Amsterdam (December 12, 2011) – VimpelCom Ltd. (“VimpelCom” or “the Company”) (NYSE:VIP) announced today that it has completed a committed revolving credit facility of approximately USD 500 million for VimpelCom Amsterdam B.V. and a separate committed revolving credit facility of approximately USD 475 million for OJSC Vimpel-Communications (“OJSC VimpelCom”). As previously stated during VimpelCom’s Analyst & Investor day held on November 15, 2011, these credit facilities are in line with the overall Group strategy as they provide the Company with increased flexibility in managing its cash levels and will be used for general corporate purposes.
The three years credit facility for VimpelCom Amsterdam B.V. is committed by ten relationship banks. This facility is composed of USD 225 million and EUR 205 million and is guaranteed by OJSC VimpelCom and VimpelCom Holdings B.V.

The Company also completed a three years RUR 15 billion (approximately USD 475 million) revolving credit facility for OJSC VimpelCom with Sberbank.