VEON Holdings B.V. notes issue of announcement by VEON

FOR IMMEDIATE RELEASE

VEON Holdings B.V.

In each case, issued by VEON Holdings B.V. (collectively, the “2023 Notes”)

VEON Holdings B.V. notes issue of announcement by VEON Ltd.

Amsterdam, Netherlands, 14 October 2022 07:15: VEON Holdings B.V. notes that its indirect parent, VEON Ltd., has today issued an announcement asking beneficial holders of interests in the 2023 Notes issued by VEON Holdings B.V. (the “2023 Noteholders”) to contact VEON Ltd., with a view to commencing discussions with VEON Ltd. in respect of the 2023 Notes shortly (the “VEON Ltd. Announcement”).

VEON Holdings B.V. is not involved in or engaging in discussions with the 2023 Noteholders. All related queries must therefore be directed to VEON Ltd. using the contact details specified in the VEON Ltd. Announcement.

Important Notice

This release is for informational purposes only and shall not constitute a prospectus or an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction, nor shall there be any offer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under applicable securities laws.

This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129.

This communication or information contained herein is not an offer, or an invitation to make offers, to sell, exchange or otherwise transfer securities in the Russian Federation to or for the benefit of any Russian person or entity and does not constitute an advertisement or offering of securities in the Russian Federation within the meaning of Russian securities laws.