The MTG Nomination Committee’s proposal regarding election of the Board


In advance of the Modern Times Group MTG AB (publ) (“MTG”) Annual General
Meeting to be held on Tuesday 19 May 2015, the MTG Nomination Committee,
comprising representatives of the largest shareholders in MTG, proposes the re
-election of Board members David Chance, Simon Duffy, Michelle Guthrie,
Alexander Izosimov and Mia Brunell Livfors, and the election of Joakim Andersson
and Bart Swanson as new Board members. The Nomination Committee also proposes
the re-election of David Chance as Chairman of the Board. Blake Chandlee and
Lorenzo Grabau have declined re-election.
Joakim Andersson was appointed Chief Financial Officer of Investment AB
Kinnevik, MTG’s large reference shareholder, in February 2015. Joakim joined the
Kinnevik Group in 2001 at Banque Invik, and became Group Treasurer of Kinnevik
in 2007. As Group Treasurer, Joakim supported Kinnevik’s investee companies in
managing capital markets, financing and corporate financial management, and was
responsible for Kinnevik’s cash and liquidity management as well as its treasury
operations and controls.

Bart Swanson is currently an advisor at Horizons Ventures, a venture capital
firm based in Hong Kong with a focus on disruptive and technology-focused start
-ups, including Summly where Bart was Chairman of the Board from 2012 up until
2013 when the company was acquired by Yahoo. During 2010 and 2011 Bart was Chief
Operating Officer of Badoo, one of the largest Internet social dating sites,
prior to which Bart spent three years as Managing Director at GSI Commerce
International (later eBay Enterprise). Before joining GSI Commerce
International, Bart was a General Manager at Amazon, where he was one of the key
executives in establishing and expanding Amazon.com’s footprint in Germany,
France and the United Kingdom.

“The election of Joakim Andersson and Bart Swanson to the Board of MTG will
further strengthen the Board’s capabilities in the areas of capital allocation
and evaluation of new digital investments. Joakim will replace Lorenzo Grabau as
Kinnevik’s representative on the Board.”

“On behalf of the Nomination Committee I would like to extend our thanks and
appreciation to Lorenzo Grabau and Blake Chandlee for their contribution to the
development of MTG over the last years.”

Cristina Stenbeck, Chairman of the Nomination Committee

The Nomination Committee comprises Cristina Stenbeck appointed by Investment AB
Kinnevik; Marianne Nilsson appointed by Swedbank Robur Funds; and Erik Durhan
appointed by Nordea Funds. The members of the Nomination Committee have been
appointed by shareholders that jointly represent approximately 55 percent of the
votes in MTG.

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Cristina Stenbeck + 46 (0) 8 562 000 00
Matthew Hooper +44 (0) 7768 440 414 (investors@mtg.com or press@mtg.com)
MTG (Modern Times Group MTG AB (publ.)) is an international entertainment group.
Our operations span six continents and include TV channels and platforms, online
services, content production businesses and radio stations. We are also the
largest shareholder in CTC Media, which is Russia’s leading independent media
company. Our shares are listed on Nasdaq OMX Stockholm (‘MTGA’ and ‘MTGB’).

The information in this announcement is that which MTG is required to disclose
according to the Securities Market Act and/or the Financial Instruments Trading
Act, and was released at 08.00 CET on 16 April 2015.

Attachments

04155631.pdf