Vanguard's letter stating their policy change , along with more information
on the FORTUNE 500 Project, can be found at:
http://www.

form discussion

Vanguard Will Vote Proxy for Sexual Orientation Nondiscrimination


Exxon Mobil, number two on the FORTUNE 500 list, is one of only 40 of the
FORTUNE 500 companies that do not provide nondiscrimination protection for gay
and lesbian employees. 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.


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"Vanguard is the gold standard for protecting shareholder value," said
Malcolm Lazin, Executive Director of Equality Forum. Today, 460 of the FORTUNE 500 companies (92%)
now protect gay and lesbian employees.

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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.

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"After discussions with
Equality Forum, Vanguard determined that a supportive workplace for gay and
lesbian employees helps maximize shareholder interest.

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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"
"We believe that fully inclusive employment policies may be reasonably
expected to contribute positively to shareholder value," said Glenn Booraem,
Principal + Assistant Fund Controller for Vanguard.equalityforum. Equality Forum undertakes high impact
initiatives , produces documentary films, highlights GLBT history and presents
annually the largest national and international GLBT civil rights forum. This Association includes
both Russian and non-Russian investors working in the Russian market. VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".

Information and resources for gay, lesbian, and bisexual atheists.

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"

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.

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Petersburg, as well as the entire territory of Kazakhstan.

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With 149 million shares, Vanguard is the fourth-
largest institutional holder of Exxon Mobil shares.com /fortune500.

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This decision will
influence other mutual funds and positively increase proxy support for sexual
orientation nondiscrimination protection. This Association includes more
than 800 members, among them Chairmen and CEOs of leading Russian companies.

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

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

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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.

rights organization

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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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Exxon Mobil, others to be impacted by change in policy

PHILADELPHIA, Following discussions with Equality
Forum , a national gay, lesbian, bisexual and transgender (GLBT) civil rights
organization, The Vanguard Group has announced that it will vote in favor of
sexual orientation workplace protection in its proxy voting rights. Vanguard
is the nation's second-largest mutual fund company, managing approximately
$880 billion in assets.

ABOUT EQUALITY FORUM
Equality Forum is a national nonprofit and 501(c)(3) GLBT organization
headquartered in Philadelphia.
"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.

lesbian promoting


Equality Forum's FORTUNE 500 Project, in collaboration with Professor
Louis Thomas of the Wharton School of University of Pennsylvania and Professor
Ian Ayres of Yale Law School, requests FORTUNE 500 companies to specifically
include sexual orientation in their workplace nondiscrimination policies.

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

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

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At
the start of the project in 2003, 323 companies (65%) provided
nondiscrimination protection.

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