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

IMPORTANT INFORMATION ABOUT THE OFFERFor information about Open Joint Stock Company “Vimpel-Communications” (“VimpelCom”), thisoffering (the “Offer”) and the terms and conditions of the Notes, you should rely only on the informationcontained in this prospectus. Barclays Bank PLC, BNP Paribas, Citigroup Global Markets Limited and TheRoyal Bank of Scotland plc (collectively, the “Lead Managers” and each a “Lead Manager”), VimpelCom,the Issuer and the Trustee have not authorized any person to provide you with different information. Ifanyone provides you with different or inconsistent information, you should not rely on it. You should assumethat the information appearing in this prospectus is accurate as of the date of this prospectus only.VimpelCom’s business, financial condition, results of operations and the information set forth in thisprospectus may have changed since that date.VimpelCom and the Issuer accept responsibility for the information contained in this prospectus. To the bestof the knowledge and belief of VimpelCom and the Issuer (having taken all reasonable care to ensure that such is thecase), the information contained in this prospectus is in accordance with the facts and does not omit anything likelyto affect the import of such information.VimpelCom, having made all reasonable inquiries, confirms that (i) this prospectus contains all informationwith respect to VimpelCom, its subsidiaries, the Loan Agreements and the Notes that is material to the Offer;(ii) such information is true and accurate in every material respect and is not misleading in any material respect;(iii) the opinions, assumptions and intentions expressed in this prospectus on the part of VimpelCom are honestlyheld or made, have been reached after considering all relevant circumstances, are based on reasonable assumptionsand are not misleading in any material respect; (iv) this prospectus does not contain any untrue statement of amaterial fact nor does it omit to state a material fact necessary to make the statements herein, in light of thecircumstances under which they were made, not misleading; and (v) all proper inquiries have been made toascertain and verify the foregoing. Accordingly, other than as provided above and in the paragraph below,VimpelCom accepts responsibility for the information contained in this prospectus.Notwithstanding the preceding paragraph, VimpelCom obtained the market data used in this prospectusfrom internal surveys, industry sources, government sources and publicly available information. AlthoughVimpelCom believes that its sources are reliable, information and data from industry and government sourceshas not been independently verified by VimpelCom, the Lead Managers, the Issuer or the Trustee or any of theirrespective affiliates or agents. VimpelCom confirms that the market data from internal surveys, industry sources,government sources and publicly available information used in this prospectus has been accurately reproduced andthat as far as it is aware and is able to ascertain from information published, no facts have been omitted whichwould render the reproduced information inaccurate or misleading, but none of VimpelCom, the Lead Managers,the Issuer or the Trustee nor any of their respective affiliates or agents makes any further representation or warrantyrelating thereto.Each Noteholder participating in the Offer will be deemed to have made certain acknowledgments,representations and agreements as set forth under the section of this prospectus entitled “Form of Notes andTransfer Restrictions.” The Issuer has not been and will not be registered under the Investment Company Act. TheNotes have not been registered under the Securities Act or any state securities laws or the laws of any otherjurisdiction, are subject to restrictions on transferability and resales, and unless so registered, may not betransferred or resold except pursuant to an applicable exemption from, or in a transaction not subject to, theregistration requirements of the Securities Act and other applicable securities laws and which does not require theIssuer to register under the Investment Company Act. Each purchaser of Notes should be aware that it may berequired to bear the financial risks of this investment for an indefinite period of time.None of the Lead Managers, the Trustee or the Issuer, makes any representation or warranty, express orimplied, as to the accuracy or completeness of any of the information in this prospectus. Each person receiving thisprospectus acknowledges that such person has not relied on any Lead Manager, the Issuer or the Trustee inconnection with its investigation of the accuracy of such information or its investment decision. Each personcontemplating accepting the Offer and making an investment in the Notes must make its own investigation andanalysis of the creditworthiness of VimpelCom and its own determination of the suitability of such investment, withparticular reference to its own investment objectives and experience, and any other factors that may be relevant to itin connection with such investment. No person has been authorized in connection with the Offer to make or provideany representation or information regarding VimpelCom or the Notes other than as contained in this prospectus.i