Zodiak takes a stake in Indian production company SOL

Zodiak Television acquires 35 % of fast- growing and highly reputable
Indian independent production house Sol, subject to final agreement.

Zodiak Television and the owners of Sol have entered into a
Memorandum of Understanding and the deal is subject to due diligence
and final agreements. The two companies will now cooperate on
actively developing Sol as a company with the aim of Zodiak
increasing its stake in a later stage.

Sol is  a  fast-growing  independent production  house,  launched  by
former U-TV  Executive  Producers  Kamna Nirula  Menezes  and  Fazila
Allana in January 2003. Sol specialises in non-fiction  entertainment
television and event management and produces, among others, The  STAR
Privaar Awards which has consistently been the highest rated event in
the country as well as award-winning shows such as Koffee with  Karan
and Nach Baliye.

  * "The Indian content market is one of the most vibrant in the
    world. A country where half of the 220 million households have TV
    sets and 70 million are multi-channel, is an exciting prospect
    for us. With around 70 new channels set to launch this winter
    alone the scope for content production is mind-blowing! Sol and
    its founders have a perfect platform, network and reputation and
    we're extremely pleased to be working with them as we enter this
    fascinating arena", says Patrick Svensk, President and CEO of
    Zodiak Television.

Zodiak Television World,  the distribution arm  of Zodiak  Television
Group, will, subject to final agreement, licence and distribute Sol's
programming internationally, excluding India.

  * "We've been watching with interest the amazing expansion of
    Zodiak throughout Europe for a while now. The time is right for
    us to link up with a big, international player to extend our
    brand outside of India and to grow our programming portfolio
    within it", says Fazila Allana, founder and MD of Sol.

For further information, please contact:
Patrick Svensk, President and CEO, Zodiak Television, +46708 66 07 30

Zodiak Television AB carries on the development, production and sales
of TV programmes under the brand names of MTV Mastiff, Mastiff Media,
Jarowskij, T & T Broadcaster, Look Entertainment, Diverse
Productions, Social Club Production 5th Element, Bird, TeleAlliance,
Dixi Media, YS Films, Bullseye and Kanakna in Sweden, Denmark,
Norway, Finland, England, USA, Poland, Russia, Ukraine, Belgium and
the Netherlands. The subsidiary company Zodiak Television World sells
the programmes and rights of the Group and other production companies
in the international market with customers in more than 70 countries.