Delivery of 2010 Annual Report and Accounts

13 April 2011

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

Delivery of 2010 Annual Report and Accounts

The following documents have been posted to the registered shareholders of the Company today, 13 April 2011:

2010 Annual Report and Accounts;

Notice of the 2011 Annual General Meeting ("AGM"); and

Form of Proxy for the 2011 AGM.

In accordance with Listing Rule 9.6.1 a copy of each of these documents have been submitted to the National Storage Mechanism and will be available for viewing shortly.

The AGM of the Company will be held at 1pm on the 16 May 2011 at 1 Le Truchot, St Peter Port, Guernsey, GY1 6EH. The AGM includes a resolution for shareholders to approve payment of a final dividend which, if approved, will be paid in accordance with the following dividend timetable:

XD date: 25 May 2011

Record date: 27 May 2011

Payment date: 24 June 2011

The 2010 Annual Report and Accounts and Notice of 2011 Annual General Meeting are also available at the Company's website, www.ravenrussia.com.

Enquiries

Raven Russia Limited Tel: + 44 (0) 1481 712955

Anton Bilton

Glyn Hirsch

Cardew Group Tel: + 44 (0) 207 930 0777

Tim Robertson

Alexandra Stoneham

Singer Capital Markets Limited (NOMAD) Tel: +44 (0) 203 205 7500

Corporate Finance- James Maxwell

Sales - Alan Geeves / James Waterlow

Matrix Corporate Capital LLP Tel: +44 (0) 203 206 7000

Corporate Finance - Malcolm Le May / Roger Clarke

Sales- Carl Gough