RMG Royal Mail Plc

    


Rambler Media Limited

Rambler Media Limited ("Rambler Media" or "the Company"), the leading provider
of internet and multimedia services to the global Russian-speaking community,
today announces the appointment of Mark Opzoomer as Chief Executive Officer
("CEO") and Arthur Akopyan as Chief Financial Officer ("CFO") with immediate
effect.

APPOINTMENT OF NEW CEO

The appointment of Mark Opzoomer as CEO follows the rapid development of Rambler
Media since its IPO in July 2005 into the leading multi-service online resource
for the global Russian-speaking community.

Mr. Mark Opzoomer, aged 49, has extensive knowledge of internet, communications
and media markets in many different countries and has provided Rambler Media's
Board with direct experience of these industries since 2005. Mark has had 24
years of corporate operating and deal making experience. He was the Managing
Director and Regional Vice-President of Yahoo! Europe from July 2001 to December
2003, where he successfully restored growth by focusing on specific product
lines. Prior to joining Yahoo! Europe, Mr. Opzoomer was Deputy Chief Executive
of Hodder Headline plc, a LSE-listed book publishing company, and previously
Commercial and Finance Director of Sega Europe Ltd and Commercial Director of
Virgin Communications Ltd. Since 2003, Mr. Opzoomer has been a private
consultant and non-executive director on the Boards of several companies
including Newbay Software Limited since June 2004, Oxigen II Limited since July
2004, Web Reservations International Ltd since March 2006, MIVA Inc since August
2006, and Entertainment One Ltd since February 2007. In addition, Mr. Opzoomer
served as Chairman of the audit committee of Autonomy Corporation plc from
October 2003 to October 2004, and has been Chairman of the audit committee and
non-executive director of Rambler Media since 2005. Mr. Opzoomer is one of the
founding partners and a director of Bond Capital Partners Ltd, a provider of
late stage structured finance to mid-market companies in Europe. Mr. Opzoomer is
a chartered accountant, has an MBA (IMD Lausanne), and has also completed the
London and Wharton business school programmes for public company directors. Mr.
Opzoomer is a dual UK/Canadian citizen.

Current CEO Irina Gofman, aged 36, joined Rambler Media in 2004 and led the
Company's IPO on the London Stock Exchange's AIM market. Ms. Gofman will be
stepping down from her day-to-day activities during a transitional period and
will remain on the Board of Rambler Media as director in a non-executive
capacity with immediate effect. Mr. Opzoomer will become an executive director
on the Board of Rambler Media with immediate effect.

Mr. Robert Brown, Chairman of Rambler Media, commented: "The Board and I are
delighted to announce the appointment of Mark as CEO. His international
operating experience in internet, media and technology in companies including
Yahoo! Europe will enable us to take Rambler to the next stage of its
development, and to capitalize on the accelerated growth in online advertising
and increasing internet penetration in Russia. Mark's recent experience as
non-executive director and Chairman of the audit committee of Rambler Media
positions him very well to lead the Company in an executive role.

"I would like to thank Irina for her dedication and hard work during her time as
CEO of Rambler Media and for successfully shaping Rambler's business into what
is one of Russia's fastest growing companies. Irina's extensive knowledge of the
Russian media market and excellent business and communication skills greatly
contributed to the growth of Rambler Media and to the creation of shareholder
value. The Company will continue to benefit from her advice through her presence
on Rambler Media's Board".

APPOINTMENT OF NEW CFO

Mr. Arthur Akopyan, aged 33, joins Rambler Media from Synterra Group, one of
Russia's largest Internet Service Providers (ISP) and a large Internet Protocol
(IP) transit provider, where he had been CFO and VP corporate finance since
August 2005. Mr. Akopyan was responsible for all aspects of financial
management, including the consolidation of several sizeable acquisitions,
business restructuring and the adoption of IFRS reporting standards. Prior to
his experience at Synterra Group, he was Finance Director of PeterStar ZAO, St
Petersburg's leading alternative telecom operator, from 2001 to 2005 supporting
the company's rapid growth during that time. Mr. Akopyan was also previously
Regional Finance Director at Metromedia International Telecommunications Inc
from 1997 to 2001. Mr. Akopyan is a qualified accountant and has been an
associate member of AICPA since 2001.

Current CFO and executive director James Mullins is resigning from his positions
to pursue other interests. Arthur Akopyan has been appointed as executive
director on the Board of Rambler Media with immediate effect.

Mr. Robert Brown commented: "We are pleased to welcome Arthur to Rambler Media.
Arthur has a strong track record managing the finances of large Russian telecom
and media businesses including Synterra Group and Peterstar Telecom. He has the
skills required to manage Rambler's finances efficiently and enhance our
position as the leading multi-service internet company for the worldwide
Russian-speaking community. Jim has been an important member of our executive
management team, and I wish him success in his future endeavours."

For further information, please visit www.ramblermedia.com or contact:

Rambler Media                           Shared Value Limited
Robert Brown                            Nicolas Duperrier
Tel. +7 495 920 6207                    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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