Veon Deferred Prosecution Agreement

With the results of the DPA, the U.S. Department of Justice filed an application to dismiss the DPA charges in the Southern District Court of New York. VEON is a NASDAQ and Euronext Amsterdam, a global connectivity and Internet provider based in Amsterdam. Our vision is to strengthen customers with ambition through technology, to act as a digital concierge to guide their choices and to associate them with resources that meet their needs. For more information, see: www.veon.com. This press release contains “forward-looking statements” as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934 as amended. Forward-looking statements are not historical facts and are, by their nature, subject to risks and uncertainties, many of which are not able to accurately predict and some of which VEON cannot even predict, including the anticipated rejection of fees deferred by the data protection authority. Forward-looking statements contained in this press release relate only to the date of this publication. VEON undertakes no commitment to publicly update any forward-looking statements that reflect the events or circumstances arising from this data or the occurrence of unforeseen events, except as required by U.S. securities law. We are very pleased with Joshua Drew`s detailed statements and the positive CV regarding our joint compliance follow-up, which VEON recently completed.

In 2016, VEON agreed to a three-year compliance monitoring, based on a deferred law enforcement agreement (DPA) with the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC). In October of this year, at the end of its three-year term, the DOJ filed an application not to prosecute VEON after Dr. Andreas Pohlmann – as an independent compliance monitor – confirmed in September 2019 that VEON had fulfilled its contractual obligations and that its compliance program was now well designed, implemented and effective in preventing and detecting violations of anti-corruption legislation. VimpelCom has entered into a deferred order agreement in connection with a criminal investigation accusing the company of conspiracy to violate the FCPA`s anti-corruption and accounts and registration provisions, as well as a separate indictment for violating FCPA`s internal control rules. In accordance with its agreement with the Department, VimpelCom agreed to pay a total fine of $230,326,398.40 in the United States, including $40 million in forfeiture. VimpelCom has also agreed to conduct rigorous internal controls, maintain a compliance monitor for a period of three years and cooperate fully with the department`s ongoing investigation, including the investigation of individuals. As part of a proceeding to this effect, VimpelCom has resigned itself to the U.S.

Securities and Exchange Commission (SEC) and the Netherlands Public Prosecutor`s Office (Openbaar Ministrie, OM). Under the SEC agreement, VimpelCom accepted a total fine of $375 million in interest on profits and advances, which was to be distributed between the SEC and OM. VimpelCom agreed to pay OM a $230 million fine for a total fine of $460,326,398.40 and a total resolution of more than $835 million.

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