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GOLDEN TELECOM - sixth year of successful activities in Ukraine.

Kiev, the 11th of June 2002. This date was marked in the history of GOLDEN TELECOM, one of the leading providers of integrated telecommunication services, as a sixth anniversary of its successful business engagement in Ukraine.

On the 7th of June 2002 more than 300 hundred members of GOLDEN TELECOM's family teamed up on a "Taras Shevtchenko" cruise boat to celebrate the company sixth anniversary. Many company's partners and representatives of largest Ukrainian mobile communication companies honored the event by their presence.

GOLDEN TELECOM initiated its business activities in Ukraine back in 1996 and as of today it remains one of the most recognized and respectful leaders of Ukrainian telecommunication market. Presently GOLDEN TELECOM is the leader when it comes to rendering integrated telecommunication services to corporate clients and operators of mobile communication services. The company represents a part of GOLDEN TELECOM Inc Holding and provides a full spectrum of the most advanced telecommunication solutions of any complexity challenging the following business interests such as local, long-distance and international telephone communication, data transmission, Internet services including corporate Internet connection through provided communication sluices as well as commutated access to Internet for wide range of Internet users.

The ceremonial gathering was addressed by the General Director of GOLDEN TELECOM Mr. Pejnovic who in a brief speech congratulated the company employees and guests as well as elaborated on those tasks and challenges to be handled and faced by the company in the nearest future.

"Management of our maternal company GOLDEN TELECOM Inc. confirms its business interests in continuing investment in Ukraine and further development of our company. As a bid team we will continue to work hard in order to strengthen our image as a company recognized through providing advanced telecommunication solutions, high quality of rendered services and professionalism of our dear personnel", said Mr. Pejnovic. "On a first day of our emergence on the Ukrainian market the company has done what it took to render to our clients best in Ukraine services assessable and affordable to consumers in many developed countries. We have managed to accomplish many tasks - that is confirmed by our dear customers representing both practically all known multinational corporations doing their business in Ukraine and native Ukrainian enterprises. Nowadays the challenge is to sustain the momentum and move further to gain and enjoy future successes".

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