Issue of Equity

FOR IMMEDIATE RELEASE 29 July 2009

RAM INVESTMENT GROUP PLC

("RAM" or the "Company")

ISSUE OF EQUITY

The Board of RAM announces today that, as a result of the conversion of a loan of £30,000 into new ordinary shares of 1p each ("Ordinary Shares") at a conversion price of 4p per Ordinary Share, the Company has today allotted and issued 750,000 new Ordinary Shares.

Application has been made for the 750,000 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM, which is expected to take place on 4 August 2010.

For further information please call:

Tim Baldwin RAM Investment Group Plc 0207 518 4303

Sandy Jamieson Libertas Capital Corporate Finance Limited 0207 569 9650