October 29, 2008

VimpelCom Group Selects NetCracker As Its Strategic OSS Supplier

NetCracker was selected by Open Joint Stock Company VimpelCom Group (NYSE:VIP) as its strategic OSS supplier. The cooperation between NetCracker and VimpelCom is a continuation of the successful partnership originally established between NetCracker and Golden Telecom.

In February 2008, VimpelCom merged with Golden Telecom, a leading facilities-based provider of integrated telecommunications and internet services in Russia and the Commonwealth of Independent States. VimpelCom Group has selected NetCracker as the OSS supplier for the unified IT architecture that will integrate VimpelCom and Golden Telecom's operations.

NetCracker's complex solution has already been deployed at Golden Telecom, where it provides up-to-date information about Golden's network infrastructure. NetCracker's solution has enabled Golden Telecom to consolidate its physical and logical network resources as well as its service data. Additionally, NetCracker's OSS solution has improved network troubleshooting and capacity management.

VimpelCom Group chose NetCracker after an extensive evaluation process that focused on software architecture, product functionality, and performance metrics, as well as NetCracker's ability to support VimpelCom Group's unique requirements.

"Our strategic objective in working with NetCracker is to bring unparalleled quality to VimpelCom Group's end-to-end service delivery capability," said Alexey Goryachkin, Senior Vice President and Chief Technical Officer at Golden Telecom, VimpelCom Group. "A unified architecture will enable VimpelCom Group to optimize processes, achieve rapid service delivery, reduce operational costs, and provide greater customer satisfaction across all our operations."

"We are delighted to extend the benefits of our Golden Telecom solution throughout VimpelCom Group," said Andrew Feinberg, President and CEO of NetCracker Technology. "NetCracker's powerful, comprehensive solution and its experienced professional services teams will allow VimpelCom Group to achieve rapid service delivery and increased operational efficiency."

About NetCracker Technology

NetCracker Technology is the leading global Solution Company enabling Service Providers to deliver rapidly and manage effectively convergent and content-rich offerings. NetCracker delivers service and resource management through its software and implementation expertise. NetCracker's portfolio includes a comprehensive suite of product modules as well as specialized vertical solutions (such as Triple Play), all pre-integrated with the NetCracker Framework. Founded in 1993, NetCracker Technology was acquired by NEC Corporation in 2008. NetCracker Technology is headquartered in Waltham, MA, and can be reached at +1-781-419-3300 or www.NetCracker.com.

NetCracker is a registered trademark of NetCracker Technology Corp. All other company or product names mentioned in this press release may be trademarks or registered trademarks of the respective companies with which they are associated.

About VimpelCom Group

The VimpelCom Group (www.vimpelcom.com) consists of telecommunications operators providing voice and data services through a range of wireless, fixed, and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia, and Armenia. Licenses of VimpelCom Group operate in territories with a total population of about 340 million. The Group companies provide services under the "Beeline" brand. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".