MTG COMPLETES SALE OF TV SHOP

MTG COMPLETES SALE OF TV SHOP

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the international
entertainment broadcasting group, today announced that MTG Home Shopping AB has
completed the sale of 100% of the shares of TV Shop Europe AB to Guthy-Renker
Europe AB.

MTG will therefore consolidate TV Shop's results for the period up until 21 June
2007. The preliminary net gain from the transaction of approximately SEK 10
million will be reported in MTG's accounts for the second quarter and six months
ended 30 June 2007. TV Shop's results for the period up until 21 June 2007, and
the net gain will be reported within the ‘Other and eliminations' line in the
‘Online' segment of MTG's results matrix for the period.


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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 OMX Nordic
Exchange Large Cap market (‘MTGA' and ‘MTGB').