Siberian court adjourns hearing of Telenor’s appeal to 10 June

Press Releases:

On May 26, 2009, the Federal Arbitrazh (Business) Court in Tyumen, Siberia adjourned until 10 June 2009 the court proceedings concerning the appeal by Telenor East Invest AS of a 2 March 2009 ruling by the Appeals Court in Omsk on grounds that third parties were not duly notified. The ruling mandated that $1.73 billion should be collected from Telenor East Invest AS as a result of a claim by Farimex Products Inc., the holder of ADRs equal to 0.002 per cent of VimpelCom shares.

Read more about our ownership interests in Russia and Ukraine:

http://www.telenor.com/en/news-and-media/in-focus/ownership-interests-in-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