Amsterdam, November 02, 2022 07:00 – VEON Ltd. VEONVEON)), a global digital operator providing converged connectivity and online services, today announces that it is conducting a competitive sale process in relation to its Russian operations.

VEON’s management is currently evaluating options to ensure that an optimal outcome is achieved for all relevant stakeholders, including VEON, its Russian operations, its shareholders, its creditors, its customers and its employees operating both inside and outside of Russia .

Important NOTE
Elements of this press release contain or may contain “inside information” within the meaning of the Market Abuse Regulation (EU) No. 596/2014.

Disclaimer
This press release contains “forward-looking statements” as that term is defined in Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts and include statements related to, among other things, VEON’s intention to proceed with and complete a sale of its Russian operations. By their nature, forward-looking statements involve risks and uncertainties, many of which VEON cannot accurately predict and some of which VEON may not even anticipate. The forward-looking statements contained in this press release speak only as of the date of this press release. VEON disclaims any obligation to update or publicly announce any changes or corrections to any forward-looking statements contained in this press release to reflect future events or developments.

There can be no assurance that the above sales process will result in an acceptable offer or, even if an acceptable offer is obtained and results in a purchase agreement, that the necessary approvals will be obtained.

To date, VEON has not committed to anything regarding its Russian operations, nor can it be certain that any of the options that…