RMG Royal Mail Plc

        
     UPDATE ON SALE OF BEGUN TO GOOGLE 
    Rambler Media Ltd. ("Rambler"or"the Company"), operating one of Russia's most popular internet brands, notes that the Russian Federal
Anti-Monopoly Service (FAS) has today issued a statement in which it refuses Google's application to acquire 100% of Rambler's contextual
advertising company ZAO Begun ("Begun"). Rambler continues to own 50.1% of Begun until further notice.
    The Company will provide a third quarter trading update in early November.
    ***
 For further information, please visitwww.ramblermedia.comor contact:   
                                                                                                   
 Rambler Media                                                            Shared Value Limited
 Alexander Kovalev                                                        Nicolas Duperrier
 Tel. +7 495 500 3619                                                     Tel. +44 (0) 20 7321 5010
                                                                          rambler@sharedvalue.net
                                                                                                   
 ING Wholesale Banking
 Daniel Friedman / Francis Moore
 Tel. +44 (0) 20 7767 1000
    ***
     ABOUT RAMBLER MEDIA 
     Rambler Media is an internet media and services group which operates or has interests in leading Russian language internet brands
including the original Russian internet homepage and search engine  'Rambler.ru', on-line newspaper 'Lenta.ru', product comparison website
'Price.ru', internet catalogue and navigation system 'Top 100', instant messaging service 'Rambler-ICQ', digital advertising agency
'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. 
    This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of
the Company. These forward-looking statements represent the Company's expectations or beliefs concerning future events and involve known and
unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied
in such statements. Nothing in this disclaimer is intended to nor does it affect the Company's obligations and responsibilities pursuant to
the AIM Rules for Companies.

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