ANNUAL GENERAL MEETING OF SHAREHOLDERS

ANNUAL GENERAL MEETING OF SHAREHOLDERS

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the international
entertainment broadcasting group, today announced that the 2007 Annual General
Meeting of MTG shareholders, which was held today in Stockholm, voted to support
all of the resolutions proposed to the Meeting.

The Meeting resolved to re-elect Asger Aamund, David Chance, Nick Humby,
Lars-Johan Jarnheimer, David Marcus, Cristina Stenbeck and Pelle Törnberg as
members of the Board of Directors, and to elect Mia Brunell as a new member of
the Board of Directors.

The Meeting also approved the procedure for the nomination of members of the
Board Directors to the 2008 AGM. The Nomination Committee, which will be
convened by Cristina Stenbeck and consist of at least three members, will be
formed during the Autumn of 2007 in consultation with the largest MTG
shareholders at that time. The composition of the Committee will be communicated
in the Group's interim report for the third quarter and nine months ended 30
September 2007.

The Meeting also approved the appointment of Ernst & Young as Auditor, and the
appointment of authorised public accountant Erik Åström as principal responsible
auditor, for a period of four years. The 2006 Annual General Meeting approved
the appointment of KPMG Bohlins AB as Auditor, with authorised public accountant
Carl Lindgren as principal responsible auditor, for a period of four years.
The Meeting approved the Board of Directors' proposal that a dividend of SEK
7.50 per share be paid to all shareholders as at the record date of 14 May 2007,
and that the remainder of the Group's retained earnings for the year ended 31
December 2006 be carried forward into the Group's accounts for 2007.

The Meeting also approved the Board of Directors' proposal that the Meeting
should decide on a reduction of the company's equity reserves with SEK 1,000
million from SEK 1,523 million to SEK 523 million. The reduction amount should
be transferred to the company's non-restricted equity.

The Meeting also authorized the Board of Directors to pass a resolution on one
or more occasions up until the time of the next Annual General Meeting to
repurchase MTG Class A and/or Class B shares within the price spread quoted on
the Stockholm Stock Exchange, provided that the Group's holding does not at any
time exceed 10 per cent of the total number of issued and outstanding shares.

The Meeting approved the Board of Directors' proposal that the Meeting resolves
to reduce the company's share capital by a maximum of SEK 33,535,770 by
redemption without repayment of Class A and/or Class B shares which the company
has repurchased by utilizing its above mentioned authorisation. The redemption
amount should be reserved to non-restricted equity.

The Meeting approved the Board of Directors' proposal that a share
reclassification provision be included in the Group's articles of association to
enable, upon request, the reclassification of Class A shares into Class B share
in January and July of each year. Such reclassification requests should either
state the number of Class A shares to be reclassified or the percentage of the
total number of Group votes that the holder wishes to own after the
reclassification.  The reclassification request should be made in writing to the
Board of Directors for its consideration. 

In line with the 2005 and 2006 Annual General Meeting of Shareholders' approval
of awards under the Global Share Option Plan, and in accordance with the Board's
proposals, the Meeting resolved to offer stock options and warrants to a group
of approximately 40 senior executives, which would entitle them to acquire up to
399,994 class B shares. The warrants and options are exercisable after three
years and, if granted and exercised in full, would give rise to a 0.6% dilution
of the current outstanding share capital and a 0.2% dilution of the current
voting rights.  The Meeting therefore resolved to issue a maximum of 57,142
warrants and to grant a maximum of 342,852 stock options. The subscription price
of the warrants and the acquisition price of the stock options shall be equal to
110 per cent of the average last trading price of the MTG Class B share during
the ten trading days immediately following the Meeting. 
Other resolutions that were approved at the Meeting included, inter alia, the
authorisation for the Board of Directors to resolve on one or several occasions
during the period up until the next Annual General Meeting to raise certain loan
financing on market terms that are subject to the provisions of Chapter 11
Section 11 of the Swedish Companies Act (2005:551), where the interest rate is
dependent upon the Group's profits or financial position. 

At a statutory meeting of the Board of Directors following the AGM, the Audit
Committee and Remuneration Committee were re-appointed. Nick Humby was
re-appointed as Chairman of the Audit Committee, with David Marcus and Asger
Aamund re-appointed as Committee members. Asger Aamund was re-appointed as
Chairman of the Remuneration Committee, and David Chance, David Marcus and Mia
Brunell were appointed as Committee members.


For further information, please visit www.mtg.se, email info@mtg.se, or contact:
Hans-Holger Albrecht, President & CEO		
tel: +46 (0) 8 562 000 50

Matthew Hooper, Corporate Communications	
tel: +44 (0) 20 7321 5010





Modern Times Group is an international entertainment-broadcasting group with
operations in more than 30 countries around the world. MTG is the largest
Free-to-air and Pay-TV operator in Scandinavia and the Baltics, the largest
shareholder in Russia´s largest independent television network, and the number
one commercial radio operator in the Nordic region. The Viasat DTH satellite TV
platform offers digital multi-channel TV packages of 50 own-produced and third
party entertainment channels. Viasat TV channels now reach over 80 million
people every day to viewers in 21 countries across Europe

Modern Times Group MTG AB class A and B shares are listed on the Stockholm 
Stock Exchange under the symbols ´MTGA´ and ´MTGB.