MTG: SHARE RECLASSIFICATION


MTG: SHARE RECLASSIFICATION

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the international
entertainment broadcasting group, today announced that its Board of Directors
has approved the reclassification of a total of 303,953 MTG Class A shares into
MTG Class B shares.  The total number of Class A shares, which carry 10 votes
per share, has consequently decreased to 15,241,668, whilst the total number of
Class B shares, which carry one vote per share, has increased to 51,829,872. The
total number of issued and outstanding MTG shares remains unchanged at
67,071,540.

The reclassifications follow requests made by three MTG shareholders during July
2007, which have been duly considered by the MTG Board of Directors in
accordance with the resolution of the MTG 2007 annual general shareholder
meeting.  The AGM resolution provides that shareholders may request the
reclassification of Class A shares into Class B shares during the calendar
months of January and July of each year, and that the Board of Directors is to
decide on any such requests. 


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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 24 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').

Attachments

08232321.pdf