Change of Nominated Adviser

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

Change of Nominated Adviser

Raven Russia is pleased to announce the appointment of Singer Capital Markets Limited to act as its Nominated Adviser for AIM with immediate effect.

Singer Capital Markets Limited continues to act as the Company's joint broker.

Enquiries

Raven Russia +44 (0)1481 712955

Anton Bilton / Glyn Hirsch

Cardew Group +44 (0)20 7930 0777

Tim Robertson /Catherine Maitland

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

Corporate Finance- James Maxwell

Sales - Alan Geeves / James Waterlow