RAM.L Regulatory News (RAM)

FOR IMMEDIATE RELEASE 26 February 2010

RAM INVESTMENT GROUP PLC

("RAM" or the "Company")

Issue of Equity

On 10 November 2009, RAM announced the acquisition of certain assets of ASG Media Group ("ASG") by TrainFX Limited ("TrainFX"), a company in which RAM holds a 49.9% stake.

Since the acquisition, the assets acquired from ASG have been operated by a subsidiary of the Company called RAM Vision Limited ("RAM Vision"). RAM Vision operates in the Digital out of Home media sector, and provides screen based advertising systems to shopping mall operators.

The Company borrowed £175,000 for this new initiative from three individuals, Mark Pearson, Donal Boylan and John McKeon (the "Funders"). The financing provided by the Funders was interest free but granted the Funders a 50% interest in RAM Vision. The Company has now agreed with the Funders that it will issue new ordinary shares of 1p each in RAM ("Ordinary Shares") to repay the debt funding ("Loan Repayment") and to acquire their 50% interest in RAM Vision.

On 25 February 2010 the Company repaid the £175,000 owed to the Funders through the issue of 2,058,824 Ordinary Shares to the Funders at a price of 8.5p per share. On the same day, RAM entered into a share purchase agreement with the Funders to acquire the Funders' 50% interest in RAM Vision ("Agreement"). The total consideration payable by the Company under the Agreement comprises the issue of a further 2,141,176 new Ordinary Shares on completion, plus a deferred consideration of up to 2.8 million new Ordinary Shares ("Deferred Consideration"). The number of new Ordinary Shares issued as Deferred Consideration will depend on the trading performance of RAM Vision in the current year to 31 December 2010.

Tim Baldwin, Executive Chairman, commented "We are delighted to have fully funded the acquisition of RAM Vision through the issue of equity and at the same time to have brought in supportive shareholders. Although RAM Vision is only three months old, we are very pleased with the progress made by the company in such a short period."

As a result of the Loan Repayment and completion of the Agreement, Mark Pearson now holds 2.8 million Ordinary Shares in RAM, representing 3.5% of the issued share capital of RAM.

Application will be made for the 4.2 million new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to AIM. The new Ordinary Shares are expected to begin trading on 4 March 2010.

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