Statement re Shareholder Notification

18 Oct 2006 14:40

SHAREHOLDER NOTIFICATION Rambler Media Limited ("Rambler Media" or "the Company"), the leading providerof internet and multimedia services to the global Russian-speaking community,has been notified by letter dated 17 October 2006 and received on 18 October2006 that The Capital Group Companies, Inc. and its subsidiary Capital Researchand Management Company have increased their shareholding in Rambler Media from493,000 Ordinary Shares or 3.292% of the Company's issued ordinary share capitalto 611,505 ordinary shares or 4.072% of the Company's issued ordinary sharecapital. The change in shareholding was effected on 16 October 2006. The holdingis registered in the name of State Street Nominees Limited. For further information, please visit www.ramblermedia.com or contact: \* TRambler Media Shared Value LimitedIrina Gofman Nicolas DuperrierTel. +7 495 500 3826 Tel. +44 (0) 20 7321 5010 rambler@sharedvalue.net ING Wholesale BankingDaniel FriedmanTel. +44 (0) 20 7767 1000\* T ABOUT RAMBLER MEDIA Rambler Media is an integrated and diversified Russian language media,entertainment, services and content delivery company which operates variousinternet properties including the leading Russian language internet portal andsearch engine 'rambler.ru', on-line newspaper 'Lenta.ru', broadband ISP 'RamblerTelecom', interactive advertising company 'Index20', and mobile content serviceprovider 'Rambler Mobile'. Rambler Media's shares are traded on the AIM marketof the London Stock Exchange under the symbol 'RMG'. For more information onRambler Media, visit our corporate website at www.ramblermedia.com. Copyright Business Wire 2006