Unistream Investment Update

Aurora Russia Limited
27 July 2007


27 July 2007

Aurora Russia Limited completes second stage of investment in Unistream Bank

Aurora Russia Limited ('Aurora Russia' or the 'Company'), the AIM-quoted
investment vehicle established to make equity or equity-related investments in
small and mid-sized private companies in Russia, announces today that it has
completed the second stage of its investment in Unistream Bank ('Unistream').
This brings the Company's total shareholding in Unistream to 26%.

Aurora Russia initially invested $13.6 million (£6.9 million) for a 17.7% stake,
which was announced in April 2007. Having just received approval from the
Central Bank of Russia to take a stake of over 20% in Unistream, Aurora Russia
has purchased an additional 8.3% stake for $6.4 million (£3.1 million).
Management accounts show that $1.85 billion was transferred through Unistream in
2006 making it one of the leading money transfer companies in Russia. Management
have also stated that by June 2007 its monthly volumes had reached $300 million,
representing approximately a 90% increase over the same period in 2006.

James Cook and John McRoberts, two Directors of Aurora Russia Limited,commented:

'We have been delighted with the investment in Unistream to date and are pleased
to have secured this increased holding. The Russian money transfer market
continues to show extremely high rates of growth and is one of the fastest
growing money transfer regions in the world. '


Enquiries

Aurora Russia Limited
James Cook, Moscow         [phone]
John McRoberts, London     [phone]

Investec Investment Banking
Rupert Krefting            [phone]
Paul Gray                  [phone]

Financial Dynamics
Ed Gascoigne-Pees          [phone]
Felicity Murdoch           [phone]


Notes to editors:

Aurora Russia

Aurora Russia floated on the Alternative Investment Market of the London Stock
Exchange on 24 March 2006. The Company has been established to make equity or
equity related investments in small and midsized private Russian companies
focused on the financial, business and consumer services sectors where the
Directors believe there is potential for growth together with viable exit
opportunities within two to four years of making such investments. The Company
intends to provide its investee companies with the necessary capital to continue
to expand and develop. The Manager shall provide hands-on operational support to
deliver significant step changes in performance and value creation.

Aurora Russia targets companies with Enterprise Values of up to approximately
£100 million and seeks to secure blocking or controlling stakes and board
representation. The Company intends generally to take equity stakes of greater
than 20% in each portfolio company. It is anticipated that each equity
investment will typically be between £5 million and £25 million.

About Unistream

Unistream Bank is an international money transfer network with considerable
market share in Russia and CIS countries.

Management information shows that with approximately 800,000 clients served in
2006, Unistream transferred over $1.85 billion in 2006, up from $750 million in
2005. In the first and the second quarters of 2007, remittance volumes exceeded
$495 million and $792 million respectively. Unistream operates through 46,000
points of service in 85 countries across the world. In the countries of the
former Soviet Union, Unistream handles around 25% of the cross-border remittance
market, delivering its service at over 150 proprietary dedicated branches and
over 7,000 agencies throughout the CIS.



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