RAMBLER MEDIA COMPLETES ACQUISITION OF PRICE EXPRESS

Further to its announcement of 20 June 2008, Rambler Media Ltd. ("Rambler" or
the "Company"), operator of one of Russia's most popular internet brands,
announces that it has completed its acquisition of the remaining 49% of Price
Express LLC ("Price Express"), a leading Russian product comparison internet
service. The acquisition received all required regulatory approvals and, as a
result, the Company now wholly owns Price Express.

Price Express operates Price.ru, which provides price and product comparison
tools designed to help online shoppers make the most cost-effective buying
decisions. Price Express was one of the first online comparison companies to be
launched in Russia when it was set up in 1997. Price.ru is currently the second
largest price comparison site in Russia and generated revenues of approximately
US$3.2 million in 2007. Price.ru will continue to be operated as an independent
brand, but will be increasingly integrated into Rambler's services.

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For further information, please visit www.ramblermedia.com or contact:

Rambler Media                                         Shared Value Limited
Mark Opzoomer                                         Nicolas Duperrier
Tel. +7 495 500 3826                                  Tel. +44 (0) 20 7321 5010
                                                      rambler@sharedvalue.net

ING Wholesale Banking
Daniel Friedman / Francis Moore
Tel. +44 (0) 20 7767 1000

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ABOUT RAMBLER MEDIA

Rambler Media is an internet media and services group which operates or has
interests in leading Russian language internet brands including the Russian
internet homepage and search engine 'Rambler.ru', on-line newspaper 'Lenta.ru',
product comparison website 'Price.ru', internet catalogue and navigation system
'Top 100', instant messaging service 'Rambler-ICQ', digital advertising agency
'Index20' and contextual advertising company 'Begun'. Rambler Media's shares are
traded on AIM, the junior market of the London Stock Exchange under the symbol
'RMG'. For more information on Rambler Media, visit our corporate website at
www.ramblermedia.com.

Copyright Business Wire 2008