Amsterdam and New York (May 24, 2010) - “VimpelCom Ltd” (“VimpelCom” or the “Company”) (NYSE: VIP), a leading international provider of telecommunications services, today announced that it will webcast the conference call on pro forma first quarter 2010 operating results and selected financial data on Wednesday, May 26, 2010, at  4:30 pm CET, (10:30 am US ET).

The conference call will be hosted by Alexander Izosimov, President and Chief Executive Officer, VimpelCom Ltd. He 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 business development, OJSC VimpelCom; and
• Taras Parkhomenko, Chief Marketing Officer, Kyivstar.

The press release announcing the Company’s pro forma first quarter 2010 operating results and selected financial data will be available on the Company's web site, located at https://www.vimpelcom.com, prior to the conference call.

The call and slide presentation may be accessed via webcast at https://www.vimpelcom.com.

US call-in number:   + 1 888-239-5208
International call-in number:  + 1 913-312-1399

The conference call replay and the slide presentation webcast will be available through June 2, 2010 and June 26, 2010, respectively. The slide presentation will also be available for download on the Company's website.

US Replay Number:    +1 888-203-1112                    Confirmation Code:  4852070
International Replay Number:  +1 719-457-0820       Confirmation Code:  4852070