Investor Presentaiton

O VimpelCom Ltd 2015 Shareholders agreement VimpelCom/GTH to retain operational control over OTA VimpelCom/GTH to continue to consolidate the results of OTA • OTA dividend policy Target pay-out ratio of not less than 42.5% of consolidated net income Board composition OTA: 4 by GTH (incl. Chairman with casting vote), 4 by FNI Optimum Telecom: 6 by GTH (incl. Chairman with casting vote), 4 by FNI and 2 employee representatives • No share transfers permitted during first 7 years • Secured an attractive exit via put option FNI = the Fonds National d'Investissement OTA = Omnium Telecom Algérie (Djezzy) 7 GTH = Global Telecom Holding O Global Telecom VimpelCom Holding Focusing Locally Empowering People Connecting Globally

View entire presentation