Change in number of Class A and B shares and voting rights

| Source: Modern Times Group MTG AB
Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international
entertainment group, today announced that the total number of issued MTG Class B
shares has increased from 61,763,633 to 61,774,331, and the total number of MTG
issued Class A shares has decreased from 5,018,491 to 5,007,793, following the
reclassification by shareholders of 10,698 MTG Class A shares into MTG Class B
shares during January.
The total number of MTG Class C shares is unchanged at 865,000. The total number
of issued MTG shares therefore remains 67,647,124 and the total share capital is
unchanged at SEK 338,235,620. MTG holds 159,413 of the Class B shares and all of
the 865,000 Class C shares in treasury, and the total number of outstanding
shares is unchanged at 66,622,711.

Each Class A share has ten voting rights and each Class B and Class C share
carries one voting right. The total number of voting rights therefore decreased
from 112,813,543 to 112,717,261 in January. The total number of voting rights,
when excluding the Class B and C shares held by MTG in treasury, decreased from
111,789,130 to 111,692,848.

For further information, please visit or contact:

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

Investors & Analysts
Tel:                      +46 (0) 73 699 2714

Tel:                      +46 (0) 73 699 2709
Modern Times Group (MTG) is an international entertainment 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 net sales of SEK 14.1
billion in 2013. 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 12:00 CET on 28 February 2014.