MTG LAUNCHES FREE-TV CHANNEL IN GHANA

MTG LAUNCHES FREE-TV CHANNEL IN GHANA

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the international
entertainment broadcasting group, today announced that it has launched a
national terrestrial TV channel in Ghana in West Africa. The new channel is
called Viasat1 and is Viasat Broadcasting's first TV commercial free-to-air
entertainment channel outside Europe.

The launch of Viasat1, a broad-based entertainment channel featuring a
combination of international movies and series, commenced at 18.00 Ghanaian time
on Friday 12 December with the movie “Duma”, about an orphaned cheetah that
becomes the best friend and pet of a young boy living in South Africa, followed
by “The Cosby Show”, “Friends”, “CSI Las Vegas” and the Kevin Costner, Whitney
Houston hit movie “The Bodyguard”. 

Ghana has a population of over 23 million people and in 1957 it was the first
sub-Saharan country to gain its independence. Ghana is one of Africa's fastest
growing economies and generated 6.8% GDP growth in 2007. The gross value of the
Ghanaian TV advertising market is estimated to have been approximately USD 47
million in 2007, which represented close to 60% of the total advertising market
value. The market has been growing by more than 30% per annum in recent years. 

Viasat Broadcasting was awarded a five year national terrestrial TV license by
the National Communications Authority of the Republic of Ghana in December 2007.
The channel has been built up from the ground during 2008, with the development
of everything from transmission towers to play-out facilities in capital city
Accra. There are four other main terrestrial TV channels broadcasting in Ghana -
GTV (State-owned), Metro TV (joint venture between the State and a Ghanaian
private enterprise), TV3 (owned by TV3 of Malaysia and its local partners), and
TV Africa (owned by a Ghanaian film maker). 
Hans-Holger Albrecht, President and CEO of MTG, commented: “This exciting new
launch is our first step into a new continent and one of Africa's fastest
growing markets. This is a low cost and high potential greenfield start-up
operation and provides an attractive gateway into West Africa, and we look
forward to developing Viasat's presence in the country and the region over the
coming years”. 


***



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

Hans-Holger Albrecht, President & CEO
Tel:       		+46 (0) 8 562 000 50
Investor & Analyst Enquiries:
Matthew Hooper: 	+44 (0) 7768 440 414
Oscar Hyléen:	+46 (0) 707 620 024
Email:   		investor.relations@mtg.se 
Press Enquiries:
Bert Willborg	+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, Bulgaria, Macedonia and Ghana. MTG's TV assets are broadcast
in a total of 29 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 08.00 CET on 15
December 2008.