Amsterdam, Netherlands, March 6, 2023 07:00 CET: VEON Ltd. (NASDAQ, EuronextAmsterdam: VEON) (“VEON” or the “Company”), a global digital operator offering converged connectivity and online services, today provides an update on the timing of the ratio change under the Company’s ADR program, which was previously scheduled for February 6, 2023 announced and originally scheduled to take effect on March 6, 2023. The Company was informed by BNY Mellon late afternoon on Friday, March 3, 2023 that the effectiveness of the Ratio Change has been deferred due to The Depository Trust & Clearing Corporation (“DTCC“) was not ready to provide the new re-ratio CUSIP as planned on Monday, March 6, 2023. The Company is awaiting further confirmation from DTCC as to when it will be ready to provide the new re-ratio CUSIP to and will announce the new effective date once this is confirmed.

The Company’s original announcement regarding the change in relationship can be found on the Company’s website at:
https://www.veon.com/media/media-releases/2023/veon-announces-ratio-change-under-its-american-depositary-receipt-adr-program/

About VEON
VEON is a global digital operator currently providing converged connectivity and online services to over 200 million customers in seven dynamic markets. We transform people’s lives, empower individuals, create opportunities for greater digital inclusion and drive economic growth in countries home to more than 8% of the world’s population. VEON is headquartered in Amsterdam and is listed on NASDAQ and Euronext.

For more information visit: https://www.veon.com.

Important NOTE
This press release is for informational purposes only and does not constitute a prospectus, an offer for sale, or the solicitation of an offer to buy, any securities in the United States or any other jurisdiction, nor may there be an offer of securities in any jurisdiction in in which case it would be unlawful to offer, solicit or sell before …