OREANDA-NEWS. December 01, 2009. Rambler Media Limited (RMG.LN) (“Rambler” or the “Company”), the operator of one of Russia’s most popular internet brands, announces that an Extraordinary General Meeting (“EGM”) will be held at First Island House, Peter Street, St Helier, Jersey JE4 8SG, on Monday 21 December 2009 at 10.00 a.m. to seek approval from Shareholders of the Company for the cancellation of admission of the Company's Ordinary Shares of US\\$0.01 each to trading on AIM (the “De-Listing”) following a request received from PM Invest.

Rambler is today posting a circular and notice of EGM along with the form of proxy to Shareholders. Shareholders will be asked to approve a Resolution in respect of the cancellation of the Company’s Ordinary Shares to trading on AIM either in person or by proxy at the EGM. Under the AIM Rules, the De-Listing can only become effective after the Resolution has been passed by not less than 75 per cent. of the votes cast by Shareholders.

This announcement provides details on the background to and reasons for the proposed De-Listing.

Unless the context otherwise requires, the defined terms used in this announcement shall have the meanings given to them in the circular being posted to Shareholders of the Company to convene the EGM dated 30 November 2009 which, once posted, will also be made available on the Company’s website at www.ramblermedia.com.