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Golden Telecom

February 6, 2004

Golden Telecom Announces New Chief Operating Officer

MOSCOW, Russia (February 6, 2004).

Golden Telecom, Inc. (NASDAQ: GLDN),

a leading independent telecommunications operator in Russia, today announced that

Michael ?upa has been appointed as Chief Operating Officer (COO) of Golden

Telecom, Inc., replacing Stan Abbeloos.

Michael ?upa joins Golden Telecom from Contactel, a Czech alternative operator,

where he has been Chief Executive Officer since 1999. Prior to that, he worked at

?esky Telecom from 1992 to 1999, starting as Section Head of Strategy and Policy,

then Director of Network Development, then Chief Operating Officer and finally

Executive Vice President for Networks and Value Added Services. Mr ?upa has an

MBA from the University of Chicago Graduate School of Business in Barcelona,

Spain, a Master of Business Telecommunications from the Delft University of

Technology in the Netherlands, and an MSc. in Telecommunications Technology

from the Czech Technical University in Prague.

Alexander Vinogradov, President and Chief Executive Officer of Golden Telecom,

Inc. commented: .We are delighted to welcome a senior executive of Michael ?upa.s

caliber. He is well known in the industry and is a great addition to the team. This is an

exciting time for Golden Telecom . we will start to integrate Comincom and

Combellga in 2004, and our regional expansion continues apace. Mr ?upa.s unique

experience makes him a valuable player as we pursue these exciting opportunities..

Michael ?upa added: .Golden Telecom has a superb reputation both inside and

outside Russia, and I was delighted when Mr. Vinogradov invited me to join the team.

The company has spent over a decade building a world class network and service

team, which will be an excellent platform for future growth..

Mr Abbeloos has served as the company.s COO since it went public in 1999,

overseeing the construction of the largest alternative telecommunications network in

Russia, as well as the acquisition of Sovintel in 2001-2, and of Comincom-Combellga

in 2003.

Alexander Vinogradov, President and Chief Executive Officer of Golden Telecom,

Inc. commented: .Stan has been a good friend and key colleague for many years, and

I am very sorry to see him leave. He has done sterling work for the company during

his time here, and we wish him well in the future..

Stan Abbeloos replied: .My eight years with Golden Telecom have been happy ones,

and I am proud of the work that we have done, and the team that we have assembled.

With the merger of Sovintel and TeleRoss complete, and the integration of Comincom

and Combellga about to start, it makes sense for me to step back and pursue other

opportunities in Russia. I would like to thank Alexander Vinogradov and my other

colleagues at Golden Telecom for their companionship and collaboration over the

years..

About Golden Telecom (www.goldentelecom.com)

Golden Telecom, Inc. (NASDAQ: .GLDN.) is a leading facilities-based alternative

provider of integrated telecommunications and Internet services in major cities of

Russia and other countries of the Commonwealth of Independent States (CIS). The

Company offers voice, data and internet services to corporations, operators and

individual customers using its overlay networks in Moscow, Kiev, St. Petersburg,

Nizhny Novgorod, and Krasnoyarsk and via inter-city fiber-optic and satellite-based

networks, including 150 combined access points in Russia and other CIS countries.

The Company provides mobile services in Kiev and Odessa.

For additional information please apply to:

Public relations:

Anna Chin Go Pin

e-mail: achin@gldn.net

tel.: +7-501-797-9300;

fax: +7-501-797-9332

Investor relations:

Tom Adshead

e-mail: tadshead@gldn.net

tel.: +7-501-797-9300;

fax: +7-501-797-9331

www.goldentelecom.com

 

 

 

 

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