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2016-02-17

Telenor: VimpelCom announces prospective settlements for corruption

VimpelCom Ltd., where Telenor holds a minority stake, in their fourth quarter
results release today announced that their ongoing discussions with US and
Dutch authorities have resulted in prospective settlements where the company
would acknowledge certain violations of corruption laws and indicates that
they will pay a fine within the previously disclosed provision for that
purpose. VimpelCom writes that these prospective settlements remain subject
to the approval of the pertinent authorities. VimpelCom reiterates that there
can be no assurance that they will become effective in accordance with the
terms described above.

Corruption is unacceptable, and Telenor takes it very seriously that VimpelCom
now seems to acknowledge certain violations of the US. Foreign Corrupt
Practices Act and relevant Dutch Laws.

Telenor is unable to give any further comments to VimpelCom's prospective
settlements until they are finally approved and publicly available.

Media Contact

Glenn Mandelid, glenn.mandelid@telenor.com, mob: +47 9266 1300

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Telenor via Globenewswire

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