VEON Ltd. (VEON) Appoints Augie Fabela, Morten Lundal and Stan Miller to its Board

VEON Ltd. (NASDAQ: VEON) announces the results of the elections conducted at its Annual General Meeting of Shareholders held earlier today.

During the AGM which included the formal presentation of the financial statements of the Company and the election of directors, Group CEO Kaan Terzioglu also provided a year-to-date business update.

Shareholders elected three new members to the Company's Board of Directors: Augie Fabela, Morten Lundal and Stan Miller. Shareholders also elected eight previously serving directors: Hans-Holger Albrecht, Yaroslav Glazunov, Andrei Gusev, Gunnar Holt, Karen Linehan, Irene Shvakman, Vasily Sidorov and Michiel Soeting. The Board would like to thank Gennady Gazin, Leonid Boguslavsky and Sergi Herrero for their contribution and service to the Company.

Holders of approximately 99.9% of the Company's shares were represented at the Annual General Meeting.

Information on the New Directors

Augie K Fabela II is Chairman Emeritus and Co-Founder of VEON Ltd. He is Executive Chairman and Co-Founder of FastForward.ai, a Silicon Valley startup, with a mission to transform how brands and marketers engage with consumers inside social media channels. He is a serial entrepreneur, innovative global leader and #1 bestselling author of "The Impatience Economy". Augie graduated from Stanford University with a B.A. and M.A. in International Relations and International Policy Studies.

Morten Lundal has over 20 years' experience as an executive in the telecoms sector with extensive experience in emerging markets, having held key positions at Telenor Group in Oslo and Vodafone Group in London as well as CEO of Maxis Bhd and Digi.Com Bhd in Malaysia. Morten completed his Master of Business and Economics at the Norwegian School of Management and holds an MBA from IMD in Lausanne.

Stan Miller has over 30 years' experience in both the telecommunications and media industries. He has deep and broad experience as an Executive Director and CEO, NED & INED at listed companies across a number of diverse markets and countries. He is currently CEO of AIH SA (Lux), CEO of Leaderman SArL (Lux), a Member of the Board of MTN Group (Africa), and senior advisor to several leading PE firms. Stan graduated with a Diploma in Law & Administration from Technicon RSA (UNISA). He completed several post graduate programs at University of Cape Town Graduate School of Business (UCT) and at London Business School (LBS).

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