RMG Royal Mail Plc

    Rambler Media Limited



SHAREHOLDER NOTIFICATION

Moscow, Russia - June 1, 2006 - Rambler Media (the "Company"), a leading
integrated media company providing services to the global Russian-speaking
community, has been informed by Lehman Brothers International (Europe) ("LBIE")
by fax and letter dated 31 May 2006 that LBIE is legally and beneficially
interested in 869,044 Ordinary Shares of Rambler Media Limited, representing
5.80 per cent of the Company's issued ordinary share capital.

For further information, please visit www.ramblermedia.com or contact:

Rambler Media Shared Value Limited

Irina Gofman Nicolas Duperrier

Tel. +7 495 500 3826 Tel. +44 (0) 20 7321 5010

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 newspaper 'Lenta.ru', broadband ISP
'Rambler Telecom', interactive advertising company 'Index20', mobile content
service provider 'SMXCOM', and documentary 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.

Certain statements within this announcement constitute forward looking
statements. Such forward looking statements involve risks and other factors
which may cause the actual results, achievements or performance of the Company
to be materially different from any future results, achievements or performance
expressed or implied by such forward looking statements. Such risks and other
factors include, but are not limited to, general economic and business
conditions, changes in government regulations, and court interpretations of such
regulations, currency fluctuations (including the US$/Rbs rate), competition,
changes in development plans. There can be no assurance that the results and
events contemplated by the forward looking statements contained in this
announcement will, in fact, occur. Any forward looking statements made in this
announcement represent management's best judgment as to what may occur in the
future and are correct only as at the date of this announcement. The Company
will not undertake any obligation to release publicly any revisions to these
forward looking statements to reflect events, circumstance or unanticipated
events occurring after the date of this announcement except as required by
applicable law or by any applicable regulatory authority.

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