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VEON appoints Johan Buse as the Incoming CEO of Banglalink

1. Johan Buse appointed CEO of Banglalink, effective April 6, 2025. 2. Buse has extensive telecom experience in emerging markets. 3. Erik Aas, outgoing CEO, led Banglalink for nine years of growth. 4. Buse aims to enhance digital services in Bangladesh. 5. VEON focuses on bridging the digital divide and fostering innovation.

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Why Bullish?

The appointment of Johan Buse suggests potential for accelerated growth in Banglalink, which could positively influence VEON's stock performance, especially as new leadership often energizes a company's strategic direction. Historical precedent shows that leadership changes can lead to enhanced operational performance and stock gains, especially in fast-growing markets like Bangladesh.

How important is it?

The leadership change at Banglalink is significant as it directly pertains to VEON's operations in a high-growth market. The strategies implemented by Buse could influence VEON's future performance and investor sentiment, warranting a high importance score.

Why Long Term?

Buse's strategic vision for Banglalink may take time to materialize into tangible results, reflecting a gradual growth trajectory as initiatives are rolled out. Long-term investments in digital infrastructure could yield significant returns, similar to trends observed in other telecom markets experiencing tech advancements.

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March 17, 2025 02:00 ET  | Source: VEON Ltd. Dubai and Dhaka, 17 March 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces that Johan Buse has been appointed as the Chief Executive Officer of Banglalink, VEON’s digital operator in Bangladesh, effective 6th April 2025. Johan joins Banglalink from StarHub in Singapore where he led the Consumer Business Group focusing on strategy and business transformation. Prior to that, Johan has decades of experience in the telecom industry across Europe, Asia and the Middle East. He previously served as the Chief Commercial Officer of Ooredoo Oman and held senior positions at Deutsche Telekom Croatia, AXIS and Singtel. Johan will succeed Erik Aas who has made the decision to move on from Banglalink after nine successful years. Commenting on the appointment, VEON Group CEO Kaan Terzioglu said: “I welcome Johan to the VEON family and Banglalink team. With decades of experience across multiple emerging markets, he is well positioned to accelerate our digital expansion and our contributions to the growth of the Bangladesh economy. I also extend my heartfelt thanks to Erik Aas for his outstanding leadership over the past nine years, during which Banglalink has become a nation-wide operator, offering a superior 4G experience and market-defining digital services through Toffee, MyBL and RYZE.”   Banglalink CEO Erik Aas said: “Over the past nine years, it has been a privilege to lead the terrific Banglalink team, bringing VEON’s innovative spirit, ‘4G for all’ focus and digital services to millions of Bangladeshis. I’m pleased to pass the mantle to a highly qualified successor like Johan Buse, who I’m sure will take Banglalink to new heights in service of Bangladesh, with the support of a world-class team.”   Johan Buse said: “I very much look forward to taking over the leadership baton from Erik and having the privilege to lead Banglalink at this important time where the future is filled with customer-focused value creating opportunities. As Bangladesh goes through a historic period of change, transforming the digital landscape of the country by equipping the people of Bangladesh with highly demanded digital and connectivity services is more important than ever. We have a great opportunity to leverage VEON’s digital expertise and the skills of Banglalink’s world-class team to accelerate the efforts to bridge the digital divide, foster innovation and create opportunities that will positively impact the lives of millions in Bangladesh. I am looking forward to realizing these opportunities with our team and our customers.”  About Banglalink Banglalink is one of the leading digital communications service providers in Bangladesh, working to unlock new opportunities for its customers as they navigate the digital world. Driven by the vision of transforming lives through technology, Banglalink also strives to transform into a future-ready service provider capable of catering to the demands of the new digital era. It is a subsidiary of VEON Ltd - a Nasdaq listed connectivity provider headquartered in Dubai. For more information, visit: www.banglalink.net About VEON VEON is a Nasdaq-listed digital operator that provides connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. For more information visit: www.veon.com Disclaimer This release contains “forward-looking statements”, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s corporate strategy, growth expectations and management structure. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. 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 U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. Contact Information Hande AsikGroup Director of Strategy and Communicationspr@veon.com Johan Buse Johan Buse Johan Buse, Incoming CEO of Banglalink

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