Moscow and New York (September 3, 2008) - Open Joint Stock Company “Vimpel-Communications” (“VimpelCom” or the “Company”) (NYSE: VIP) announced today the launch of the ‘Beeline Business’ brand for the Russian corporate market.

All the products and services provided to corporate clients by Golden Telecom and Corbina Telecom will be offered under the new single brand.

Alexander Izosimov, CEO of VimpelCom, said, “Today we want to say to the market that the integration is close to completion and we are working as one team now. Providing services under the single brand we are strengthening our competitive advantages and are ready to serve all the needs of business customers”.

“The launch of ‘Beeline Business’ means that we are an integrated operator which provides its clients with a wide range of telecom solutions. Business customers will soon find it natural to receive different types of communications services from one vendor that will help to make their business more successful”, said Jean-Pierre Vandromme, the Executive Vice President for Russian Operations of VimpelCom.

After the integration VimpelCom is becoming an operator which provides a full spectrum of telecom services*. Working under the strong single brand the Company will focus on offering corporate clients a unified high quality services across the whole Russia.

The VimpelCom Group consists of telecommunications operators providing voice and data services through a range of wireless, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia, in territories with a total population of about 250 million. The Group companies provide services under the "Beeline" brand.  VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".

*According to J’Son and Partners’ report as of August 29, 2008