Tyumen court adjourns Telenor's appeal to 30 September 2009

Press release
Fornebu
1 minute read
On June 10, 2009, the Federal Arbitrazh (Business) Court of the West Siberian District in Tyumen adjourned the hearing of Telenor's appeal until 30 September 2009. Telenor East Invest AS has appealed the ruling of 20 February 209 by the Appeals Court in Omsk, forcing Telenor East Invest AS to pay 1.73 billion USD to VimpelCom as a result of a claim by Farimex Products Inc., the holder of ADRs equal to 0.002 per cent of VimpelCom shares. Today's hearing was to start after an adjournment of the Tyumen court from 26 May this year.
The reason for the adjournment was given as the need for Farimex to study a lawsuit launched in New York by Telenor last year to establish that there is relationship between Farimex and the Alfa Group. Russian law does not allow a cassation hearing to be adjourned for the reason stated by Farimex, nor for a period of over one month.

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