CHANGE IN NUMBER OF SHARES AND VOTING RIGHTS

CHANGE IN NUMBER OF SHARES AND VOTING RIGHTS

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the
international entertainment broadcasting group, today announced that
 26,666 new Class B shares were issued in May as a result of the
exercising of stock options related to the 2005 incentive programme. The
total number of Class B shares has increased to 59,298,134 from
59,271,468 during May, whilst the total number of Class A shares remains
unchanged at 6,637,073. The total number of outstanding shares is now
65,935,207. MTG also holds 850,000 MTG Class C shares, and the total
number of issued shares therefore now amounts to 66,785,207. Class C
shareholders are not entitled to dividend payments.

The total number of voting rights has consequently increased to
126,518,864 from 126,492,198, and the total share capital now amounts to
SEK 333,926,035. Each Class A share entitles the holder to ten voting
rights and each Class B and Class C share carries one voting right.
***

For further information, please visit www.mtg.se (http://www.mtg.se/) or
contact: 

Hans Holger Albrecht, Chief Executive Officer
Tel:                               +46 (0) 8 562 000 50 

Investor & Analyst Enquiries:
Matthew Hooper
Tel:                               +44 (0) 7768 440 414
Email:                          
investor.relations@mtg.se (investor.relations@mtg.se)                   
                                                                

Media Enquiries:
Bert Willborg
Tel:                               +44 (0) 791 2280 850
Email:                          
bert.willborg@mtg.se (bert.willborg@mtg.se)
Modern Times Group is a leading international entertainment broadcasting
group with the largest geographical broadcast footprint in Europe. MTG's
Viasat Broadcasting is the leading free-TV and pay-TV operator in
Scandinavia and the Baltics, and has broadcasting operations in
Bulgaria, Czech Republic, Hungary, Slovenia, Russia, Ukraine and Ghana.
Viasat's free-TV and pay-TV channels and pay-TV platforms attract a
total of 125 million viewers in 31 countries. MTG is also the major
shareholder in Russia's largest independent television broadcaster (CTC
Media - Nasdaq: CTCM), and the number one commercial radio operator and
internet retailer of entertainment products in the Nordic region. 

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 Markets Act. This
information was released for publication at 17.00 CET on 31 May 2010.