RAM Media Limited

18 May 2007 17:45

RAM Investment Group PLC18 May 2007 FOR IMMEDIATE RELEASE 18 May 2007 RAM INVESTMENT GROUP PLC RAM MEDIA LIMITED RAM Investment Group plc today announces that its wholly owned subsidiary RAMMedia Limited has been placed into Administration. Malcolm Cohen and Antony David Nygate (both of BDO Stoy Hayward LLP, 8 BakerStreet, London W1U 3LL) were appointed Joint Administrators on 4 May 2007. The litigation against the Greek Ministry of Culture is ongoing and placing RAMMedia Limited into Administration will protect it from creditors relating to thecancelled FIFPro Awards Event and enable it to focus completely on winning thelitigation. Contact: Ram Investment Group plc Laurence Selman, Director Tel: 020 8349 2001 Beaumont Cornish Limited Roland Cornish Tel: 020 7628 3396 This information is provided by RNS The company news service from the London Stock Exchange