OREANDA-NEWS. Golden Telecom, Inc. (“Golden Telecom” or the “Company”) (NASDAQ: “GLDN”), 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”), announces that it signed recently Interconnection Agreements with two more national carriers, “Telecom Georgia” and "Tajiktelecom".

Golden Telecom continues its expansion strategy development in the CIS and Baltic Region. “Golden Telecom has long standing partnership relations with more than 130 of the largest national and cellular operators in these regions. Recently, we signed Interconnection Agreements with BITE LT (Lithuania), Telecom Georgia (Georgia) and TajikTelecom (Tajikistan). The agreements give us an opportunity to optimize traffic and guarantee high quality and competitive pricing in both Russian and International wholesale markets”, says Andrey Patoka, Vice-President for the Company’s International and Regional Business unit.

Statements contained herein are forward-looking and are made in compliance with safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements include those concerning partnership between Golden Telecom, Telecom Georgia and TajikTelecom, operational issues related to the Interconnection Agreements signed and our continued expansion policy. The results or events predicted in these statements may differ materially from actual results or events. Such risks and uncertainties include, without limitation, the possibility that the details of the agreement will change, or that we are not able to continue our regional development strategy as we anticipate. Additional information concerning factors that could cause results to differ materially from those in the forward looking statements is contained in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s quarterly reports on Form 10-Q, periodic reports on Form 8-K filed 2007, and the Company’s annual report on Form 10-K for the year ended December 31, 2006.