RMG Royal Mail Plc

    


Rambler Media Limited

ANNOUNCEMENT BY PROF-MEDIA FOLLOWING ACQUISITION OF RAMBLER MEDIA SHARES

Rambler Media Limited ("Rambler Media" or "the Company"), the leading provider
of internet and multimedia services to the global Russian-speaking community,
notes the following announcement made yesterday by Prof-Media following the
acquisition of shares in Rambler Media by PM Invest Company Limited, part of
Russian media group Prof-Media, and Endicott Holdings Limited.

             "Prof-Media to acquire 54.8% in Rambler Media Limited"

"On Monday, October 30, 2006, Prof-Media acquired shares representing
approximately 48.8% in Rambler Media Limited ("Rambler Media" or "the Company"),
a leading provider of internet services to the global Russian-speaking
community. Prof-Media has also agreed to purchase approximately 6.0% of the
issued shares in the Company, subject to the receipt of the approval of
regulatory authorities.

Rambler Media is a leading internet-based diversified media entertainment,
services and content delivery company. It targets the global Russian-speaking
Internet community which is estimated at approximately 300 million people.
Rambler is the second most popular Russian based search engine and one of the
top three most popular Internet resources in Russian Internet by traffic and
page views. Rambler Media's main online resource Rambler.ru (www.rambler.ru) has
21 million unique monthly visitors, while monthly page views exceed 1.5 billion.
Rambler Media's consolidated net sales reached US$16 million for the first sixth
months ended 30 June 2006 (up nearly 100% period on period) and a net profit of
nearly US$2.5 million.

Rambler Media's shares are listed on the AIM market of the London Stock Exchange
and Prof-Media is interested in their healthy trading market and further
appreciation. Currently, Prof-Media does not envisage any further purchase of
shares in the Company except as described above.

Prof-Media believes that the Russian internet has very high growth potential and
is particularly optimistic about Rambler Media, a leader in search, social
networking, communication services and e-commerce. Rafael Akopov, CEO of
Prof-Media, commented: "This transaction is another important step in
establishing Prof-Media as a leading Russian diversified media group with a
significant exposure to new media. Our stake in Rambler Media, which will become
a pure play internet company, is going to be a key element in Prof-Media's
on-line strategy. As a strategic investor in Russian media we intend to build on
the impressive achievements of the Company to date and to take it to the next
level of development (including M&A), while supporting management continuity and
best corporate governance practices".

As reported by Rambler Media last week, Prof-Media has also signed a contract on
October 24, 2006 for the purchase of "Rambler TV", the TV business of Rambler
Media, from the Company. The transaction is expected to be completed as planned
after the receipt of regulatory approvals by the end of this year.

Renaissance Capital acted as an exclusive financial advisor to Prof-Media on the
acquisition of the interest in Rambler Media".

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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