Rambler Media Limited

SHAREHOLDER NOTIFICATION

Rambler Media Limited ("Rambler"), an integrated media company delivering
internet, mobile and television services to the global Russian-speaking
community has been notified on 1 March 2006 that Hazelbury Investments Limited
has reduced its shareholding in Rambler from 4.6% of the issued share capital to
3.94% of the issued share capital and now holds 589,600 shares.

For further information, please contact:
Rambler Media Limited                            Shared Value Limited
Irina Gofman, CEO                                Nicolas Duperrier
Tel: +7 095 5003826                              Tel. +44 (0) 20 7321 5010
gofman@ramblermedia.com                          rambler@sharedvalue.net


ABOUT RAMBLER MEDIA

Rambler Media is an integrated and diversified Russian language media,
entertainment, services and content delivery company with three main segments:
internet services; mobile value added services; and television broadcasting.
Rambler Media operates businesses including the Russian language internet portal
and search engine 'rambler.ru'; on-line news site 'Lenta.ru'; broadband ISP
'Rambler Telecom'; interactive advertising company 'Index20'; mobile content
service provider 'SMXCOM'; and entertainment TV network 'RamblerTV'. Rambler
Media's shares are traded on the AIM market of the London Stock Exchange under
the symbol 'RMG'. For more information on Rambler Media, visit our corporate
website at www.ramblermedia.com.

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