Director/PDMR Shareholding

FOR IMMEDIATE RELEASE 22 July 2010

RAM INVESTMENT GROUP PLC

("RAM" or the "Company")

Directors Dealing

Pursuant to the placing announced on 19 July 2010, the Directors of the Company have acquired new Ordinary Shares in the Company on the following basis:

Tim Baldwin, Executive Chairman, participated in the placing and subscribed for 2,500,000 Ordinary Shares at the placing price of 4p. Following the placing, he will have an interest in 8,029,438 Ordinary Shares, representing 7.32% of the issued share capital of RAM.

Mark Edmonds, Communications Director, participated in the placing and subscribed for 1,000,000 Ordinary Shares at the placing price of 4p. Following the placing, he will have an interest in 1,063,363 Ordinary Shares, representing 0.97% of the issued share capital of RAM.

The family of Edward Adams, Non-executive Director, participated in the placing and subscribed for 250,000 Ordinary Shares at the placing price of 4p. Following the placing, Mr Adams will have an interest in 1,387,967 Ordinary Shares, representing 1.27% of the issued share capital of RAM.

For further information please call:

Tim Baldwin RAM Investment Group plc 0207 518 4303

Sandy Jamieson Libertas Capital Corporate Finance Limited 0207 569 9650

Peter Greensmith Rivington Street Corporate Finance Limited 0207 565 3350