Golden Telecom Inc., (Golden Telecom) part of the VimpelCom Group. is a leading facilities-based provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States (“CIS”). The Company offers voice, data and Internet services to corporations, operators and consumers using its metropolitan overlay network in major cities including Moscow, Kiev, St. Petersburg, Nizhny Novgorod, Samara, Kaliningrad, Krasnoyarsk, Almaty, and Tashkent, and via intercity fiber optic and satellite-based networks, including approximately 314 combined access points in Russia and other countries of the CIS.

Services

Golden Telecom provides a variety of services to its customers. Some of the services offered include:

• Local numbers and lines, local, domestic long-distance and international digital voice services
• Private lines
• Dedicated Internet access
• Design, installation and management of private data networks
• Call center services

• Local numbers and connection lines to the Public Switched Telecommunications Network (PSTN), local, domestic long-distance and international traffic carrier services

• Voice traffic termination in Russia and the CIS
• Capacity resale

• Local, domestic long-distance and international traffic carrier services
• Voice over Internet Protocol (VoIP) traffic termination
• Broadband IP connectivity

• Dial-up Internet access
• Pre-paid calling cards

Shareholders

Golden Telecom was incorporated as a Delaware corporation on June 10, 1999 and is listed on NASDAQ under the symbol "GLDN". Current shareholders of Golden Telecom represent a balanced mixture of strategic and financial, as well as Russian and international investors.

Corporate Governance

Golden Telecom is committed to maintaining the highest standards of corporate governance in accordance with the laws and regulations of the United States and of all the countries in which it operates.