MTG to launch 3 new HD pay-TV movie channels in Russia, Ukraine and CIS

Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international
entertainment broadcasting group, today announced that Viasat Broadcasting will
launch three new High Definition (HD) pay-TV movie channels, TV1000 Premium
HD,TV1000 Megahit HD and TV1000 Comedy HD, in Russia, Ukraine and other CIS
countries in October 2012. The channels will primarily feature content from four
major Hollywood studios, including Twentieth Century Fox Television
Distribution, Sony Pictures Television and Warner Bros, with whom the Group has
signed multi-year exclusive pay-TV and online movie licensing agreements for the
same territories.
Premium tier channel TV1000 Premium HD will focus on first run premieres of
award winning films from the Hollywood studios and independent local
distributors, while TV1000 Megahit HD will feature first run premieres of the
latest blockbuster titles from Hollywood and Russia. TV1000 Comedy HD will be a
dedicated US comedy movie channel, alongside the current channels TV1000 East,
TV1000 Russian Kino and TV1000 Action East. All three channels will also include
high quality library titles, and will be broadcast 24 hours a day in HD and
Dolby Digital 5.1 sound with non-Russian language titles being dubbed into
Russian.

The new channels will be made available on cable, satellite, IPTV and DTT
networks and add to MTG’s existing pay-TV channel offering of TV1000 East,
TV1000 Russian Kino TV1000 Action East, Viasat Explorer, Viasat History, Viasat
Nature, Viasat Nature HD, Viasat History HD and Viasat Sport. TV1000 East and
TV1000 Russian Kino are Russia’s two most watched pay-TV channels.

The additional premium content from the Hollywood studios will also be available
through MTG’s Viaplay online pay-TV service in Russia, which was launched
earlier this year and is accessible to subscribers via their broadband internet
connections.

Twentieth Century Fox Television Distribution’s portfolio of movies includes
first-run titles such as Rise of the Planet of The Apes, X-Men First Class and
the Academy Award winning title The Descendants starring George Clooney.

Sony Pictures Television’s portfolio of movies includes first-run titles such as
The Girl with the Dragon Tattoo and Moneyball, as well as recent theatrical
releases such as The Amazing Spider-Man, Total Recall and Men in Black 3.

Warner Bros.’ portfolio of movies includes first-run titles such as Hangover 2
and Harry Potter and the Deathly Hallows - Part 2, as well as recent theatrical
releases such as Rock of Ages, Sherlock Holmes: A Game of Shadows and The Dark
Knight Rises.

The licence agreements signed for the new channels means that subscribers can
access premium high-quality movies as close to their box office release as
possible for a number of years.

Jørgen Madsen, President and CEO of MTG, commented: “We will now offer an
unrivalled channel portfolio across the region, comprising six movie channels,
five documentary channels and a sports channel. Our channels offer the strongest
movie content and very best local and international entertainment content to
Russian viewers and will feature content from four out of six major Hollywood
studios.”

”The launch of the three new HD channels and the signing of new long term
content agreements with the distributors of some of the world’s leading feature
length entertainment programming demonstrates our commitment to expanding in the
region and our belief in the future growth of the Russian, Ukrainian and CIS pay
-TV markets.”

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

Jørgen Madsen, President & Chief Executive Officer
Tel:                               +46 (0) 8 562 000 50

Matthew Hooper, Head of Corporate Communications & Planning
Tel:                               +44 (0) 7768 440 414
Email:                           investor.relations@mtg.se / press@mtg.se
Modern Times Group (MTG) is an international entertainment broadcasting group
with operations that span four continents and include free-TV, pay-TV, radio and
content production businesses. MTG’s Viasat Broadcasting operates free-TV and
pay-TV channels, which are available on Viasat’s own satellite platforms and
third party networks, and also distributes TV content over the internet. MTG is
also the largest shareholder in CTC Media, which is Russia’s leading independent
television broadcaster.

Modern Times Group is a growth company and generated record net sales of SEK
13.5 billion in 2011. MTG’s Class A and B shares are listed on Nasdaq OMX
Stockholm’s Large Cap index under the symbols ‘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 7:00 CET on 18
September 2012.