RMG Royal Mail Plc

    


Rambler Media Limited



              RAMBLER MEDIA ANNOUNCES CHANGES IN BOARD OF DIRECTORS

Rambler Media Limited (RMG.LN), ("the Group"), a leading provider of internet
media and services to the global Russian-speaking community, announced today
that, Ms. Irina Gofman has resigned from the Group's Board of Directors and Mr.
Nick Hynes has been appointed as a Non-Executive Director of Rambler Media with
immediate effect.

Ms. Irina Gofman, aged 36, joined as CEO and Executive Director of Rambler Media
in 2004 and led the Group's IPO on the London Stock Exchange's AIM market. Ms.
Gofman stepped down from her executive position on 15 March 2007, at which point
Mark Opzoomer was appointed CEO and Executive Director of the Group.

Mr. Nick Hynes, a marketing services pioneer, aged 46, has been CEO of
Interactive Marketing Works Ltd (The IMW Group) since 2004. The IMW Group
includes The Search Works, the European leader in search marketing services for
online advertisers, and The Technology Works, a media solutions business
offering technology products to meet customers' on & offline marketing needs.
Mr. Hynes is Chairman of both The Search Works and The Technology Works. Prior
to joining the IMW Group, from 2000 to 2004, Mr. Hynes was a founding member and
Managing Director and President of Overture Europe (formerly GoTo), the
sponsored search and contextual advertising platform, which he grew from a
start-up business to a thriving, well-respected internet business generating
over US$500 million sales in 2004 with the greatest reach in Europe covering 14
countries. Over the years, Nick Hynes has contributed to launch some major
products and services that have changed the behaviour of millions of consumers.
These include the launch of electronic points systems for Air Miles and
Sainsbury's Reward card plus loyalty schemes for the Natwest credit card and the
Shell smartcard.

Robert M. Brown III, Chairman of Rambler Media, commented: "We are delighted to
welcome Nick Hynes to the Board. Nick earned a reputation as one of Europe's
most highly regarded experts in marketing and online search technology. His
experience will prove invaluable as Rambler Media strives to achieve its mission
to provide advertisers with the most relevant and user friendly platforms to
reach the largest Russian consumer audience on the web and to continue to
improve the search experience for its millions of Russian language users.

"I would also like to thank Irina Gofman for her dedication during the last
three years, during which she shaped the business into what is one of Russia's
fastest growing companies".

Mr. Nick Hynes has, or has during the last five years been, director or partner
of the following companies or partnerships:

Nicholas Anthony Hynes

                   CURRENT                              PAST
---------------------------------------------  -----------------------
Interactive Marketing Works Ltd                Overture Services Ltd.
The Search Works International Ltd
BidBuddy Ltd
The Search Lab Ltd
The Diallog Works Ltd
Web Site Promotion Services Ltd
The Search Works Ltd
HHC Associates Ltd
The Technology Works (London) Ltd

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
Mark Opzoomer                           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 a diversified Russian language media, entertainment, services
and content delivery Group which operates various internet properties including
the leading Russian language internet portal and search engine 'rambler.ru',
on-line newspaper 'Lenta.ru', price comparison website 'Price.ru', internet
tracking system 'Rambler Top 100', instant messaging service 'Rambler-ICQ',
high-tech portal 'Ferra.ru', and interactive advertising Group 'Index20'.
Rambler Media's shares are traded on AIM, the junior 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,
and 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 or circumstances occurring after
the date of this announcement except as required by applicable law or by any
applicable regulatory authority.

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