Stock Trading History of Smirnov Ilya

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Smirnov Ilya since year 2005. The trader's CIK number is 1369029. At the time of this reporting, Smirnov Ilya is the VP, Gen. Coun., Corp. Sec. of Golden Telecom Inc (stock ticker symbol GLDN).

Stock purchases, sales, and option exercises reported by *Smirnov Ilya* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2007-12-12	GLDN	Golden Telecom Inc	Sale	2,500	24.24	60,599
2007-12-12	GLDN	Golden Telecom Inc	Option Exercise	2,500	29.56	73,890
2007-06-27	GLDN	Golden Telecom Inc	Sale	5,000	53.80	269,000
2007-06-27	GLDN	Golden Telecom Inc	Option Exercise	5,000	25.24	126,195
2007-01-19	GLDN	Golden Telecom Inc	Sale	2,500	48.08	120,200
2007-01-19	GLDN	Golden Telecom Inc	Option Exercise	2,500	28.15	70,370

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Smirnov Ilya (VP, Gen. Coun., Corp. Sec. of Golden Telecom Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.