SOURCE: Golden Telecom, Inc.

October 31, 2006 09:56 ET

Golden Telecom, Inc. Announces 3rd Quarter 2006 Earnings Release Conference Call and Webcast Live

MOSCOW -- (MARKET WIRE) -- October 31, 2006 -- Golden Telecom, Inc. (NASDAQ: GLDN)

             Jean-Pierre Vandromme, Chief Executive Officer

               Boris Svetlichny, Chief Financial Officer

    to discuss Golden Telecom's 3rd Quarter 2006 financial results
             and other financial and operating developments.

   You can e-mail your questions in advance to our Investor Relations
                    or Public Relations Department.

                      Wednesday, November 8, 2006
                   9:00 a.m. (U.S. Eastern Time Zone)
                        2:00 p.m. (London time)
                        5:00 p.m. (Moscow time)

                             Where to call
                        U.S.: +1 (800) 230-1096
                     International: +1(612) 288-0337
                       No access code is necessary

                 To hear a replay of the conference call:
           November 8, 7:30 p.m. through November 15, 11:59 p.m.
                         (U.S. Eastern Time Zone)
                         U.S.: +1 (800) 475-6701
                     International: +1 (320) 365-3844
                        Enter Access Code: 846878

                              Live Webcast
           Please go to:
         (The web cast will also be available for replay on the
                        Internet from November 9)

Contact Information

    Investor Relations:
    Alexey Subbotin
    Phone: +7 (495) 797-9300
    E-mail: Email Contact

    Public Relations:
    Anna Chin Go Pin
    Phone: +7 (495) 797-9300
    E-mail: Email Contact