RMG.L Regulatory News (RMG)

31 Oct 2006 15:06

SHAREHOLDER NOTIFICATION Rambler Media Limited ("Rambler Media" or "the Company"), the leading providerof internet and multimedia services to the global Russian-speaking community,has today been notified by PM Invest Company Limited ("PM"), part of Russianmedia group Prof-Media, that it has acquired approximately 48.8% of theCompany's issued and outstanding ordinary share capital. In addition, theCompany has also been informed that Endicott Holdings Limited ("Endicott") hasacquired approximately 6.0% of Rambler Media's issued ordinary share capital. PMhas indicated that it has agreed to acquire this stake from Endicott, subject tothe approval of the Russian Federal Antimonopoly Service. The Company has also been notified that funds managed by FM Asset ManagementLimited have sold a total of 8,137,092 Rambler Media ordinary shares, which isequivalent to 53.9% of the Company's issued and outstanding ordinary sharecapital. The prices paid for the shares in these transactions have not been disclosed tothe Company by the vendors or purchasers. For further information, please visit www.ramblermedia.com or contact: Rambler Media Shared Value Limited Irina Gofman Nicolas Duperrier Tel. +7 495 500 3826 Tel. +44 (0) 20 7321 5010 rambler@sharedvalue.net ING Wholesale Banking Daniel Friedman Tel. +44 (0) 20 7767 1000 ABOUT RAMBLER MEDIA Rambler Media is an integrated and diversified Russian language media,entertainment, services and content delivery company which operates variousinternet properties including the leading Russian language internet portal andsearch engine 'rambler.ru', on-line newspaper 'Lenta.ru', broadband ISP 'RamblerTelecom', interactive advertising company 'Index20', and mobile content serviceprovider 'Rambler Mobile'. Rambler Media's shares are traded on the AIM marketof the London Stock Exchange under the symbol 'RMG'. For more information onRambler Media, visit our corporate website at www.ramblermedia.com. Copyright Business Wire 2006