RMG Royal Mail Plc

    


Rambler Media Limited

RAMBLER MEDIA ANNOUNCES PRICE AGREEMENT

                             FOR SALE OF 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
announces that final negotiations with respect to interim funding arrangements
have officially been agreed and that Rambler Media will receive a consideration
of US$23 million in cash for the sale of its TV business 'Rambler TV' to Osgora
Productions Limited, a 100% subsidiary of Prof-Media, a Russian media holding
company. The transaction will take effect at completion, which will be only
after the receipt of regulatory approvals. A further announcement will be made
at completion.

The disposal, which was announced on 24 October 2006, 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.


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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