VimpelCom Appoints CFO

AMSTERDAM -- VimpelCom Ltd. (NYSE: VIP) today announced that Henk van Dalen will become Chief Financial Officer and a member of the Management Board of the VimpelCom Ltd. group. The appointment will be effective on September 1, 2010.

Henk van Dalen is CFO and a member of the Board of Management of TNT N.V., an international express and mail delivery services company, publicly listed and traded on Euronext Amsterdam, with operations in more than 200 countries and about 160,000 employees. Before becoming CFO of TNT in 2006, Henk van Dalen worked for 30 years at DSM N.V., a Euronext Amsterdam listed company involved in the production of nutritional, pharmaceutical and chemical products. Mr. van Dalen was group CFO of DSM from 2000 to 2006 and managed various divisions in the period 1990 – 2000.

Alexander Izosimov, CEO of the VimpelCom Ltd. group, said, "We are very enthusiastic about the new appointment of Henk Van Dalen, who brings with him a great deal of experience as a group CFO of large international companies."

Henk Van Dalen said, "After an exciting period at TNT, I am looking forward to joining VimpelCom Ltd., one of the world's leading emerging markets telecom operators. I am committed to contribute to VimpelCom's growth strategy and to support the company's continued success."

VimpelCom Ltd. (NYSE: VIP)