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SHAREHOLDER NOTIFICATION

6 Jun 2008 15:43

SHAREHOLDER NOTIFICATION Rambler Media Limited ("Rambler Media" or "the Company"), operating one ofRussia's most popular internet brands, has today been notified by fax dated 4June 2008 that Lehman Brothers International (Europe) have decreased theirshareholding in Rambler Media from 869,044 Ordinary Shares or 5.6% of theCompany's issued ordinary share capital to below 3% of the Company's issuedordinary share capital. The change in shareholding was effected on 2 June 2008. *** 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\* T rambler@sharedvalue.net ING Wholesale Banking Daniel Friedman / Francis Moore Tel. +44 (0) 20 7767 1000 *** 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. Copyright Business Wire 2008
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