RMG.L Regulatory News (RMG)

15 Apr 2009 07:00

OLGA TURISCHEVA APPOINTED

AS CHIEF EXECUTIVE OFFICER

Further to its announcement dated 26 March 2009, Rambler Media Ltd. ("Rambler" or the "Company"), which operates one of Russia's most popular internet brands, is pleased to confirm the appointment of Mrs. Olga Turischeva as Rambler's new Chief Executive Officer ("CEO") from 16th April 2009. Mrs. Turischeva will also be appointed to Rambler's Board on the same day.

Olga Turischeva, aged 39, joins Rambler from the VimpelCom Group, one of Russia's largest telecommunications operators listed on the New York Stock Exchange, where she served as Marketing Director from 2001 to 2007 and contributed to the successful relaunch of the "Beeline" brand in 2005. In July 2007, VimpelCom appointed Olga as Director for Venture Business Development. Prior to VimpelCom, Olga was Marketing Director at CJSC "BSH Consumer Electronics", the Russian Division of Bosch und Siemens Hausgeraete. Previously, Olga held the positions of Brand Manager, Sales and Marketing Coordinator in Eastern Europe and Marketing Manager in the CIS and Baltic countries at Merloni Elettrodomestici S.p.A.'s representative office between 1995 and 1998. Olga is a renowned marketing professional in Russia and has won multiple marketing awards including from 'The Company' business magazine in 2002 and the 'Secret Firmy' business magazine in 2006.

Olga Turischeva graduated from the Lomonosov Moscow State University with degree in economics in 1994. She is also a graduate of Institute for USA and Canadian Studies of the Russian Academy of Sciences.

Mrs. Olga Turischeva has, or has during the last five years been, director or partner of the following companies or partnerships:

Olga Turischeva

Save as set out in this Announcement, there are no further disclosures to be made in accordance with paragraph (g) of Schedule Two to the AIM Rules.

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For further information, please visit www.ramblermedia.com or contact:

ABOUT RAMBLER MEDIA

Rambler Media is an internet media and services group which operates or has interests in leading Russian language internet brands including the Russian internet 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 are traded on AIM, the junior market of the London Stock Exchange under the symbol 'RMG'.

For more information on Rambler Media, visit our corporate website at www.ramblermedia.com.

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