OREANDA-NEWS. February 15, 2010. Rambler Media Limited (“Rambler” or the “Company”), the operator of one of Russia’s most popular internet brands, announces that, in accordance with the notice and information contained in the shareholder circular (“Circular”) sent to all Rambler shareholders on 11 January 2010, a Court meeting of the minority shareholders (the “Scheme Shareholders”) was held today at which Scheme Shareholders voted in favour of the cash acquisition of the shares of the Scheme Shareholders in Rambler (the “Scheme shares”) by ProfMedia Limited by means of a scheme of arrangement (“the Scheme”) between Rambler and the Scheme Shareholders under Article 125 of the Companies (Jersey) Law 1991.

Under the terms of the Scheme, it is proposed that the Scheme Shares will be transferred to ProfMedia Limited and Scheme Shareholders on the register of members of Rambler at the Scheme Record Time will receive USD 6.00 in cash for each Scheme Share.

To become effective, the Scheme will require the sanction of the Royal Court of Jersey (“Court”) at a Court hearing on 18 February 2010. The Company will make a further announcement following the Court hearing on 18 February 2010.

This announcement is made by Rambler, its Independent Directors, and ProfMedia Limited.