MTG completes sale of Zitius

Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international
entertainment group, today announced that it has completed the sale of its 80%
stake in Swedish communications operator Zitius Service Delivery AB to
TeliaSonera AB, following approval from the Swedish Competition Authority.
Zitius will be deconsolidated from MTG’s accounts from the beginning of June.
The transaction is expected to generate approximately SEK 76 million of net
gain. Zitius’ financial results for the period until deconsolidation, as well as
the net gain, will be reported within the ‘Central Operations, eliminations &
others’ line within the Viasat Broadcasting business area in the Group’s
reporting matrix.

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

Investors & Analysts
Tel:                      + 46 (0) 73 699 2714
Email:                  investor.relations@mtg.se

Journalists
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Email:                  press@mtg.se
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 08.00 CET on 21 May
2014.