Rambler Media Limited



                            SHAREHOLDER NOTIFICATION

Rambler Media Limited ("Rambler Media" or "the Company"), the leading provider
of internet and multimedia services to the global Russian-speaking community,
has been notified by letter dated 17 October 2006 and received on 18 October
2006 that The Capital Group Companies, Inc. and its subsidiary Capital Research
and Management Company have increased their shareholding in Rambler Media from
493,000 Ordinary Shares or 3.292% of the Company's issued ordinary share capital
to 611,505 ordinary shares or 4.072% of the Company's issued ordinary share
capital. The change in shareholding was effected on 16 October 2006. The holding
is registered in the name of State Street Nominees Limited.

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

ING Wholesale Banking
Daniel Friedman
Tel. +44 (0) 20 7767 1000

ABOUT RAMBLER MEDIA

Rambler Media is an integrated and diversified Russian language media,
entertainment, services and content delivery company which operates various
internet properties including the leading Russian language internet portal and
search engine 'rambler.ru', on-line newspaper 'Lenta.ru', broadband ISP 'Rambler
Telecom', interactive advertising company 'Index20', and mobile content service
provider 'Rambler Mobile'. 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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