Bank loan

VEON Completes VTB Bank Loan Repayment

AMSTERDAM, March 11, 2022 /PRNewswire/ — VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and Internet services, today announced that its subsidiary has prepaid its 30 billion rubles (approximately $259 million1) interest-bearing loan from VTB Bank (PJSC) (“VTB”) in accordance with its terms, and the facility was cancelled. Reimbursement and cancellation are subject to applicable penalties.

Following this payment to VTB, the VEON Group no longer has outstanding loans with VTB.

1Based on USD/RUB = 115.7

Warning

This press release contains “forward-looking statements”, as 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 regarding, among other things, expectations regarding management plans and the ability to successfully execute the operating model, governance and development plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be accurately predicted by VEON and some of which cannot even be anticipated by VEON. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by US federal securities laws, any forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unforeseen events.

About VEON
VEON is a global provider of connectivity and Internet services listed on NASDAQ and Euronext Amsterdam. For more information visit: www.veon.com

Contact information

VEON
Investor Relations
Nik Kershaw
[email protected]
+31 20 79 77 200

SOURCE VEON Ltd.