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VimpelCom was the
first Russian company to list its shares on the New York Stock Exchange
("NYSE").

Consumer Activism is citizen action aimed at influencing corporate decisions, corporate power , and public policy as it relates to consumers and corporate operations.

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The economy has now experienced nine consecutive quarters of real
gross domestic product (GDP) growth of over three percent.

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This Association includes more
than 800 members, among them Chairmen and CEOs of leading Russian companies .


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The Quarterly Indictors series, which started in the first quarter of
2004, is available on the Office of Advocacy web site at
http://www.

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VimpelCom is a leading provider of telecommunications services in Russia
and Kazakhstan, operating under the "Bee Line GSM" brand in Russia and "K-
mobile" and "EXCESS" brands in Kazakhstan.

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"
In the second quarter interest rates continued to increase, reflecting the
Federal Reserve's efforts to stabilize the growing economy.

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WASHINGTON, Small business economic conditions
were strong and steady in the second quarter of 2005, according to the Office
of Advocacy's newly released Quarterly Indicators: The Economy And Small
Business.

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We are happy to see that our efforts are being recognized and
awarded by the Russian and international business communities.

IR Magazine is a leading international publication on investor relations
and associated matters.

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The Office of Advocacy of the U.

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Nonetheless, the
Senior Loan Officers Survey showed the demand for small business commercial
and industrial loans remained strong, while at the same time venture
investment deals grew, reaching $5.

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gov/advo/research/sbei. For more
information, visit http://www.

VimpelCom Wins Prestigious 2004 Awards in Management Corporate Governance and Investor Relations



The Association for the Protection of Investor Rights is a Moscow-based
non-profit organization aimed at unifying investor efforts to protect their
rights and improve corporate governance in Russia.

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However, despite high energy costs,
consumer and producer prices rose only modestly in the second quarter. The IR Magazine awards are recognized worldwide as
among the most accurate and reliable measures of excellence and accomplishment
in the fields of investor relations and corporate governance. VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".

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8 billion.sba.

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It is the source for small business statistics
presented in user-friendly formats and it funds research into small business
issues.

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sba. Small Business Administration (SBA) is
an independent voice for small business within the federal government . This Association includes
both Russian and non-Russian investors working in the Russian market.

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"The economy stayed strong and steady in the second quarter of 2005 as
real growth continued at over three percent," said Dr. Chad Moutray, Chief
Economist for the Office of Advocacy.S. The
presidentially appointed Chief Counsel for Advocacy advances the views,
concerns, interests of small business before Congress, the White House,
federal agencies, federal courts, and state policy makers.
"Strong management and world-class corporate governance combined with the open
and transparent manner in which we operate have always been among our highest
priorities.

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The price of West Texas crude (a benchmark for oil) reached $56.

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"Industrial production and proprietors'
income both continued to grow and small business optimism remained high.

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Small Business Economic Conditions Strong and Steady in the Second Quarter of 2005

MOSCOW and NEW YORK, Open Joint Stock
Company "Vimpel -Communications" ("VimpelCom" or the "Company") (NYSE: VIP) is
pleased to announce that it was named the winner of a number of prestigious
awards from Russian and international organizations for its performance in
2004:


Name Title Organization
Alexander Izosimov Best Professional Manager Association of Managers of
Russia
Alexander Izosimov Best Corporate Manager Association for the
Protection of Investor
Rights
VimpelCom Best Corporate Governance Association for the
Protection of Investor
Rights
Alexander Izosimov Best Investor Relations IR Magazine
by a CEO/CFO
Valery Goldin Best Investor Relations IR Magazine
Officer - Large Cap
VimpelCom Grand Prix for Best IR Magazine
Overall Investor Relations
- Large Cap
VimpelCom Best Investment Community IR Magazine
Meetings
VimpelCom Best Annual Report + IR Magazine
Other Corporate Literature

"It is a great honor for us to win these prestigious awards from leading
organizations in the areas of management, corporate governance and investor
relations," said Alexander Izosimov, Chief Executive Officer of VimpelCom."

The Association of Managers of Russia is a national non-profit
organization whose objective is the overall development of the Russian
business community and business environment.
Petersburg , as well as the entire territory of Kazakhstan.

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html.

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26 a
barrel in June, an increase of nearly $2 from March and significantly higher
than the average in previous years.
The Office of Advocacy , the "small business watchdog" of the government,
examines the role and status of small business in the economy and
independently represents the views of small business to federal agencies,
Congress , and the President.

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gov/advo, or call (202) 205-6533.

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The VimpelCom Group's license
portfolio covers approximately 94% of Russia's population (136 million
people), including the City of Moscow, the Moscow Region and the City of St.

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