NEW YORK, USA (September 30, 2004) —Golden Telecom, Inc., a leading facilities-based
alternative provider of integrated telecommunication services in Russia and other countries of the
Commonwealth of Independent States (“CIS”), today announced that a top-management of the company
will take part in the official opening of quotation on the NASDAQ on Thursday, September 30, 2004. The
event will mark the fifth anniversary of the Company’s listing on the NASDAQ.
The ceremony will start at the headquarters of the NASDAQ at 9:15 am (local time). The opening will be
followed by a press conference featuring Golden Telecom President and Chief Executive Officer, Mr.
Alexander Vinogradov and Chief of the Federal Service for Financial Markets of the Russian
Federation, Mr. Oleg Vyugin.
About Golden Telecom (www.goldentelecom.com)
Golden Telecom, Inc., NASDAQ: “GLDN” is a leading facilities-based provider of integrated
telecommunications and Internet services in major population centers throughout Russia and other
countries of the CIS. The Company offers competitive local exchange carrier services using its overlay
network in Moscow, Kiev, St. Petersburg, Nizhny Novgorod, Samara, Kaliningrad, and Krasnoyarsk; data
and long-distance services using a fiber optic and satellite-based network – including approximately 200
combined access points in Russia and other countries of the CIS; dedicated and dial-up Internet access to
businesses and consumers; Internet content through numerous web brands powered by its ROL portal;
and mobile services.
FOR MORE INFORMATION, CONTACT:
Anna Chin Go Pin
tel.: +7-501-797-9300; fax: +7-501-797-9332
tel.: +7-501-797-9300; fax: +7-501-797-9331