Exhibit 99.16
AGREEMENT
SEPTEMBER 11, 2002
Cavendish Nominees Limited ("CAVENDISH"), Baring Vostok Priviate
Equity Fund LP1 ("BVPE 1"), Baring Vostok Private Equity Fund LP2 ("BVPE
2"), Baring Vostok Private Equity Fund LP3 ("BVPE 3"), Baring Vostok Fund
Co-Investment LP ("BVFCI"), NIS Restructuring Facility LP ("NIS
RESTRUCTURING"), Baring Vostok Fund (GP) LP ("BVF") and Baring Vostok Fund
Managers Limited ("BVF MANAGERS") 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.
Cavendish, BVPE 1, BVPE 2, BVPE 3, BVFCI, NIS Restructuring, BVF and
BVF Managers 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]
CAVENDISH NOMINEES LIMITED
By: /s/ Xxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Director
BARING VOSTOK FUND MANAGERS LIMITED
AS MANAGER OF
BARING VOSTOK FUND (GP) LP
AS GENERAL PARTNER OF
BARING VOSTOK PRIVATE EQUITY FUND LP 1
By: /s/ Xxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Alternate Director to Mrs Xxxxxx X.X. Xxxxxx,
Director
BARING VOSTOK FUND MANAGERS LIMITED
AS MANAGER OF
BARING VOSTOK FUND (GP) LP
AS GENERAL PARTNER OF
BARING VOSTOK PRIVATE EQUITY FUND LP 2
By: /s/ Xxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Alternate Director to Mrs Xxxxxx X.X. Xxxxxx,
Director
BARING VOSTOK FUND MANAGERS LIMITED
AS MANAGER OF
BARING VOSTOK FUND (GP) LP
AS GENERAL PARTNER OF
BARING VOSTOK PRIVATE EQUITY FUND LP 3
By: /s/ Xxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Alternate Director to Mrs Xxxxxx X.X. Xxxxxx,
Director
BARING VOSTOK FUND MANAGERS LIMITED
AS MANAGER OF
BARING VOSTOK FUND (GP) LP
AS GENERAL PARTNER OF
BARING VOSTOK FUD CO-INVESTMENT LP
By: /s/ Xxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Alternate Director to Mrs Xxxxxx X.X. Xxxxxx,
Director
BARING VOSTOK FUND MANAGERS LIMITED
AS MANAGER OF
BARING VOSTOK FUND (GP) LP
AS GENERAL PARTNER OF
NIS RESTRUCTURING FACILITY LP
By: /s/ Xxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Alternate Director to Mrs Xxxxxx X.X. Xxxxxx,
Director
BARING VOSTOK FUND MANAGERS LIMITED
AS MANAGER OF
BARING VOSTOK FUND (GP) LP
By: /s/ Xxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Alternate Director to Mrs Xxxxxx X.X. Xxxxxx,
Director
BARING VOSTOK FUND MANAGERS LIMITED
By: /s/ Xxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Alternate Director to Mrs Xxxxxx X.X. Xxxxxx,
Director
