OREANDA-NEWS. January 12, 2010. Rambler announces that it has on 11 January 2010 sent a circular (the "Circular") to its shareholders giving them notice of the terms of a scheme of arrangement (the "Scheme") proposed pursuant to Article 125 of the Companies (Jersey) Law 1991 under which PM Invest Company Limited seeks to acquire the remaining shares in Rambler not already held by it.

This announcement is qualified in its entirety by the contents of the Circular. A detailed description of the full terms of the Scheme is included within the Circular.