Change of Joint Broker

Raven Russia Limited ("Raven Russia" or "the Company")

Change of Joint Broker

Raven Russia is pleased to announce the appointment of Matrix Corporate Capital LLP to act as joint broker to the Company with immediate effect.

Enquiries

Raven Russia +44 (0)1481 12955

Anton Bilton/ Glyn Hirsch

Cardew Group +44 (0)20 7930 0777

Tim Robertson/Catherine Maitland

Singer Capital Markets Limited (NOMAD) +44 (0)20 3205 7500

Corporate Finance- James Maxwell

Sales - Alan Geeves / James Waterlow

Matrix Corporate Capital LLP +44 (0)20 3026 7000

Corporate Finance - Malcolm Le May / Roger Clarke

Sales- Carl Gough