VimpelCom Enters Into a Loan Agreement to Raise Up to EUR 600 Million

MOSCOW and NEW YORK, Oct. 23 /PRNewswire-FirstCall/ -- Open Joint Stock
Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP)
today announced that it has signed a new unsecured loan agreement with The
Bank of Tokyo-Mitsubishi UFJ, Ltd., Barclays Capital (the investment banking
division of Barclays Bank PLC), BNP Paribas, Commerzbank Aktiengesellschaft,
Standard Bank Plc, Sumitomo Mitsui Banking Corporation Europe Limited and
WestLB AG, London Branch as Mandated Lead Arrangers and Bookrunners.
The facility has a 3 year tenor and an amortizing structure, with
repayments due in five equal semi-annual installments starting from the date
falling 12 months after the signing date. The rate of interest for the
facility is the percentage rate per annum which is the aggregate of EURIBOR
plus a margin of 2.30%.
VimpelCom intends to use the proceeds from the loan to continue the
development and expansion of its networks, including through possible
acquisitions or investments in existing operators, and to repay indebtedness.
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. The VimpelCom Group has
licences to operate in territories with a total population of about 340
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 ADRs are listed on the NYSE under the
symbol "VIP".
SOURCE Vimpel-Communications

Alexander Boreyko, VimpelCom, +7(495)910-5977,
Investor_Relations@vimpelcom.com; or Michael Polyviou, FD, +1-212-850-5600,
mpolyviou@fd-us.com