Directors Dealings

22 June 2012

Raven Russia Limited

("Raven Russia" or the "Company")

Directors Dealings

Pursuant to the Disclosure and Transparency Rule 3.1.2 the following information falls to be disclosed:

The Company was notified today, 22 June 2012, that a charity of which Anton Bilton, Executive deputy chairman is trustee, sold 163,230 ordinary shares in the capital of the Company for 57.9p per share. Following this transaction Anton Bilton is interested in 17,716,343 ordinary shares being 2.96% of the issued share capital.

Enquiries

Raven Russia Limited Tel: + 44 (0) 1481 712955

Anton Bilton

Glyn Hirsch

Cardew Group Tel: + 44 (0) 207 930 0777

Tim Robertson

Alexandra Stoneham

Singer Capital Markets Limited Tel: +44 (0) 203 205 7500

Corporate Finance- James Maxwell

Sales - Alan Geeves / James Waterlow

About Raven Russia

Raven Russia was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares, Preference Shares and Warrants are listed on the Main Market of the London Stock Exchange with a market capitalisation of approximately £350 million. The company operates out of offices in Guernsey, Moscow and Cyprus and has to date completed a portfolio of circa 1 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk. For further information visit the Company's website: www.ravenrussia.com