RMG Royal Mail Plc

    Rambler Media Limited

   Rambler Media Completes Acquisition of Damochka.ru and BannerBank

Further to the preliminary agreement announced on 30 June 2006, Rambler Media
Limited ("Rambler Media" or "the Company"), a leading integrated media company
providing services to the global Russian-speaking community, confirms that the
Company has today completed the acquisition of 51% of Damochka.ru, a leading
Russian social network internet company, and 51% of BannerBank, the online
banner exchange company - both acquired from eHouse Holding ('eHouse'). The
total consideration for each acquisition falls below the substantial transaction
disclosure threshhold required by the AIM rules. Rambler Media retains the
option to acquire the remaining 49% of both companies from eHouse for three
months.

Damochka.ru is a leading Russian language, social network, and personal ads
website. Damochka.ru currently has more than 1.7 million registered users, of
whom over 700,000 are active users.

BannerBank operates a Virtual Banner Network (VBN), one of Russia's most
sophisticated banner exchange networks, which optimises online advertising
campaigns and provides detailed information about the impact of banner
advertising. It generates approximately 130 million banner shows per day.

Irina Gofman, CEO of Rambler Media, commented: "Through these acquisitions,
Rambler continues to demonstrate its focus on internet and to deliver on its
strategy of expanding the range of premium value-added community services for
its 23 million online users. Damochka.ru's social networking services are
proving very popular in Russia and serve to reinforce Rambler's position as the
number one multiservice internet portal for the Russian community. In addition,
the acquisition of Bannerbank will expand our advertising and audience reach
across more than 80,000 smaller Russian Internet sites who are members of their
network, as well as further cross-promote Rambler Media's various web
properties."

***

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$/Rbls 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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