Modern Times Group: Conference Call Financial Results for the Fourth Quarter and Full- Year Ended December 31, 2002


STOCKHOLM, Sweden, Feb. 5, 2003 (PRIMEZONE) -- Modern Times Group (Nasdaq:MTGNY) (Other OTC:MTGNF) announced the conference call date -- Wednesday, February 12, 2003, at 11 a.m. (EST -- New York) 4 p.m. (GMT -- London) 5 p.m. (CET -- Stockholm)


 PRESENTERS:      Hans-Holger Albrecht - President and Chief Executive
                  Officer
                  Mia Brunell - Chief Financial Officer
                  Andrew Barron - Chief Operating Officer

The financial results will be released on Wednesday, February,12, 2003 at 9 a.m. New York time, 2 p.m. London time, and 3 p.m. Stockholm time. The results announcement will be available at www.mtg.se together with a slide presentation.

Please send an email to info@mtg.se to register for the teleconference. A recording of the telephone conference will also be made available at the company's website.


For further information, please visit www.mtg.se
Modern Times Group, telephone +44 20 7321 5010

Modern Times Group is a leading vertically integrated media group with broadcasting, production, publishing and media services businesses, operating in more than 30 countries around the world. MTG is the largest Free-TV operator in the Nordic & Baltic region, the 3rd largest DTH Pay- TV operator in Europe, and has Free-TV operations in Russia and Hungary. MTG is the largest commercial radio broadcaster in Northern Europe, the global market leader in DVD subtitling and dubbing, and a leading international Reality-TV production house.

MTG's 'A' and 'B' shares are traded on the Stockholmsborsen 'O-list' and its ADRs are listed on Nasdaq.

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