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Stock Trading History of Subbotin Alexey

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 Subbotin Alexey since year 2005. The trader's CIK number is 1371149. At the time of this reporting, Subbotin Alexey is the Director, Investor Relations of Golden Telecom Inc (stock ticker symbol GLDN).

Stock purchases, sales, and option exercises reported by *Subbotin Alexey* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2007-08-01	GLDN	Golden Telecom Inc	Option Exercise	5,000	24.90	124,480
2007-08-01	GLDN	Golden Telecom Inc	Sale	5,000	28.90	144,520
2007-07-05	GLDN	Golden Telecom Inc	Option Exercise	5,000	23.71	118,550
2007-07-05	GLDN	Golden Telecom Inc	Sale	5,000	53.80	269,000

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 Subbotin Alexey (Director, Investor Relations of Golden Telecom Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.