Amsterdam and Cairo/London (September 16, 2014):VimpelCom Ltd. ("VimpelCom") and Global Telecom Holding S.A.E. ("GTH") announce that they have agreed to sell all of their debt and equity interest (the "Interest") in the Globalive group of companies in Canada, including Globalive Wireless Management Corp. ("Wind Canada"), the operator of the Wind Mobile cellular telephony service in Canada. Globalive Capital (formerly AAL Holdings), the controlling shareholder of Wind Canada, and certain investment funds are acquiring the Interest for approximately CAD 135 million, with the proceeds going to VimpelCom in repayment of part of the debt owed to VimpelCom. At the same time, GTH will be released from all of its obligations under the related Shareholders Agreement and certain debt obligations of Wind Canada. The transaction is expected to close shortly.