OREANDA-NEWS  On 25 September Rambler Media Ltd. (“Rambler”), operating one of Russia’s most popular internet brands, announced the appointment of Mr. Nikita Serguienko as the Group’s new Chief Financial Officer (“CFO”) with effect from 31 October 2008. Mr. Serguienko will succeed Mr. Arthur Akopyan, Rambler’s current CFO and an Executive Director on the Board, who will leave the Company to pursue other interests with effect from 31 October 2008. Nikita Serguienko will commence employment on 1 October 2008 and will have a one month transition with Arthur Akopyan. He will be appointed to the Board with effect from 31 October 2008. Nikita Serguienko, aged 38, joins Rambler Media from Tele2 Russia, part of the European telecommunications holding Tele2 and one of Russia’s largest mobile operators. Nikita first joined Tele2 Russia in 2001 as Regional Finance Director.

In 2004, he became Finance Director of the Ural-Volga region before being appointed CFO of Tele2 Russia the following year. Since 2005 Nikita has been a member of the Management Board for Tele2 Russia. In 2007, Nikita was appointed Executive Vice President of Tele2 Russia. Most recently, Mr. Serguienko was responsible for all aspects of business development, including reorganisation, mergers and acquisitions and new business line start ups. Prior to his career at Tele2 Russia, Nikita Serguienko was Chief Accountant for the Global Gas Group, Taxes and Legal Adviser for the SEB Group (Tefal, Rowenta) and Finance Director and member of the Board at KLP Soft Drinks (Irn Bru) between 1997 and 2001. Before that, he was Deputy Controller for the ELF Aquitaine Group and Accounting Officer in Industrial-Construction Bank of USSR and Mosbusinessbank. Mr. Serguienko holds a Bachelor degree in International Economics from Moscow State University, a diploma in audit, accounting and financial analysis from the Russian Academy of Economics and an Executive MBA from Duke University, Fuqua School of Business. He also holds CPA, CMA/CFA certificates and is a Certified Professional Accountant and Certified Auditor.