VYMPELCOM INTEREST IN ARMENIA’S ARMENTEL REACHES 100%

SKRIN Market & Corporate News
April 19, 2007 Thursday

VympelCom has bought 10% of stocks in ArmenTel from the Government
of Armenia. The equity stock was valued at RUR38.6mln. Selling price
of stocks was set at 1/9 of the price of 90% of stocks, purchased by
VympelCom in November 2006, in compliance with the MOU signed by the
parties, the company’s press service told SKRIN.