VimpelCom has appointed Jo Lunder the position Chief Executive Office

Telecom operator, VimpelCom, Ltd.. "Announced that Chief Executive Officer of VimpelCom Alexander Izosimov decided to leave his post June 30, 2011, and the Supervisory Board unanimously decided to appoint the Chairman of the Supervisory Board Jo Lunder the position Chief Executive Officer of VimpelCom.

Supervisory Board unanimously nominated co-founder and Honorary Chairman of the Board of Directors of VimpelCom Augie K. Fabela to position the new Chairman of the Supervisory Board of the Company, upon approval of the forthcoming Annual General Meeting of Shareholders ("AGM"), VimpelCom's list of candidates to the Supervisory Board and subsequent endorsement of his candidacy Supervisory Board.

Supervisory Board also decided to recommend to elect the following candidates to the Supervisory Board at the AGM 2011: Augie K. Fabela II, Mikhail Fridman, Kjell Morten Johnsen, Hans-Peter Kollhamer, Oleg Malis, Leonid Novoselsky, Alexey Reznikovich, Ole Syulstad Born and Ian Edward Thygesen. The Supervisory Board will determine the date of the list of shareholders entitled to participate in the AGM and the AGM approve the materials for delivery later in the month.