Bern and Moscow, December 6, 2007 — WeRoam, a leading wholesale aggregator of Public WLAN Roaming and Golden Telecom, Inc. (“GLDN”), a leading provider of integrated telecommunications and Internet services in Russia and the Commonwealth of Independent States (“CIS”) today announce the signing of a partnership agreement.

This agreement significantly extends WeRoam’s global coverage of public WiFi hotspots by adding more than 12,700 hotspots of the Golden Telecom WiFi network throughout Russia. Additionally, WeRoam opens over 35,000 worldwide hotspots for roaming access to Golden Telecom’s WiFi customers. With this roaming project Golden Telecom uses the unique smart client software which identifies the local users, makes access to the international WiFi roaming system more convenient and augments WIFI project launched by Golden Telecom in 2007.

Toni Stadelmann, Vice Chairman of Comfone, said: “Implementation of the wireless roaming project with Golden Telecom was a very useful experience for our company. WeRoam’s experience in wireless roaming and in particular the test lab at our premises was extremely useful to shorten the project roll out and time for launching theservice.”

“This agreement is signed not only to attract new customers to Golden Telecom services in Russia, but to enable international roaming access to new Golden WiFi clients in more than 35,000 venues worldwide. Now our customers can use Golden WiFi globally”, — said Dmitry Bragin, Golden Telecom Vice-President of Consumer Market Solutions Business Unit.

About WeRoam:

WeRoam is a trademark of Swiss company Comfone AG. Comfone provides roaming services to over 300 operators in 125 countries worldwide. Its services portfolio includes signalling, data, clearing, hubbing and convergence services.

WeRoam specialises in wholesale mobility management and roaming solutions for the fixed and mobile telecommunications sector. Its patented open roaming platform connects to nearly 60 WISPs and offers an aggregated footprint of more than 35.000 hotspots. Key solutions found in GSM technology have been adopted to make up the WeRoam service. This positions WeRoam as the only open roaming platform supporting username/password and SIM based authentication for WLAN Roaming. All solutions easily integrate with existing products of Internet, Enterprise, GSM and VoIP service providers.

Learn more about WeRoam at www.weroam.com

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 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. The Company offers mobile services in Moscow, Kiev and Odessa.

About Golden WiFi:

Following the business strategy Golden Telecom provides broadband access to residential customers in the fast growing broadband market using wireless WiFi technology. The GoldenWiFi network consists of more than 12,700 indoor and outdoor WiFi nodes. Golden WiFi won the Global Telecoms 2007 Innovation award in September gaining global recognition for its service. Golden Telecom also signed a number of co-marketing agreements with major global corporations to provide Golden WiFi Internet access in their retail locations.