MTG LAUNCHES ‘VIASAT ONDEMAND' STREAMING SERVICE

MTG LAUNCHES ‘VIASAT ONDEMAND' STREAMING SERVICE

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the international
entertainment broadcasting group, today announced that Viasat Broadcasting has
launched a new pan-Scandinavian dedicated online video streaming site - 
www.viasatondemand.se, .dk and .no. Viasat OnDemand will provide streaming of a
broad selection of feature films, live sports events such as the UEFA Champions
League and ‘Euro 2008' football championship qualifying games, TV series and
own-produced content from Viasat's broad portfolio of channels. The launch
builds on the success of www.viasatsport.com, which was launched in September
2006, in order to make a wide range of Viasat's sports content available on
line, as well as on MTG's portfolio of online assets including number one Nordic
online entertainment retailer CDON.com.

Hans-Holger Albrecht, President and CEO of MTG, commented: “The launch of Viasat
OnDemand is in line with our strategy of offering customers our content and
channels on a flexible ‘Anytime, Anywhere' basis - i.e. independent of time and
location.  Broadband enabled viewers will be able to watch what they want, when
they want, and where they want.”

“It follows the successful launch of www.viasatsport.com, and creates a single
point of access where customers can easily purchase streamed content. Viasat
OnDemand will not only complement Viasat's other forms of content distribution,
but also create additional revenue streams from our broad portfolio of online
broadcasting rights.”

***

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 a leading international entertainment broadcasting group
with the second largest geographical broadcast footprint in Europe. MTG's Viasat
Broadcasting is the largest free-to-air and satellite premium pay-TV operator in
Scandinavia and the Baltics, and also operates channels in the Czech Republic,
Russia, Hungary, Slovenia and the Balkans.  Viasat channels are broadcast in a
total of 26 countries and reach 100 million people. MTG is also the biggest
shareholder in Russia's largest independent television network (CTC Media -
NASDAQ: CTCM), and the number one commercial radio operator in the Nordic and
Baltic regions.

Modern Times Group MTG AB class A and B shares are listed on the Nordic Stock
Exchange Large Cap market (‘MTGA' and ‘MTGB').