MTG REFINANCES SEK 3.0 BILLION LOAN FACILITY

MTG REFINANCES SEK 3.0 BILLION LOAN FACILITY

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the international
entertainment broadcasting group, today announced the successful refinancing of
its existing SEK 3.0 billion loan facility. The existing loan, which was
arranged in August 2008, was due for repayment in April 2010. 

The new SEK 3.0 billion three year term loan, which was oversubscribed, has been
arranged by DnB NOR Bank ASA, Nordea Bank AB (publ), Skandinaviska Enskilda
Banken AB (publ) and Svenska Handelsbanken AB (publ) as Mandated Lead Arrangers
and by Swedbank AB (publ) as Joint Lead Arranger. 

The SEK 3.0 billion credit facility was announced on 27 August 2008, being put
in place in order to 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 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 net
debt of SEK 3.9 billion at 31 March 2009, which was equivalent to 1.4 times
MTG's trailing twelve month earnings before interest, tax, depreciation and
amortisation.

Nordea Bank AB (publ) acted as Documentation Agent and Skandinaviska Enskilda
Banken AB (publ) will act as Facility Agent.

Mathias Hermansson, Chief Financial Officer, commented: “We are delighted to
have been able to successfully refinance this facility. The arrangement was
oversubscribed and demonstrates the strength of MTG's balanced business model,
healthy cash flows and overall financial stability, even in the currently
challenging market conditions.  We continue to selectively invest in both our
Nordic and emerging market businesses, in order to take further market share,
capitalise on the structural changes in the media industry, and build even
stronger market positions for the future.”


***

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

Mathias Hermansson, Chief Financial Officer
Tel:       		+46 (0) 8 562 000 50
 
Investor & Analyst Enquiries:
Matthew Hooper: 	+44 (0) 7768 440 414
Email:   		investor.relations@mtg.se 
                                                                                
   
Media 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 free-TV channels in the Czech
Republic, Hungary, Slovenia Bulgaria, Macedonia and Ghana. MTG's TV assets are
broadcast in a total of 30 countries and have 125 million viewers. 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 Nasdaq OMX
Stockholm's 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 14.45 CET on 2 July
2009.