<SEC-DOCUMENT>0001193125-17-285834.txt : 20170915
<SEC-HEADER>0001193125-17-285834.hdr.sgml : 20170915
<ACCEPTANCE-DATETIME>20170915092203
ACCESSION NUMBER:		0001193125-17-285834
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20170915
FILED AS OF DATE:		20170915
DATE AS OF CHANGE:		20170915

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VEON Ltd.
		CENTRAL INDEX KEY:			0001468091
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34694
		FILM NUMBER:		171087024

	BUSINESS ADDRESS:	
		STREET 1:		CLAUDE DEBUSSYLAAN 88
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1082 MD
		BUSINESS PHONE:		31 20 797 7200

	MAIL ADDRESS:	
		STREET 1:		CLAUDE DEBUSSYLAAN 88
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1082 MD

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VimpelCom Ltd.
		DATE OF NAME CHANGE:	20091005

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	New Spring Co Ltd.
		DATE OF NAME CHANGE:	20090709
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d452355d6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM&nbsp;6-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Report of Foreign Private Issuer </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Rule&nbsp;13a-16 or 15d-16 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>under the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the month of September 2017 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission File Number 1-34694 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>VEON Ltd.
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(formerly VimpelCom Ltd.) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Translation of registrant&#146;s name into English) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>The Rock
Building, Claude Debussylaan 88, 1082 MD, Amsterdam, the Netherlands </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant files or will file annual reports under cover Form&nbsp;20-F or Form&nbsp;40-F. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form&nbsp;20-F&nbsp;&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark if the registrant is submitting the Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b)(1):&nbsp;&nbsp;&#9744;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark if the registrant is submitting the Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b)(7):&nbsp;&nbsp;&#9744;. </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SIGNATURES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">VEON LTD.</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center">(Registrant)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: September 15, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Scott Dresser</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Scott Dresser</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Group General Counsel</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g452355img11.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Impact of currency regime developments in Uzbekistan </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amsterdam, 15 September 2017 &#150; VEON Ltd. (VEON) (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services
headquartered in Amsterdam and serving over 235 million customers, notes the recent announcements from the government of Uzbekistan, liberalizing the currency exchange rules and resetting the official exchange rate at 8,100 Uzbek som per U.S.
dollar, a devaluation of approximately 92%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under these liberalized exchange rules, VEON may in the longer term be able to more effectively repatriate
cash from Uzbekistan. The cash balances held by Unitel, VEON&#146;s Uzbek subsidiary, are now valued at approximately USD 350 million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The new official
exchange rate will directly impact the reported results for the VEON group for two reasons. Firstly, the Uzbek som results of Unitel will now be translated into U.S. dollars at a higher exchange rate. Secondly, Unitel and all other
telecommunications operators will experience an erosion of EBITDA resulting from the fixing of tariffs from U.S. dollars to Uzbek som at the prior official exchange rate. As a result, VEON expects annualized decreases in revenues of USD 300-350
million and in underlying EBITDA of USD 175-225 million. Based on 2016<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> total annual revenues of ~USD 9 billion and underlying EBITDA of ~USD 3.6 billion, the impact represents approximately 3.5%
of revenues and approximately 5.5% of underlying EBITDA. The Group&#146;s net debt / underlying EBITDA ratio is expected to immediately increase by 0.1x and net assets are expected to decrease by USD 485 million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2017 guidance for low single digit organic revenue growth remains intact. However, as a direct consequence of this currency devaluation, the underlying EBITDA
margin is now expected to show flat to low single digit organic growth<SUP STYLE="font-size:85%; vertical-align:top">2</SUP>, and we therefore anticipate that the Group will generate underlying equity free cash flow<SUP
STYLE="font-size:85%; vertical-align:top">3</SUP> (before license spectrum fees) of between USD 850 and 950 million in 2017, rather than the previously communicated 2017 target of USD 900-1,000 million. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">2016 results including pro forma 12 months Warid. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The previous guidance for underlying EBITDA margin was for low single digit organic growth. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">3</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Underlying equity free cash flow excluding licenses is defined as free cash flow from operating activities less free cash flow used in investing activities (excluding capex for licenses and withholding tax related to
Pakistan spectrum of USD 29.5 million), excluding M&amp;A transactions, transformation costs and other one-off items. </TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g452355img11.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ABOUT VEON </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">VEON is a
NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services, with the ambition to lead the personal internet revolution for over 235 million customers it currently serves, and many others in the years to come. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Follow us: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="96%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">


<IMG SRC="g452355img2.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">on Twitter @veondigital</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">


<IMG SRC="g452355img3.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">visit our blog @ blog.veon.com</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">


<IMG SRC="g452355img4.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">go to our website @ <U>http:// www.veon.com</U></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Disclaimer </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This release
contains &#147;forward-looking statements&#148;, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. The words &#147;may,&#148;
&#147;will,&#148; &#147;could,&#148; &#147;expect,&#148; &#147;anticipate,&#148; &#147;intend,&#148; &#147;seek,&#148; &#147;believe,&#148; &#147;estimate,&#148; &#147;potential,&#148; &#147;continue,&#148; and similar words are intended to identify
estimates and forward-looking statements. Forward-looking statements are not historical facts, and include statements relating to, among other things, the expected impact of the change in the currency regime in Uzbekistan on our financial results
and cash upstream potential in the future and the pricing of our services in Uzbekistan as set out above. The forward-looking statements included in this release are based on management&#146;s best assessment of VEON&#146;s strategic and financial
position and of future market conditions, trends and other potential developments. Forward-looking statements involve risks and uncertainties including, without limitation, the possibility that devaluation of the Uzbek currency will not continue. If
such risks or uncertainties materialize or such assumptions prove incorrect, actual results could differ materially from those express or implied by such forward-looking statements or assumptions. Certain other factors that could cause actual
results to differ materially from those discussed in any forward-looking statements include the risk factors described in VEON&#146;s Annual Report on Form 20-F for the year ended 31 December 2016 filed with the U.S. Securities and Exchange
Commission (the &#147;SEC&#148;) and other public filings made by VEON with the SEC. The forward-looking statements speak only as of the date hereof. VEON cannot assure you that any projected events will be achieved. Except to the extent required by
law, VEON disclaims any obligation to update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made, or to reflect the occurrence of
unanticipated events. Furthermore, this press release contains, or may contain, &#147;inside information&#148; as defined under the Market Abuse Regulation (EU) No. 596/2014. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g452355img11.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All non-IFRS measures disclosed on a historical basis
in this release (including, without limitation, underlying EBITDA) are reconciled to comparable IFRS measures in Attachment E to VEON Ltd.&#146;s Fourth Quarter Earnings Release Report for the Fiscal Year Ended 31 December 2016 and the Quarterly
Period Ended 31 December 2016, published on its website as of 27 February 2017. In addition, in this release, we present certain non-IFRS measures on a forward-looking basis (including, without limitation, adjusted EBITDA, underlying EBITDA and net
debt). We are not able, without unreasonable efforts, to reconcile the forward-looking non-IFRS measures presented in this release to the most directly comparable IFRS measures due potentially high variability, complexity and low visibility as to
the items that would be excluded from the comparable IFRS measure in the relevant future period, including, but not limited to, depreciation and amortization, impairment loss, loss on disposal of non-current assets, financial income and expenses,
foreign currency exchange losses and gains, income tax expense and performance transformation costs, cash and cash equivalents, long - term and short-term deposits, interest accrued related to financial liabilities, other unamortized adjustments to
financial liabilities, derivatives, other financial liabilities. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Contact Information </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>VEON </B></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Investor Relations</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>Media and Public Relations</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Remco Vergeer</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ir@veon.com</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Tel: +31 20 79 77 200</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Maria Piskunenko</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">pr@veon.com</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Tel: +31 20 79 77 200</P></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g452355img11.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g452355img11.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    9   _^X #D%D
M;V)E &3      ?_; (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$"
M @(! @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,# P,#_\  $0@ <P!@ P$1  (1 0,1 ?_$ +T  0 " @(# 0
M       ("08' 04" P0* 0$  00# 0$             " 8'"0H! P4$ A
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M_#U>3_;GH_\ FF3^I3]I7/\ S"N/_9%%_P!:G_P.G_*3OC_2&E?W_(_P]/\
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M(4O<A$'Q,QXL[L2\C'BSLS'B:QZ:KJ>;K6ISZOJ+E\[(D+N?:3X > 464#P
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MDDG5"32RSS//.[RSNQ9G8EF=F-V=F)+,S$DLS$EB2QXFO;C18T"* JC@ .0
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M,*(KLO42^7ICA3T#'>0]6+U6L7PW/IL+D^D8'/Z05//MIO2+=^V8LJ=A]KP
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)I2LSTI32E?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g452355img2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g452355img2.jpg
M_]C_X  02D9)1@ ! 0$ R #(  #_X@Q824-#7U!23T9)3$4  0$   Q(3&EN
M;P(0  !M;G1R4D="(%A96B 'S@ "  D !@ Q  !A8W-P35-&5     !)14,@
M<U)'0@                  ]M8  0    #3+4A0("
M                                             !%C<')T   !4
M #-D97-C   !A    &QW='!T   !\    !1B:W!T   "!    !1R6%E:   "
M&    !1G6%E:   "+    !1B6%E:   "0    !1D;6YD   "5    '!D;61D
M   "Q    (AV=65D   #3    (9V:65W   #U    "1L=6UI   #^    !1M
M96%S   $#    "1T96-H   $,     QR5%)#   $/   " QG5%)#   $/
M" QB5%)#   $/   " QT97AT     $-O<'ER:6=H=" H8RD@,3DY."!(97=L
M971T+5!A8VMA<F0@0V]M<&%N>0  9&5S8P         2<U)'0B!)14,V,3DV
M-BTR+C$              !)S4D="($E%0S8Q.38V+3(N,0
M                                                    6%E:(
M     /-1  $    !%LQ865H@                     %A96B        !O
MH@  ./4   .06%E:(        &*9  "WA0  &-I865H@        )*    ^$
M  "VSV1E<V,         %DE%0R!H='1P.B\O=W=W+FEE8RYC:
M    %DE%0R!H='1P.B\O=W=W+FEE8RYC:
M                                  !D97-C         "Y)14,@-C$Y
M-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(
M     "Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M
M('-21T(                             9&5S8P         L4F5F97)E
M;F-E(%9I97=I;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0
M    +%)E9F5R96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR
M+C$                                  '9I97<      !.D_@ 47RX
M$,\4  /MS  $$PL  UR>     5A96B       $P)5@!0    5Q_G;65A<P
M       !                         H\    "<VEG(     !#4E0@8W5R
M=@        0     !0 *  \ %  9 !X (P H "T ,@ W #L 0 !% $H 3P!4
M %D 7@!C &@ ;0!R '< ? "! (8 BP"0 )4 F@"? *0 J0"N +( MP"\ ,$
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M])5?E<F6-):?EPJ7=9?@F$R8N)DDF9"9_)IHFM6;0INOG!R<B9SWG62=TIY
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M 2(  A$! Q$!_\0 'P   04! 0$! 0$           $" P0%!@<("0H+_\0
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4M8\D11(H55R>3P.IY/4\T4 ?_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g452355img3.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g452355img3.jpg
M_]C_X  02D9)1@ ! 0$ R #(  #_X@Q824-#7U!23T9)3$4  0$   Q(3&EN
M;P(0  !M;G1R4D="(%A96B 'S@ "  D !@ Q  !A8W-P35-&5     !)14,@
M<U)'0@                  ]M8  0    #3+4A0("
M                                             !%C<')T   !4
M #-D97-C   !A    &QW='!T   !\    !1B:W!T   "!    !1R6%E:   "
M&    !1G6%E:   "+    !1B6%E:   "0    !1D;6YD   "5    '!D;61D
M   "Q    (AV=65D   #3    (9V:65W   #U    "1L=6UI   #^    !1M
M96%S   $#    "1T96-H   $,     QR5%)#   $/   " QG5%)#   $/
M" QB5%)#   $/   " QT97AT     $-O<'ER:6=H=" H8RD@,3DY."!(97=L
M971T+5!A8VMA<F0@0V]M<&%N>0  9&5S8P         2<U)'0B!)14,V,3DV
M-BTR+C$              !)S4D="($E%0S8Q.38V+3(N,0
M                                                    6%E:(
M     /-1  $    !%LQ865H@                     %A96B        !O
MH@  ./4   .06%E:(        &*9  "WA0  &-I865H@        )*    ^$
M  "VSV1E<V,         %DE%0R!H='1P.B\O=W=W+FEE8RYC:
M    %DE%0R!H='1P.B\O=W=W+FEE8RYC:
M                                  !D97-C         "Y)14,@-C$Y
M-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(
M     "Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M
M('-21T(                             9&5S8P         L4F5F97)E
M;F-E(%9I97=I;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0
M    +%)E9F5R96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR
M+C$                                  '9I97<      !.D_@ 47RX
M$,\4  /MS  $$PL  UR>     5A96B       $P)5@!0    5Q_G;65A<P
M       !                         H\    "<VEG(     !#4E0@8W5R
M=@        0     !0 *  \ %  9 !X (P H "T ,@ W #L 0 !% $H 3P!4
M %D 7@!C &@ ;0!R '< ? "! (8 BP"0 )4 F@"? *0 J0"N +( MP"\ ,$
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M])5?E<F6-):?EPJ7=9?@F$R8N)DDF9"9_)IHFM6;0INOG!R<B9SWG62=TIY
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M 2(  A$! Q$!_\0 'P   04! 0$! 0$           $" P0%!@<("0H+_\0
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MVG;F626 M,P8['9@" JUD?#C_@K%\2?A?:WMKI^AVFM07,BR9\3ZSJ>JRQD
MCY))[DLH/<# XS@5^G/[27[$_A/X_P!GX\U$D:9XQ\1Z#!HL.K; 5MQ!<"Y1
MBH&6WND2N22=D8"X[_FO>?\ !&7XZVL,\D>K>"KIHU9EBBU.X#R8'"C=; 9/
MN0/<4 ?1OPK_ ."U'@^[\**WQ&\)ZEIWB19F5E\.QK-:21X!5QYL@93R05);
M[N<\X!7E?[+O_!).Q^+OP@L?%/CGQ+K/AC7+J\O(&T>WM45K58)WMRLOF#._
+?%(>.,%?>B@#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g452355img4.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g452355img4.jpg
M_]C_X  02D9)1@ ! 0$ R #(  #_X@Q824-#7U!23T9)3$4  0$   Q(3&EN
M;P(0  !M;G1R4D="(%A96B 'S@ "  D !@ Q  !A8W-P35-&5     !)14,@
M<U)'0@                  ]M8  0    #3+4A0("
M                                             !%C<')T   !4
M #-D97-C   !A    &QW='!T   !\    !1B:W!T   "!    !1R6%E:   "
M&    !1G6%E:   "+    !1B6%E:   "0    !1D;6YD   "5    '!D;61D
M   "Q    (AV=65D   #3    (9V:65W   #U    "1L=6UI   #^    !1M
M96%S   $#    "1T96-H   $,     QR5%)#   $/   " QG5%)#   $/
M" QB5%)#   $/   " QT97AT     $-O<'ER:6=H=" H8RD@,3DY."!(97=L
M971T+5!A8VMA<F0@0V]M<&%N>0  9&5S8P         2<U)'0B!)14,V,3DV
M-BTR+C$              !)S4D="($E%0S8Q.38V+3(N,0
M                                                    6%E:(
M     /-1  $    !%LQ865H@                     %A96B        !O
MH@  ./4   .06%E:(        &*9  "WA0  &-I865H@        )*    ^$
M  "VSV1E<V,         %DE%0R!H='1P.B\O=W=W+FEE8RYC:
M    %DE%0R!H='1P.B\O=W=W+FEE8RYC:
M                                  !D97-C         "Y)14,@-C$Y
M-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(
M     "Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M
M('-21T(                             9&5S8P         L4F5F97)E
M;F-E(%9I97=I;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0
M    +%)E9F5R96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR
M+C$                                  '9I97<      !.D_@ 47RX
M$,\4  /MS  $$PL  UR>     5A96B       $P)5@!0    5Q_G;65A<P
M       !                         H\    "<VEG(     !#4E0@8W5R
M=@        0     !0 *  \ %  9 !X (P H "T ,@ W #L 0 !% $H 3P!4
M %D 7@!C &@ ;0!R '< ? "! (8 BP"0 )4 F@"? *0 J0"N +( MP"\ ,$
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M])5?E<F6-):?EPJ7=9?@F$R8N)DDF9"9_)IHFM6;0INOG!R<B9SWG62=TIY
MGJZ?'9^+G_J@::#8H4>AMJ(FHI:C!J-VH^:D5J3'I3BEJ:8:IHNF_:=NI^"H
M4JC$J3>IJ:H<JH^K JMUJ^FL7*S0K42MN*XMKJ&O%J^+L "P=;#JL6"QUK)+
MLL*S.+.NM"6TG+43M8JV ;9YMO"W:+?@N%FXT;E*N<*Z.[JUNRZ[I[PAO)N]
M%;V/O@J^A+[_OWJ_]<!PP.S!9\'CPE_"V\-8P]3$4<3.Q4O%R,9&QL/'0<>_
MR#W(O,DZR;G*.,JWRS;+MLPUS+7--<VUSC;.ML\WS[C0.="ZT3S1OM(_TL'3
M1-/&U$G4R]5.U='65=;8UUS7X-ADV.C9;-GQVG;:^]N W 7<BMT0W9;>'-ZB
MWRG?K^ VX+WA1.',XE/BV^-CX^OD<^3\Y83F#>:6YQ_GJ>@RZ+SI1NG0ZEOJ
MY>MPZ_OLANT1[9SN*.ZT[T#OS/!8\.7Q<O'_\HSS&?.G]#3TPO50]=[V;?;[
M]XKX&?BH^3CYQ_I7^N?[=_P'_)C]*?VZ_DO^W/]M____VP!#  ," @," @,#
M P,$ P,$!0@%!00$!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145
M# \7&!84&!(4%13_VP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  4 !0#
M 2(  A$! Q$!_\0 'P   04! 0$! 0$           $" P0%!@<("0H+_\0
MM1   @$# P($ P4%! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*Q
MP152T? D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA9
M6F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*S
MM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ
M_\0 'P$  P$! 0$! 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#
M! <%! 0  0)W  $" Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1
M"A8D-.$E\1<8&1HF)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI
M:G-T=79W>'EZ@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZ
MPL/$Q<;'R,G*TM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1
M Q$ /P#["^+W[3&H)\?= ^!O@*%CXKU&V:]U?Q"VGO?VV@6^QFC,D*NF6D(
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D_#M]1U&ZU2YBM)K875XX>4QQW,L<:DX&=J(JCV44444 ?__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
