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 today, 20 October 2010, that Colin Smith, Chief Operating Officer sold 35,406 Preference Shares at a price of 113p to the Lorier Retirement Annuity Trust of which he is a trustee and sole beneficiary. This transaction has no effect on his interest in Preference Shares which remains at 89,178 shares being 0.06% of the total Preference Shares in issue

Enquiries