RMG Royal Mail Plc

    


Rambler Media Limited



              RAMBLER MEDIA COMPLETES ACQUISITION OF STAKE IN BEGUN

Further to its announcement dated 31 July 2007, Rambler Media Ltd. ("Rambler" or
"the Group"), a leading provider of internet and media services to the global
Russian-speaking community, today announces that its wholly owned subsidiary,
Vieli Enterprises Ltd., has now completed its acquisition of a 25% stake in
contextual advertising company ZAO Begun ("Begun") following the satisfaction of
all conditions precedent stipulated in the sale and purchase agreement. The
acquisition, for a cash consideration of US$18 million, brings the Group's total
ownership in Begun to 50.1%. Begun becomes a consolidated subsidiary of Rambler
with immediate effect.

Begun is one of Russia's leading search and contextual text based advertising
platforms with a network of 35,000 individual advertisers and over 50,000
partner distribution sites. Rambler.ru is Begun's main traffic generator
accounting for approximately 20% of Begun's traffic.

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 and services group which
operates or has interests in leading internet properties including the oldest
Russian 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', interactive advertising Group 'Index20' and 'contextual advertising
company 'Begun'. 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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