RAM Ram Active

RNS Number:4649L
RAM Investment Group PLC
02 November 2006









FOR IMMEDIATE RELEASE                                            2 November 2006



               RAM INVESTMENT GROUP PLC ("RAM" or the "Company")



   Federation Internationale des Associations de Footballeurs Professionnels
                                   ('FIFPro')


The Company's wholly owned subsidiary, RAM Media Limited ('RAM Media'), entered
into a 50/50 joint venture on 4 October 2004 with FIFPro (Federation
Internationale des Associations de Footballeurs Professionnels) to host the
FIFPro World XI Player Awards, the world's first international football awards
event, where the nominees are voted for by professional football players from
around the globe. The inaugural event was held in London in 2005.


On 7 February 2006 RAM announced that RAM Media had signed an agreement with the
Greek Government to hold the FIFPro event in Athens in November 2006 and that
the Company expected to derive significant revenues for the 2006 event, expected
to be in the order of Euro4m.


Unfortunately RAM today announces that the event in Athens will no longer be
taking place. RAM hopes that the Awards will still be presented to the
respective winners locally and the fact that there is no Awards Event this year
will in no way diminish the prestige associated with these Awards.


RAM is now working with its legal advisers, Harbottle & Lewis, to ascertain its
rights and remedies under its contract with the Greek Government.


Further announcements will follow.


Enquiries:

RAM Investment Group PLC

Edward Adams, Director Tel: 020 8349 2001



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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