RMG Royal Mail Plc

    


Rambler Media Limited



                         RAMBLER MEDIA SELLS TV BUSINESS

Rambler Media Limited ("Rambler Media" or "the Company"), a leading provider of
internet and multimedia services to the global Russian-speaking community, today
announced the sale of its TV business 'Rambler TV' to Osgora Productions
Limited, a 100% subsidiary of Prof-Media, a Russian media holding company. The
total consideration will be announced at the completion of the transaction after
receipt of the regulatory approvals.

The disposal reflects Rambler Media's strategy to concentrate on growing its
core Russian language internet business, which generates the majority of the
Company's total revenue. The sale proceeds will be used by Rambler Media to
pursue its growth strategy, which may include the selective acquisition of
cash-generative businesses that complement Rambler Media's core internet
business activities.

Prof-Media is making the acquisition in the interests of its Moscow-based '2x2'
start up TV-channel, thereby broadening its coverage including Saint Petersburg.

Rambler TV is a free-to-air channel, which holds a national broadcasting license
in Russia and reaches approximately 40 million people (33% of all Russian
households) through a network of around 900 local affiliate stations
broadcasting in around 470 towns and cities across Russia. The network owns a
station in Saint Petersburg, the second largest advertising market in Russia
after Moscow.

In the first half of 2006, Rambler TV had a national share of viewing of 0.43%
(6-54 age group). Rambler TV generated US$ 2.15 million of revenue (14% of
Rambler Media's total revenue) and an EBITDA loss of US$ 1.4 million for the
first half of 2006. The channel reported US$ 2.8 million of revenue and an
EBITDA loss of US$ 3.27 million for the full year 2005.

Irina Gofman, Chief Executive Officer of Rambler Media, commented: "Although
revenues from Rambler TV more than doubled in the first half of 2006 compared to
the same period of last year, we believe that it will benefit from an owner with
more TV assets and particularly with a Moscow frequency. Our strategic focus is
to accelerate the development of our internet assets and further consolidate our
market-leading position in the Russian language internet market. Our primary
portal, Rambler.ru, is one of the most visited internet resources for the
Russian speaking community, attracting over 21 million unique visitors each
month and making Rambler an essential partner for advertisers. Some of our new
community-based initiatives include Rambler Vision (http://vision.rambler.ru/),
which is proving enormously popular and provides users with the chance to share,
search and discuss amateur and professional video content, as well as Rambler
Planet (http://planeta.rambler.ru/), which offers videoblogging services.

We have recently celebrated Rambler's tenth anniversary and our strategy is to
continue to be a pioneer in the Russian internet market moving forward, by
offering the highest quality selection of online products and services,
including multimedia search, communication, entertainment, information and
e-commerce through our powerful and well recognised brands. Video content is an
important aspect of this strategy and we will continue to explore the extensive
opportunities that exist in TV content through alternative platforms such as
IPTV and others."

Rafael Akopov, CEO of Prof-Media commented: "This acquisition is a major step in
broadening 2x2's broadcasting territory. 2x2 will become 'a channel of two
capitals', with young and active inhabitants of major cities forming its core
audience. Besides, Rambler TV's regional network has a standalone value for the
holding. The new channel is scheduled to launch in 2007."

The parties agreed to pursue cross-promotional opportunities between respective
Internet and TV resources.

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
William Marle
Tel. +44 (0) 20 7767 1000

Prof-Media
Konstantin Vorontsov
+7 495 787 5335
kvorontsov@profmedia.ru

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.

ABOUT PROF-MEDIA

Prof-Media holding was established in 1997 and today it is one of the largest
and most diversified media holdings in Russia, one of the leaders in the
newspaper, magazine, radio and cinema markets, with a consolidated turnover
topped US$240 million in 2005.

The holding is a major private investor in the Russian cinema industry,
operating a nationwide cinema exhibition chain 'Cinema Park' along with
production and distribution company 'Central Partnership'. The holding owns a
controlling stake in newspaper company 'Komsomloskaya Pravda', a magazine
publishing house 'Afisha', and a b2b publisher 'B2B Media'. Prof-Media runs four
FM-frequency radio stations, a number of internet portals and community builders
such as 'Afisha.ru' and 'E-xecutive.ru', and TV-channel '2x2', that will hit the
air in April 2007. For more information on Prof-Media, visit the corporate
website at www.profmedia.ru.

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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