Holding(s) in Company



RAVEN RUSSIA LIMITED (the "Company")

Notification of significant holdings

In accordance with the Transparency Obligations Directive (Disclosure and Transparency Rules) Instrument 2006, the following information falls to be disclosed:

The Company was notified on 17 February 2010 that Credit Suisse Client Nominees UK Ltd and Vidacos Nominees Limited, being funds under the discretionary management of Laxey Partners ltd, hold 24,551,088 Ordinary Shares in the Company representing 4.77% of the Company's current issued capital (with voting rights).

Enquiries

Pelham Bell Pottinger

Charles Cook / Dan de Belder Tel: +44 (0)20 7861 3232

Numis Securities Limited

Nick Westlake (NOMAD) / Rupert Krefting Tel: +44 (0)20 7260 1000