Rambler Media Limited



                            SHAREHOLDER NOTIFICATION

Rambler Media Ltd. ("Rambler" or "the Group"), the media group operating one of
Russia's most popular internet portals and providing general interest news and
services to the Russian-speaking online community, announces that T. Rowe Price
Associates, Inc. informed the Group on 8 January 2008, that the T. Rowe Price
Emerging Europe & Mediterranean Fund, decreased its total holding in Rambler, on
3 January 2008, from 778,397 ordinary shares, equaling 5.12% of the issued
shares and capital, to 724,897 ordinary shares, equaling 4.71% of the issued
shares and votes that presently stand at 15,397,649.

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.


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