1. Appendix 1A Telecommunication market in Russia in 2000-2003 Subscriber Growth in Russia Russia: Wireless Revenues and GDP million National penetration forecast Source: Goskomstat, Brunswick UBS, VimpelCom estimates Source: Consensus forecasts, independent research

2. National market – key trends in 2003-2004 Appendix 1B Russia (Overall) Subscriber Market Share Incremental Market Share (Organic Net Adds) 2004 2003 Source: Goskomstat, Brunswick UBS, VimpelCom estimates

3. Appendix 1C Main Russian GSM players in 2004 MTS MegaFon VimpelCom Market share in Moscow as of July 31, 2004 Market share in Russia as of July 31, 2004 Source: Company data

4. National GSM network rollout in 2004 Unlicensed territories Appendix 1D Moscow Population: 17.0 mln. Urals Population: 18.3 mln. Northwest Population: 14.0 mln. Central Population: 21.0 mln. 39 VolgaPopulation: 25.2 mln. South Population: 22.9 mln. SiberiaPopulation: 15.3 mln. Far EastPopulation: 11.4 mln. In commercial operation Other licensed regions

6. GSM license portfolio covering 136 million people

7. 45% market share in Moscow and 33% in Russia

8. First Russian company with NYSE listing

9. US$ 5.3 billion market cap (as of August 31, 2004)

10. Benchmark for transparency and corporate governance in Russia

11. Strong financial performanceVimpelCom subscriber base million 2003 2002 2004 Moscow Regions Source: Company data

12. New images of the brand Appendix 3C

13. 7 Appendix 5 Timeline of the campaign Regional round tables with experts and media, conferences Creating a buzz in media Press release “VimpelCom will change the brand concept” Breakfast with experts 04.04 04.08 03.24 03.14 03.17 Sept-Oct 10.27 Rebrand launch. National teleconference. Press release “Beeline will change on April 4th” Conference for media and experts in Moscow Phase 2 - Launch Phase 1 - Preparation Phase 3- Initial Evaluation

14. 8 Beeline (Q1 2005) Beeline (Q1 2006) MTS (Q1 2005) MTS (Q1 2006) Megafon (Q1 2006) Appendix 7A New perception of the brand Functional level: Megafon (Q1 2005)

15. 9 Beeline (Q1 2005) Beeline (Q1 2006) MTS (Q1 2005) MTS (Q1 2006) Megafon (Q1 2006) Appendix 7B New perception of the brand Emotional level: Megafon (Q1 2005)

16. 10 Appendix 8B Growth in profits in 2005 Growth VimpelCom profit in the total profit of Russian mobile market J’son&partners

17. 11 Appendix 8C Growth in profits before and after rebranding

18. Stock price is growing Appendix 8D www.finance.yahoo.com