“By [vympelKom] Of [ltd].” complete the process of the ransom of actions and acquire 100% of actions of joint stock company “By [vympelKom]”

Company “By [vympelKom] Of [ltd].” it declared about the completion of the acquisition of all actions of the joint stock company “of the Message- communication” of the, including represented in the form American depository actions (Ada), in the remaining themselves minority shareholders as a result of forced ransom.

As it communicated earlier, “By [vympelKom] Of [ltd]. ”, On May 25, 2010 began the process of the forced ransom of actions for the purpose of the acquisition of all remained actions of joint stock company “With [vympelKom]”, including of American depository actions in the form Ada, on the price, which is 11 800 rubles for one action (which was approximately 382,18 US dollars per share on the exchange rate on May 25, 2010). Since each Ada joint stock company “By [vympelKom]” is to 1/20 actions joint stock company “[VympelKom]”, holders Ada joint stock company “By [vympelKom]” had to obtain for each Ada joint stock company “By [vympelKom]” of 590 rubles (which was approximately 19,11 US dollars after Ada on the exchange rate on May 25, 2010) minus of expenditures and expenditures, held by the bank of New York (Bank of Of new Of york Of mellon) within the framework its authorities of the depositor of American depository actions in the course of the payment of cash resources and conversion of the obtained by it ruble means into the US dollars. The price of ransom was established in the size of the market value of action joint stock company “By [vympelKom]”, determined according to the state by the on February 28, 2010 independent Russian estimator in accordance with the Russian legislation. Estimation was augmented by the cost analysis, carried out by privately held company “[Deloyt] and the flourish of the CIS”.

In accordance with the procedure of the forced ransom of actions according to the Russian legislation “By [vympelKom] Of [ltd].” it paid in favor the minority shareholders also of holders Ada joint stock company “By [vympelKom]” due to the state of the on July 14, 2010 being been due to them cash resource for [vykupaemye] securities, and the belonging to them actions on August 9, 2010 were enrolled to the calculation “By [vympelKom] Of [ltd]. ”, thus joint stock company “By [vympelKom] " became 100-percent daughterly enterprise “By [vympelKom] Of [ltd].”.