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Golden Telecom Announces Second Quarter Dividend Payment

10 June 2006

Golden Telecom, Inc. (NASDAQ: GLDN) today announcedthat its Board of Directors on June 1, 2006, approved the payment of aquarterly dividend of $0.20 per common share. The dividend will be paid onJune 30, 2006, to common shareholders of record as of June 16, 2006.


About Golden Telecom (www.goldentelecom.com)


Golden Telecom, Inc., (NASDAQ: GLDN) is a leading facilities-based providerof integrated telecommunications and Internet services in major populationcenters throughout Russia and other countries of the CIS. The Companyoffers voice, data and Internet services to corporations, operators andconsumers using its metropolitan overlay network in major cities includingMoscow, Kiev, St. Petersburg, Nizhny Novgorod, Samara, Kaliningrad,Krasnoyarsk, Almaty, and Tashkent, and via leased channels and intercityfiber-optic and satellite-based networks, including approximately 278combined access points in Russia and other countries of the CIS. TheCompany offers mobile services in Kiev and Odessa.


Statements made in this press release are forward-looking and are madepursuant to the safe harbor provisions of the Securities Litigation ReformAct of 1995. Such statements include the expected payment of the dividendon June 30, 2006. It is important to note that such statements involverisks and uncertainties, which may cause outcomes to differ materially fromthose set forth in these statements. Such risks and uncertainties include,but are not limited to, the possibility that we may not pay the dividend.Additional information concerning factors that could cause results todiffer materially from those in the forward-looking statements is containedin the Company's filings with the U.S. Securities and Exchange Commissionincluding the Company's quarterly reports on Form 10-Q, current reports onForm 8-K filed during 2006, and the Company's annual report on Form 10-Kfor the year ended December 31, 2005.


FOR MORE INFORMATION PLEASE CONTACT:


Public Relations:Anna Chin Go Pine-mail: Email Contacttel.: +7-095-797-9300;fax: +7-095-797-9332


Investor Relations:e-mail: Email Contacttel.: +7-095-797-9300;fax: +7-095-797-9331www.goldentelecom.com


SOURCE:  Golden Telecom

Source: marketwire


All trademarks and copyrighted information contained herein are the property of their respective owners.


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