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February 2, 2004

OJSC Vympelcom and CyberPlat® payment system have started their joint project in 1998. The first transaction under the project was remote placement of money to a client's account via CyberPlat® payment system. At present, these operations count thousands per day.

During implementation of the joint payment project for receiving BeeLine payments through CyberPlat® dealer network total amount of effected transactions with BeeLine GSM clients reached 5.1 Bln. roubles. At present BeeLine GSM and CyberPlat® have significantly expanded their cooperation by including CyberPlat®'s partner retail networks into the project. Thus, payments can be made in the Moscow's gambling system Jackpot locations, in Ostrov and SPAR supermarkets, MIR and Bely Veter electronics stores. Payments to BeePay clients' accounts take just a few seconds are accepted in real time and without extra commission. The whole procedure consists of telling the phone number and the amount, paying money to the cashier and getting a receipt when the transaction is finished. This service provides BeeLine GSM clients with comfortable and reliable payment instrument.

All gambling locations of Moscow's gambling system Jackpot, Ostrov and SPAR supermarkets receiving payments work 24-hours a day without holidays.

OJSC VympelCom
VympelCom is Russia's leading cellular operator, working under the BeeLine trademark - one of the best-known brands in Russia. Vympelcom's operating licenses cover around 92% of Russia's territory (134 million people), including Moscow, Moscow region and Saint Petersburg. VympelCom became the first Russian company to get on NYSE list. Company's NYSE symbol is VIP. VympelCom's convertible debentures are quoted as VIP-05.

Beepay
BeeLine client payment system with over 4,000 payment outlets in Moscow and in the regions.

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