OREANDA-NEWS. July 2, 2007. Golden Telecom, Inc. (“Golden Telecom” or the “Company”) (NASDAQ: “GLDN”), the leading provider of integrated telecommunications and Internet services in the largest population areas throughout Russia and other countries of the Commonwealth of Independent States (“CIS”), today announces the signing of partnership agreement with the Brazilian Football School in Russia, a project started by Langsdorf Humanitarian Projects’ Fund. Under this agreement Golden Telecom becomes the General Partner of the Brazilian Football School in Russia.

In October, 2005 the President of Russia – Vladimir Putin and the President of Brazil — Luiz Inбcio Lula da Silva agreed to establish the Langsdorf Humanitarian Projects’ Fund. The purpose of the Fund is to strengthen the cooperation between both countries. Boris Gryzlov has been appointed as Chairman of the Board of Trustees and Sergey Shishkarev became the President of the Fund. One of the first projects was establishing of the Brazilian Football School in Russia.