MTG SECURES NEW SEK 3 BILLION CREDIT FACILITY

MTG SECURES NEW SEK 3 BILLION CREDIT FACILITY

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the international
entertainment broadcasting group, today announced the arrangement of a new SEK
3.0 billion credit facility. As previously announced, the new credit facility is
being put in place in order to fully finance the acquisition of Nova Televisa
Bulgaria, as well as to provide continued financial flexibility for the Group to
make further investments and enhance shareholder returns. The facility is
available for 12 months from initial draw down on the closing of the
transaction, with an option to extend for a further six months.  

MTG announced on 31 July 2008 that it had signed an agreement to acquire 100% of
Nova Televisia Bulgaria, the second largest television channel in Bulgaria, for
EUR 620 million in cash, on a cash and debt free basis and subject to closing
adjustments. It was also announced that the acquisition would be financed from
MTG's existing available liquid funds and the arrangement of additional debt
financing. The acquisition is subject to regulatory approval and is expected to
be completed by the end of October 2008.
The new facility is arranged and provided by SEB and Nordea. The facility is
unsecured with no required amortisations prior to final repayment, and is
available for draw down in Swedish krona or euro. 

The Group's existing SEK 3.5 billion five year revolving multi-currency credit
facility, which was signed in February 2006, remains in place.

The Group had a net cash position of SEK 1,675 million as at the latest reported
balance sheet date of 30 June 2008. 

Hans-Holger Albrecht, President and CEO of MTG, commented: “The new credit
facility, combined with our existing funding, provides for the full financing of
our acquisition of Nova  ahead of the closing of the transaction. It also
provides us with the continued flexibility to invest in our existing and new
businesses and enhance shareholder returns moving forward.”

***


For further information, please visit www.mtg.se  or contact:

Hans-Holger Albrecht, President & CEO 
Tel: +46 (0) 8 562 000 50 

Mathias Hermansson, CFO
Tel: +46 (0) 8 562 000 50

Investor & Analyst Enquiries
Matthew Hooper / Oscar Hyléen
Tel: +44 (0) 7768 440 414 / +46 (0) 707 620 024
Email: investor.relations@mtg.se 
Press Enquiries
Bert Willborg                                                  
Tel:       +44 (0) 791 2280 850
Email:   bert.willborg@mtg.se   	


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-TV and satellite premium pay-TV operator in
Scandinavia and the Baltics, and also operates channels in the Czech Republic,
Hungary, Slovenia and the Balkans. MTG's TV assets are broadcast in a total of
24 countries and reach over 100 million people. MTG is also the major
shareholder in Russia's largest independent television broadcaster (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').

The information in this announcement is that which Modern Times Group MTG AB is
required to disclose under the Securities Market Act and/or the Financial
Instruments Trading Act. It was released for publication at 15.30 CET on 27
August, 2008.