First Great Western Installations

FOR IMMEDIATE RELEASE 16 February 2011

Ram Investment Group plc

("RAM" or the "Company")

Trading update: First Great Western Installations

Further to the announcement of 26 October 2010, the Board of RAM announces that due to a variety of reasons, it has been agreed that the delivery period of the systems to First Great Western has been extended into 2011. The Company had originally hoped to install all 57 trains before the end of 2010. This will also have an effect on the revenue recognition between 2010 and 2011 for this contract.

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