Director/PDMR Shareholding

RAVEN RUSSIA LIMITED

("Raven Russia" or the "Company")

Director Dealings

Pursuant to Disclosure and Transparency Rule 3.1.2 and AIM Rule 17 (Disclosure of Miscellaneous Information) the following information falls to be disclosed;

The Company was notified on the 14 September that Anton Bilton, Executive Deputy Chairman purchased 1,000,000 preference shares of 1p each in the capital of the Company ('Preference Shares') at a price of 105.2p and sold 2,000,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at a price of 52.6p on the 13 September 2010.

After this transaction, Anton Bilton has an interest in 26,922,051 Preference Shares and 17,107,277 Ordinary Shares representing 18.74% and 3.18% of the total Preference Shares and Ordinary Shares respectively

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