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Statement re RAMBLER MEDIA TO APPOINT NIKITA SERGUIENKO AS CHIEF FINANCIAL OFFICER

22nd Sep 2008 07:00

Rambler Media Ltd. ("Rambler"), operating one of Russia's most popular internetbrands, is pleased to announce the appointment of Mr. Nikita Serguienko as theGroup's new Chief Financial Officer ("CFO") with effect from 31 October 2008.Mr. Serguienko will succeed Mr. Arthur Akopyan, Rambler's current CFO and anExecutive Director on the Board, who will leave the Company to pursue otherinterests with effect from 31 October 2008. Nikita Serguienko will commenceemployment on 1 October 2008 and will have a one month transition with ArthurAkopyan. He will be appointed to the Board with effect from 31 October 2008. Nikita Serguienko, aged 38, joins Rambler Media from Tele2 Russia, part of theEuropean telecommunications holding Tele2 and one of Russia's largest mobileoperators. Nikita first joined Tele2 Russia in 2001 as Regional FinanceDirector. In 2004, he became Finance Director of the Ural-Volga region beforebeing appointed CFO of Tele2 Russia the following year. Since 2005 Nikita hasbeen a member of the Management Board for Tele2 Russia. In 2007, Nikita wasappointed Executive Vice President of Tele2 Russia. Most recently, Mr.Serguienko was responsible for all aspects of business development, includingreorganisation, mergers and acquisitions and new business line start ups. Priorto his career at Tele2 Russia, Nikita Serguienko was Chief Accountant for theGlobal Gas Group, Taxes and Legal Adviser for the SEB Group (Tefal, Rowenta) andFinance Director and member of the Board at KLP Soft Drinks (Irn Bru) between1997 and 2001. Before that, he was Deputy Controller for the ELF Aquitaine Groupand Accounting Officer in Industrial-Construction Bank of USSR andMosbusinessbank. Mr. Serguienko holds a Bachelor degree in International Economics from MoscowState University, a diploma in audit, accounting and financial analysis from theRussian Academy of Economics and an Executive MBA from Duke University, FuquaSchool of Business. He also holds CPA, CMA/CFA certificates and is a CertifiedProfessional Accountant and Certified Auditor. Mark Opzoomer, Rambler Media's Chief Executive Officer commented: "We aredelighted to welcome Nikita Serguienko to Rambler Media. His professionalqualifications, understanding of the regional Russian markets, M&A experienceand his operating financial skills will continue to enhance the development ofRambler's financial management and reporting processes. On behalf of the Board,I wish to thank Arthur for his significant contribution to the recentimprovement in Rambler's finances and in restructuring our operations. We wishhim every success in his new career." Mr. Nikita Serguienko has, or has during the last five years been, director orpartner of the following companies or partnerships: Nikita Serguienko \* T CURRENT PAST-------------------------------------------------------------------------------- ZAO Sotovaya Svyaz Udmurtii (TELE2 Izhevsk) OAO TELE2 Sankt-Peterburg OAO TELE2 Lenoblast\* T Save as set out in this Announcement, there are no further disclosures to bemade in accordance with paragraph (g) of Schedule Two to the AIM Rules. 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] Wholesale BankingDaniel Friedman / Francis MooreTel. +44 (0) 20 7767 1000\* T ABOUT RAMBLER MEDIA Rambler Media is an internet media and services group which operates or hasinterests in leading Russian language internet brands including the Russianinternet homepage and search engine 'Rambler.ru', on-line newspaper 'Lenta.ru',product comparison website 'Price.ru', internet catalogue and navigation system'Top 100', instant messaging service 'Rambler-ICQ', digital advertising agency'Index20' and contextual advertising company 'Begun'. Rambler Media's shares aretraded on AIM, the junior market of the London Stock Exchange under the symbol'RMG'. For more information on Rambler Media, visit our corporate website atwww.ramblermedia.com. Copyright Business Wire 2008

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