RMG Royal Mail Plc

    


Rambler Media Limited



             NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

Rambler Media Limited ("Rambler Media" or "the Company"), the leading provider
of internet and multimedia services to the global Russian-speaking community,
today announces that the Company is convening an Extraordinary General Meeting
("EGM") of shareholders on Thursday 15 March 2007 at 10.00 am at the registered
offices of the Company, located at First Island House, Peter Street, St Helier,
Jersey, C.I. JE4 8SG to consider two new directors appointments as well as to
appoint PricewaterhouseCoopers as auditors of the Company for the fiscal year
2006 annual audit.

Company's Directors

In accordance with the provisions of the Company's articles of association. PM
Invest Company Limited ("PM"), who represents approximately 55% of the
outstanding shares of Rambler, proposed the appointment to the Board of Messrs
Vladimir A. Pravdivy and Ilya Oskolkov-Tsentsiper.

Due to its rapid growth and to reflect a more appropriate representation of the
new majority shareholder on the Board, Rambler Media is putting these
resolutions forward. Assuming that the proposed appointments are made, the new
Directors will greatly contribute to the further development of the Company and
enhance its position as the leading multi-service internet resource for the
global Russian community. Messrs Vladimir Pravdivy, Ilya Oskolkov-Tsentsiper
have valuable experience and strong track records working for large Russian
media and telecommunications businesses.

Mr Vladimir A. Pravdivy, aged 31, has been Deputy CEO and CFO of Prof-Media
since 2006. From 2004 to 2006 he held the position of CFO at Mobile TeleSystems
OJSC in North-West Russia. From 2001 to 2004 he worked in the capacity of CFO at
ABBYY Software House in Moscow. Previously, he worked at Price Waterhouse
Coopers in St. Petersburg. He graduated with honors from St. Petersburg's State
University of Economics and Finance.

Mr Ilya Oskolkov-Tsentsiper, aged 39, is CEO of Afisha Publishing House, where
he has held several positions since April 1998. Previously, he was
editor-in-chief of "Vechernaya Moskva" magazine and editor-in-chief of "Matador"
magazine. He was educated at the Russian Academy of Theatre Art (GITIS) in
Moscow and Universite de Dijon, France.

Messrs Alexander Rappaport and Vitaly Rudenko have signified their intentions to
resign from the Board of Directors. Mr. Rudenko, however, will retain his
position as COO of the Company.

Company's Auditor

In order to increase reporting and consolidation efficiencies with its
controlling shareholder, Prof Media, the Company is asking shareholders to
consider the appointment of PricewaterhouseCoopers as auditors of the Company
for the fiscal year 2006 annual audit.

A copy of the Notice of EGM along with the form of proxy have been sent to
shareholders and will be available to the public for one month free of charge
from the offices of First Island Secretaries Limited, First Island House, Peter
Street, St Helier, Jersey, C.I., JE4 8SG.

To participate in the EGM, all proxy forms should be returned to First Island
Secretaries Limited, First Island House, Peter Street, St Helier, Jersey, C.I.,
JE4 8SG, marked for the attention of Jane Dolby and must be received no later
than 48 hours prior to the meeting. Any proxies received after this time will
not be eligible to vote.

The Directors recommend that shareholders vote in favour of the following
resolutions:

1. To accept the resignation of Mr Rappaport as a Director of the Company.

2. To accept the resignation of Mr Rudenko as a Director of the Company.

3. To consider and if thought fit appoint Mr Pravdivy as a Director of the
Company for a term until the 2008 AGM.

4. To consider and if thought fit appoint Mr Oskolkov-Tsentsiper as a Director
of the Company for a term until the 2008 AGM.

5. To consider and if thought fit approve the following resolution, to be passed
as a special resolution:

"THAT the Company's Articles of Association be and are hereby amended by adding
to the current article 16 the following new article 16 (7); "Notwithstanding
articles 16 (1) to 16 (6) the board may at any time appoint new Director(s) when
vacancies occur between AGMs. The appointment would be for the period until the
Company holds its next AGM, at which point the shareholders at that time would
vote on new terms for all the current directors.""

6. To consider and if thought fit approve the following resolution, to be passed
as a special resolution:

"THAT the Company's Articles of Association be and are hereby amended by (1)
deleting the words "the Directors subject to retirement in accordance with
article 17(4)(b) below" from the first sentence of article 17(4)(a) and
replacing with the words "all Directors of the Company" and (2) deleting all but
the final sentence of article 17(4)(b)."

7. To accept the resignation of Moore Stephens LLP as auditors of the Company.

8. To consider and if thought fit appoint PricewaterhouseCoopers as auditors of
the Company for the fiscal year 2006 annual audit as auditor of the Company
until the conclusion of the next annual general meeting of the Company and to
authorise the directors of the Company to determine the remuneration as auditors
for such period.

9. Any other business.

The proposed Directors are, or have during the last five years been, directors
or partners of the following companies or partnerships:

Vladimir Pravdivy

                       CURRENT                              PAST
----------------------------------------------------------------------
Independent Network Television Holding Limited CJSC
LDV Press CJSC
Business Media Communication LLC
E-xecutive Community of Managers CJSC
Broadcasting Corporation Prof-Media CJSC
CP Development LLC
CP Holding CJSC
Central Partnership CJSC
2x2 Television Channel CJSC
Company Business - development JSC
AFISHA Industries CJSC

Ilya Oskolkov-Tsentsiper

                       CURRENT                              PAST
----------------------------------------------------------------------
AFISHA Industries CJSC

Save as set out in this Announcement, there are no further disclosures to be
made in respect of the proposed Directors in accordance with paragraph (g) of
Schedule Two to the AIM Rules.

                                       ***

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

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.

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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