New appointments to MTG senior management team

Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international
entertainment broadcasting group, today announced the appointment of Anna
Settman to the new role of Executive Vice President of the Group’s Nordic pay-TV
broadcasting operations with effect from 1 March 2013, as well as the promotion
of Joseph Hundah to the new role of Executive Vice President of the Group’s
African operations with effect from 1 November 2012 and Bartek Gudowski to be
Chief Technology Officer of Viasat Broadcasting with effect from 1 November
2012.
Anna Settman joins MTG after 19 years at Schibsted owned Aftonbladet, which is
Sweden’s largest newspaper. Anna was most recently CEO of Aftonbladet for 3
years, prior to which Anna was President of Aftonbladet New Media for 2 years.
Anna was responsible for developing and executing on a digital business model to
enable users to pay for multi-media content and services in online, mobile and
video environments, as well as to accelerate the growth of online advertising
revenues. Anna will direct and oversee the management of MTG’s pay-TV operations
across the Nordic region, which include the Viasat pay-TV channels, the Viasat
satellite pay-TV platform, and the Viaplay online pay-TV service.  Jette Nygaard
-Andersen, acting CEO of MTG’s Nordic pay-TV operations, will oversee each of
these areas until Anna joins the Group.

Joseph Hundah has been CEO of MTG’s African operations since joining the Group
in 2011. Joseph previously worked for South African pay-TV operator M-Net and
Supersport, and was Managing Director of the MultiChoice satellite pay-TV
platform in Nigeria. MTG’s African operations comprise the Viasat1 free-TV
channel in Ghana, Modern Africa Productions, and the distribution of MTG’s
Viasat documentary channels on 3rd party broadcast networks in 6 African
countries.

Bartek Gudowski has worked at MTG for almost 10 years, rising from the Group’s
management trainee programme to become CEO of Viasat Satellite Services and MTG
Broadcast Centre. Bartek will now assume overall responsibility for Viasat’s
broadcasting and technical infrastructure including Viasat Satellite Services
and the play-out facilities, as well as Viasat’s billing and customer
relationship management systems.

At the same time, MTG Chief Financial Officer Mathias Hermansson has been
appointed to head up the Group’s strategy and M&A activities moving forward.
Petra Österlund’s title has also been changed to Executive Vice President of
Modern People, which encompasses the Group’s human resources and talent
management activities, as well as Modern Responsibility and corporate
administration.

MTG also today announces that Martin Lewerth (Executive Vice President of Pay-TV
& Technology) and Marc Zagar (Executive Vice President of Finance) have decided
to leave the Group on 31 October 2012 and 31 January 2013, respectively, to
assume new positions with Millicom International Cellular S.A.. In addition,
Laurence Miall-d’Aout (Executive Vice President of Business Diversification) has
decided to leave the Group with immediate effect following the re-integration of
the Group’s various diversification initiatives back into the operating
businesses.

Jørgen Madsen Lindemann, President and CEO of MTG, commented: “We are delighted
to have recruited and promoted managers and innovators with the proven track
records, passion, knowledge, ideas and determination to lead the future growth
and development of MTG in combination with our established senior management
team. We will add to the team further moving forward.”

“The broadcasting industry is evolving rapidly and we are at the forefront of
this change. Our industry is more competitive than ever before but our products
and services are also stronger than ever before. With our unrivalled
geographical footprint and content offering, we have a unique opportunity to
utilize our wide variety of properties to continue to challenge convention and
capitalize on changes in technology and consumer behaviour in all of our
markets.”

“I would also like to take this opportunity to thank Marc, Martin and Laurence
for their considerable contributions to MTG’s past success and wish them all the
best for the future.”

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

Jørgen Madsen Lindemann, 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 08:00 CET on 15
October 2012.