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Golden Telecom Announces Appointment of Vice-President of Corporate Finance and Head of Investor Relations.
28 Oct 2004

MOSCOW, Russia (October 28, 2004). Golden Telecom, Inc. (NASDAQ: GLDN), today announced that Ranjit Singh will be appointed as Vice-President of Corporate Finance and Head of Investor Relations of Golden Telecom, Inc., effective November 1, 2004. Ranjit Singh will assume the position of Vice-President of Corporate Finance and will replace Tom Adshead in the position of Head of Investor Relations.

Prior to joining Golden Telecom, Ranjit Singh was Chief Financial Officer of Multi-Bank Services, Ltd. and Multi-Bank Securities, Inc. based in Michigan, U.S.A., where he managed the capital structure and all financing activities for Multi-Bank's national brokerage operations. From 2001 through 2003, he was seconded to Hong Kong as Director of International Tax for a public multinational energy client of Deloitte and Touche LLP. Prior to working in Hong Kong, Mr. Singh worked in Arthur Andersen's International Tax Services & Consulting Group where he assisted multinational companies with their international tax and business planning with an emphasis on mergers and acquisitions, reorganizations, and corporate and project financings of international operations. He has advised companies in various geographical areas including, Asia-Pacific, Europe, Latin America, and North America and in many industries ranging from electrical utilities, telecommunications, technology, security, transportation, financial services, and manufacturing enterprises. Ranjit Singh graduated with a Juris Doctor (JD) from Emory University School of Law and a Bachelors of Business Administration (BBA) from the University of Michigan. Brian Rich, Senior Vice President and Chief Financial Officer of Golden Telecom commented that, "Ranjit's experience in working in diverse jurisdictions, knowledge of cross-border financings and Mergers and Acquisitions analysis and integration, and experience in telecommunications and other infrastructure industries makes him an ideal candidate and we look forward to his contribution. We also thank Tom Adshead for his contribution to Golden Telecom and wish him well in his new endeavor."

Ranjit Singh added: "I look forward to the exceptional opportunities at Golden Telecom. Golden Telecom has an excellent reputation for corporate governance and tremendous promise, and I look forward to being a part of the growth of Golden Telecom."

Golden Telecom Inc.

Altimo, a leading private equity group, operating on some of the world's most desirable and potentially lucrative mobile telecommunications markets, was created in 2005 from Alfa Telecom, which itself was established in 2004 to hold the telecoms investments of the Alfa Group Consortium (Golden Telecom, Inc., Turkcell Iletisim Hizmetleri A.S., Kyivstar GSM, MegaFon, VimpelCom, Sky Mobile). Those assets are in Russia , the CIS and other promising emerging markets.

Golden Telecom Inc. is a leading independent  fixed-line communications operator in Russia. The company provides, via its own infrastructure, complex telecommunications and internet services in Russia and several CIS countries. Listed on US NASDAQ. In Q1 2008, VimpelCom acquired 100% of the oustanding share capital of Golden Telecom.


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