Sep. 30, 2009 (Hugin AS) -- (Fornebu, Norway, and Tyumen, Russia - 30 September 2009) The Federal
Arbitrazh (Business) Court of the West Siberia District, Tyumen,
today adjourned until 24 March 2010 the hearing of Telenor East
Invest AS's appeal of the ruling of the Eighth Arbitrazh Appellate
Court in Omsk holding Telenor East Invest AS liable for $1.73 billion
in damages as a result of a claim by Farimex Products Inc., the
holder of ADRs equal to 0.002 per cent of VimpelCom (NYSE:VIP) shares.


At the beginning of today's hearing, Farimex filed a motion
requesting that the Court delay the hearing until a case brought by
Telenor East Invest AS against Farimex in the United States District
Court for the Southern District of New York has been heard. The Court
granted that motion. Telenor's New York proceeding seeks to require
Farimex to arbitrate its claims against Telenor East Invest AS in
Geneva, Switzerland under the arbitration provisions of the VimpelCom
Shareholders Agreement.

Telenor's appeal of the Omsk ruling of 2 March 2009 was originally
scheduled to be heard in Tyumen on 26 May of this year, but was first
adjourned until 10 June on the grounds that third parties had not
been duly notified, and then again to 30 September. The reason given
by the Court for the second adjournment was Farimex's purported need
to review the documents filed in the Farimex case in New York.

Read more about our ownership interest in Russia and Ukraine:
http://www.telenor.com/in-focus-russia?cid=mail20093009_in-focus-Russia


Contact Information:
Dag Melgaard, Communication Manager, Telenor Group
Tel.: +47 901 92 000
E-mail: dag.melgaard@telenor.com

Anna Ivanova-Galitsina, PR and Communications Director, Telenor
Russia
Tel: +7 (495) 937 9588
E-mail: anna.galitsina@telenor.com


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.