AGREEMENT
May 18, 2001
First NIS Regional Fund SICAV ("First NIS Fund") and BPEP Management
UK Limited ("BPEP") hereby agree, pursuant to Rule 13d-1(k) under the
Securities Exchange Act of 1934, as amended (the "Act"), to file a joint
statement on Schedule 13D under the Act in connection with their beneficial
ownership of Common Stock, par value $0.01 per share, of Golden Telecom,
Inc. This Agreement applies to such Schedule 13D and any subsequent
amendments thereto, and shall be included as an Exhibit to such Schedule
13D and each such amendment.
First NIS Fund and BPEP state that they are each eligible to report
beneficial ownership on Schedule 13D pursuant to the Act.
First NIS Fund and BPEP shall each be responsible for the timely
filing of the statement and any amendments thereto, and for the
completeness and accuracy of the information concerning each of them
contained therein, but shall not be responsible for the completeness or
accuracy of the information concerning the others.
[signature page follows]
FIRST NIS REGIONAL FUND SICAV
By: /s/
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Name:
Title:
BPEP MANAGEMENT UK LIMITED
By: /s/
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Name:
Title:
