OREANDA-NEWS. November 20, 2009. Further to the announcement made by ProfMedia group acting through its holding company PM Invest Company Limited (“ProfMedia”), ProfMedia hereby announces the results of the reverse accelerated bookbuild (“reverse ABB”) to purchase shares in Rambler Media Limited (RMG.LN, “Rambler”), the holding company of the Russian based internet media and services group.

Under the reverse ABB, ProfMedia acquired 3,149,754 shares in Rambler at a price of USD 6.00 per share for a total value of USD 18,898,524, increasing its holdings in Rambler to 75.00%, and ING Bank N.V., London Branch (“ING”) acquired 2,006,522 shares in Rambler at a price of USD 6.00 per share or 13.03% of the share capital of Rambler for a total value of USD 12,039,132.

ING has entered into a total return swap transaction (“TRS”) with ProfMedia. Although under the TRS ProfMedia has no right to the underlying shares, any additional purchases by ProfMedia may include those shares in Rambler currently held by ING, subject to the receipt of the relevant regulatory approvals.

ING was acting as broker and adviser to ProfMedia for the purchase of Rambler’s shares.