MTG ANNOUNCES NEW STRATEGIC OBJECTIVES

MTG ANNOUNCES NEW STRATEGIC OBJECTIVES

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the international
entertainment broadcasting group, today announced a new set of strategic
objectives to be achieved by the end of 2011. The objectives were announced at
MTG's Capital Markets Day, which is being held today in London, and confirm
MTG's position as one of Europe's fastest growing and most profitable
entertainment broadcasters.

The new strategic objectives are:

* MTG to report Group Net Sales of SEK 20 billion in 2011 with more than 10%
organic annual sales growth

* Current Viasat Broadcasting Central & East European operations to generate net
sales of SEK 5 billion in 2011

* Over 20% operating (EBIT) margin for Viasat Broadcasting (excl. CTC Media) by
end of 2011

* Current Viasat Broadcasting C&E Europe operations (incl. CTC Media) to
generate higher operating profit (EBIT) than rest of Viasat Broadcasting by 2011

* MTG to report 30% Return on Equity for 2007-2011 5 year period


Hans-Holger Albrecht, President and CEO of MTG, commented: “We have now either
delivered, or are well on track to deliver, the strategic objectives that we set
three years ago in June 2004.  It is therefore time for new objectives, which
demonstrate the significant growth potential in the Group and our expectation
for healthy margin development and a continued substantial return on equity over
the next five years.  The media landscape is evolving rapidly. Viasat's media
house approach, and channel presence across a wide range of distribution
platforms and markets, positions us well to benefit from these changes moving
forward.  We are investing further in the integration of our existing
businesses, as well as in new areas, channels and technologies, in order to
generate future growth.”


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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').