23rd Oct 2008 16:51
UPDATE ON SALE OF BEGUN TO GOOGLE Rambler Media Ltd. ("Rambler" or "the Company"), operating one of Russia's mostpopular internet brands, notes that the Russian Federal Anti-Monopoly Service(FAS) has today issued a statement in which it refuses Google's application toacquire 100% of Rambler's contextual advertising company ZAO Begun ("Begun").Rambler continues to own 50.1% of Begun until further notice. The Company will provide a third quarter trading update in early November. *** \* TFor further information, please visit www.ramblermedia.com or contact: Rambler Media Shared Value LimitedAlexander Kovalev Nicolas DuperrierTel. +7 495 500 3619 Tel. +44 (0) 20 7321 5010 [email protected] ING 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 originalRussian internet homepage and search engine 'Rambler.ru', on-line newspaper'Lenta.ru', product comparison website 'Price.ru', internet catalogue andnavigation system 'Top 100', instant messaging service 'Rambler-ICQ', digitaladvertising agency 'Index20' and contextual advertising company 'Begun'. RamblerMedia's shares are traded on AIM, the junior market of the London Stock Exchangeunder the symbol 'RMG'. For more information on Rambler Media, visit ourcorporate website at www.ramblermedia.com. This release contains certain forward-looking statements with respect to thefinancial condition, results of operations and business of the Company. Theseforward-looking statements represent the Company's expectations or beliefsconcerning future events and involve known and unknown risks and uncertaintiesthat could cause actual results, performance or events to differ materially fromthose expressed or implied in such statements. Nothing in this disclaimer isintended to nor does it affect the Company's obligations and responsibilitiespursuant to the AIM Rules for Companies. Copyright Business Wire 2008Related Shares:
RMG.L