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Statement Re Rambler Media: Announcement by Prof-Media Following Rumours in Russian Press

15th Oct 2007 12:33

ANNOUNCEMENT BY PROF-MEDIA FOLLOWING RUMOURS IN RUSSIAN PRESS Rambler Media Ltd. ("Rambler" or "the Group"), a leading provider of internetand media services to the global Russian-speaking community, notes the followingannouncement made today by Prof-Media following rumours in the Russian press. "Prof-Media denies rumours of delisting Rambler Media" "In December 2006 and January 2007, Prof-Media, a leading Russian diversifiedmedia company, acquired in a series of transactions approximately 55% of RamblerMedia's issued and ordinary share capital. Currently, Prof-Media does notenvisage any further significant purchases of shares in the Company. RamblerMedia's shares are listed on the AIM market of the London Stock Exchange andProf-Media is interested in their healthy trading market and furtherappreciation". For further information, please visit www.ramblermedia.com or contact: \* TRambler Media Shared Value LimitedMark Opzoomer Nicolas DuperrierTel. +7 495 500 3826 Tel. +44 (0) 20 7321 5010 [email protected] ING Wholesale BankingDaniel Friedman / William MarleTel. +44 (0) 20 7767 1000\* T ABOUT RAMBLER MEDIA Rambler Media is a diversified Russian language media and services group whichoperates or has interests in leading internet properties including the oldestRussian internet portal and search engine 'Rambler.ru', on-line newspaper'Lenta.ru', price comparison website 'Price.ru', internet tracking system'Rambler Top 100', instant messaging service 'Rambler-ICQ', high-tech portal'Ferra.ru', interactive advertising Group 'Index20' and contextual advertisingcompany 'Begun'. Rambler Media's shares are traded on AIM, the junior market ofthe London Stock Exchange under the symbol 'RMG'. For more information onRambler Media, visit our corporate website at www.ramblermedia.com. Copyright Business Wire 2007

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