2.1.8.

Total number of shares / percentage² of preferred stock, including:

0 shares

0.00%

a) Type A ,

shares/%²

0 shares

0.00%

b) Type ,

shares/%²

c) Type ,

shares/%²

IV. Information on the Number of Shares Owned, in the Aggregate, by the Person Making the

Squeeze-out Demand to Purchase Securities Issued by the Open Joint Stock Company in Series

and the Affiliates of Such Person

Number of shares owned by such persons in the open joint stock company

4.1.

Number of shares / percentage¹ of

common stock

50,050,797 shares /

97.60%

4.2.

Total number of shares / percentage² of preferred stock, including:

6,426,600

shares

100.00%

a) Type A ,

shares/%²

6,426,600

shares

100.00%

b) Type ,

shares/%²

c) Type ,

shares/%²

Adjusted OIBDA is a non-U.S. GAAP financial measure. Adjusted OIBDA, previously referred to as EBITDA or OIBDA by OJSC VimpelCom, is defined as operating income before depreciation, amortization and impairment loss. Our management uses adjusted OIBDA and adjusted OIBDA margin as supplemental performance measures and believes that adjusted OIBDA and adjusted OIBDA margin provide useful information to investors because they are indicators of the strength and performance of the Company’s business operations, including its ability to fund discretionary spending, such as capital expenditures, acquisitions and other investments, as well as indicating its ability to incur and service debt. In addition, the components of adjusted OIBDA include the key revenue and expense items for which the Company’s operating managers are responsible and upon which their performance is evaluated. Adjusted OIBDA also assists management and investors by increasing the comparability of the Company’s performance against the performance of other telecommunications companies that provide OIBDA or EBITDA (earnings before interest, taxes, depreciation and amortization) information. This increased comparability is achieved by excluding the potentially inconsistent effects between periods or companies of depreciation, amortization and impairment loss, which items may significantly affect operating income between periods. However, OJSC VimpelCom’s and Kyivstar’s adjusted OIBDA results and our pro forma adjusted OIBDA results may not be directly comparable to other companies’ reported OIBDA or EBITDA results due to variances and adjustments in the components of OIBDA (including our calculation of adjusted OIBDA) or calculation measures. However, a limitation of adjusted OIBDA’s use as a performance measure is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues or the need to replace capital equipment over time. Reconciliation of adjusted OIBDA to net income, the most directly comparable U.S. GAAP financial measure, is presented below in the reconciliation tables section as well as in the supplementary file FinancialOperatingQ12010.xls on our website at http://www.vimpelcom.com/news/qrep.wbp.

Adjusted OIBDA margin is a non-U.S. GAAP financial measure. We calculate adjusted OIBDA margin as adjusted OIBDA divided by net operating revenues, expressed as a percentage. Reconciliation of adjusted OIBDA margin to net income as a percentage of net operating revenues, the most directly comparable U.S. GAAP financial measure, is presented below in the reconciliation tables section as well as in the supplementary file FinancialOperatingQ12010.xls on our website at http://www.vimpelcom.com/news/qrep.wbp.

Sales and marketing costs (S&M) include marketing, advertising and dealer commissions expenses.

General and administrative costs (G&A) include salaries and outsourcing costs, including related social contributions required by law; stock price-based compensation expenses; repair and maintenance expenses; rent, including lease payments for base station sites; utilities; other miscellaneous expenses, such as insurance, operating taxes, license fees, and accounting, audit and legal fees.

Capital expenditures (Capex) – purchases of new equipment, new construction, upgrades, software, other long lived assets and related reasonable costs incurred prior to intended use of the non current asset, accounted at the earliest event of advance payment or delivery. Long-lived assets acquired in business combinations are not included in capital expenditures.

Net debt is a non-U.S. GAAP financial measure and is calculated as the sum of long-term debt and short-term debt minus cash and cash equivalents and short-term investments. The Company believes that net debt provides useful information to investors because it shows the amount of debt outstanding to be paid after using available cash and cash equivalent, as well as short-term investments. Net debt should not be considered in isolation as an alternative to long-term debt and short-term debt, or any other measure of the company financial position. Reconciliation of net debt to long-term debt and short-term debt, the most directly comparable U.S. GAAP financial measures, is presented below in the reconciliation tables section.

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

~~Free cash flow is a non-U~~4.S3. ~~GAAP~~Number ~~financial~~of ~~measure~~shares ~~and~~/ ispercentage3 ~~calculated~~represented asby ~~operating~~shares ~~cash~~specified ~~flow~~in ~~less Capex~~Article 84.1(1) ~~The~~of ~~Company~~the ~~believes~~Federal ~~that~~Law ~~free~~“On ~~cash~~Joint ~~flow~~Stock ~~provides~~Companies” ~~useful information to investors because it is an indicator of our company’s operational~~ and ~~financial~~owned ~~performance~~by ~~and~~the ~~represents~~person ~~our~~making ~~ability~~the tosqueeze-out ~~generate~~demand ~~cash after accruals required~~ to ~~maintain~~ orpurchase ~~expand~~securities ~~our~~and ~~asset~~its ~~base.~~affiliates ~~Free cash flow should not be considered~~ in ~~isolation as an alternative to operating cash flow or any other measure of~~ the ~~company~~open ~~cash~~joint ~~flows~~stock ~~management.~~company3 ~~Reconciliation~~56 of477 ~~free~~397 ~~cash~~shares ~~flow~~/ ~~to operating cash flow~~97, ~~the most directly comparable U.S. GAAP financial measure, is presented below in the reconciliation tables section.~~ 87%

Mobile subscriptions are SIM-cards registered in the system as of a measurement date, users of which generated revenue at any time during the three months prior to the measurement date. This includes revenue coming from any incoming and outgoing calls, subscription fee accruals, debits related to service, outgoing SMS, Multimedia Messaging Service (referred to as MMS), data transmission and receipt sessions, but does not include incoming SMS and MMS sent by VimpelCom or abandoned calls. VimpelCom’s total number of mobile subscriptions also includes SIM-cards for use of mobile Internet service via USB modems.


V. Information on the Securities Issued by the Open Joint Stock Company in Series, with Respect to Which the Squeeze-out Demand to Purchase Securities Is Made
Type/class/series of securities of the open joint stock company to which the squeeze-out demand applies
5.1.		Uncertificated registered shares of common stock, registered under No. 1-02-00027-A
5.2.		Not applicable

~~Broadband~~VI. ~~subscriptions~~Information ~~are~~ on the ~~customer~~Terms ~~contracts~~and ~~that~~Conditions ~~served~~of ~~as a basis for revenue generating activity in~~ the ~~three~~Squeeze-out ~~months~~Demand ~~prior~~ to ~~the~~Purchase ~~measurement~~Securities ~~date,~~Issued asby athe ~~result~~Open ofJoint ~~activities~~Stock ~~including~~Company ~~monthly~~in ~~internet access using FTTB, xDSL and WiFi technologies as well as mobile internet service via USB modems.~~ Series

ARPU (Monthly Average Revenue per User) is calculated by dividing service revenue during the relevant period, including roaming revenue and interconnect revenue, but excluding revenue from connection fees, sales of handsets and accessories and other non-service revenue, by the average number of subscriptions during the period and dividing by the number of months in that period.


6.1.	Type/class/series of securities being bought out	Uncertificated registered shares of common stock, registered under No. 1-02-00027-A
Terms And Conditions Of Buyout Of Such Type/Class of Securities Issued In Series
6.1.1.	The proposed price of securities being bought out or the method for the determination of such price	11,800 (eleven thousand eight hundred) rubles per 1 (one) security purchased and specified in 6.1 above

6.1.2.	Substantiation of the proposed price of securities being bought out, including information on the compliance of the proposed price of securities being bought out with Article 84.8(4) of the Federal Law “On Joint Stock Companies”	The proposed price of the securities being bought out, as specified in 6.1.1 above, is equal to their market value, determined by an independent appraiser (the details of such appraiser are specified in 7.1 below) to be 11,800 (eleven thousand eight hundred) rubles per 1 (one) uncertificated registered share of common stock, as specified in 6.1 above (Report No. 1138/10 of May 5, 2010 on the appraisal of the market value of one ordinary share of OJSC VimpelCom prepared by a consortium comprising LLC Institut Problem Predprinimatelstva and ZAO Deloitte and Touche CIS and signed by appraisers S.R. Edomsky and Ye.A. Burdaeva, as well as by Ye.V. Popov, a partner in ZAO Deloitte and Touche CIS, with an affixed seal and signature of N.Yu. Mochulovskaya, Director, Limited Liability Company Institut Problem Predprinimatelstva). The proposed price specified in 6.1.1 above for the securities being bought out exceeds the price at which the same securities had been acquired pursuant to a voluntary offer to purchase all securities issued by the open joint stock company, as defined in Article 84.2(1) of the Federal Law “On Joint Stock Companies”, as a result of which VimpelCom Ltd. became the owner of more than 95% of the overall number of securities of the open joint stock company defined in Article 84.1(1) of the Federal Law “On Joint Stock Companies”, with due account for shares owned by the same person and its affiliates (hereinafter referred to as the “*Voluntary Offer*”).

MOU (Monthly Average Minutes of Use per User) is calculated by dividing the total number of minutes of usage for incoming and outgoing calls during the relevant period (excluding guest roamers) by the average number of mobile subscriptions during the period and dividing by the number of months in that period.

Households passed are households located within buildings, in which indoor installation of all the FTTB equipment necessary to install terminal residential equipment has been completed.

Mobile services are wireless voice and data transmission services excluding WiFi.

VAS (value added services) includes short messages (“SMS”), multimedia messages (“MMS”), caller number identification, call waiting, data transmission, mobile Internet, downloadable content and other services.

CIS Geographic Segment for the purpose of VimpelCom Ltd reporting includes our operations in the following countries: Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Armenia and Georgia as well as OJSC VimpelCom’s operations in Ukraine. Starting from the next quarter we intend to include OJSC VimpelCom’s operation in Ukraine in a separate reporting segment together with Kyivstar.

SEA – VimpelCom operations in South-East Asia, which include operations in Cambodia and VimpelCom’s respective equity in net results of operations of the Company’s Vietnamese associate GTEL-Mobile JSC (“GTEL-Mobile”).

Reportable segments – Historically intersegment revenues were eliminated in consolidation. Starting from January 1, 2010, OJSC VimpelCom changed the approach to intersegment revenues and expenses in a way that operating revenues and operating expenses of Russia mobile and Russia fixed segments from each other and operating revenues and operating expenses of CIS mobile and CIS fixed segments from each other are eliminated on the level of a segment, as well as certain expenses and revenues were allocated to allow revenues and expenses related to those revenues to produce financial result within one segment. Other intersegment revenues and expenses are eliminated at the consolidated level. The comparative information was retrospectively adjusted.

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

Attachment B: VimpelCom financial statements


		After the expiry of the deadline for the acceptance of the Voluntary Offer, neither VimpelCom Ltd. nor its affiliates have purchased or have made any commitments to purchase the securities being bought out. Therefore, the offered price for the securities being bought out, as specified in 6.1.1 above, is in compliance with the requirements of Article 84.8(4) of the Federal Law “On Joint Stock Companies”.

6.1.3.	Consideration in cash for securities being bought out	Payment for securities being bought out will be made exclusively in cash in Russian rubles as specified in 6.1.4 below.

6.1.4.	Period for, and method of, payment in cash for securities being bought out	Payment for securities being bought out will be made within 25 (twenty-five) days of the date on which the list of owners of securities being bought out will be compiled, as specified in 6.3.1 below, by way of transfer of funds to the banking address or a money order address specified by the owner of the securities being bought out in the application submitted by him pursuant to 6.3.3 and 6.3.4 below, and within the timeframe specified in 6.3.2 below. If the nominee holder fails to provide information regarding the persons for whose benefit it holds the securities, VimpelCom Ltd. (or a paying agent acting on behalf of VimpelCom Ltd.) will transfer the funds owing for the securities being bought out to the nominee holder. If, within the established timeframe, an application from an owner of securities being bought out fails to be received as per the procedure set forth in 6.3.2 below, or should the received application omit required banking details or a money order address for the transfer of funds, then VimpelCom Ltd. will transfer the funds to a deposit held by a notary, information on whom is provided in 6.3.5 below.

6.1.5.	Other additional terms and conditions	Not applicable

VimpelCom Limited

Unaudited Combined Statement of Income (Pro-forma)

	Three months endedMarch 31, 2010
	(In thousands of US dollars)
Operating revenues:
Service revenues	2,498,176
Sales of equipment and accessories	28,424
Other revenues	9,992
Total operating revenues	2,536,592
Revenue based tax	(1,633	)
Net operating revenues	2,534,959
Operating expenses:
Service costs	536,783
Cost of equipment and accessories	31,594
Selling, general and administrative expenses	741,090
Depreciation	408,117
Amortization	134,075
Impairment loss	612
Provision for doubtful accounts	20,585
Total operating expenses	1,872,856
Operating income	662,103
Other income and expenses:
Interest income	15,113
Net foreign exchange (loss)/gain	100,365
Interest expense	(141,844	)
Equity in net gain/(loss) of associates	(3,784	)
Other (expenses)/income, net	(48,487	)
Total other income and expenses	(78,637	)
Income before income taxes	583,466
Income tax expense	161,079
Net income/(loss)	422,387
Net income/(loss) attributable to the noncontrolling interest	10,166
Net income/(loss) attributable to VimpelCom	412,221

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

OJSC VimpelCom Unaudited Condensed Consolidated Statement of Income


6.2.	Type/class/series of securities being bought out	Not applicable

Terms and Conditions of Buyout of Such Type/Class of Securities Issued in Series

6.2.1.	The proposed price of securities being bought out or the method for the determination of such price	Not applicable

6.2.2.	Substantiation of the proposed price of the securities being bought out, including information on the compliance of the proposed price of securities being bought out with Article 84.8(4) of the Federal Law “On Joint Stock Companies”	Not applicable

6.2.3.	Consideration in cash for securities being bought out	Not applicable

6.2.4.	Period for, and method of, payment in cash for securities being bought out	Not applicable

6.2.5.	Other additional terms and conditions	Not applicable

6.3.	Other Terms and Conditions of Buyout of Securities Issued in Series

6.3.1.	Date as of which the list of owners of securities being bought out will be compiled	July 14 (the fourteenth), 2010

6.3.2.	Deadline for receiving applications, by the person making the squeeze-out demand to purchase securities of the open joint stock compnay, from owners of securities being bought out, with bank details or money order addresses to be used for the transfer of funds owing for securities being bought out	Applications containing information about the bank details or money order address for a postal money order for the transfer of funds for securities being bought out to the owners of securities of the open joint stock company, should be received no later than the date as of which the list of owners of securities being bought out will be compiled, as defined in 6.3.1 above. The applications should be sent or provided by the owners of securities to addresses specified in 6.3.3 and 6.3.4 below.

6.3.3.	Mailing address for sending applications from owners of securities being bought out, with bank details or money order addresses to be used for the transfer of funds or for a postal money order for securities being bought out	VimpelCom Ltd., c/o Closed Joint Stock Company “THE NATIONAL REGISTRY COMPANY”, Head Office, 6 Veresaev Street, Moscow 121357, Russian Federation

6.3.4.	Address to which applications from owners of securities being bought out, with bank details or money order addresses to be used for the transfer of funds or for a postal money order for securities being bought out, may be delivered in person	VimpelCom Ltd., c/o Closed Joint Stock Company “THE NATIONAL REGISTRY COMPANY”, Head Office, 6 Veresaev Street, Moscow 121357, Russian Federation

	Three months ended March 31,
	2010			2009
	(In thousands of US dollars)
Operating revenues:
Service revenues	$	2,202,629		$	1,942,761
Sales of equipment and accessories		26,579			28,680
Other revenues		3,553			3,836
Total operating revenues		2,232,761			1,975,277
Revenue based tax		(1,633	)		(2,262	)
Net operating revenues		2,231,128			1,973,015
Operating expenses:
Service costs		501,588			440,237
Cost of equipment and accessories		26,350			28,666
Selling, general and administrative expenses		632,406			537,541
Depreciation		352,553			308,637
Amortization		66,694			72,601
Provision for doubtful accounts		18,643			17,861
Total operating expenses		1,598,234			1,405,543
Operating income		632,894			567,472
Other income and expenses:
Interest income		11,546			14,813
Net foreign exchange (loss)/gain		104,934			(745,763	)
Interest expense		(141,660	)		(137,393	)
Equity in net gain/(loss) of associates		(3,784	)		(35,312	)
Other (expenses)/income, net		(48,345	)		(5,473	)
Total other income and expenses		(77,309	)		(909,128	)
Income before income taxes		555,585			(341,656	)
Income tax expense		153,049			(34,100	)
Net income/(loss)		402,536			(307,556	)
Net income/(loss) attributable to the noncontrolling interest		10,166			(10,924	)
Net income/(loss) attributable to OJSC VimpelCom	$	392,370		$	(296,632	)

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

OJSC VimpelCom Unaudited Condensed Consolidated Balance Sheets



6.3.5.	Information concerning the notary holding the deposit account for transfers of funds owing for securities being bought out in the situation defined in Aricle 84.8(7) of the Federal Law “On Joint Stock Companies”	(1) Moscow-based notary public Nikolai Viktorovich Repin (2) License 77 No 000098 dated March 1, 2001, issued by the Main Department of Justice of the city of Moscow; Order No 229-ch dated September 5, 2001 (3) Legal address: 20/9 Profsoyuznaya St., Moscow,117292, the Russian Federation (4) TIN 773102150815 (5) Telephone / fax: • +7 (499) 125-21-77 • +7 (499) 125-36-69 • +7 (495) 661-46-24 (6) Banking details: • Account No. 40802810638110100965 • Correspondent account No. 30101810400000000225 • Joint stock commercial Savings Bank of the Russian Federation (open joint stock company), Donskoi Branch No 7813, Russia’s Savings Bank Bank identification code 044525225

VII. Other Additional Information Disclosed in the Squeeze-Out Demand to Purchase Securities Issued by the Open Joint Stock Company in Series

7.1.	Details of the registrar of OJSC VimpelCom	(1) The registrar’s name: • Full name: Closed Joint Stock Company “THE NATIONAL REGISTRY COMPANY”; • Abbreviated name: NRC (2) Registered / mailing address: 6 Veresaev Street, Moscow 121357, Russian Federation; (3) Main State Registration Number (OGRN) 1027739063087 (4) Taxpayer Identification Number (INN) 7705038503 (5) Registration Reason Code (KPP) 773101001 (6) Details of its license to maintain a register: • Date of issue: September 6, 2002; • No. 10-000-1-00252; • Form number: Series 03 No. 000397; • Period of validity: perpetual; • Issued by the Russian Federal Commission for the Securities Market; and • Signed by I.V. Kostikov, Chairman, Russian Federal Commission for the Securities Market.

	March 31, 2010			December 31, 2009
	(In thousands of US dollars, except share amounts)
Assets
Current assets:
Cash and cash equivalents	$	1,529,605		$	1,446,949
Trade accounts receivable, net of allowance for doubtful accounts		449,599			392,365
Inventory		63,310			61,919
Deferred income taxes		89,178			91,493
Input value added tax		135,285			96,994
Due from related parties		187,260			249,631
Other current assets		430,640			627,257
Total current assets		2,884,877			2,966,608
Property and equipment, net		5,556,235			5,561,569
Telecommunications licenses, net		535,024			542,597
Goodwill		3,674,705			3,284,293
Other intangible assets, net		689,289			700,365
Software, net		441,514			448,255
Investments in associates		432,562			436,767
Other assets		817,685			792,087
Total assets	$	15,031,891		$	14,732,541
Liabilities, redeemable noncontrolling interest and equity
Current liabilities:
Accounts payable	$	525,013		$	545,690
Due to employees		156,019			113,368
Due to related parties		9,998			9,211
Accrued liabilities		399,918			315,666
Taxes payable		337,437			212,767
Customer advances, net of VAT		315,088			376,121
Customer deposits		29,109			28,386
Short-term debt		1,356,396			1,813,141
Total current liabilities		3,128,978			3,414,350
Deferred income taxes		544,932			596,472
Long-term debt		5,291,747			5,539,906
Other non-current liabilities		178,118			164,636
Commitments, contingencies and uncertainties		—			—
Total liabilities		9,143,775			9,715,364
Redeemable noncontrolling interest		511,942			508,668
Equity:
Convertible voting preferred stock (.005 rubles nominal value per share), 10,000,000 shares authorized; 6,426,600 shares issued and outstanding		—			—
Common stock (.005 rubles nominal value per share), 90,000,000 shares authorized; 51,281,022 shares issued (December 31, 2009: 51,281,022); 50,714,662 shares outstanding (December 31, 2009: 50,714,579)		92			92
Additional paid-in capital		1,152,515			1,143,657
Retained earnings		4,466,862			4,074,492
Accumulated other comprehensive (loss)		(418,444	)		(488,277	)
Treasury stock, at cost, 566,360 shares of common stock (December 31, 2009: 566,443)		(223,406	)		(223,421	)
Total OJSC VimpelCom shareholders’ equity		4,977,619			4,506,543
Noncontrolling interest		398,555			1,966
Total equity		5,376,174			4,508,509
Total liabilities, redeemable noncontrolling interest and equity	$	15,031,891		$	14,732,541

~~VimpelCom~~Prepared ~~Ltd~~using -the ~~First~~system ~~Quarter~~GARANT ~~2010 Pro Forma Operating Results and Selected Financial Data~~

~~OJSC~~1 ~~VimpelCom~~Specify ~~Unaudited~~as ~~Condensed~~a ~~Consolidated~~percentage ~~Statements~~of all issued and outstanding shares of ~~Cash~~common ~~Flows~~ stock with an accuracy to at least two decimal places.

	Three months endedMarch 31,
	2010			2009
	(In thousands of US dollars)
Operating activities
Net cash provided by operating activities		803,279			838,187
Investing activities
Purchases of property and equipment		(144,113	)		(148,834	)
Purchases of intangible assets		(8,503	)		(8,759	)
Purchases of software		(57,379	)		(42,816	)
Cash increase due to Sky Mobile consolidation		4,702			—
Loan granted		(5,044	)		—
Proceeds from withdrawal of deposits		225,743			—
Purchases of other assets, net		(8,051	)		(3,049	)
Net cash used in investing activities		7,355			(203,458	)
Financing activities
Proceeds from bank and other loans		203,227			—
Repayments of bank and other loans		(927,551	)		(525,992	)
Payments of fees in respect of debt issues		(83	)		(8,166	)
Purchase of noncontrolling interest in consolidated subsidiaries		(2,294	)		—
Payment of dividends		(2,049	)		—
Payment of dividends to noncontrolling interest		(7,874	)		—
Net cash (used in)/provided by financing activities		(736,624	)		(534,158	)
Effect of exchange rate changes on cash and cash equivalents		8,646			(49,099	)
Net increase/(decrease) in cash and cash equivalents		82,656			51,472
Cash and cash equivalents at beginning of period		1,446,949			914,683
Cash and cash equivalents at end of period	$	1,529,605		$	966,155

²	Specify as a percentage of all issued and outstanding preferred shares with an accuracy to at least two decimal places.

³	Specify as a percentage of all issued and outstanding shares specified in Article 84.1(1) of the Federal Law “On Joint Stock Companies,” with an accuracy to at least two decimal places.

[Back of the last page]

[Label securing the thread binding the document, and displaying the following text in italics:]

Seventeen (17) pages bound and numbered

[signed] [signed]

~~VimpelCom~~Exhibit ~~Ltd~~99.4 ~~- First Quarter 2010 Pro Forma Operating Results and Selected Financial Data~~

~~OJSC~~Recommendations ~~VimpelCom Unaudited Consolidated Statements of Cash Flows (Continued)~~

	Three months endedMarch 31,
	2010			2009
	(In thousands of US dollars)
Supplemental cash flow information
Cash paid during the period:
Income tax	$	175,208		$	30,850
Interest		118,217			88,492
Non-cash activities:
Accounts payable for property, equipment and other long-lived assets		(138,899	)		308,273

of the Board of Directors of Open Joint Stock Company “Vimpel-Communications” (OJSC VimpelCom)

17Regarding the Squeeze-out Demand Received from VimpelCom Ltd. with Respect to Securities Issued by

OJSC VimpelCom ~~Ltd - First Quarter 2010 Pro Forma Operating Results and Selected Financial Data~~

~~Attachment~~In connection C:with ~~Reconciliation~~the ~~Tables~~squeeze-out demand (~~Unaudited~~the “Squeeze-out Demand”) received by OJSC VimpelCom on May 25, 2010 from its shareholder VimpelCom Ltd., which demand is made with respect to registered shares of OJSC VimpelCom common stock under Article 84.8 of Federal Law No. 208-FZ “On Joint Stock Companies,” dated December 26, 1995 (the “JSC Law”), the Board of Directors of OJSC VimpelCom (the “Board”) notes as follows:

~~Reconciliation~~1. The Squeeze-Out Demand bears a stamp of ~~Combined~~Russia’s ~~Adjusted~~Federal ~~OIBDA~~Service for Financial Markets dated May 7, 2010, evidencing that prior notification has been made in accordance with Article 84.9(~~pro-forma~~1) of the JSC Law.

2. The market value of OJSC VimpelCom shares to be purchased, as determined by an independent appraiser (as per Report No. 1138/10 of May 5, 2010 on the Appraisal of the Market Value of One Common Share in OJSC VimpelCom, prepared by a consortium comprising Limited Liability Company Institut Problem Predprinimatelstva and ZAO Deloitte and Touche CIS and signed by appraisers S.R. Edomsky and Ye.A. Burdaeva and by Ye.V. Popov, a partner at ZAO Deloitte and Touche CIS, with the seal of Limited Liability Company Institut Problem Predprinimatelstva and the signature of its Director, N.Yu. Mochulovskaya, affixed thereto), is eleven thousand eight hundred (11,800) rubles per registered share of OJSC VimpelCom common stock. The price of OJSC VimpelCom shares which is specified in the Squeeze-out Demand as the price at which shares will be purchased by VimpelCom Ltd., is eleven thousand eight hundred (11,800) rubles per share to be purchased. In ~~millions~~addition, (i) the purchase price specified for OJSC VimpelCom shares in the Squeeze-out Demand exceeds the price at which such shares were purchased under the relevant voluntary tender offer to acquire all securities issued by OJSC VimpelCom and covered by Article 84.2(1) of ~~US$~~the JSC Law, which offer resulted in the ownership of more than 95% of all shares of OJSC VimpelCom by VimpelCom Ltd., and (ii) in accordance with the terms of the Squeeze-out Demand, neither VimpelCom Ltd. nor any of its affiliates has, at any time after the expiration of the period of acceptance of said voluntary tender offer, purchased or agreed to purchase any securities to be purchased thereunder, except for the purchase of OJSC VimpelCom securities as a result of the acceptance of, and on the terms of, said voluntary tender offer.

VimpelCom Ltd. (Pro-forma), OIBDA, US$ mln	1Q 10
Adjusted OIBDA	1,205
Depreciation	(408	)
Amortization	(134	)
Impairment loss	(1	)
Operating income	662
Interest income	15
Net foreign exchange gain/(loss)	100
Interest expense	(142	)
Equity in net gain/(loss) of associates	(4	)
Other (expense)/income, net	(48	)
Income tax expense	(161	)
Net income/(loss)	422

3. The purchase price specified for registered shares of OJSC VimpelCom common stock in the Squeeze-out Demand complies with Article 84.8(4) of the JSC Law.

~~Reconciliation~~In view of ~~Combined~~the ~~Adjusted~~above ~~OIBDA~~and ~~Margin~~in ~~(pro~~accordance with Articles 84.3 and 84.8 of the JSC Law, the Board adopted the following recommendations regarding the Squeeze-~~forma)~~out Demand:

VimpelCom Ltd. (Pro-forma), %	1Q 10
Adjusted OIBDA margin as a percentage of net operating revenues	47.5	%
Depreciation	(16.1	)%
Amortization	(5.3	)%
Impairment loss	0.0	%
Operating income	26.1	%
Interest income	0.6	%
Net foreign exchange gain/(loss)	3.9	%
Interest expense	(5.6	)%
Equity in net gain/(loss) of associates	(0.2	)%
Other (expense)/income, net	(1.9	)%
Income tax expense	(6.3	)%
Net income/(loss)	16.6	%

1. The purchase price of OJSC VimpelCom shares to be purchased, which is specified in the Squeeze-out Demand to be eleven thousand eight hundred (11,800) rubles per registered share of OJSC VimpelCom common stock, is determined to be in compliance with Article 84.8(4) of the JSC Law.

182. Under applicable Russian law, the receipt by OJSC VimpelCom of the Squeeze-out Demand from its majority shareholder does not require any actions to be performed by the remaining shareholders of OJSC VimpelCom, except for the possibility for them to send to the address specified in the Squeeze-out Demand an application with bank details or money order address to be used for the transfer of funds for purchase of such securities. Under the Squeeze-out Demand, the date as of which the list of owners of securities being bought out will be compiled is July 14, 2010 – from this date, no transfer or encumbrance of such securities is permitted, and all operations with such securities are blocked on the shareholder register of OJSC VimpelCom.

~~VimpelCom~~Attachments: ~~Ltd - First Quarter 2010 Pro Forma Operating Results and Selected Financial Data~~

~~Reconciliation~~(1) ofSqueeze-Out ~~Consolidated~~Demand ~~Adjusted OIBDA of OJSC VimpelCom~~

(In2) ~~millions~~ Conclusion of ~~US$)~~the independent appraiser’s report

OJSC VimpelCom, OIBDA, US$ mln	1Q 10		1Q 09		4Q 09
Adjusted OIBDA	1,052		949		1,088
Depreciation	(352	)	(309	)	(393	)
Amortization	(67	)	(73	)	(87	)
Operating income	633		567		608
Interest income	12		15		10
Net foreign exchange gain/(loss)	105		(746	)	(14	)
Interest expense	(142	)	(137	)	(164	)
Equity in net gain/(loss) of associates	(4	)	(35	)	(10	)
Other (expense)/income, net	(48	)	(6	)	(24	)
Income tax expense	(153	)	34		(125	)
Net income/(loss)	403		(308	)	281

(3) Form of application for money transfer

~~Reconciliation~~(4) ofCover ~~Consolidated~~letter ~~Adjusted~~to ~~OIBDA Margin of~~ OJSC VimpelCom shareholders

OJSC VimpelCom, OIBDA Margin, %	1Q 10		1Q 09		4Q 09
Adjusted OIBDA margin as a percentage of net operating revenues	47.2	%	48.1	%	47.1	%
Depreciation	(15.8	)%	(15.7	)%	(17.0	)%
Amortization	(3.0	)%	(3.7	)%	(3.8	)%
Operating income	28.4	%	28.7	%	26.3	%
Interest income	0.5	%	0.8	%	0.4	%
Net foreign exchange gain/(loss)	4.7	%	(37.8	)%	(0.6	)%
Interest expense	(6.4	)%	(6.9	)%	(7.1	)%
Equity in net gain/(loss) of associates	(0.2	)%	(1.8	)%	(0.4	)%
Other (expense)/income, net	(2.0	)%	(0.3	)%	(1.0	)%
Income tax expense	(6.9	)%	1.7	%	(5.4	)%
Net income/(loss)	18.1	%	(15.6	)%	12.2	%

Exhibit 99.5

19To: Directors of VimpelCom Ltd.

~~VimpelCom~~Dear ~~Ltd - First Quarter 2010 Pro Forma Operating Results and Selected Financial Data~~ Sirs:

~~Reconciliation~~Pursuant ofto ~~Consolidated~~agreement ~~Adjusted~~No. 56/O ~~OIBDA~~dated April 9, 2010, valuers from Limited Liability Company “Institut Problem Predprinimatelstva” in consortium with ZAO Deloitte & Touche CIS determined the market value of ~~Kyivstar~~one common share in Open Joint Stock Company Vimpel-Communications (“OJSC VimpelCom”), hereinafter referred to as a “Share.”

~~(In~~The ~~millions~~purpose of ~~US$)~~the valuation and the anticipated use of the results of the valuation: the determination of the market value of a Share for the purpose of purchasing shares.

KYIVSTAR, OIBDA US$ mln	1Q 10		1Q 09		4Q 09
Adjusted OIBDA	164		189		194
Depreciation	(56	)	(60	)	(54	)
Amortization	(67	)	(82	)	(78	)
Impairment loss	(1	)	(7	)	(10	)
Operating income	40		40		52
Interest income	4		36		5
Net foreign exchange gain/(loss)	(5	)	(10	)	(2	)
Interest expense	0		(3	)	0
Equity in net gain/(loss) of associates	0		0		0
Other (expense)/income, net	0		0		0
Income tax expense	(11	)	(15	)	(13	)
Net income/(loss)	28		48		42

Upon completion of the valuation, the valuers have concluded that:

~~Reconciliation~~Subject to all assumptions and qualifications stated in the Report, the market value of ~~Consolidated~~one ~~Adjusted~~common ~~OIBDA~~share ~~Margin~~in OJSC VimpelCom determined as of February 28, ~~Kyivstar~~2010 after its rounding in accordance with the applicable arithmetic rules and subject to the accuracy of the input data is

KYIVSTAR, OIBDA Margin,%	1Q 10		1Q 09		4Q 09
Adjusted OIBDA margin as a percentage of net operating revenues	50.9	%	53.8	%	53.6	%
Depreciation	(17.4	)%	(17.1	)%	(14.9	)%
Amortization	(20.8	)%	(23.4	)%	(21.5	)%
Impairment loss	(0.3	)%	(2.0	)%	(2.8	)%
Operating income	12.4	%	11.4	%	14.4	%
Interest income	1.2	%	10.3	%	1.4	%
Net foreign exchange gain/(loss)	(1.5	)%	(2.8	)%	(0.6	)%
Interest expense	0.0	%	(0.9	)%	0.0	%
Equity in net gain/(loss) of associates	0.0	%	0.0	%	0.0	%
Other (expense)/income, net	0.0	%	0.0	%	0.0	%
Income tax expense	(3.4	)%	(4.3	)%	(3.6	)%
Net income/(loss)	8.7	%	13.7	%	11.6	%

eleven thousand eight hundred (11,800) rubles.

20A detailed analysis and calculation of the market value of one common share in OJSC VimpelCom are provided in this Report, all parts of which must be interpreted together and not separately, with due regard to all assumptions and qualifications stated in the Report.

~~VimpelCom~~Note ~~Ltd~~that -this ~~First~~letter forms ~~Quarter~~an ~~2010~~integral ~~Pro~~part ~~Forma~~of ~~Operating~~the ~~Results~~Report ~~and~~that ~~Selected~~follows. ~~Financial Data~~

~~Reconciliation~~If ofyou ~~Consolidated~~have ~~Adjusted~~any ~~OIBDA~~questions ofregarding ~~Kyivstar~~the Report we will be happy to give you any further necessary explanations at your convenience.

~~(In~~[signed] ~~millions~~[stamp of ~~UAH)~~Limited Liability Company “Institut Problem Predprinimatelstva”]

KYIVSTAR, UAH mln	1Q 10		1Q 09		4Q 09
Adjusted OIBDA	1,307		1,456		1,549
Depreciation	(444	)	(460	)	(434	)
Amortization	(538	)	(630	)	(627	)
Impairment loss	(5	)	(55	)	(74	)
Operating income	320		311		414
Interest income	28		280		43
Net foreign exchange gain/(loss)	(36	)	(77	)	(13	)
Interest expense	(1	)	(26	)	(1	)
Equity in net gain/(loss) of associates	0		0		0
Other (expense)/income, net	(1	)	0		(4	)
Income tax expense	(86	)	(118	)	(106	)
Net income/(loss)	224		370		333

N.Yu. Mochulovskaya

~~Reconciliation of Consolidated Adjusted OIBDA Margin of Kyivstar~~ Director

~~(based~~Limited onLiability ~~UAH~~Company ~~million~~“Institut ~~OIBDA)~~Problem Predprinimatelstva”

KYIVSTAR, OIBDA Margin, %	1Q 10		1Q 09		4Q 09
Adjusted OIBDA margin as a percentage of net operating revenues	50.8	%	53.9	%	53.6	%
Depreciation	(17.3	)%	(17.0	)%	(15.0	)%
Amortization	(20.9	)%	(23.3	)%	(21.7	)%
Impairment loss	(0.2	)%	(2.1	)%	(2.6	)%
Operating income	12.4	%	11.5	%	14.3	%
Interest income	1.1	%	10.4	%	1.5	%
Net foreign exchange gain/(loss)	(1.4	)%	(2.8	)%	(0.5	)%
Interest expense	0.0	%	(1.0	)%	(0.0	)%
Equity in net gain/(loss) of associates	0.0	%	0.0	%	0.0	%
Other (expense)/income, net	0.0	%	0.0	%	(0.1	)%
Income tax expense	(3.3	)%	(4.4	)%	(3.7	)%
Net income/(loss)	8.7	%	13.7	%	11.5	%

Exhibit 99.6

21VimpelCom Ltd. Strawinskylaan 3051, 1077 ZX Amsterdam, the Netherlands From the shareholder Open Joint Stock Company Vimpel-Communications (last name, first name, patronymic / name of legal entity) Passport or Registration Certification of a legal entity:

~~VimpelCom~~series ~~Ltd~~No. -Issued ~~First~~by: ~~Quarter~~Date ~~2010 Pro Forma Operating Results and Selected Financial Data~~ issued

~~Reconciliation~~Residence ofaddress ~~OJSC~~(registered ~~VimpelCom~~address ~~Consolidated~~of ~~Net~~the ~~Debt~~legal ~~(as~~entity): ofContact ~~March 31, 2010)~~ phone/fax:

~~(In~~Contact ~~millions of US$)~~ person:

OJSC VimpelCom Net Debt	1Q 10
Net debt	4,928
Long-term debt	5,292
Short-term debt	1,356
Cash and cash equivalents	(1,530	)
Short-term investments	(190	)

APPLICATION

~~Attachment~~Pursuant to D:Article ~~Capex~~84.8(6) of the Federal Law On Joint Stock Companies please transfer the cash for the purchased common shares of the Open Joint Stock Company Vimpel-Communications owned by me as designated below (check as ~~Development~~appropriate):

CAPEX (in US$ millions)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Total capex OJSC VimpelCom	179.3	113.0	58.7	%	422.7	-57.6	%
Russia	123.9	90.5	36.9	%	331.5	-62.6	%
CIS	38.3	9.5	303.2	%	68.1	-43.8	%
Kazakhstan	5.9	3.3	78.8	%	19.5	-69.7	%
Ukraine (URS+GT)	6.0	2.9	106.9	%	11.0	-45.5	%
Armenia	3.1	0.2	1450.0	%	7.8	-60.3	%
Uzbekistan	17.9	1.1	1527.3	%	21.1	-15.2	%
Tajikistan	0.1	0.4	-75.0	%	5.4	-98.1	%
Georgia	4.3	1.6	168.8	%	3.3	30.3	%
Kyrgyzstan	1.0	—	n/a		—	n/a
SEA	16.9	12.9	31.0	%	22.8	-25.9	%
Kyivstar	55.8	42.3	31.9	%	41.7	33.8	%


¨		- by postal money order to the following address:

22or

~~VimpelCom~~¨ ~~Ltd~~ - ~~First~~by ~~Quarter~~wire ~~2010~~transfer ~~Pro~~to ~~Forma~~the ~~Operating~~following ~~Results~~bank ~~and~~account: ~~Selected~~Beneficiary ~~Financial~~(office ~~Data~~of the bank)

~~Attachment~~TIN E:of ~~OJSC~~the ~~VimpelCom~~Beneficiary ~~Financial~~(office ~~and~~of ~~Operational~~the ~~highlights – CIS~~ bank)

~~Revenues~~Settlement ~~Development~~account of the office of the bank:

KAZAKHSTAN (KZT mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	23,555	21,373	10.2	%	25,564	-7.9	%
Mobile	23,079	21,055	9.6	%	25,151	-8.2	%
Fixed	476	318	49.7	%	413	15.3	%
UKRAINE (URS+GT) (UAH mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	359	365	-1.6	%	385	-6.8	%
Mobile	183	198	-7.6	%	190	-3.7	%
Fixed	176	167	5.4	%	195	-9.7	%
ARMENIA (AMD mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	16,016	17,066	-6.2	%	18,202	-12.0	%
Mobile	5,787	6,888	-16.0	%	7,046	-17.9	%
Fixed	10,229	10,178	0.5	%	11,156	-8.3	%
UZBEKISTAN (US$ mln)*	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	45.3	58.5	-22.6	%	50.2	-9.8	%
Mobile	42.9	55.5	-22.7	%	47.5	-9.7	%
Fixed	2.4	3.0	-20.0	%	2.7	-11.1	%
TAJIKISTAN (US$ mln)*	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	14.8	14.4	2.8	%	15.6	-5.1	%
Mobile	13.3	14.4	-7.6	%	15.6	-14.7	%
Fixed	1.5	—			—
GEORGIA (GEL mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	18.8	10.1	86.1	%	17.1	9.9	%
Mobile	18.3	10.1	81.2	%	17.1	7.0	%
Fixed	0.5	—			—
KYRGYZSTAN (KGS mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Mobile net operating revenues	1,138	—	n/a		—	n/a
CIS REVENUES** (US$ mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	339.8	332.6	2.2	%	341.6	-0.5	%
Mobile	283.8	274.3	3.5	%	282.8	0.4	%
Fixed	56.0	58.3	-3.9	%	58.8	-4.8	%



Name of the bank:

*BIC ~~US$~~of is the ~~functional~~bank: ~~currency~~Correspondent ~~in Uzbekistan and Tajikistan.~~account:

23Personal account number of the individual seller:

~~VimpelCom~~SEAL ~~Ltd~~(for -legal ~~First~~entities) ~~Quarter~~Shareholder’s ~~2010 Pro Forma Operating Results and Selected Financial Data~~ signature

** , ~~Mobile~~2010 ~~and fixed revenues for all periods were recalculated – please see definition of reportable segments in Attachment A.~~

24For official use only

~~VimpelCom~~The ~~Ltd~~application -was ~~First~~accepted ~~Quarter 2010 Pro Forma Operating Results~~ and ~~Selected~~registered ~~Financial~~on , ~~Data~~2010.

OIBDA Development

KAZAKHSTAN (KZT mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	13,069		10,964		19.2	%	14,083		-7.2	%
Mobile	13,008		10,960		18.7	%	14,082		-7.6	%
Fixed	61		4		1425.0	%	1		6000.0	%
Adjusted OIBDA margin, %	55.5	%	51.3	%			55.1	%
UKRAINE (URS+GT) (UAH mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	80.7		49.8		62.0	%	60.8		32.7	%
Mobile	28.3		9.9		185.9	%	18.7		51.3	%
Fixed	52.4		39.9		31.3	%	42.1		24.5	%
Adjusted OIBDA margin, %	22.5	%	13.6	%			15.8	%
ARMENIA (AMD mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	7,348		8,849		-17.0	%	8,748		-16.0	%
Mobile	2,377		3,407		-30.2	%	2,902		-18.1	%
Fixed	4,971		5,442		-8.7	%	5,846		-15.0	%
Adjusted OIBDA margin, %	45.9	%	51.9	%			48.1	%
UZBEKISTAN (US$ mln)*	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	19.6		33.1		-40.8	%	23.0		-14.8	%
Mobile	18.6		31.9		-41.7	%	22.0		-15.5	%
Fixed	1.0		1.2		-16.7	%	1.0		0.0	%
Adjusted OIBDA margin, %	43.3	%	56.6	%			45.8	%
TAJIKISTAN (US$ mln)*	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	4.4		4.9		-10.2	%	7.1		-38.0	%
Mobile	4.1		4.9		-16.3	%	7.1		-42.3	%
Fixed	0.3		—		n/a		—		n/a
Adjusted OIBDA margin, %	29.7	%	34.0	%			45.5	%
GEORGIA (GEL mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA Total	2.0		-0.9		n/a		0.6		233.3	%
Mobile	1.93		-0.9		n/a		0.6		221.7	%
Fixed	0.03		—		n/a		—		n/a
Adjusted OIBDA margin, %	10.6	%	n/a				3.5	%
KYRGYZSTAN (KGS mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted Mobile OIBDA	426		—		n/a		—		n/a
Adjusted Mobile OIBDA margin, %	37.4	%	—		n/a		—		n/a
CIS OIBDA (US$ mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	152.4		149.7		1.8	%	154.7		-1.5	%
Mobile	131.1		126.6		3.6	%	133.1		-1.5	%
Fixed	21.3		23.1		-7.8	%	21.6		-1.4	%
Adjusted OIBDA margin, %	44.8	%	45.0	%			45.3	%

* US$ is the functional currency in Uzbekistan and Tajikistan.

VimpelCom Ltd - First Quarter 2010 Pro Forma Operating Results and Selected Financial Data

Operating Highlights

KAZAKHSTAN	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Mobile subscriptions (‘000)	6,062	6,377	-4.9	%	6,135	-1.2	%
MOU, min	102.2	81.1	26.0	%	102.3	-0.1	%
ARPU mobile, US$	8.4	7.8	7.7	%	8.5	-1.2	%
ARPU mobile, (KZT)	1,264	1,099	15.0	%	1,279	-1.2	%
Broadband internet subscriptions (‘000)	2.7	0.2	1250.0	%	1.3	107.7	%
UKRAINE (URS+GT)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Mobile subscriptions (‘000)	1,951	1,894	3.0	%	2,005	-2.7	%
MOU, min	197.2	213.3	-7.5	%	201.3	-2.0	%
ARPU mobile, US$	3.8	4.5	-15.6	%	3.9	-2.6	%
ARPU mobile, (UAH)	32.4	34.6	-6.4	%	31.9	1.6	%
Broadband internet subscriptions (‘000)	133.8	39.6	237.9	%	109.3	22.4	%
ARMENIA	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Mobile subscriptions (‘000)	549	481	14.1	%	545	0.7	%
MOU, min	345.6	174.7	97.8	%	268.2	28.9	%
ARPU mobile, US$	9.0	13.9	-35.3	%	11.5	-21.7	%
ARPU mobile, (AMD)	3,478	4,574	-24.0	%	4,433	-21.5	%
Broadband internet subscriptions (‘000)	31.2	15.3	103.9	%	26.2	19.1	%
UZBEKISTAN	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Mobile subscriptions (‘000)	3,489	3,653	-4.5	%	3,515	-0.7	%
MOU, min	369.2	238.6	54.7	%	387.3	-4.7	%
ARPU mobile, US$	4.2	5.2	-19.2	%	4.6	-8.7	%
Broadband internet subscriptions (‘000)	10.0	6.8	47.1	%	9.0	11.1	%
TAJIKISTAN	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Mobile subscriptions (‘000)	820	722	13.6	%	743	10.4	%
MOU, min	157.9	171.7	-8.0	%	173.6	-9.0	%
ARPU mobile, US$	5.6	7.1	-21.1	%	7.2	-22.2	%
GEORGIA	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Mobile subscriptions (‘000)	431	246	75.2	%	399	8.0	%
MOU, min	125.0	121.2	3.1	%	131.1	-4.7	%
ARPU mobile, US$	7.5	8.4	-10.7	%	8.4	-10.7	%
ARPU mobile, (GEL)	13.7	14.0	-2.1	%	15.2	-9.9	%
KYRGYZSTAN	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Mobile subscriptions (‘000)	1,774	—			—
MOU, min	193.9	—			—
ARPU mobile, US$	4.7	—			—
ARPU mobile, (KGS)	208	—			—

VimpelCom Ltd - First Quarter 2010 Pro Forma Operating Results and Selected Financial Data

* We no longer provide information on subscriptions market share, because different churn policies used by mobile service providers result in reported subscriptions market share figures that are not representative.

Attachment F: Key Financial Results in US Dollars

OJSC VimpelCom — Russia

RUSSIA (US$ millions)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Net operating revenues	1,919		1,661		15.5	%	1,996		-3.9	%
Adjusted OIBDA	907		803		13.0	%	941		-3.6	%
Adjusted OIBDA margin, %	47.3	%	48.3	%			47.1	%
Operating income	586		522		12.3	%	590		-0.7	%
Operating income margin, %	30.5	%	31.4	%			29.6	%
SG&A	529		441		20.0	%	578		-8.5	%
including Sales & Marketing Expenses	166		132		25.8	%	191		-13.1	%
including General & Administrative Costs	363		309		17.5	%	387		-6.2	%
SG&A percentage	27.6	%	26.6	%			29.0	%
Net income (loss) attributable to OJSC VimpelCom	386		-244		n/a		313		23.3	%
RUSSIA REVENUES (US$ millions)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Net operating revenues	1,919		1,661		15.5	%	1,996		-3.9	%
Mobile revenues	1,602		1,344		19.2	%	1,660		-3.5	%
Fixed-line revenues	317		317		0.0	%	336		-5.7	%
RUSSIA OIBDA DEVELOPMENT (US$ millions)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	907		803		13.0	%	941		-3.6	%
Mobile	816		695		17.4	%	843		-3.2	%
Fixed-line	91		108		-15.7	%	98		-7.1	%
Adjusted total OIBDA margin, %	47.3	%	48.3	%			47.1	%
Mobile, %	50.9	%	51.7	%			50.8	%
Fixed-line, %	28.7	%	34.1	%			29.2	%

* Please find information on respective operating income amounts in the supplementary file FinancialOperatingQ12010.xls on our website at http://www.vimpelcom.com/news/qrep.wbp.

VimpelCom Ltd - First Quarter 2010 Pro Forma Operating Results and Selected Financial Data

Kyivstar — Ukraine

KYIVSTAR (US$ millions)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Net operating revenues	322		351		-8.3	%	362		-11.0	%
Adjusted OIBDA	164		189		-13.2	%	194		-15.5	%
Adjusted OIBDA margin, %	50.9	%	53.8	%			53.6	%
Operating income	40		40		0.0	%	52		-23.1	%
Operating income margin, %	12.4	%	11.4	%			14.4	%
SG&A	98		99		-1.0	%	98		0.0	%
including Sales & Marketing Expenses	17		18		-5.6	%	24		-29.2	%
including General & Administrative Costs	81		81		0.0	%	74		9.5	%
SG&A percentage	30.4	%	28.2	%			27.1	%
Net income (loss) attributable to Kyivstar	28		48		-41.7	%	42		-33.3	%

VimpelCom Ltd - First Quarter 2010 Pro Forma Operating Results and Selected Financial Data

OJSC VimpelCom — CIS Revenues in US$

KAZAKHSTAN (US$ mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	159.5	153.9	3.6	%	170.4	-6.4	%
Mobile	156.3	151.6	3.1	%	167.7	-6.8	%
Fixed	3.2	2.3	39.1	%	2.7	18.5	%
UKRAINE (URS+GT) (US$ mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	44.9	47.4	-5.3	%	48.1	-6.7	%
Mobile	22.9	25.7	-10.9	%	23.8	-3.8	%
Fixed	22.0	21.7	1.4	%	24.3	-9.5	%
ARMENIA (US$ mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	41.7	52.7	-20.9	%	47.3	-11.8	%
Mobile	15.1	21.3	-29.1	%	18.3	-17.5	%
Fixed	26.6	31.4	-15.3	%	29.0	-8.3	%
UZBEKISTAN (US$ mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	45.3	58.5	-22.6	%	50.2	-9.8	%
Mobile	42.9	55.5	-22.7	%	47.5	-9.7	%
Fixed	2.4	3.0	-20.0	%	2.7	-11.1	%
TAJIKISTAN (US$ mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	14.8	14.4	2.8	%	15.6	-5.1	%
Mobile	13.3	14.4	-7.6	%	15.6	-14.7	%
Fixed	1.5	—	n/a		—	n/a
GEORGIA (US$ mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Net operating revenues	10.9	6.0	81.7	%	10.2	6.9	%
Mobile	10.6	6.0	76.7	%	10.2	3.9	%
Fixed	0.3	—	n/a		—	n/a
KYRGYZSTAN (US$ mln)	1Q 10	1Q 09	1Q 10/1Q 09		4Q 09	1Q 10/4Q 09
Mobile net operating revenues	25.5	—	n/a		—	n/a

VimpelCom Ltd - First Quarter 2010 Pro Forma Operating Results and Selected Financial Data

OJSC VimpelCom — CIS Adjusted OIBDA in US$

KAZAKHSTAN (US$ mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	88.5		78.7		12.5	%	93.9		-5.8	%
Mobile	88.1		78.7		11.9	%	93.9		-6.2	%
Fixed	0.4		0.0		n/a		0.0		n/a
Adjusted OIBDA margin, %	55.5	%	51.1	%			55.1	%
UKRAINE (URS+GT) (US$ mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	10.1		6.3		60.3	%	7.6		32.9	%
Mobile	3.5		1.2		191.7	%	2.2		59.1	%
Fixed	6.6		5.1		29.4	%	5.4		22.2	%
Adjusted OIBDA margin, %	22.5	%	13.3	%			15.8	%
ARMENIA (US$ mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	19.1		27.2		-29.8	%	22.7		-15.9	%
Mobile	6.2		10.5		-41.0	%	7.6		-18.4	%
Fixed	12.9		16.7		-22.8	%	15.1		-14.6	%
Adjusted OIBDA margin, %	45.8	%	51.6	%			48.0	%
UZBEKISTAN (US$ mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	19.6		33.1		-40.8	%	23.0		-14.8	%
Mobile	18.6		31.9		-41.7	%	22.0		-15.5	%
Fixed	1.0		1.2		-16.7	%	1.0		0.0	%
OIBDA Margin, %	43.3	%	56.6	%			45.8	%
TAJIKISTAN (US$ mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	4.4		4.9		-10.2	%	7.1		-38.0	%
Mobile	4.1		4.9		-16.3	%	7.1		-42.3	%
Fixed	0.3		—		n/a		—		n/a
Adjusted OIBDA margin, %	29.7	%	34.0	%			45.5	%
GEORGIA (US$ mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted OIBDA total	1.1		-0.5		n/a		0.4		175.0	%
Mobile	1.1		-0.5		n/a		0.4		175.0	%
Fixed	0.02		—		n/a		—		n/a
Adjusted OIBDA margin, %	10.1	%	n/a				3.9	%
KYRGYZSTAN (US$ mln)	1Q 10		1Q 09		1Q 10/1Q 09		4Q 09		1Q 10/4Q 09
Adjusted mobile OIBDA	9.5		—		n/a		—		n/a
Adjusted mobile OIBDA margin, %	37.3	%	—				—

VimpelCom Ltd - First Quarter 2010 Pro Forma Operating Results and Selected Financial Data

* Please find information on respective operating income amounts in the supplementary file FinancialOperatingQ12010.xls on our website at http://www.vimpelcom.com/news/qrep.wbp.

Attachment G: Operational Highlights - South-East Asia

SEA (US$ mln)	1Q 10	1Q 09	1Q 10/1Q 09	4Q 09	1Q 10/4Q 09
Net operating mobile revenues	4.4	0.0	n/a	2.4	83.3	%
Adjusted mobile OIBDA	-5.9	-1.6	n/a	-6.4	n/a

Attachment H: Average Rates of Functional Currencies to USD*

Functional Currency/ 1 US$		4Q 08	1Q 09	2Q 09	3Q 09	4Q 09	1Q 10
Russia	RUR	27.27	33.93	32.21	31.33	29.47	29.89
Kazakhstan	KZT	120.16	138.85	150.47	150.75	149.77	147.68
Ukraine	UAH	6.21	7.70	7.66	7.82	7.99	7.99
Armenia	AMD	306.47	325.11	370.46	372.66	384.40	384.26
Georgia	GEL	1.55	1.67	1.66	1.68	1.68	1.72
Kyrgyzstan	KGS	—	—	—	—	—	44.55

• Functional currencies in Tajikistan, Uzbekistan and Cambodia are US dollars.

VimpelCom Ltd 1Q10 Presentation

© VimpelCom Ltd 2010 2 Disclaimer This presentation contains "forward-looking statements", as the phrase is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements relate to the Company's strategy, development plans and anticipated performance. The forward-looking statements are based on management's best assessment of the Company's strategic and financial position, and future market conditions and trends. These discussions involve risks and uncertainties. The actual outcome may differ materially from these statements as a result of continued volatility in the economies in the markets in which the Company operates, unforeseen developments from competition, governmental regulation of the telecommunications industries and general political uncertainties in the markets in which the Company operates and/or litigation with third parties. The actual outcome may also differ materially if the Company is unable to obtain all necessary corporate approvals relating to its business, if the Company is unable to successfully integrate newly-acquired businesses and other factors. There can be no assurance that these risks and uncertainties will not have a material adverse effect on the Company, that the Company will be able to grow or that it will be successful in executing its strategy and development plans. Certain factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risk factors described in the Company’s registration statement on Form F-4 filed with the U.S. Securities and Exchange Commission (the “SEC”), OJSC VimpelCom’s public filings with the SEC, including its Annual Report on Form 20-F for the year ended December 31, 2009, and other public filings made by the Company with the SEC, which risk factors are incorporated herein by reference. 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 herein, or to make corrections to reflect future events or developments.

© VimpelCom Ltd 2010 3 Participants Q&A Session will be joined by: Boris Nemsic Chief Executive Officer. OJSC VimpelCom Elena Shmatova Chief Financial Officer, OJSC VimpelCom Martin Furuseth Chief Marketing Officer, OJSC VimpelCom Dmitry Kromsky Vice-President, CIS, OJSC VimpelCom Taras Parkhomenko Chief Marketing Officer, Kyivstar Alexander Izosimov, President and Chief Executive Officer, VimpelCom Ltd Presentation

© VimpelCom Ltd 2010 4 Transformational deal successfully completed • Combination of VimpelCom and Kyivstar first announced on October 5 , 2009 • Exchange Offer successfully completed on April 21 , 2010 with 98% acceptance rate • Trading of VimpelCom Ltd ADSs commenced on the NYSE on April 22 , 2010 • The squeeze out demand notice filed on May 25 , 2010 process expected to be completed in the coming months th st nd th

© VimpelCom Ltd 2010 5 1,919 2,535 1,973 344 322 -50 Russia 1Q10 CIS+SEA 1Q10 Kyivstar 1Q10 Other, HQ and eliminations VimpelCom Ltd 1Q10 OJSC VimpelCom 1Q09 Group Financial Highlights Revenue * , USD mln Net Income Attributable to OJSC VimpelCom / VimpelCom Ltd., USD mln Adjusted OIBDA, USD mln • Combined revenues increased to $2.5bn • Russia represents 75% of the total revenues compared to 84% a year ago • The leading telecom operator in the region • The combined adjusted OIBDA margin comprised 47.5% strengthened by the Kyivstar’s margin • Combined net income attributable to VimpelCom Ltd. amounted to $412 mln • Combined EPS was $0.32 +28.5% +27.0% * Hereafter refers to Net operating revenues (pro forma) (pro forma) (pro forma) 386 6 28 412 -297 -8 Russia 1Q10 CIS+SEA 1Q10 Kyivstar 1Q10 Other, HQ and eliminations VimpelCom Ltd 1Q10 OJSC VimpelCom 1Q09 907 147 164 949 -13 1,205 Russia 1Q10 CIS+SEA 1Q10 Kyivstar 1Q10 Other, HQ and eliminations VimpelCom Ltd 1Q10 OJSC VimpelCom 1Q09

© VimpelCom Ltd 2010 6 VimpelCom Debt Profile OJSC VimpelCom Debt Maturity Schedule, USD mln * 1 000 24 745 1,418 1,971 1,795 928 605 1Q10 2Q10 3Q10 4Q10 2010 2011 2012 2013 2014 2015 2016 2017 2018 OJSC VimpelCom Debt Composition by Currency * $928 million paid as of March 31, 2010 at actual rate. $215 million paid as of May 25, 2010 19 423 210 18 1,143 USD, 61% RUR, 30% EUR, 9% 215 Ratios 1.3 0.008 1.5 Debt/OIBDA LTM 5,159 783 4,376 OIBDA LTM ($ mln) 6,654 6 6,648 Total Debt ($ mln) VimpelCom Ltd Kyivstar OJSC VimpelCom - paid - due in 2010 - due after 2010

© VimpelCom Ltd 2010 7 OJSC VimpelCom: Financial Highlights Revenue, USD mln Net Income Attributable to OJSC VimpelCom, USD mln Adjusted OIBDA (USD mln) and Adjusted OIBDA Margin +13.1% 2,231 2,309 1,973 1Q 09 4Q 09 1Q 10 1,052 1,088 949 48.1% 47.1% 47.2% 1Q 09 4Q 09 1Q 10 30.0% 35.0% 40.0% 45.0% 50.0% 55.0% 60.0% 65.0% 70.0% OIBDA OIBDA Margin 392 283 -297 1Q 09 4Q 09 1Q 10 • The core business proved its stability by a y-o-y increase to $2.2 bn in revenue • Adjusted OIBDA margin increased q-o-q to 47.2% confirming our ability to maintain sustainable profitability • Net income attributable to OJSC VimpelCom amounted to $392 mln in 1Q10 as compared to a net loss of $297 mln a year ago

© VimpelCom Ltd 2010 8 Russia: Consolidated Financial Highlights Revenue, RUR bn Adjusted OIBDA (RUR bn) and Adjusted OIBDA Margin 56.3 58.8 57.4 45.5 48.9 47.9 9.9 10.8 9.5 1Q09 4Q09 1Q10 Mobile Fixed 27.2 27.7 27.1 24.4 24.9 23.6 48.4% 47.1% 47.3% 1Q09 4Q09 1Q10 35.0% 40.0% 45.0% 50.0% 55.0% 60.0% 65.0% 70.0% 75.0% 80.0% Mobile Fixed OIBDA Margin • Total revenue in Russia were up 1.9% y-o-y • Mobile revenue increased 5.2% y-o-y • Growth driven by an increase in subscriptions coupled with stable pricing and demand for VAS and data transmission • Consolidated adjusted OIBDA margin in Russia was healthy 47.3% despite higher marketing and sales expenses

© VimpelCom Ltd 2010 9 Russia: Operating Highlights Mobile subscriptions, mln Broadband subscriptions, ‘000 ARPU(RUR) and MOU (min) +3.9% 49.4 50.9 51.3 1Q 09 4Q 09 1Q 10 307 317 308 204 218 203 1Q 09 4Q 09 1Q 10 150 300 ARPU (RUR) MOU (min) 2,111 2,335 1,498 848 1,073 1,167 650 1,038 1,168 1Q 09 4Q 09 1Q 10 BB fixed subscriptions BB mobile subscriptions • Number of mobile subscriptions in Russia increased to 51.3 mln supported by sales of USB modems • Both ARPU and MOU remained stable y-o-y and declined q-o-q reflecting a normal seasonality pattern • Total number of broadband subscriptions reached 2.3 mln increasing 55.9% y-oy

© VimpelCom Ltd 2010 10 Russia: Fixed-line segment Revenue Business Segment, RUR bn Wholesale Segment, RUR bn Residential Segment, RUR bn 9.5 9.9 10.8 317 336 317 0.0 2.0 4.0 6.0 8.0 10.0 12.0 1Q 09 4Q 09 1Q 10 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 180 190 200 210 220 230 240 250 260 270 280 290 300 310 320 330 340 350 360 370 380 390 400 410 420 430 440 450 460 470 480 490 500 RUR bn USD mln 5.8 4.8 4.5 1Q 09 4Q 09 1Q 10 3.6 3.5 3.4 1Q 09 4Q 09 1Q 10 1.4 1.6 1.6 1Q 09 4Q 09 1Q 10

© VimpelCom Ltd 2010 11 333 342 340 1Q09 4Q09 1Q10 CIS * : Financial Highlights Revenue, USD mln Adjusted OIBDA (USD mln) and Adjusted OIBDA Margin +2.2% • Revenue increased y-o-y reaching $340 mln showing signs of a recovery • Adjusted OIBDA stayed stable in mid-40s 150 155 152 44.8% 45.3% 45.0% 0.00 20.00 40.00 60.00 80.00 100.00 120.00 140.00 160.00 180.00 1Q09 4Q09 1Q10 30.0% 35.0% 40.0% 45.0% 50.0% 55.0% 60.0% 65.0% 70.0% * This segment includes our operations in Kazakhstan, Uzbekistan, Armenia, Kirgizstan, Tajikistan, Georgia as well as OJSC VimpelCom’s operations in Ukraine. Although Georgia is no longer a member of the CIS, we include Georgia in our CIS reporting segment. Starting from the next quarter we intend to include OJSC VimpelCom’s operation in Ukraine in a separate reporting segment together with Kyivstar.

© VimpelCom Ltd 2010 12 South-East Asia: Planned Growth Vietnam Cambodia • Brand awareness of 67% • Market share estimated at around 2% with 1.6 mln subscriptions • Operations in 51 provinces out of 63 with 57% population coverage • Within 1 year of operations Sotelco became number 4th in the market share by subscriptions • Active customer base increased by 34% q-o-q to 0.5 mln • Services are available in the 18 largest provinces with 70% population coverage

© VimpelCom Ltd 2010 13 Kyivstar: Financial Highlights Revenue, UAH mln Adjusted OIBDA (UAH mln) and Adjusted OIBDA Margin 566 674 493 1Q09 4Q09 1Q10 Interconnect Revenue 1,456 1,549 1,307 50.8% 53.6% 53.9% 1Q 09 4Q 09 1Q 10 30.00% 35.00% 40.00% 45.00% 50.00% 55.00% 60.00% 65.00% 70.00% 75.00% 80.00% OIBDA OIBDA Margin • Q-o-q dynamics reflect seasonality • Gradual shift to the “Zero on-net” pricing model helped to stabilize market share • Reduction of the interconnect rates effective from the beginning of the year contributed to the decrease in revenues • Despite one off charges and lower revenues Kyivstar retains sustainable OIBDA margin above 50% 2,703 2,890 2,573

© VimpelCom Ltd 2010 14 Kyivstar: Operating Highlights Subscriptions, mln ARPU(UAH) and MOU (min) 22.7 22.0 21.9 1Q 09 4Q 09 1Q 10 • ARPU remained stable reflecting high quality of our customers • Increase in usage in line with the new pricing model • More than 90% of traffic is on-net • Introduction of “Zero on-net” pricing model in 2H09 under DJuice brand contributed to reduced churn and stabilized subscription market share 39.1 43.5 38.5 425 396 281 1Q 09 4Q 09 1Q 10 ARPU (UAH) MOU (min)

© VimpelCom Ltd 2010 15 Summary • Transformational deal created a new platform for further development of our business • Solid quarterly operational performance with sustainable margins and cash flows • Focus on market share retention and returns • Growth to return on the back of further macroeconomic recovery

Map of Operations *GDP(PPP), $ per capita Population: 45.3 mln. URS acquired: Nov ’05 Kyivstar: Apr ‘10 Penetration: 112% GDP* 6,400 Population: 7.0 mln. Acquired: Jan. 2006 Penetration: 62% GDP* 1,800 Population: 3.0 mln. Acquired: Nov. 2006 Penetration: 88% GDP* 5,900 Population: 28.4 mln. Acquired: Jan. 2006 Penetration: 58% GDP* 2,800 Population: 4.3 mln. Acquired: Jul. 2006 Penetration: 90% GDP* 4,500 Population: 15.7 mln. Acquired: Sept. 2004 Penetration: 106% GDP* 11,400 Population: 89.7 mln. JVA signed: Jul. 2008 Penetration: 119% GDP* 2,900 Population: 15.0 mln. Acquired : Jul. 2008 Penetration: 37% GDP* 1,900 Population: 140.7 mln. Penetration: 144% GDP*: 15,200 Population: 5.3 mln. Consolidated: Jan ‘10 Penetration: 74% GDP* 2,100 © VimpelCom Ltd 2010 17

Source: National Banks of the CIS countries, Company calculations FOREX Development 29.36 29.89 30.24 29.47 30.09 31.33 31.29 32.21 33.90 RUR 1.75 1.72 1.69 1.68 1.68 1.68 1.66 1.66 1.67 GEL 384.26 7.99 147.68 Average Rate 1Q10 372.66 7.82 150.75 Average Rate 3Q09 360.06 7.63 150.41 Closing Rate 370.46 7.66 150.47 Average Rate 369.85 7.70 151. 08 Opening rate 2Q09 377.89 7.99 148.36 Closing Rate 384.40 7.99 149.77 Average Rate 4Q09 384.28 8.01 150.95 Closing Rate Currency Closing Rate 400.50 AMD 7.93 UAH 147.11 KZT © VimpelCom Ltd 2010 18

OJSC VIP-Group

(in US$ millions, unless stated otherwise, unaudited)

CONSOLIDATED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	1,488		1,717		1,956		2,010		2,108		2,611		2,843		2,555		1,973		2,146		2,276		2,309		2,231
Gross margin	1,221		1,403		1,590		1,643		1,675		2,012		2,149		1,917		1,504		1,673		1,760		1,776		1,703
Gross margin, %	82.1	%	81.7	%	81.3	%	81.7	%	79.5	%	77.1	%	75.6	%	75.0	%	76.2	%	78.0	%	77.3	%	76.9	%	76.3	%
Adjusted OIBDA	766		897		1,015		918		1,126		1,223		1,388		1,124		949		1,088		1,148		1,088		1,052
Adjusted OIBDA, %	51.5	%	52.2	%	51.9	%	45.7	%	53.4	%	46.8	%	48.8	%	44.0	%	48.1	%	50.7	%	50.4	%	47.1	%	47.2	%
SG&A	439		494		557		716		528		774		749		787		538		573		599		680		632
including Sales & Marketing Expenses	136		167		186		219		187		215		242		285		156		168		184		218		191
including advertising	52		67		66		92		69		89		86		101		26		37		38		57		30
including General & Administrative Costs	303		327		371		497		341		559		507		502		382		405		415		462		441
SG&A, %	29.5	%	28.8	%	28.5	%	35.6	%	25.0	%	29.6	%	26.3	%	30.8	%	27.3	%	26.7	%	26.3	%	29.4	%	28.3	%
Net Income attributable to OJSC VimpelCom	277		359		458		368		601		470		269		-816		-297		701		434		283		392
Capital Expenditures	303.5		334.8		338.8		795.8		358.5		664.0		692.9		855.5		113.0		155.3		123.2		422.7		179.3
MOBILE	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	1,454		1,682		1,918		1,974		1,943		2,176		2,396		2,141		1,617		1,802		1,926		1,942		1,888
including Mobile Interconnect	209		241		270		303		299		322		349		320		236		259		271		289		279
Adjusted OIBDA	750		878		996		896		1,077		1,114		1,260		1,027		822		966		1,026		970		941
Adjusted OIBDA, %	51.6	%	52.2	%	51.9	%	45.4	%	55.4	%	51.2	%	52.6	%	48.0	%	50.8	%	53.6	%	53.3	%	49.9	%	49.8	%
Subscriptions (‘000)	45,784		47,702		50,686		51,740		52,293		53,707		57,758		61,029		62,724		63,676		65,358		64,596		66,821
FIXED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	34.2		35.2		37.6		36.3		164.9		435.7		449.3		419.7		362.1		350.1		359.0		376.8		352.3
including business segment	0.0		0.0		0.0		0.0		74.4		227.1		235.0		218.2		184.6		177.2		173.4		180.9		166.8
including wholesale segment	0.0		0.0		0.0		0.0		40.4		124.9		133.5		118.7		106.9		101.8		106.8		122.2		116.3
including residential segment	34.2		35.2		37.6		36.3		50.1		83.7		80.8		82.8		70.6		71.1		78.8		73.7		69.2
Adjusted OIBDA	16.2		18.5		19.5		22.8		49.9		109.8		129.8		100.2		131.2		128.8		124.3		119.2		112.2
Adjusted OIBDA, %	47.4	%	52.6	%	51.9	%	62.8	%	30.3	%	25.2	%	28.9	%	23.9	%	36.2	%	36.8	%	34.6	%	31.6	%	31.8	%
Broadband subscriptions (‘000)	0		0		0		0		542		617		785		1,221		1,560		1,739		1,930		2,257		2,513
Reconciliation of OIBDA total	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Adjusted OIBDA	766		897		1,015		918		1,126		1,223		1,388		1,124		949		1,088		1,148		1,088		1,052
Depreciation	(269	)	(285	)	(286	)	(331	)	(357	)	(385	)	(400	)	(379	)	(309	)	(326	)	(366	)	(393	)	(352	)
Amortization	(53	)	(54	)	(55	)	(56	)	(67	)	(101	)	(98	)	(94	)	(73	)	(70	)	(71	)	(87	)	(67	)
Impairment loss	0		0		0		0		0		0		0		(443	)	0		0		0		0		0
Operating income	444		558		674		531		702		737		890		208		567		692		711		608		633
Interest income	5		8		9		12		15		25		18		14		15		19		8		10		12
Net foreign exchange gain/(loss)	17		8		26		22		185		26		(341	)	(1,012	)	(746	)	323		25		(14	)	105
Interest expense	(46	)	(48	)	(51	)	(50	)	(79	)	(121	)	(142	)	(154	)	(137	)	(141	)	(157	)	(164	)	(142	)
Equity in net gain/(loss) of associates	0		0		0		0		0		0		2		(63	)	(35	)	5		5		(10	)	(4	)
Other (expense)/income, net	(11	)	(8	)	(9	)	31		(9	)	(3	)	(7	)	1		(6	)	1		(4	)	(24	)	(48	)
Income tax expense	(120	)	(144	)	(171	)	(159	)	(196	)	(179	)	(139	)	209		34		(191	)	(152	)	(125	)	(153	)
Net income/(loss)	289		374		478		387		618		485		281		(797	)	(308	)	708		436		281		403
Adjusted OIBDA margin as a percentage of net operating revenue	51.5	%	52.2	%	51.9	%	45.7	%	53.4	%	46.8	%	48.8	%	44.0	%	48.1	%	50.7	%	50.4	%	47.1	%	47.2	%
Depreciation	(18.1	%)	(16.6	%)	(14.6	%)	(16.5	%)	(16.9	%)	(14.7	%)	(14.1	%)	(14.9	%)	(15.7	%)	(15.2	%)	(16.1	%)	(17.0	%)	(15.8	%)
Amortization	(3.6	%)	(3.1	%)	(2.8	%)	(2.8	%)	(3.2	%)	(3.9	%)	(3.4	%)	(3.7	%)	(3.7	%)	(3.3	%)	(3.1	%)	(3.8	%)	(3.0	%)
Impairment loss	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	(17.3	%)	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Operating income	29.8	%	32.5	%	34.5	%	26.4	%	33.3	%	28.2	%	31.3	%	8.1	%	28.7	%	32.2	%	31.2	%	26.3	%	28.4	%
Interest income	0.3	%	0.5	%	0.5	%	0.6	%	0.7	%	1.0	%	0.6	%	0.5	%	0.8	%	0.9	%	0.4	%	0.4	%	0.5	%
Net foreign exchange gain/(loss)	1.1	%	0.5	%	1.3	%	1.1	%	8.8	%	1.0	%	(12.0	%)	(39.6	%)	(37.8	%)	15.1	%	1.1	%	(0.6	%)	4.7	%
Interest expense	(3.1	%)	(2.8	%)	(2.6	%)	(2.5	%)	(3.7	%)	(4.6	%)	(5.0	%)	(6.0	%)	(6.9	%)	(6.6	%)	(6.9	%)	(7.1	%)	(6.4	%)
Equity in net gain/(loss) of associates	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.1	%	(2.5	%)	(1.8	%)	0.2	%	0.2	%	(0.4	%)	(0.2	%)
Other (expense)/income, net	(0.6	%)	(0.5	%)	(0.6	%)	1.6	%	(0.5	%)	(0.1	%)	(0.2	%)	0.1	%	(0.3	%)	0.1	%	(0.1	%)	(1.0	%)	(2.0	%)
Income tax expense	(8.1	%)	(8.4	%)	(8.7	%)	(7.9	%)	(9.3	%)	(6.9	%)	(4.9	%)	8.2	%	1.7	%	(8.9	%)	(6.7	%)	(5.4	%)	(6.9	%)
Net income/(loss)	19.4	%	21.8	%	24.4	%	19.3	%	29.3	%	18.6	%	9.9	%	(31.2	%)	(15.6	%)	33.0	%	19.2	%	12.2	%	18.1	%

Russia

(in US$ millions, unless stated otherwise, unaudited)

CONSOLIDATED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	1,279		1,460		1,653		1,702		1,797		2,239		2,426		2,157		1,661		1,838		1,953		1,996		1,919
Gross margin	1,065		1,209		1,363		1,410		1,445		1,730		1,852		1,619		1,260		1,431		1,499		1,526		1,451
Gross margin, %	83.3	%	82.8	%	82.5	%	82.8	%	80.4	%	77.3	%	76.3	%	75.1	%	75.9	%	77.9	%	76.8	%	76.5	%	75.6	%
Adjusted OIBDA	676		780		871		773		993		1,060		1,215		948		803		942		988		941		907
Adjusted OIBDA, %	52.9	%	53.4	%	52.7	%	45.4	%	55.3	%	47.3	%	50.1	%	43.9	%	48.3	%	51.3	%	50.6	%	47.1	%	47.3	%
SG&A	375		419		477		633		433		657		627		667		441		479		500		578		529
including Sales & Marketing Expenses	114		141		159		186		158		181		203		246		132		147		158		191		166
including advertising	42		56		56		79		56		74		72		86		19		31		30		48		23
including General & Administrative Costs	261		278		318		447		276		476		424		421		309		332		342		387		363
SG&A, %	29.3	%	28.7	%	28.9	%	37.2	%	24.1	%	29.3	%	25.8	%	30.9	%	26.6	%	26.1	%	25.6	%	29.0	%	27.6	%
Net Income attributable to OJSC VimpelCom	280		356		423		364		616		449		259		-445		-244		677		442		313		386
Capital Expenditures	199.6		189.0		216.9		467.2		207.1		423.7		504.1		641.5		90.5		106.8		90.3		331.5		123.9
MOBILE	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	1,279		1,460		1,653		1,702		1,675		1,862		2,034		1,791		1,344		1,531		1,636		1,660		1,602
including Mobile Interconnect	171		203		224		253		252		269		285		257		190		212		220		238		228
Adjusted OIBDA	676		780		871		773		964		976		1,110		873		695		836		887		843		816
Adjusted OIBDA, %	52.9	%	53.4	%	52.7	%	45.4	%	57.6	%	52.4	%	54.6	%	48.7	%	51.7	%	54.6	%	54.2	%	50.8	%	50.9	%
Subscriptions (‘000)	38,631		40,140		41,802		42,221		42,079		42,485		45,093		47,677		49,351		49,971		51,028		50,886		51,254
ARPU, US$	10.9		12.3		13.4		13.5		13.2		14.7		15.2		12.5		9.1		10.1		10.6		10.8		10.3
MOU, min	160.9		192.6		208.9		204.1		198.7		220.3		228.5		227.8		203.0		211.8		213.6		217.7		203.9
Churn 3 months active base(quarterly), %	n/a		7.5	%	8.1	%	9.1	%	9.2	%	8.7	%	7.7	%	9.0	%	8.4	%	10.5	%	10.9	%	12.9	%	10.6	%
FIXED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	0		0		0		0		122		377		392		366		317		307		317		336		317
including business segment	0		0		0		0		68		207		213		200		171		164		160		162		150
including wholesale segment	0		0		0		0		40		124		133		118		105		99		112		121		114
including residential segment	0		0		0		0		14		47		46		48		41		44		45		53		53
Adjusted OIBDA	0		0		0		0		29		84		105		75		108		106		101		98		91
Adjusted OIBDA, %	0		0		0		0		23.8	%	22.3	%	26.8	%	20.5	%	34.1	%	34.5	%	31.9	%	29.2	%	28.7	%
Broadband subscriptions (‘000)	0		0		0		0		530		604		764		1,182		1,498		1,659		1,833		2,111		2,335
Broadband services ARPU, blended, US$	0		0		0		0		17.6		16.9		15.4		13.7		11.0		10.2		10.6		11.9		12.0
Reconciliation of OIBDA total	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Adjusted OIBDA	676		780		871		773		993		1,060		1,215		948		803		942		988		941		907
Depreciation	(232	)	(240	)	(250	)	(268	)	(288	)	(310	)	(331	)	(293	)	(242	)	(263	)	(287	)	(304	)	(280	)
Amortization	(29	)	(29	)	(29	)	(31	)	(35	)	(61	)	(54	)	(52	)	(39	)	(39	)	(40	)	(47	)	(41	)
Impairment loss	0		0		0		0		0		0		0		(315	)	0		0		0		0		0
Operating income	415		511		592		474		670		689		830		288		522		640		661		590		586
Interest income	9		13		15		18		21		33		28		27		27		32		22		25		27
Net foreign exchange gain/(loss)	7		4		26		17		183		5		(345	)	(752	)	(695	)	321		53		(14	)	106
Interest expense	(40	)	(42	)	(45	)	(41	)	(73	)	(118	)	(139	)	(150	)	(136	)	(141	)	(156	)	(162	)	(143	)
Equity in net gain/(loss) of associates	0		0		0		0		0		0		2		0		1		1		1		1		0
Other (expense)/income, net	(6	)	(6	)	(11	)	27		0		0		(3	)	0		2		1		1		(22	)	(47	)
Income tax expense	(104	)	(124	)	(154	)	(132	)	(182	)	(162	)	(113	)	142		34		(176	)	(141	)	(106	)	(144	)
Net income/(loss)	281		356		423		363		619		447		260		(445	)	(245	)	678		441		312		385
Adjusted OIBDA margin as a percentage of net operating revenue	52.9	%	53.4	%	52.7	%	45.4	%	55.3	%	47.3	%	50.1	%	43.9	%	48.3	%	51.3	%	50.6	%	47.1	%	47.3	%
Depreciation	(18.2	%)	(16.4	%)	(15.1	%)	(15.8	%)	(16.1	%)	(13.8	%)	(13.7	%)	(13.5	%)	(14.6	%)	(14.4	%)	(14.8	%)	(15.1	%)	(14.7	%)
Amortization	(2.3	%)	(2.0	%)	(1.8	%)	(1.8	%)	(1.9	%)	(2.7	%)	(2.2	%)	(2.4	%)	(2.3	%)	(2.1	%)	(2.0	%)	(2.4	%)	(2.1	%)
Impairment loss	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	(14.6	%)	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Operating income	32.4	%	35.0	%	35.8	%	27.8	%	37.3	%	30.8	%	34.2	%	13.4	%	31.4	%	34.8	%	33.8	%	29.6	%	30.5	%
Interest income	0.7	%	0.9	%	0.9	%	1.1	%	1.2	%	1.5	%	1.2	%	1.3	%	1.6	%	1.7	%	1.1	%	1.3	%	1.4	%
Net foreign exchange gain/(loss)	0.5	%	0.3	%	1.6	%	1.0	%	10.2	%	0.2	%	(14.2	%)	(34.9	%)	(41.8	%)	17.5	%	2.7	%	(0.7	%)	5.5	%
Interest expense	(3.1	%)	(2.9	%)	(2.7	%)	(2.4	%)	(4.1	%)	(5.3	%)	(5.7	%)	(7.0	%)	(8.2	%)	(7.7	%)	(8.0	%)	(8.1	%)	(7.5	%)
Equity in net gain/(loss) of associates	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.1	%	0.0	%	0.1	%	0.1	%	0.1	%	0.1	%	0.0	%
Other (expense)/income, net	(0.4	%)	(0.4	%)	(0.7	%)	1.6	%	(0.1	%)	0.0	%	(0.2	%)	0.0	%	0.1	%	0.1	%	0.1	%	(1.3	%)	(2.3	%)
Income tax expense	(8.1	%)	(8.5	%)	(9.3	%)	(7.8	%)	(10.1	%)	(7.2	%)	(4.7	%)	6.6	%	2.0	%	(9.6	%)	(7.2	%)	(5.3	%)	(7.5	%)
Net income/(loss)	22.0	%	24.4	%	25.6	%	21.3	%	34.4	%	20.0	%	10.7	%	(20.6	%)	(14.8	%)	36.9	%	22.6	%	15.6	%	20.1	%

CIS

(in US$ millions, unless stated otherwise, unaudited)

CONSOLIDATED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	210.9		260.1		305.7		314.4		316.9		388.1		439.8		419.6		332.6		331.1		353.6		341.6		339.8
Gross margin	156.8		194.7		226.2		232.9		230.8		282.0		298.0		298.1		244.8		243.5		262.1		249.4		250.7
Gross margin, %	74.3	%	74.9	%	74.0	%	74.1	%	72.8	%	72.7	%	67.8	%	71.0	%	73.6	%	73.5	%	74.1	%	73.0	%	73.8	%
Adjusted OIBDA	90.0		116.9		144.0		145.2		134.3		164.4		174.7		179.3		149.7		152.4		169.8		154.7		152.4
Adjusted OIBDA, %	42.7	%	44.9	%	47.1	%	46.2	%	42.3	%	42.4	%	39.7	%	42.7	%	45.0	%	46.0	%	48.0	%	45.3	%	44.8	%
SG&A	65.1		76.4		79.4		83.9		94.3		115.4		121.4		116.9		92.5		88.3		91.0		94.1		94.7
including Sales & Marketing Expenses	22.3		26.0		27.3		33.1		29.0		33.9		39.1		39.5		22.7		19.6		24.6		24.9		21.5
including advertising	9.2		10.7		10.5		13.0		13.4		15.4		14.5		15.3		6.6		5.2		6.9		8.3		5.9
including General & Administrative Costs	42.8		50.4		52.1		50.8		65.3		81.5		82.3		77.4		69.8		68.7		66.4		69.2		73.2
SG&A, %	30.9	%	29.4	%	26.0	%	26.7	%	29.8	%	29.7	%	27.6	%	27.9	%	27.8	%	26.7	%	25.7	%	27.5	%	27.9	%
Net Income attributable to OJSC VimpelCom	-3.1		3.7		35.6		4.6		-14.3		22.3		13.3		-278.5		-11.0		26.1		2.7		-7.6		22.0
Capital Expenditures	103.9		145.8		121.9		328.6		146.0		238.9		186.8		203.5		9.5		24.6		24.5		68.1		38.3
MOBILE	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	176.7		224.9		268.1		278.1		270.7		318.3		369.1		352.7		274.3		273.8		292.3		282.8		283.8
including Mobile Interconnect	28.4		37.7		45.3		50.4		46.9		52.6		64.2		62.4		45.6		46.9		51.6		50.7		51.8
Adjusted OIBDA	73.8		98.4		124.5		122.4		113.6		138.2		149.4		153.9		126.6		129.8		146.3		133.1		131.1
Adjusted OIBDA, %	41.8	%	43.8	%	46.4	%	44.0	%	42.0	%	43.4	%	40.5	%	43.6	%	46.2	%	47.4	%	50.1	%	47.1	%	46.2	%
Subscriptions (‘000)	7,153		7,562		8,884		9,519		10,214		11,222		12,665		13,352		13,373		13,626		14,235		13,342		15,076
FIXED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	34.2		35.2		37.6		36.3		46.2		69.8		70.7		66.9		58.3		57.3		61.3		58.8		56.0
including business segment	0		0		0		0		6.5		20.1		22.1		18.0		14.0		13.4		13.4		19.0		16.9
including wholesale segment	0		0		0		0		3		9.9		9.6		10.3		10.8		12.1		14.4		19.3		23.3
including residential segment	34.2		35.2		37.6		36.3		36.7		39.8		39.1		38.6		33.5		31.8		33.5		20.5		15.8
Adjusted OIBDA	16.2		18.5		19.5		22.8		20.7		26.2		25.3		25.4		23.1		22.6		23.5		21.6		21.3
Adjusted OIBDA, %	47.4	%	52.6	%	51.9	%	62.8	%	44.8	%	37.5	%	35.8	%	38.0	%	39.6	%	39.4	%	38.3	%	36.7	%	38.0	%
Broadband subscriptions (‘000)	0		0		0		0		12		13		22		39		62		80		97		146		178
Reconciliation of OIBDA total	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Adjusted OIBDA	90.0		116.9		144.0		145.2		134.3		164.4		174.7		179.3		149.7		152.4		169.8		154.7		152.4
Depreciation	(36.5	)	(44.9	)	(35.7	)	(62.8	)	(69.7	)	(75.3	)	(67.6	)	(85.2	)	(66.4	)	(61.5	)	(73.5	)	(86.5	)	(70.6	)
Amortization	(24.8	)	(25.4	)	(26.2	)	(25.5	)	(32.3	)	(39.3	)	(44.7	)	(42.7	)	(33.4	)	(31.0	)	(30.7	)	(39.7	)	(24.9	)
Impairment loss	—		—		—		—		—		—		—		(90.1	)	—		—		—		—		—
Operating income	28.7		46.6		82.1		56.9		32.3		49.8		62.4		(38.7	)	49.9		59.9		65.6		28.5		56.9
Interest income	0.1		0.2		0.8		—		0.5		0.8		0.7		1.1		1.4		1.8		2.3		2.7		3.3
Net foreign exchange gain/(loss)	9.8		4.5		0.2		4.7		1.6		21.4		4.7		(258.7	)	(49.7	)	1.2		(28.4	)	—		(1.3	)
Interest expense	(9.5	)	(10.9	)	(12.9	)	(15.2	)	(13.6	)	(12.3	)	(13.4	)	(17.1	)	(14.1	)	(13.8	)	(15.3	)	(17.2	)	(14.8	)
Equity in net gain/(loss) of associates	—		—		—		(0.2	)	—		—		—		0.1		—		(0.5	)	—		0.9		(0.2	)
Other (expense)/income, net	(5.4	)	(2.5	)	2.0		3.5		(8.0	)	(3.2	)	(3.7	)	(2.9	)	(5.8	)	(0.5	)	(5.1	)	(2.7	)	(1.0	)
Income tax expense	(15.5	)	(19.2	)	(17.2	)	(27.2	)	(12.7	)	(16.8	)	(25.2	)	61.1		(0.4	)	(15.3	)	(11.4	)	(19.2	)	(8.6	)
Net income/(loss)	8.2		18.7		55.0		22.5		0.1		39.7		25.5		-255.1		-18.7		32.8		7.7		-7.0		34.3
Adjusted OIBDA margin as a percentage of net operating revenue	42.7	%	44.9	%	47.1	%	46.2	%	42.3	%	42.4	%	39.7	%	42.7	%	45.0	%	46.0	%	48.0	%	45.3	%	44.8	%
Depreciation	(17.3	%)	(17.2	%)	(11.6	%)	(20.0	%)	(21.9	%)	(19.5	%)	(15.3	%)	(20.2	%)	(20.0	%)	(18.5	%)	(20.7	%)	(25.4	%)	(20.8	%)
Amortization	(11.8	%)	(9.8	%)	(8.6	%)	(8.1	%)	(10.2	%)	(10.1	%)	(10.2	%)	(10.2	%)	(10.0	%)	(9.4	%)	(8.7	%)	(11.6	%)	(7.3	%)
Impairment loss	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	(21.5	%)	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Operating income	13.6	%	17.9	%	26.9	%	18.1	%	10.2	%	12.8	%	14.2	%	-9.2	%	15.0	%	18.1	%	18.6	%	8.3	%	16.7	%
Interest income	0.0	%	0.1	%	0.3	%	0.0	%	0.2	%	0.2	%	0.2	%	0.3	%	0.4	%	0.5	%	0.7	%	0.8	%	1.0	%
Net foreign exchange gain/(loss)	4.6	%	1.7	%	0.1	%	1.5	%	0.5	%	5.5	%	1.1	%	-61.7	%	-14.9	%	0.4	%	-8.0	%	0.0	%	-0.4	%
Interest expense	-4.5	%	-4.2	%	-4.2	%	-4.8	%	-4.3	%	-3.2	%	-3.0	%	-4.1	%	-4.2	%	-4.2	%	-4.3	%	-5.0	%	-4.4	%
Equity in net gain/(loss) of associates	0.0	%	0.0	%	0.0	%	-0.1	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	-0.2	%	0.0	%	0.3	%	-0.1	%
Other (expense)/income, net	-2.5	%	-0.9	%	0.5	%	1.1	%	-2.6	%	-0.8	%	-1.0	%	-0.7	%	-1.8	%	-0.1	%	-1.6	%	-0.8	%	-0.2	%
Income tax expense	-7.3	%	-7.4	%	-5.6	%	-8.7	%	-4.0	%	-4.3	%	-5.7	%	14.6	%	-0.1	%	-4.6	%	-3.2	%	-5.6	%	-2.5	%
Net income/(loss)	3.9	%	7.2	%	18.0	%	7.2	%	0.0	%	10.2	%	5.8	%	-60.8	%	-5.6	%	9.9	%	2.2	%	-2.0	%	10.1	%

Kazakhstan

(in US$ millions, unless stated otherwise, unaudited)

CONSOLIDATED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	119.4		149.3		167.1		174.6		162.8		185.3		198.6		196.9		153.9		157.1		171.9		170.4		159.5
Gross margin	88.2		112.0		122.1		128.4		118.9		140.8		152.6		148.8		116.7		120.3		136.0		133.0		123.2
Gross margin, %	73.9	%	75.0	%	73.1	%	73.5	%	73.0	%	76.0	%	76.8	%	75.6	%	75.8	%	76.6	%	79.1	%	78.1	%	77.2	%
Adjusted OIBDA	62.0		80.3		88.1		92.2		82.0		96.4		106.1		97.7		78.7		85.2		101.7		93.9		88.5
Adjusted OIBDA, %	51.9	%	53.8	%	52.7	%	52.8	%	50.4	%	52.0	%	53.4	%	49.6	%	51.1	%	54.2	%	59.2	%	55.1	%	55.5	%
SG&A	25.4		31.7		32.7		33.8		34.8		43.5		45.9		50.4		37.4		34.5		34.4		39.3		35.0
including Sales & Marketing Expenses	11.0		14.2		13.8		17.1		12.9		15.1		17.6		22.7		11.9		8.8		10.4		12.7		9.4
including advertising	3.7		4.5		5.0		5.5		4.7		5.8		5.5		8.8		3.0		1.2		1.9		3.8		2.4
including General & Administrative Costs	14.4		17.5		18.9		16.7		21.9		28.4		28.3		27.7		25.5		25.7		24.0		26.6		25.6
SG&A, %	21.3	%	21.2	%	19.6	%	19.4	%	21.4	%	23.5	%	23.1	%	25.6	%	24.3	%	22.0	%	20.0	%	23.1	%	21.9	%
Net Income attributable to OJSC VimpelCom	13.1		16.4		21.7		19.8		14.1		19.5		29.9		76.4		-12.5		30.0		40.8		25.8		36.0
Capital Expenditures	31.2		45.8		40.5		96.4		42.6		55.4		77.1		79.7		3.3		11.0		10.0		19.5		5.9
MOBILE	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	119.4		149.3		167.1		174.6		162.0		182.5		195.9		193.7		151.6		154.8		169.3		167.7		156.3
including Mobile Interconnect	20.5		26.5		28.5		33.0		28.4		30.9		32.2		31.4		23.4		23.4		25.4		25.0		23.4
Adjusted OIBDA	62.0		80.3		88.1		92.2		82.0		96.3		106.2		97.7		78.7		85.6		101.7		93.9		88.1
Adjusted OIBDA, %	51.9	%	53.8	%	52.7	%	52.8	%	50.6	%	52.8	%	54.2	%	50.4	%	51.9	%	55.3	%	60.1	%	56.0	%	56.4	%
Subscriptions (‘000)	3,501		3,858		4,343		4,604		4,777		5,098		5,614		6,270		6,377		6,635		6,835		6,135		6,062
ARPU, US$	12.2		13.6		13.6		13.0		11.6		12.3		12.1		10.8		7.8		7.9		8.2		8.5		8.4
MOU, min	72.3		88.8		112.7		98.9		99.1		109.7		108.1		100.5		81.1		90.7		98.1		102.3		102.2
Churn 3 months active base (quarterly), %	n/a		n/a		n/a		9.8	%	9.5	%	7.6	%	7.4	%	7.3	%	9.2	%	5.7	%	9.3	%	22.2	%	11.4	%
FIXED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	0		0		0		0		0.8		2.8		2.7		3.2		2.3		2.3		2.6		2.7		3.2
including business segment	0		0		0		0		0.3		1.0		0.8		1.0		0.7		0.8		0.5		0.5		0.6
including wholesale segment	0		0		0		0		0.5		1.8		1.9		2.2		1.5		1.4		2.0		2.1		2.4
including residential segment	0		0		0		0		0.001		0.003		0.003		0.05		0.1		0.1		0.1		0.1		0.2
Adjusted OIBDA	0		0		0		0		0.0		0.1		-0.1		0.0		0.0		-0.4		0.0		0.0		0.4
Adjusted OIBDA, %	0		0		0		0		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		12.5	%
Broadband subscriptions (‘000)															0.2		0.2		0.3		0.3		1.3		2.7
Reconciliation of OIBDA total	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Adjusted OIBDA	62.0		80.3		88.1		92.2		82.0		96.4		106.1		97.7		78.7		85.2		101.7		93.9		88.5
Depreciation	(15.9	)	(17.5	)	(14.9	)	(20.2	)	(21.6	)	(25.7	)	(24.0	)	(28.7	)	(23.9	)	(21.6	)	(24.9	)	(27.4	)	(18.5	)
Amortization	(9.2	)	(9.5	)	(9.1	)	(9.7	)	(9.7	)	(11.1	)	(15.9	)	(16.0	)	(14.1	)	(12.8	)	(12.7	)	(13.0	)	(13.3	)
Impairment loss	—		—		—		—		—		—		—		—		—		—		—		—		—
Operating income	36.9		53.3		64.1		62.3		50.7		59.6		66.2		53.0		40.7		50.8		64.1		53.5		56.7
Interest income	—		—		0.6		(0.4	)	0.2		0.3		0.2		0.3		0.3		0.4		1.1		0.6		0.3
Net foreign exchange gain/(loss)	10.5		2.4		1.6		1.0		(1.9	)	(0.1	)	2.5		(1.9	)	(51.7	)	1.9		(0.8	)	0.3		0.4
Interest expense	(4.3	)	(4.1	)	(4.9	)	(5.1	)	(3.4	)	(3.2	)	(3.0	)	(3.1	)	(1.5	)	(1.6	)	(0.9	)	(2.9	)	(0.1	)
Equity in net gain/(loss) of associates	—		—		—		(0.2	)	—		—		—		0.1		—		(0.5	)	—		0.9		(0.2	)
Other (expense)/income, net	(4.1	)	(1.4	)	2.0		5.3		(4.0	)	(0.5	)	(4.4	)	0.3		(5.2	)	(0.3	)	(0.8	)	(1.5	)	(0.4	)
Income tax expense	(12.8	)	(17.3	)	(19.9	)	(23.8	)	(13.5	)	(18.7	)	(20.6	)	52.8		0.6		(10.8	)	(13.1	)	(18.6	)	(8.7	)
Net income/(loss)	26.2		32.9		43.5		39.1		28.1		37.4		40.9		101.5		(16.8	)	39.9		49.6		32.3		48.0
Adjusted OIBDA margin as a percentage of net operating revenue	51.9	%	53.8	%	52.7	%	52.8	%	50.4	%	52.0	%	53.4	%	49.6	%	51.1	%	54.2	%	59.2	%	55.1	%	55.5	%
Depreciation	(13.3	%)	(11.7	%)	(8.9	%)	(11.5	%)	(13.3	%)	(13.8	%)	(12.1	%)	(14.6	%)	(15.5	%)	(13.8	%)	(14.5	%)	(16.1	%)	(11.7	%)
Amortization	(7.7	%)	(6.4	%)	(5.4	%)	(5.6	%)	(6.0	%)	(6.0	%)	(8.0	%)	(8.1	%)	(9.2	%)	(8.1	%)	(7.4	%)	(7.6	%)	(8.3	%)
Impairment loss	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Operating income	30.9	%	35.7	%	38.4	%	35.7	%	31.1	%	32.2	%	33.3	%	26.9	%	26.4	%	32.3	%	37.3	%	31.4	%	35.5	%
Interest income	0.0	%	0.0	%	0.4	%	(0.2	%)	0.1	%	0.2	%	0.1	%	0.2	%	0.2	%	0.3	%	0.6	%	0.4	%	0.2	%
Net foreign exchange gain/(loss)	8.8	%	1.6	%	1.0	%	0.6	%	(1.2	%)	(0.1	%)	1.3	%	(1.0	%)	(33.6	%)	1.2	%	(0.5	%)	0.2	%	0.3	%
Interest expense	(3.6	%)	(2.7	%)	(2.9	%)	(2.9	%)	(2.1	%)	(1.7	%)	(1.5	%)	(1.6	%)	(1.0	%)	(1.0	%)	(0.5	%)	(1.7	%)	(0.1	%)
Equity in net gain/(loss) of associates	0.0	%	0.0	%	0.0	%	(0.1	%)	0.0	%	0.0	%	0.0	%	0.1	%	0.0	%	(0.3	%)	0.0	%	0.5	%	(0.1	%)
Other (expense)/income, net	(3.5	%)	(1.0	%)	1.0	%	2.9	%	(2.3	%)	(0.3	%)	(2.2	%)	0.1	%	(3.3	%)	(0.2	%)	(0.4	%)	(0.9	%)	(0.2	%)
Income tax expense	(10.7	%)	(11.6	%)	(11.9	%)	(13.6	%)	(8.3	%)	(10.1	%)	(10.4	%)	26.8	%	0.4	%	(6.9	%)	(7.6	%)	(10.9	%)	(5.5	%)
Net income/(loss)	21.9	%	22.0	%	26.0	%	22.4	%	17.3	%	20.2	%	20.6	%	51.5	%	(10.9	%)	25.4	%	28.9	%	19.0	%	30.1	%

Ukraine (URS+GT)

(in US$ millions, unless stated otherwise, unaudited)

CONSOLIDATED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	16.3		23.8		37.0		34.5		44.8		71.2		94.2		70.5		47.4		51.1		56.6		48.1		44.9
Gross margin	9.5		13.5		23.3		20.9		26.7		39.5		31.6		33.9		26.6		30.1		33.4		26.5		28.5
Gross margin, %	58.3	%	56.7	%	63.0	%	60.6	%	59.6	%	55.5	%	33.5	%	48.1	%	56.1	%	58.9	%	59.0	%	55.1	%	63.5	%
Adjusted OIBDA	-6.5		-3.1		6.5		3.6		3.2		9.4		-1.6		11.6		6.3		10.0		12.1		7.6		10.1
Adjusted OIBDA, %	n/a		n/a		17.6	%	10.4	%	7.1	%	13.2	%	n/a		16.5	%	13.3	%	19.6	%	21.4	%	15.8	%	22.5	%
SG&A	16.0		16.5		16.5		17.5		23.4		30.0		32.7		21.6		19.5		19.5		20.7		18.7		18.3
including Sales & Marketing Expenses	5.8		5.5		5.3		5.2		6.7		7.9		8.7		4.7		3.5		3.8		5.1		3.5		3.3
including advertising	3.9		3.7		2.7		3.5		4.7		5.1		4.5		1.9		1.7		1.6		2.3		1.6		0.9
including General & Administrative Costs	10.2		11.0		11.2		12.3		16.7		22.1		24.0		16.9		16.0		15.7		15.6		15.2		15.0
SG&A, %	98.2	%	69.3	%	44.6	%	50.7	%	52.2	%	42.1	%	34.7	%	30.6	%	41.1	%	38.2	%	36.6	%	38.9	%	40.8	%
Net Income attributable to OJSC VimpelCom	-18.4		-17.2		-6.4		-17.6		-19.7		-5.8		-36.7		-323.1		-14.4		-10.5		-38.2		-26.9		-7.8
Capital Expenditures	29.3		46.0		26.0		55.2		26.6		54.1		46.9		57.8		2.9		2.9		3.0		11.0		6.0
MOBILE	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	16.3		23.8		37.0		34.5		36.3		44.9		66.3		46.3		25.7		28.6		32.3		23.8		22.9
including Mobile Interconnect	5.4		7.6		10.9		10.9		11.5		12.6		18.0		13.6		8.2		8.0		8.0		6.6		5.5
Adjusted OIBDA	-6.5		-3.1		6.5		3.6		1.5		3.9		-6.3		6.6		1.2		3.8		6.4		2.2		3.5
Adjusted OIBDA, %	n/a		n/a		17.6	%	10.4	%	4.1	%	8.7	%	n/a		14.3	%	4.7	%	13.3	%	19.8	%	9.2	%	15.3	%
Subscriptions (‘000)	1,953		1,822		2,212		1,941		1,971		2,111		2,403		2,052		1,894		1,934		2,199		2,005		1,951
ARPU, US$	3.0		4.2		5.8		5.6		6.1		7.5		9.7		7.0		4.5		5.2		5.4		3.9		3.8
MOU, min	138.0		159.9		168.2		183.2		210.2		231.0		261.5		230.0		213.3		217.8		203.7		201.3		197.2
Churn 3 months active base (quarterly), %	n/a		n/a		n/a		35.8	%	20.1	%	16.9	%	15.9	%	32.2	%	21.9	%	15.1	%	14.4	%	29.4	%	18.5	%
FIXED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	0		0		0		0		8.5		26.3		27.9		24.2		21.7		22.5		24.3		24.3		22.0
including business segment	0		0		0		0		5.5		16.9		18.9		14.8		11.1		10.2		10.4		10.3		9.4
including wholesale segment	0		0		0		0		2.5		8.1		7.6		8.0		9.3		10.7		12.3		12.4		10.0
including residential segment	0		0		0		0		0.4		1.3		1.4		1.4		1.3		1.6		1.6		1.6		2.6
Adjusted OIBDA	0		0		0		0		1.7		5.5		4.7		5.0		5.1		6.2		5.7		5.4		6.6
Adjusted OIBDA, %	0		0		0		0		20.0	%	20.9	%	16.8	%	20.7	%	23.5	%	27.6	%	23.5	%	22.2	%	30.0	%
Broadband subscriptions (‘000)	0		0		0		0		12.1		13.1		16.1		24.1		39.6		52.7		70.1		109.3		133.8
Reconciliation of OIBDA total	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Adjusted OIBDA	(6.5	)	(3.1	)	6.5		3.6		3.2		9.4		(1.6	)	11.6		6.3		10.0		12.1		7.6		10.1
Depreciation	(3.2	)	(4.3	)	(4.5	)	(13.0	)	(11.2	)	(15.0	)	(18.0	)	(14.9	)	(10.7	)	(11.9	)	(14.1	)	(13.7	)	(10.6	)
Amortization	(5.2	)	(5.2	)	(5.2	)	(3.1	)	(7.2	)	(12.4	)	(12.8	)	(10.3	)	(6.8	)	(6.8	)	(6.7	)	(16.1	)	(4.3	)
Impairment loss	—		—		—		—		—		—		—		(90.1	)	—		—		—		—		—
Operating income	(14.9	)	(12.6	)	(3.2	)	(12.5	)	(15.2	)	(18.0	)	(32.4	)	(103.7	)	(11.2	)	(8.7	)	(8.7	)	(22.2	)	(4.8	)
Interest income	—		—		—		—		—		—		—		—		0.1		—		0.1		0.1		0.1
Net foreign exchange gain/(loss)	(0.2	)	—		—		—		—		17.2		(1.3	)	(230.8	)	—		4.3		(25.9	)	1.6		3.8
Interest expense	(3.4	)	(4.7	)	(4.9	)	(5.2	)	(5.0	)	(4.8	)	(5.4	)	(7.0	)	(4.7	)	(5.2	)	(6.3	)	(6.2	)	(6.7	)
Equity in net gain/(loss) of associates	—		—		—		—		—		—		—		—		—		—		—		—		—
Other (expense)/income, net	—		(0.2	)	(0.2	)	(0.7	)	(1.0	)	(0.7	)	(0.3	)	2.1		—		(1.0	)	(1.7	)	(0.6	)	—
Income tax expense	0.1		0.3		1.9		0.8		1.6		0.9		4.0		14.4		1.2		(0.6	)	4.1		(2.3	)	(0.2	)
Net income/(loss)	(18.4	)	(17.2	)	(6.4	)	(17.6	)	(19.6	)	(5.4	)	(35.4	)	(325.0	)	(14.6	)	(11.2	)	(38.4	)	(29.6	)	(7.8	)
Adjusted OIBDA margin as a percentage of net operating revenue	n/a		n/a		17.6	%	10.4	%	7.1	%	13.2	%	n/a		16.5	%	13.3	%	19.6	%	21.4	%	15.8	%	22.5	%
Depreciation	n/a		n/a		(12.1	%)	(37.6	%)	(24.9	%)	(21.1	%)	n/a		(21.2	%)	(22.6	%)	(23.3	%)	(25.0	%)	(28.5	%)	(23.6	%)
Amortization	n/a		n/a		(14.1	%)	(9.0	%)	(16.1	%)	(17.4	%)	n/a		(14.6	%)	(14.3	%)	(13.3	%)	(11.8	%)	(33.5	%)	(9.6	%)
Impairment loss	n/a		n/a		0.0	%	0.0	%	0.0	%	0.0	%	n/a		(127.8	%)	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Operating income	n/a		n/a		(8.6	%)	(36.2	%)	(33.9	%)	(25.3	%)	n/a		(147.1	%)	(23.6	%)	(17.0	%)	(15.4	%)	(46.2	%)	(10.7	%)
Interest income	n/a		n/a		0.0	%	0.0	%	0.0	%	0.0	%	n/a		0.0	%	0.2	%	0.0	%	0.2	%	0.2	%	0.2	%
Net foreign exchange gain/(loss)	n/a		n/a		0.0	%	0.0	%	0.0	%	24.2	%	n/a		(327.4	%)	0.0	%	8.4	%	(45.8	%)	3.3	%	8.5	%
Interest expense	n/a		n/a		(13.2	%)	(15.1	%)	(11.2	%)	(6.7	%)	n/a		(9.9	%)	(9.9	%)	(10.2	%)	(11.1	%)	(12.9	%)	(14.9	%)
Equity in net gain/(loss) of associates	n/a		n/a		0.0	%	0.0	%	0.0	%	0.0	%	n/a		0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Other (expense)/income, net	n/a		n/a		(0.6	%)	(2.0	%)	(2.3	%)	(1.1	%)	n/a		3.0	%	0.0	%	(1.9	%)	(2.9	%)	(1.1	%)	(0.1	%)
Income tax expense	n/a		n/a		5.1	%	2.3	%	3.6	%	1.3	%	n/a		20.4	%	2.5	%	(1.2	%)	7.2	%	(4.8	%)	(0.4	%)
Net income/(loss)	n/a		n/a		(17.3	%)	(51.0	%)	(43.8	%)	(7.6	%)	n/a		(461.0	%)	(30.8	%)	(21.9	%)	(67.8	%)	(61.5	%)	(17.4	%)

Uzbekistan

(in US$ millions, unless stated otherwise, unaudited)

CONSOLIDATED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	18.2		23.2		30.2		36.5		39.5		52.0		58.4		66.5		58.5		52.6		50.1		50.2		45.3
Gross margin	15.2		20.0		25.8		31.0		33.4		43.0		48.6		52.8		47.1		41.2		37.7		37.9		34.3
Gross margin, %	83.5	%	86.2	%	85.4	%	84.9	%	84.6	%	82.7	%	83.2	%	79.4	%	80.5	%	78.3	%	75.2	%	75.5	%	75.7	%
Adjusted OIBDA	8.7		11.4		16.9		17.8		20.9		27.8		33.0		34.2		33.1		26.9		23.5		23.0		19.6
Adjusted OIBDA, %	47.8	%	49.1	%	56.0	%	48.8	%	52.9	%	53.5	%	56.5	%	51.4	%	56.6	%	51.1	%	46.9	%	45.8	%	43.3	%
SG&A	6.4		8.4		8.7		13.1		12.3		14.9		15.4		18.3		13.6		13.9		13.8		14.3		14.1
including Sales & Marketing Expenses	2.8		2.5		3.9		5.3		4.9		5.1		6.6		7.1		3.8		3.7		4.8		4.3		3.5
including advertising	0.7		0.9		1.1		1.4		2.0		1.9		2.3		2.3		0.9		1.4		1.6		1.0		1.0
including General & Administrative Costs	3.6		5.9		4.8		7.8		7.4		9.8		8.8		11.2		9.8		10.2		9.0		10.0		10.6
SG&A, %	35.2	%	36.2	%	28.8	%	35.9	%	31.1	%	28.7	%	26.4	%	27.5	%	23.2	%	26.4	%	27.5	%	28.5	%	31.1	%
Net Income attributable to OJSC VimpelCom	2.5		4.3		6.9		6.0		7.5		14.4		22.0		11.8		9.7		5.3		1.8		(1.5	)	(10.6	)
Capital Expenditures	7.9		18.5		23.8		83.6		48.0		82.8		28.4		17.2		1.1		7.4		7.2		21.1		17.9
MOBILE	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	18.2		23.2		30.2		36.5		38.7		49.5		55.5		63.5		55.5		49.5		46.8		47.5		42.9
including Mobile Interconnect	0.002		0.003		0.004		0.01		0.01		0.01		0.01		3.4		3.0		3.8		5.0		5.5		5.1
Adjusted OIBDA	8.7		11.4		16.9		17.8		20.6		27.3		32.0		33.0		31.9		25.7		22.2		22.0		18.6
Adjusted OIBDA, %	47.8	%	49.1	%	56.0	%	48.8	%	53.2	%	55.2	%	57.7	%	52.0	%	57.5	%	51.9	%	47.4	%	46.3	%	43.4	%
Subscriptions (‘000)	1,106.3		1,192.4		1,586.9		2,119.6		2,422.2		2,754.2		3,148.0		3,636.2		3,653.1		3,604.6		3,652.0		3,515.0		3,489.0
ARPU, US$	6.7		7.2		7.6		6.8		5.8		6.6		6.5		6.5		5.2		4.7		4.5		4.6		4.2
MOU, min	242.2		265.6		289.8		283.4		265.3		294.6		298.5		288.6		238.6		225.6		409.3		387.3		369.2
Churn 3 months active base(quarterly), %	n/a		n/a		n/a		11.2	%	12.8	%	13.1	%	14.2	%	14.9	%	15.1	%	11.2	%	17.4	%	20.1	%	14.7	%
FIXED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	0		0		0		0		0.8		2.5		2.9		3.0		3.0		3.1		3.3		2.7		2.4
including business segment	0		0		0		0		0.7		2.3		2.3		2.2		2.3		2.3		2.6		2.1		1.5
including wholesale segment	0		0		0		0		0.00		0.00		0.10		0.10		0.00		0.00		0.00		0.00		0.4
including residential segment	0		0		0		0		0.10		0.20		0.50		0.70		0.70		0.70		0.70		0.60		0.5
Adjusted OIBDA	0		0		0		0		0.3		0.5		1		1.2		1.2		1.2		1.3		1		1.0
Adjusted OIBDA, %	0		0		0		0		37.5	%	20.0	%	34.5	%	40.0	%	40.0	%	38.7	%	39.4	%	37.0	%	41.7	%
Broadband subscriptions (‘000)	0		0		0		0		0		0		0		5.8		6.8		7.6		8.3		9.0		10.0
Reconciliation of OIBDA total	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Adjusted OIBDA	8.7		11.4		16.9		17.8		20.9		27.8		33.0		34.2		33.1		26.9		23.5		23.0		19.6
Depreciation	(3.1	)	(3.3	)	(4.0	)	(5.1	)	(6.7	)	(6.8	)	(7.2	)	(8.9	)	(11.4	)	(11.2	)	(12.4	)	(20.7	)	(21.9	)
Amortization	(3.4	)	(3.4	)	(3.4	)	(3.5	)	(3.8	)	(3.7	)	(3.8	)	(4.6	)	(4.1	)	(3.6	)	(3.5	)	(2.9	)	(3.4	)
Impairment loss	—		—		—		—		—		—		—		—		—		—		—		—		—
Operating income	2.2		4.7		9.5		9.2		10.4		17.3		22.0		20.7		17.6		12.1		7.6		(0.6	)	(5.7	)
Interest income	—		—		—		—		—		—		—		—		—		—		—		0.8		0.8
Net foreign exchange gain/(loss)	(0.3	)	—		(0.3	)	(0.5	)	(0.2	)	(0.2	)	(0.5	)	(3.7	)	(2.4	)	(3.5	)	(1.2	)	(0.1	)	(3.7	)
Interest expense	(0.3	)	(0.5	)	(1.0	)	(1.3	)	(1.6	)	(0.1	)	(0.4	)	(2.1	)	(3.3	)	(2.4	)	(3.5	)	(3.5	)	(3.5	)
Equity in net gain/(loss) of associates	—		—		—		—		—		—		—		—		—		—		—		—		—
Other (expense)/income, net	(0.1	)	—		0.2		—		—		(0.3	)	2.6		(0.2	)	(0.2	)	(0.1	)	(0.1	)	(0.1	)	(0.1	)
Income tax expense	(1.0	)	(0.1	)	1.5		1.5		1.0		2.2		1.3		2.9		1.6		0.5		0.6		(2.4	)	(1.9	)
Net income/(loss)	2.5		4.3		6.9		5.9		7.6		14.5		22.4		11.8		10.1		5.6		2.2		(1.1	)	(10.3	)
Adjusted OIBDA margin as a percentage of net operating revenue	47.8	%	49.1	%	56.0	%	48.8	%	52.9	%	53.5	%	56.5	%	51.4	%	56.6	%	51.1	%	46.9	%	45.8	%	43.3	%
Depreciation	(17.0	%)	(14.1	%)	(13.2	%)	(14.0	%)	(17.0	%)	(13.1	%)	(12.3	%)	(13.4	%)	(19.5	%)	(21.3	%)	(24.7	%)	(41.2	%)	(48.4	%)
Amortization	(18.7	%)	(14.7	%)	(11.3	%)	(9.6	%)	(9.6	%)	(7.1	%)	(6.5	%)	(6.9	%)	(7.0	%)	(6.8	%)	(7.0	%)	(5.8	%)	(7.5	%)
Impairment loss	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Operating income	12.1	%	20.3	%	31.5	%	25.2	%	26.3	%	33.3	%	37.7	%	31.1	%	30.1	%	23.0	%	15.2	%	(1.2	%)	(12.6	%)
Interest income	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	1.6	%	1.8	%
Net foreign exchange gain/(loss)	-1.6	%	0.0	%	-1.0	%	-1.4	%	-0.5	%	-0.4	%	-0.9	%	-5.6	%	-4.1	%	-6.7	%	-2.4	%	(0.2	%)	(8.2	%)
Interest expense	-1.6	%	-2.2	%	-3.3	%	-3.6	%	-4.1	%	-0.2	%	-0.7	%	-3.2	%	-5.6	%	-4.6	%	-7.0	%	(7.0	%)	(7.7	%)
Equity in net gain/(loss) of associates	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Other (expense)/income, net	-0.7	%	0.0	%	0.6	%	0.1	%	0.0	%	-0.6	%	4.5	%	-0.2	%	-0.4	%	-0.1	%	-0.2	%	(0.2	%)	(0.2	%)
Income tax expense	-5.5	%	-0.4	%	5.0	%	4.1	%	2.5	%	4.2	%	2.2	%	4.4	%	2.7	%	1.0	%	1.2	%	(4.8	%)	(4.2	%)
Net income/(loss)	13.7	%	18.5	%	22.8	%	16.2	%	19.2	%	27.9	%	38.4	%	17.7	%	17.3	%	10.6	%	4.4	%	(2.2	%)	(22.7	%)

Armenia

(in US$ millions, unless stated otherwise, unaudited)

CONSOLIDATED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	54.1		58.4		63.4		59.8		59.1		64.7		68.8		63.7		52.7		49.2		51.4		47.3		41.7
Gross margin	42.4		46.0		49.8		47.3		45.8		50.0		52.6		48.7		41.3		37.8		38.8		35.3		30.8
Gross margin, %	78.4	%	78.8	%	78.5	%	79.1	%	77.5	%	77.3	%	76.5	%	76.5	%	78.4	%	76.8	%	75.5	%	74.6	%	73.9	%
Adjusted OIBDA	27.3		30.1		32.9		32.5		29.1		30.3		33.5		31.7		27.2		24.8		26.3		22.7		19.1
Adjusted OIBDA, %	50.5	%	51.5	%	51.9	%	54.3	%	49.2	%	46.8	%	48.7	%	49.8	%	51.6	%	50.4	%	51.2	%	48.0	%	45.8	%
SG&A	14.2		14.8		15.9		13.4		16.7		18.7		18.5		16.7		13.2		11.8		12.1		12.6		11.5
including Sales & Marketing Expenses	1.7		2.2		2.4		3.5		2.7		3.8		3.7		2.5		1.7		1.6		1.6		2.3		1.5
including advertising	0.6		0.8		0.8		1.7		1.2		1.6		1.1		1.2		0.6		0.6		0.5		1.1		0.6
including General & Administrative Costs	12.5		12.6		13.5		9.9		14.0		14.9		14.8		14.2		11.5		10.2		10.5		10.3		10.0
SG&A, %	26.2	%	25.3	%	25.1	%	22.4	%	28.3	%	28.9	%	26.9	%	26.2	%	25.0	%	24.0	%	23.5	%	26.6	%	27.6	%
Net Income attributable to OJSC VimpelCom	2.6		4.0		16.0		0.3		-15.0		-1.3		3.7		-12.0		10.0		4.2		2.7		-1.6		10.7
Capital Expenditures	5.4		20.4		20.7		44.3		14.6		20.9		19.1		23.7		0.2		0.4		1.3		7.8		3.1
MOBILE	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	19.9		23.2		25.8		23.5		22.9		26.4		31.6		27.2		21.3		19.7		20.3		18.3		15.1
including Mobile Interconnect	2.3		3.2		4.1		4.2		4.5		5.3		8.0		7.1		5.2		5.1		5.4		5.1		4.1
Adjusted OIBDA	11.1		11.6		13.4		9.7		10.4		10.3		13.9		12.5		10.5		9.2		9.8		7.6		6.2
Adjusted OIBDA, %	55.8	%	50.0	%	51.9	%	41.3	%	45.4	%	39.0	%	44.0	%	46.0	%	49.3	%	46.7	%	48.3	%	41.5	%	41.1	%
Subscriptions (‘000)	439.9		471.0		447.0		442.4		520.4		654.5		783.6		544.3		480.8		486.3		502.0		545.0		549.0
ARPU, US$	14.5		17.3		17.6		17.4		16.1		15.3		13.9		13.6		13.9		13.6		13.7		11.5		9.0
MOU, min	141.3		185.1		181.0		171.8		158.9		164.9		139.9		150.0		174.7		238.4		269.0		268.2		345.6
Churn 3 months active base(quarterly), %	n/a		n/a		n/a		12.3	%	28.8	%	13.1	%	18.5	%	45.7	%	24.5	%	12.2	%	11.4	%	10.5	%	13.6	%
FIXED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	34.2		35.2		37.6		36.3		36.2		38.3		37.2		36.5		31.4		29.5		31.1		29.0		26.6
including business segment	0.0		0.0		0.0		0.0		0.0		0.0		0.0		0.0		0.0		0.0		0.0		6.0		5.4
including wholesale segment	0.0		0.0		0.0		0.0		0.0		0.0		0.0		0.0		0.0		0.0		0.0		4.7		8.7
including residential segment	34.2		35.2		37.6		36.3		36.2		38.3		37.2		36.5		31.4		29.5		31.1		18.3		12.5
Adjusted OIBDA	16.2		18.5		19.5		22.8		18.7		20.0		19.6		19.2		16.7		15.6		16.5		15.1		12.9
Adjusted OIBDA, %	47.4	%	52.6	%	51.9	%	62.8	%	51.7	%	52.2	%	52.7	%	52.6	%	53.2	%	52.9	%	53.1	%	52.1	%	48.5	%
Broadband subscriptions (‘000)	0		0		0		0		0		0		5.4		9.2		15.3		19.2		18.1		26.2		31.2
Reconciliation of OIBDA total	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Adjusted OIBDA	27.3		30.1		32.9		32.5		29.1		30.3		33.5		31.7		27.2		24.8		26.3		22.7		19.1
Depreciation	(13.9	)	(18.7	)	(10.6	)	(21.9	)	(27.0	)	(22.8	)	(13.2	)	(26.4	)	(14.0	)	(10.5	)	(15.7	)	(17.0	)	(9.8	)
Amortization	(5.9	)	(5.9	)	(7.0	)	(7.7	)	(10.1	)	(9.8	)	(10.0	)	(9.9	)	(6.6	)	(5.8	)	(5.8	)	(5.7	)	(1.3	)
Impairment loss	—		—		—		—		—		—		—		—		—		—		—		—		—
Operating income	7.5		5.5		15.3		2.9		(8.0	)	(2.3	)	10.3		(4.6	)	6.6		8.5		4.8		—		8.0
Interest income	0.1		0.2		0.2		0.3		0.3		0.4		0.5		0.7		0.9		1.3		1.1		1.1		1.3
Net foreign exchange gain/(loss)	(0.4	)	1.5		(1.4	)	1.5		(2.9	)	0.6		2.9		0.4		4.9		(2.5	)	1.1		(0.8	)	4.0
Interest expense	(0.6	)	(0.1	)	(0.3	)	(1.3	)	(0.7	)	(0.7	)	(0.5	)	(0.5	)	(0.4	)	(0.2	)	(0.3	)	(0.3	)	(0.2	)
Equity in net gain/(loss) of associates	—		—		—		—		—		—		—		—		—		—		—		—		—
Other (expense)/income, net	(0.9	)	(1.0	)	—		(1.3	)	(3.0	)	(1.5	)	(1.6	)	(4.3	)	(0.6	)	1.1		(1.9	)	(0.4	)	(0.4	)
Income tax expense	(2.9	)	(1.9	)	2.2		(1.8	)	(0.7	)	2.2		(7.9	)	(3.7	)	(1.4	)	(4.0	)	(2.1	)	(1.2	)	(2.0	)
Net income/(loss)	2.8		4.2		16.0		0.3		(15.0	)	(1.3	)	3.7		(12.0	)	10.0		4.2		2.7		(1.6	)	10.7
Adjusted OIBDA margin as a percentage of net operating revenue	50.5	%	51.5	%	51.9	%	54.3	%	49.2	%	46.8	%	48.7	%	49.8	%	51.6	%	50.4	%	51.2	%	48.0	%	45.8	%
Depreciation	(25.7	)%	(32.0	)%	(16.8	)%	(36.6	)%	(45.6	)%	(35.3	)%	(19.2	)%	(41.5	)%	(26.6	)%	(21.3	)%	(30.6	)%	(35.9	)%	(23.5	)%
Amortization	(10.9	)%	(10.1	)%	(11.0	)%	(12.9	)%	(17.1	)%	(15.1	)%	(14.5	)%	(15.5	)%	(12.5	)%	(11.8	)%	(11.3	)%	(12.1	)%	(3.1	)%
Impairment loss	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Operating income	13.9	%	9.4	%	24.1	%	4.8	%	(13.5	)%	(3.6	)%	15.0	%	(7.2	)%	12.5	%	17.3	%	9.3	%	0.0	%	19.2	%
Interest income	0.2	%	0.3	%	0.3	%	0.5	%	0.5	%	0.6	%	0.7	%	1.1	%	1.7	%	2.6	%	2.1	%	2.3	%	3.1	%
Net foreign exchange gain/(loss)	(0.7	)%	2.6	%	(2.2	)%	2.5	%	(4.9	)%	0.9	%	4.2	%	0.6	%	9.3	%	(5.1	)%	2.1	%	(1.7	)%	9.6	%
Interest expense	(1.1	)%	(0.2	)%	(0.5	)%	(2.2	)%	(1.2	)%	(1.1	)%	(0.7	)%	(0.8	)%	(0.8	)%	(0.4	)%	(0.6	)%	(0.6	)%	(0.5	)%
Equity in net gain/(loss) of associates	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Other (expense)/income, net	(1.7	)%	(1.6	)%	0.0	%	(2.1	)%	(5.1	)%	(2.2	)%	(2.3	)%	(6.7	)%	(1.0	)%	2.2	%	(3.5	)%	(0.9	)%	(0.9	)%
Income tax expense	(5.4	)%	(3.3	)%	3.5	%	(3.0	)%	(1.2	)%	3.4	%	(11.5	)%	(5.8	)%	(2.7	)%	(8.1	)%	(4.1	)%	(2.5	)%	(4.8	)%
Net income/(loss)	5.2	%	7.2	%	25.2	%	0.5	%	(25.4	)%	(2.0	)%	5.4	%	(18.8	)%	19.0	%	8.5	%	5.3	%	(3.4	)%	25.7	%

Tajikistan

(in US$ millions, unless stated otherwise, unaudited)

CONSOLIDATED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	2.9		5.2		7.7		8.1		8.4		11.2		14.8		16.4		14.4		14.3		14.9		15.6		14.8
Gross margin	1.6		3.2		5.2		5.1		5.2		7.2		10.0		11.5		10.3		10.5		11.4		11.6		10.8
Gross margin, %	55.2	%	61.5	%	67.5	%	63.0	%	61.9	%	64.3	%	67.6	%	70.1	%	71.5	%	73.4	%	76.5	%	74.4	%	73.0	%
Adjusted OIBDA	-0.3		0.1		1.6		1.4		1.3		2.6		4.8		5.3		4.9		5.4		5.2		7.1		4.4
Adjusted OIBDA, %	n/a		1.9	%	20.8	%	17.3	%	15.5	%	23.2	%	32.4	%	32.3	%	34.0	%	37.8	%	34.9	%	45.5	%	29.7	%
SG&A	1.9		3.1		3.5		3.5		4.0		4.5		5.2		6.2		5.4		5.1		6.2		4.5		6.3
including Sales & Marketing Expenses	0.8		1.3		1.5		1.4		1.2		1.4		1.7		1.7		1.3		1.1		1.0		1.0		1.2
including advertising	0.3		0.7		0.5		0.5		0.6		0.6		0.5		0.5		0.3		0.2		0.3		0.3		0.3
including General & Administrative Costs	1.1		1.8		2.0		2.1		2.8		3.1		3.5		4.5		4.1		4.0		5.2		3.5		5.1
SG&A, %	65.5	%	59.6	%	45.5	%	43.2	%	47.6	%	40.2	%	35.1	%	37.8	%	37.5	%	35.7	%	41.6	%	28.8	%	42.6	%
Net Income attributable to OJSC VimpelCom	-1.0		-1.8		-0.3		-2.5		-1.2		-3.0		-0.3		-0.7		-0.2		0.0		-0.3		0.6		-0.2
Capital Expenditures	13.5		5.7		6.1		20.2		7.2		13.5		6.4		18.0		0.4		0.8		0.5		5.4		0.1
MOBILE	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	2.9		5.2		7.7		8.1		8.4		11.2		14.8		16.4		14.4		14.3		14.9		15.6		13.3
including Mobile Interconnect	0.2		0.4		1.7		2.1		2.0		2.9		4.7		5.4		4.3		4.7		5.4		6.0		5.6
Adjusted OIBDA	-0.3		0.1		1.6		1.4		1.3		2.6		4.8		5.3		4.9		5.4		5.2		7.1		4.1
Adjusted OIBDA, %	n/a		1.9	%	20.8	%	17.3	%	15.5	%	23.2	%	32.4	%	32.3	%	34.0	%	37.8	%	34.9	%	45.5	%	29.7	%
Subscriptions ('000)	145.3		204.9		268.4		339.4		377.9		435.3		526.6		624.6		722.3		677.1		706.0		743.0		820.0
ARPU, US$	8.7		10.1		10.8		9.0		8.0		9.4		10.4		9.6		7.1		6.9		7.2		7.2		5.6
MOU, min	205.8		224.2		230.3		216.3		205.8		241.1		255.9		243.4		171.7		173.1		173.3		173.6		157.9
Churn 3 months active base (quarterly), %	n/a		n/a		n/a		5.3	%	8.6	%	9.7	%	10.6	%	12.7	%	2.7	%	20.6	%	14.9	%	14.7	%	13.6	%
FIXED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	0		0		0		0		0		0		0		0		0		0		0		0		1.5
including business segment	0		0		0		0		0		0		0		0		0		0		0		0		0.0
including wholesale segment	0		0		0		0		0		0		0		0		0		0		0		0		1.5
including residential segment	0		0		0		0		0		0		0		0		0		0		0		0		0.0
Adjusted OIBDA	0		0		0		0		0		0		0		0		0		0		0		0		0.3
Adjusted OIBDA, %	0		0		0		0		0		0		0		0		0		0		0		0		20.0	%
Broadband subscriptions ('000)	0		0		0		0		0		0		0		0		0		0		0		0		0
Reconciliation of OIBDA total	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Adjusted OIBDA	(0.3	)	0.1		1.6		1.4		1.3		2.6		4.8		5.3		4.9		5.4		5.2		7.1		4.4
Depreciation	(0.3	)	(0.6	)	(0.9	)	(1.5	)	(1.7	)	(3.1	)	(3.1	)	(3.5	)	(3.5	)	(3.5	)	(3.5	)	(4.7	)	(3.7	)
Amortization	(0.2	)	(0.2	)	(0.2	)	(0.2	)	(0.2	)	(0.3	)	(0.2	)	(0.2	)	(0.2	)	(0.3	)	(0.3	)	(0.3	)	(0.2	)
Impairment loss	—		—		—		—		—		—		—		—		—		—		—		—		—
Operating income	(0.8	)	(0.7	)	0.5		(0.3	)	(0.6	)	(0.8	)	1.5		1.6		1.2		1.6		1.4		2.1		0.5
Interest income	—		—		—		—		—		—		—		—		—		—		—		—		—
Net foreign exchange gain/(loss)	—		—		—		0.4		0.1		(0.2	)	0.1		—		(0.2	)	—		—		(0.2	)	(0.1	)
Interest expense	(0.6	)	(0.8	)	(0.9	)	(1.2	)	(1.4	)	(1.6	)	(1.8	)	(1.8	)	(1.7	)	(1.7	)	(1.6	)	(1.6	)	(1.5	)
Equity in net gain/(loss) of associates	—		—		—		—		—		—		—		—		—		—		—		—		—
Other (expense)/income, net	(0.1	)	0.1		—		(0.1	)	0.1		(0.1	)	(0.2	)	(0.7	)	0.3		—		(0.3	)	0.1		—
Income tax expense	0.3		(0.1	)	0.1		(1.5	)	0.6		0.1		0.1		0.2		0.1		0.1		0.1		0.3		0.8
Net income/(loss)	(1.2	)	(1.5	)	(0.3	)	(2.7	)	(1.2	)	(2.6	)	(0.3	)	(0.7	)	(0.3	)	0.0		(0.4	)	0.7		(0.3	)
Adjusted OIBDA margin as a percentage of net operating revenue	n/a		1.9	%	20.8	%	17.3	%	15.5	%	23.2	%	32.4	%	32.3	%	34.0	%	37.8	%	34.9	%	45.5	%	29.7	%
Depreciation	n/a		(11.6	%)	(11.7	%)	(18.5	%)	(20.2	%)	(27.6	%)	(20.9	%)	(21.3	%)	(24.3	%)	(24.5	%)	(23.5	%)	(30.1	%)	(24.9	%)
Amortization	n/a		(3.8	%)	(2.6	%)	(2.5	%)	(2.4	%)	(2.7	%)	(1.4	%)	(1.2	%)	(1.4	%)	(2.1	%)	(2.0	%)	(1.9	%)	(1.4	%)
Impairment loss	n/a		0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Operating income	n/a		(13.5	%)	6.5	%	(3.7	%)	(7.1	%)	(7.1	%)	10.1	%	9.8	%	8.3	%	11.2	%	9.4	%	13.5	%	3.4	%
Interest income	n/a		0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Net foreign exchange gain/(loss)	n/a		0.0	%	0.0	%	4.9	%	1.2	%	(1.8	%)	0.7	%	0.0	%	(1.4	%)	0.0	%	0.0	%	(1.3	%)	(0.7	%)
Interest expense	n/a		(15.4	%)	(11.7	%)	(14.8	%)	(16.7	%)	(14.3	%)	(12.2	%)	(11.0	%)	(11.8	%)	(11.9	%)	(10.7	%)	(10.3	%)	(10.1	%)
Equity in net gain/(loss) of associates	n/a		0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Other (expense)/income, net	n/a		2.0	%	0.0	%	(1.2	%)	1.2	%	(0.9	%)	(1.3	%)	(4.3	%)	2.1	%	0.0	%	(2.1	%)	0.7	%	0.0	%
Income tax expense	n/a		(1.9	%)	1.3	%	(18.5	%)	7.1	%	0.9	%	0.7	%	1.2	%	0.7	%	0.7	%	0.7	%	1.9	%	5.4	%
Net income/(loss)	n/a		(28.8	%)	(3.9	%)	(33.3	%)	(14.3	%)	(23.2	%)	(2.0	%)	(4.3	%)	(2.1	%)	0.0	%	(2.7	%)	4.5	%	(2.0	%)

Georgia

(in US$ millions, unless stated otherwise, unaudited)

CONSOLIDATED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	0.03		0.2		0.3		0.9		2.4		3.9		5.4		5.9		6.0		7.1		8.9		10.2		10.9
Gross margin	0.00		-0.01		0.03		0.24		0.8		1.6		2.6		2.6		2.9		3.6		4.7		5.1		5.7
Gross margin, %	n/a		n/a		10.0	%	26.7	%	33.3	%	41.0	%	48.1	%	44.1	%	48.3	%	50.7	%	52.8	%	50.0	%	52.3	%
Adjusted OIBDA	-1.2		-1.9		-2.0		-2.3		-2.2		-2.1		-1.1		-1.2		-0.5		0.1		1.0		0.4		1.1
Adjusted OIBDA, %	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		1.4	%	11.2	%	3.9	%	10.1	%
SG&A	1.2		1.9		2.1		2.6		3.0		3.7		3.7		3.8		3.4		3.5		3.8		4.7		4.5
including Sales & Marketing Expenses	0.2		0.3		0.4		0.6		0.6		0.6		0.8		0.9		0.6		0.7		0.8		1.1		1.1
including advertising	0.0		1.2		0.3		0.4		0.3		0.4		0.6		0.6		0.2		0.2		0.3		0.4		0.3
including General & Administrative Costs	1.0		1.6		1.7		2.0		2.4		3.1		2.9		2.9		2.8		2.8		3.0		3.6		3.4
SG&A, %	n/a		950.0	%	700.0	%	288.9	%	125.0	%	94.9	%	68.5	%	64.4	%	56.7	%	49.3	%	42.7	%	46.1	%	41.3	%
Net Income attributable to OJSC VimpelCom	-1.9		-2.0		-2.3		-1.4		0.1		-1.5		-5.3		-30.7		-3.6		-2.9		-4.1		-3.9		-6.1
Capital Expenditures	16.6		9.4		4.8		28.9		7.0		12.2		8.9		7.1		1.6		2.1		2.5		3.3		4.3
MOBILE	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	0.03		0.2		0.3		0.9		2.4		3.9		5.4		5.9		6.0		7.1		8.9		10.2		10.6
including Mobile Interconnect	0.00		0.0		0.1		0.2		0.6		0.9		1.3		1.5		1.5		1.8		2.4		2.5		2.3
Adjusted OIBDA	-1.2		-1.9		-2.0		-2.3		-2.2		-2.1		-1.1		-1.2		-0.5		0.1		1.0		0.4		1.1
Adjusted OIBDA, %	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		1.4	%	11.2	%	3.9	%	10.1	%
Subscriptions (‘000)	7.3		14.0		26.6		72.7		146.2		168.6		189.0		225.1		246.4		289.2		341.0		399.0		431.0
ARPU, US$	3.2		4.8		6.3		9.0		7.4		8.2		9.9		9.7		8.4		8.8		9.2		8.4		7.5
MOU, min	47.9		82.5		85.1		121.5		87.1		89.3		109.8		129.8		121.2		123.1		129.3		131.1		125.0
Churn 3 months active base (quarterly), %	n/a		n/a		n/a		17.6	%	1.4	%	16.8	%	13.8	%	11.7	%	7.8	%	10.8	%	10.7	%	15.7	%	11.2	%
FIXED	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenues	0		0		0		0		0		0		0		0		0		0		0		0		0.3
including business segment	0		0		0		0		0		0		0		0		0		0		0		0		0.0
including wholesale segment	0		0		0		0		0		0		0		0		0		0		0		0		0.3
including residential segment	0		0		0		0		0		0		0		0		0		0		0		0		0.0
Adjusted OIBDA	0		0		0		0		0		0		0		0		0		0		0		0		0.0
Adjusted OIBDA, %	0		0		0		0		0		0		0		0		0		0		0		0		6.7	%
Broadband subscriptions (‘000)	0		0		0		0		0		0		0		0		0		0		0		0		0
Reconciliation of OIBDA total	Q1 2007		Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Adjusted OIBDA	(1.2	)	(1.9	)	(2.0	)	(2.3	)	(2.2	)	(2.1	)	(1.1	)	(1.2	)	(0.5	)	0.1		1.0		0.4		1.1
Depreciation	(0.1	)	(0.5	)	(0.8	)	(1.1	)	(1.5	)	(1.9	)	(2.1	)	(2.7	)	(2.9	)	(2.9	)	(2.8	)	(3.1	)	(2.8	)
Amortization	(0.9	)	(1.2	)	(1.3	)	(1.3	)	(1.3	)	(2.0	)	(2.0	)	(1.8	)	(1.7	)	(1.7	)	(1.7	)	(1.6	)	(1.6	)
Impairment loss	—		—		—		—		—		—		—		—		—		—		—		—		—
Operating income	(2.2	)	(3.6	)	(4.1	)	(4.7	)	(5.0	)	(6.0	)	(5.2	)	(5.7	)	(5.1	)	(4.5	)	(3.5	)	(4.3	)	(3.3	)
Interest income	—		—		—		—		—		—		—		—		—		—		—		—		—
Net foreign exchange gain/(loss)	0.2		0.6		0.3		2.4		6.5		4.1		1.1		(22.8	)	(0.3	)	1.2		(1.8	)	(0.9	)	(6.1	)
Interest expense	(0.4	)	(0.6	)	(0.9	)	(1.2	)	(1.5	)	(1.9	)	(2.2	)	(2.6	)	(2.5	)	(2.7	)	(2.7	)	(2.7	)	(2.8	)
Equity in net gain/(loss) of associates	—		—		—		—		—		—		—		—		—		—		—		—		—
Other (expense)/income, net	—		—		—		0.1		(0.1	)	0.1		(0.1	)	0.1		—		(0.2	)	(0.1	)	0.1		—
Income tax expense	(1.3	)	(0.3	)	0.2		0.6		0.3		0.8		0.5		0.3		0.8		0.5		0.1		0.2		0.2
Net income/(loss)	(3.7	)	(3.9	)	(4.5	)	(2.8	)	0.2		(2.9	)	(5.9	)	(30.7	)	(7.1	)	(5.7	)	(8.0	)	(7.6	)	(12.0	)
Adjusted OIBDA margin as a percentage of net operating revenue	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		1.4	%	11.2	%	3.9	%	10.1	%
Depreciation	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		(40.8	)%	(31.5	)%	(30.4	)%	(25.7	)%
Amortization	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		(23.9	)%	(19.1	)%	(15.7	)%	(14.7	)%
Impairment loss	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		0.0	%	0.0	%	0.0	%	0.0	%
Operating income	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		(63.4	)%	(39.3	)%	(42.2	)%	(30.3	)%
Interest income	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		0.0	%	0.0	%	0.0	%	0.0	%
Net foreign exchange gain/(loss)	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		16.9	)%	(20.2	)%	(8.8	)%	(55.9	)%
Interest expense	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		(38.0	)%	(30.3	)%	(26.5	)%	(25.7	)%
Equity in net gain/(loss) of associates	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		0.0	%	0.0	%	0.0	%	0.0	%
Other (expense)/income, net	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		(2.8	)%	(1.2	)%	1.0	%	0.0	%
Income tax expense	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		7.0	%	1.1	%	2.0	%	1.8	%
Net income/(loss)	n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a		(80.3	)%	(89.9	)%	(74.5	)%	(110.1	)%

Kyrgyzstan

(in US$ millions, unless stated otherwise, unaudited)

CONSOLIDATED	Q1 2007	Q2 2007	Q3 2007	Q4 2007	Q1 2008	Q2 2008	Q3 2008	Q4 2008	Q1 2009	Q2 2009	Q3 2009	Q4 2009	Q1 2010
Net operating revenue	0	0	0	0	0	0	0	0	0	0	0	0	25.5
Gross margin	0	0	0	0	0	0	0	0	0	0	0	0	20.0
Gross margin, %	0	0	0	0	0	0	0	0	0	0	0	0	78.4	%
Adjusted OIBDA	0	0	0	0	0	0	0	0	0	0	0	0	9.5
Adjusted OIBDA, %	0	0	0	0	0	0	0	0	0	0	0	0	37.3	%
SG&A	0	0	0	0	0	0	0	0	0	0	0	0	7.5
including Sales & Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	1.6
including advertising	0	0	0	0	0	0	0	0	0	0	0	0	0.5
including General & Administrative Costs	0	0	0	0	0	0	0	0	0	0	0	0	5.9
SG&A, %	0	0	0	0	0	0	0	0	0	0	0	0	29.4	%
Net Income attributable to OJSC VimpelCom	0	0	0	0	0	0	0	0	0	0	0	0	0.0
Capital Expenditures	0	0	0	0	0	0	0	0	0	0	0	0	1.0
MOBILE	Q1 2007	Q2 2007	Q3 2007	Q4 2007	Q1 2008	Q2 2008	Q3 2008	Q4 2008	Q1 2009	Q2 2009	Q3 2009	Q4 2009	Q1 2010
Net operating revenue	0	0	0	0	0	0	0	0	0	0	0	0	25.5
including Mobile Interconnect	0	0	0	0	0	0	0	0	0	0	0	0	6.0
Adjusted OIBDA	0	0	0	0	0	0	0	0	0	0	0	0	9.5
Adjusted OIBDA, %	0	0	0	0	0	0	0	0	0	0	0	0	37.3	%
Subscriptions ('000)	0	0	0	0	0	0	0	0	0	0	0	0	1,774
ARPU, US$	0	0	0	0	0	0	0	0	0	0	0	0	4.7
MOU, min	0	0	0	0	0	0	0	0	0	0	0	0	193.9
Churn 3 months active base (quarterly), %	0	0	0	0	0	0	0	0	0	0	0	0	17.2	%
FIXED	Q1 2007	Q2 2007	Q3 2007	Q4 2007	Q1 2008	Q2 2008	Q3 2008	Q4 2008	Q1 2009	Q2 2009	Q3 2009	Q4 2009	Q1 2010
Net operating revenue	0	0	0	0	0	0	0	0	0	0	0	0	0
including business segment	0	0	0	0	0	0	0	0	0	0	0	0	0
including wholesale segment	0	0	0	0	0	0	0	0	0	0	0	0	0
including residential segment	0	0	0	0	0	0	0	0	0	0	0	0	0
Adjusted OIBDA	0	0	0	0	0	0	0	0	0	0	0	0	0
Adjusted OIBDA, %	0	0	0	0	0	0	0	0	0	0	0	0	0
Broadband subscriptions ('000)	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciliation of OIBDA total	Q1 2007	Q2 2007	Q3 2007	Q4 2007	Q1 2008	Q2 2008	Q3 2008	Q4 2008	Q1 2009	Q2 2009	Q3 2009	Q4 2009	Q1 2010
Adjusted OIBDA	0	0	0	0	0	0	0	0	0	0	0	0	9.5
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	(3.3	)
Amortization	0	0	0	0	0	0	0	0	0	0	0	0	(0.8	)
Impairment loss						0	0	0	0	0	0	0	—
Operating income	0	0	0	0	0	0	0	0	0	0	0	0	5.4
Interest income	0	0	0	0	0	0	0	0	0	0	0	0	0.7
Net foreign exchange gain/(loss)	0	0	0	0	0	0	0	0	0	0	0	0	0.4
Interest expense	0	0	0	0	0	0	0	0	0	0	0	0	0.0
Equity in net gain/(loss) of associates	0	0	0	0	0	0	0	0	0	0	0	0	0.0
Other (expense)/income, net	0	0	0	0	0	0	0	0	0	0	0	0	0.1
Income tax expense	0	0	0	0	0	0	0	0	0	0	0	0	(0.6	)
Net income/(loss)	0	0	0	0	0	0	0	0	0	0	0	0	6.0
Adjusted OIBDA margin as a percentage of net operating revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	37.3	%
Depreciation	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	(13.0	%)
Amortization	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	(3.1	%)
Impairment loss						n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	%
Operating income	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	21.2	%
Interest income	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	2.7	%
Net foreign exchange gain/(loss)	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1.6	%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	%
Equity in net gain/(loss) of associates	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	%
Other (expense)/income, net	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.4	%
Income tax expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	(2.4	%)
Net income/(loss)	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	23.5	%

SEA

(in US$ millions, unless stated otherwise, unaudited)

CONSOLIDATED	Q1 2007	Q2 2007	Q3 2007	Q4 2007	Q1 2008	Q2 2008	Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenue	0	0	0	0	0	0	0.0		0.0		0.0		0.9		2.4		2.4		4.4
Gross margin	0	0	0	0	0	0	0.0		0.0		0.0		-1.0		-0.7		0.5		2.3
Gross margin, %	0	0	0	0	0	0	n/a		n/a		n/a		-111.1	%	-29.2	%	20.8	%	52.3	%
Adjusted OIBDA	0	0	0	0	0	0	-0.2		-0.8		-1.6		-5.5		-7.5		-6.4		-5.9
Adjusted OIBDA, %	0	0	0	0	0	0	n/a		n/a		n/a		n/a		n/a		n/a		n/a
SG&A	0	0	0	0	0	0	0.2		0.8		1.6		4.5		6.8		7.0		8.2
including Sales & Marketing Expenses	0	0	0	0	0	0	0.0		0.0		0.0		1.7		2.5		2.0		3.0
including advertising	0	0	0	0	0	0	0.0		0.0		0.0		1.1		1.1		0.7		0.7
including General & Administrative Costs	0	0	0	0	0	0	0.2		0.8		1.6		2.8		4.3		5.0		5.2
SG&A, %	0	0	0	0	0	0	n/a		n/a		n/a		500.0	%	283.3	%	291.7	%	186.4	%
Net Income attributable to OJSC VimpelCom	0	0	0	0	0	0	-0.1		1.0		1.3		-10.3		-16.4		-25.4		-15.5
Capital Expenditures	0	0	0	0	0	0	0.4		7.4		12.9		23.6		8.2		22.8		16.9
MOBILE	Q1 2007	Q2 2007	Q3 2007	Q4 2007	Q1 2008	Q2 2008	Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenue	0	0	0	0	0	0	0		0		0		0.9		2.4		2.4		4.4
including Mobile Interconnect	0	0	0	0	0	0	0		0		0		0		0.2		0.3		0.6
Adjusted OIBDA	0	0	0	0	0	0	-0.2		-0.8		-1.6		-5.5		-7.5		-6.4		-5.9
Adjusted OIBDA, %	0	0	0	0	0	0	n/a		n/a		n/a		n/a		n/a		n/a		n/a
Subscriptions (’000)	0	0	0	0	0	0	0		0		0		79	*	95	*	367		491
ARPU, US$	0	0	0	0	0	0	0		0		0		n/m		n/m		n/m		3.5
MOU, min	0	0	0	0	0	0	0		0		0		n/m		n/m		n/m		350.7
Churn 3 months active base (quarterly), %	0	0	0	0	0	0	0		0		0		n/m		n/m		n/m		n/m
FIXED	Q1 2007	Q2 2007	Q3 2007	Q4 2007	Q1 2008	Q2 2008	Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Net operating revenue	0	0	0	0	0	0	0		0		0		0		0		0		0
including business segment	0	0	0	0	0	0	0		0		0		0		0		0		0
including wholesale segment	0	0	0	0	0	0	0		0		0		0		0		0		0
including residential segment	0	0	0	0	0	0	0		0		0		0		0		0		0
Adjusted OIBDA	0	0	0	0	0	0	0		0		0		0		0		0		0
Adjusted OIBDA, %	0	0	0	0	0	0	0		0		0		0		0		0		0
Broadband subscriptions ('000)	0	0	0	0	0	0	0		0		0		0		0		0		0
Reconciliation of OIBDA total	Q1 2007	Q2 2007	Q3 2007	Q4 2007	Q1 2008	Q2 2008	Q3 2008		Q4 2008		Q1 2009		Q2 2009		Q3 2009		Q4 2009		Q1 2010
Adjusted OIBDA	0	0	0	0	0	0	(0.2	)	(0.8	)	(1.6	)	(5.5	)	(7.4	)	(6.4	)	(5.9	)
Depreciation	0	0	0	0	0	0	—		—		—		(0.3	)	(1.5	)	(2.4	)	(2.7	)
Amortization	—	—	—	—	0	0	—		—		—		(0.2	)	(0.5	)	(0.3	)	(0.4	)
Impairment loss	—	—	—	—	—	—	—		—		—		—		—		—		—
Operating income	0	0	0	0	0	0	(0.2	)	(0.8	)	(1.6	)	(6.0	)	(9.4	)	(9.1	)	(9.0	)
Interest income	0	0	0	0	0	0	—		—		—		—		—		—		—
Net foreign exchange gain/(loss)	0	0	0	0	0	0	—		—		—		—		—		—		0.1
Interest expense	0	0	0	0	0	0	—		(0.1	)	(0.3	)	(0.6	)	(1.4	)	(1.7	)	(1.8	)
Equity in net gain/(loss) of associates	0	0	0	0	0	0	0.0		1.8		3.1		(4.3	)	(6.7	)	(15.8	)	(5.9	)
Other (expense)/income, net	0	0	0	0	0	0	—		—		—		—		—		—		—
Income tax expense	0	0	0	0	0	0	—		—		—		—		—		—		—
Net income/(loss)	0	0	0	0	0	0	(0.2	)	0.9		1.2		(10.9	)	(17.5	)	(26.6	)	(16.6	)
Adjusted OIBDA margin total as a percentage of net operating revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a		n/a		n/a		n/a		n/a		n/a		n/a
Depreciation	n/a	n/a	n/a	n/a	n/a	n/a	n/a		n/a		n/a		n/a		n/a		n/a		n/a
Amortization	n/a	n/a	n/a	n/a	n/a	n/a	n/a		n/a		n/a		n/a		n/a		n/a		n/a
Impairment loss	n/a	n/a	n/a	n/a	n/a	n/a	n/a		n/a		n/a		n/a		n/a		n/a		n/a
Operating income	n/a	n/a	n/a	n/a	n/a	n/a	n/a		n/a		n/a		n/a		n/a		n/a		n/a
Interest income	n/a	n/a	n/a	n/a	n/a	n/a	n/a		n/a		n/a		n/a		n/a		n/a		n/a
Net foreign exchange gain/(loss)	n/a	n/a	n/a	n/a	n/a	n/a	n/a		n/a		n/a		n/a		n/a		n/a		n/a
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a		n/a		n/a		n/a		n/a		n/a		n/a
Equity in net gain/(loss) of associates	n/a	n/a	n/a	n/a	n/a	n/a	n/a		n/a		n/a		n/a		n/a		n/a		n/a
Other (expense)/income, net	n/a	n/a	n/a	n/a	n/a	n/a	n/a		n/a		n/a		n/a		n/a		n/a		n/a
Income tax expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a		n/a		n/a		n/a		n/a		n/a		n/a
Net income/(loss)	n/a	n/a	n/a	n/a	n/a	n/a	n/a		n/a		n/a		n/a		n/a		n/a		n/a

* In 2Q '09 and 3Q '09 we reported 79 and 95 thousands as active subscriptions in Cambodia which were calculated on a one month basis. Starting from 4Q09 we report active subscriptions base in Cambodia calculated on athree month basis.

Representative acting under the unnumbered power of attorney, dated April 28, 2010

Mr. Vladimir Aleksandrovich Markin

Representative acting under the unnumbered power of attorney, dated April 28, 2010

Mr. Aleksandr Dmitrievich Tarabrin

(the title of the chief executive officer or another person who signs the squeeze-out demand to purchase securities on behalf of the person making such offer and the title and details of the document authorizing such other person to sign the squeeze-out demand to purchase securities on behalf of the person making such offer)

(sign here)

(full name.)

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