News article: 21 April 2010
VimpelCom Ltd. Successfully Completes Exchange Offer for OJSC VimpelCom Shares and American Depositary Shares
(Fornebu 21 April 2010) Telenor has today sent a the following notice to the Oslo Stock Exchange:
Reference is made to today's announcement made by VimpelCom Ltd. regarding the successful completion of the Exchange Offer for OJSC VimpelCom Shares and American Depositary Shares.
VimpelCom Ltd. has accepted for exchange all OJSC VimpelCom shares and ADSs that were validly tendered and not withdrawn. All conditions for successful completion of the Exchange Offer have now been satisfied. The required approvals from the relevant regulatory authorities in Russia and Ukraine have been received and all legal and regulatory proceedings and enforcement actions in the Farimex Case against Telenor have been withdrawn, without cost or loss to Telenor.
Telenor now holds 39.6% of the economic interests and 36.0% of the voting rights in VimpelCom Ltd. Altimo's respective ownership interest is 39.2% and 44.7%. Minority shareholders represent 21.2% of the economic interests and 19.3% of the voting rights.
VimpelCom Ltd. has accepted for exchange all OJSC VimpelCom shares and ADSs that were validly tendered and not withdrawn. All conditions for successful completion of the Exchange Offer have now been satisfied. The required approvals from the relevant regulatory authorities in Russia and Ukraine have been received and all legal and regulatory proceedings and enforcement actions in the Farimex Case against Telenor have been withdrawn, without cost or loss to Telenor.
Telenor now holds 39.6% of the economic interests and 36.0% of the voting rights in VimpelCom Ltd. Altimo's respective ownership interest is 39.2% and 44.7%. Minority shareholders represent 21.2% of the economic interests and 19.3% of the voting rights.
To Editors:
VimpelCom Ltd.has also issued a press release - please see www.vimpelcomlimited.com
For OJSC VimpelCom press release, see: www.vimpelcom.com/index.wbp
Contact:
Dag Melgaard, Communication Manager, Telenor Group, tel: (+47) 901 92 000, email: dag.melgaard@telenor.com