The MTG Nomination Committee amends its proposal regarding election of Board of Directors

Mia Brunell Livfors has informed the Nomination Committee of Modern Times Group
MTG AB (publ) (“MTG”) that she declines re-election to the Board of MTG due to
her new commitments in connection with assuming the role as CEO of another
company on June 1 2015.
The Nomination Committee has decided to amend its proposal to the Annual General
Meeting by reducing the number of proposed Board members from seven to six. The
Nomination Committee’s proposed total remuneration to the Board will be reduced
accordingly.

The Nomination Committee’s adjusted proposal for election of the Board of MTG is
thus the re-election of David Chance, Simon Duffy, Michelle Guthrie and
Alexander Izosimov as Board members, and the election of Joakim Andersson and
Bart Swanson as new Board members. Furthermore, the Nomination Committee
proposes the re-election of David Chance as Chairman of the Board.

MTG’s Annual General Meeting will be held on May 19 2015. 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.

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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 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 13.15 CET on 5 May 2015.