GENERAL MANAGER OF "ARMENTEL" RESIGNS

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09 January, 2008

The General Director of Armenian "ArmenTel" Telecommunications Company,
Oleg Bliznyuk, resigned office on December 29, 2007. On January 9
"VimpelCom" officially confirmed the information.

"Bliznyuk received an interesting offer from another company
therefore he left "ArmenTel," the Company’s Public Relations Service
reports. "Under Oleg’s guidance, our business in Armenia developed
quite dynamically. Firstly, we are pleased with our financial
results. Secondly, a large volume of work was carried out on renovation
and replacement of equipment and development of infrastructure,
which will allow the networks of "ArmenTel" to correspond to modern
standards. "ArmenTel" is seeking for a candidate for the position
of the General Director," said the Senior Manager of "VimpelCom"
Public Relations Service Artem Minayev.