(1) qibs that are qps (each as defined below) or (2

30.6% voting interest in the enlarged VimpelCom Ltd. group and US$1,495.0 million in cash. Upon closing of theWeather Transaction, VimpelCom Ltd. will own, through Wind Telecom, 51.7% of Orascom Telecom HoldingS.A.E, or Orascom Telecom, and 100.0% of Wind Telecomunicazioni S.p.A., or Wind Italy. At or after the closingof the Weather Transaction, Wind Telecom’s interests in certain assets, which principally comprise OrascomTelecom’s investments in Egypt and North Korea and certain non-core Wind Italy assets, will be transferred to theWind Telecom shareholders, or if such transfers cannot be effected VimpelCom Ltd. will pay additionalconsideration to the Wind Telecom shareholders. Wind Hellas Telecommunications S.A., Wind Telecom’ssubsidiary in Greece, is entirely excluded from the Weather Transaction. The Weather Transaction is subject toconditions precedent, including approval of the VimpelCom Ltd. shareholders at a special general meeting whichhas been scheduled for March 17, 2011.Risk FactorsYou should carefully consider all information in this prospectus. In particular, you should evaluate thespecific risk factors relating to an investment in our securities set forth in the section of this prospectus entitled“Risk Factors.”We are an open joint stock company organized under the laws of the Russian Federation. Our company wasregistered in the Russian Federation on September 15, 1992 as a closed joint stock company and re-registered as anopen joint stock company on July 28, 1993. Our registered offices are located at 10 Ulitsa 8 Marta, Building 14,Moscow, Russian Federation 127083. Our telephone number is +7 (495) 725 0700.9