Moscow, Russia (August 30, 2007). Golden Telecom, Inc. (“Golden Telecom”) (NASDAQ: “GLDN”), a leading provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States (“CIS”), and re:Store retail outlets announce the launch of a joint campaign “Each Buyer of a Mac computer receives 3 Hours of Golden WiFi access”

The campaign will continue from August 27 to September 30, 2007. When purchasing any model of the Mac computer included in the campaign at any of re:Store retail outlets in Moscow the buyer will receive a card from Golden Telecom which gives three hours of wireless Internet access via the Golden WiFi network. To use the WiFi services new users must register on the website www.goldenwifi.rubefore January 31, 2008.

The detailed information about the campaign and the addresses of re:Store retail outlets can be found on the following  websites: www.goldenwifi.ru and www.re-store.ru.

About the Golden WiFi Network:

The Golden WiFi network has been recognized as the largest WiFi network in the world. Golden WiFi consists of more than 7,500 access points with a coverage zone of about 800,000 households in Moscow.

About the re:Store retail outlets:

The chain of re:Store shops was founded in November 2005. At the present time, 26 re:Store Apple Premium Reseller shops have been opened in 13 cities of Russia and preparations are underway for opening more than 10 new shops. The re:Store shops are an excellent place for buying Apple products – latest models of notebooks, desk computers, players and accessories.