REG-Moore Capital Rule 8.3 - Raven Russia Ltd - Amendment

LONDON--(Business Wire)--

AMENDMENT No.1

*NOTE: No new transactions, amendment to move details on Dealings from 3(b) to
3(a)

FORM 8.3

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

(Rule 8.3 of the Takeover Code)

1.KEY INFORMATION

Name of person dealing (Note 1) Moore Macro Fund, LP c/o Moore Europe Capital Management, LLP
Company dealt in Raven Russia Ltd
Class of relevant security to which the dealings being disclosed relate (Note 2) ORD
Date of dealing 26 March 2009* (See Note above)

2.INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

Long Short
Number (%) Number (%)
(1) Relevant securities 14,455,495 2.82%
(2) Derivatives (other than options) 9,646,010 1.88%
(3) Options and agreements to purchase/sell
Total 24,101,505 4.70%

(b)Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)

Class of relevant security: Long Short
Number (%) Number (%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total

(c)Rights to subscribe (Note 3)

Class of relevant security: Details

3.DEALINGS (Note 4)

(a)Purchases and sales

Purchase/sale Number of securities Price per unit (Note 5)
Purchase 376,970 0.1734 GBP

(b)Derivatives transactions (other than options)

Product name, Long/short (Note 6) Number of securities (Note 7) Price per unit (Note 5)
e.g. CFD

(c)Options transactions in respect of existing securities

(i)Writing, selling, purchasing or varying

Product name, Writing, selling, purchasing, varying etc. Number of securities to which the option relates (Note 7) Exercise Type, e.g. American, European etc. Expiry Option money
e.g. call option price date paid/received per unit (Note 5)

(ii)Exercising

Product name, e.g. call option Number of securities Exercise price per unit (Note 5)

(d)Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5)

4.OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.
None

Is a Supplemental Form 8 attached? (Note 9) NO

Date of disclosure 30/03/2009* (See Note above)
Contact name Tara O`Hagan
Telephone number 20 7470 7478
If a connected EFM, name of offeree/offeror with which connected
If a connected EFM, state nature of connection (Note 10)

Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel`s website at
www.thetakeoverpanel.org.uk

Moore Capital

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