Rambler Media Limited



                                   Schedule 11

           Notification of Interest of Directors and Connected Persons

1. Name of Company

Rambler Media Limited

2. Name of Director

Irina Gofman

3. Please state whether notification indicates that it is in respect
of holding of the shareholder named in 2 above or in respect of a non
beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18 or in
respect of a non beneficial interest.

Holding of shareholder above and family of that shareholder

4. Name of registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

Etherial Limited

5. Please state whether notification relates to a person(s) connected
with the director named in 2 above and identify the connected
person(s)

Irina Gofman

6. Please state the nature of the transaction. For PEP transaction
please indicate whether general / single co PEP and if discretionary
non-discretionary

Sale of Shares

7. Number of shares / amount of stock acquired

8. Percentage of issued class

9. Number of shares / amount of stock disposed

112,800

10. Percentage of issued class

0.74%

11. Class of security

Ordinary shares of USD 0.01

12. Price per share

Not Disclosed

13. Date of Transaction

27 December 2006

14. Date company informed

28 December 2006

15. Total Holding following this notification

40

16. Total percentage holding of issued class following this
notification

If a director has been granted options by the company, please complete
the following boxes

17. Date of grant

18. Date during which or on which exercisable

19. Total amount paid (if any) for grant of option

20. Description of shares or debentures involved: class, number

21. Exercise price if fixed at time of grant or indication that price
is to be fixed at time of exercise

22. Total number of shares or debentures over options held following
this notification

23. Any addition information

24. Name of contact and telephone number for queries

Nicolas Duperrier +44 (0) 20 7321 5010

23. Name and signature of authorized company official for making this
notification

James Mullins, Chief Financial Officer

Date

28 December 2006



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