Zodiak Television's new issue of convertibles fully subscribed

The last  day  for  application to  subscribe  for  convertibles  was
December 7, 2007. The issue was approximately 91 percent  subscribed,
which means  that  subscription  by guarantors  only  occurred  to  a
limited extent.

A total of 6,360,292 convertibles, corresponding to a nominal  amount
of SEK 171,727,884, were subscribed in  the issue. In the event  that
all convertibles would be converted  to shares, the number of  shares
in the company thereafter  would amount to  31,801,460 , which  would
correspond to a dilution of 20 percent.

The convertibles are expected to be traded on the OMX Nordic Exchange
Stockholm from and including  December 28, 2007. Carnegie  Investment
Bank  is   the  liquidity   guarantor  (market   maker)  for   Zodiak
Television's shares and convertibles.

The issue generates  MSEK 171.7  to the company  before deduction  of
issue costs.

  * "We are happy to announce that the issue of convertibles
    succeeded and that Zodiak now has a favorable capital structure,"
    says Patrick Svensk, President and CEO of Zodiak. "To the extent
    Zodiak does not pay any dividends, the convertible will be worth
    more than the share since it pays an annual interest rate of 6
    percent and has a built-in protection against a price decline in
    the share and that it is convertible at any given time".

Convertible terms and conditions

The convertibles carry an annual interest rate of 6 percent from
January 1, 2008 until May 31, 2013. Interest is paid to the holder on
May 31 each year, the first time on May 31, 2008 and the last time on
May 31, 2013. The convertibles fall due for payment of the nominal
amount on May 31, 2013, if conversion to shares has not been
implemented prior to this date. Conversion to shares may be requested
up to and including March 31, 2013. The conversion price is SEK 27.

For further information, contact:
Patrick Svensk, President and CEO,  Zodiak Television, +46 708 66  07
30

Zodiak Television AB develops, produces and markets TV programming
under the brand names MTV Mastiff, Mastiff Media, Mastiff, Jarowskij,
T & T Broadcasters, Look Entertainment, Diverse Productions, Social
Club Productions, 5th Element, Yellow Bird, TeleAlliance, Dixi Media,
Bullseye and Kanakna in Sweden, Denmark, Norway, Finland, England,
US, Poland, Russia, Ukraine, the Netherlands and Belgium. The
subsidiary Zodiak Television World sells the programs and rights of
the Group and other production companies in the international market
to customers in more than 70 countries.