MTG: CDON COMPLETES OFFER FOR GYMGROSSISTEN NORDIC AB Modern Times Group MTG AB (publ.) (“MTG”), the international entertainment broadcasting group, announced on 14 December 2007 that its wholly-owned CDON AB (“CDON”) subsidiary had made a recommended offer for the entire issued share capital of Gymgrossisten Nordic AB (publ) (“Gymgrossisten”) at a price of SEK 33.10 in cash per Gymgrossisten share (the “Offer”). The original acceptance period for the Offer expired on January 18, 2008. A total of 5,817,535 shares, which represents 98.44 per cent of the total number of shares and votes in Gymgrossisten, have been tendered in acceptance of the Offer. CDON has now declared the Offer to be unconditional, and settlement is expected to begin on, or around, 25 January 2008. In order to provide those Gymgrossisten shareholders who have not yet tendered their shares with the opportunity to accept the Offer, CDON has extended the acceptance period until 1 February 2008. Settlement of shares tendered during the extended acceptance period will begin on, or around, 8 February 2008. CDON will initiate the mandatory acquisition of the remaining untendered Gymgrossisten shares in the near term and, as a result, apply for the Gymgrossisten share to cease trading on the First North market place of the Nordic Stock Exchange. *** For further information, please visit www.mtg.se, email investor.relations@mtg.se, or contact: Hans-Holger Albrecht, President & CEO tel: +46 (0) 8 562 000 50 Matthew Hooper, Investor & Analyst Enquiries tel: +44 (0) 20 7321 5010 Bert Willborg, Press Enquiries tel: +44 (0) 791 2280 850 Modern Times Group is a leading international entertainment broadcasting group with the second largest geographical broadcast footprint in Europe. MTG's Viasat Broadcasting is the largest free-to-air and satellite premium pay-TV operator in Scandinavia and the Baltics, and also operates channels in the Czech Republic, Russia, Hungary, Slovenia and the Balkans. Viasat channels are broadcast in a total of 24 countries and reach 100 million people. MTG is also the biggest shareholder in Russia's largest independent television network (CTC Media - NASDAQ: CTCM), and the number one commercial radio operator in the Nordic and Baltic regions. Modern Times Group MTG AB class A and B shares are listed on the OMX Nordic Exchange Large Cap market (‘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 10.30 CET on 23 January, 2008. The Offer is not being made, and this press announcement may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, United States of America, Australia, Canada, South Africa or Japan or any jurisdiction in which the making of the Offer, the distribution of this press announcement or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other actions in addition to those required under Swedish law. This press release is a translation of the Swedish original press release. In case of any discrepancies between the Swedish version and the English version, the Swedish shall take precedence. The Offer, as well as the agreements entered into between CDON and the shareholders of Gymgrossisten as a result of the Offer, shall be governed by and construed in accordance with substantive Swedish law. Disputes relating to the Offer shall be subject to the exclusive jurisdiction of the Swedish courts, of which the Stockholm City Court shall be the court of first instance. The release, publication or distribution of this press announcement in certain jurisdictions may be restricted by law or regulation and therefore persons in such jurisdiction into which this announcement is released, published or distributed must inform themselves about and observe such restrictions. The Offer is not being made, and this press announcement may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, any jurisdiction in which the making of the Offer, the distribution of this press announcement or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other actions in addition to those required under Swedish law. The Offer is not being made, directly or indirectly, in or into the United States of America, Australia, Canada, Japan or South Africa, by use of mail or any other means or instrumentality (including, without limitation, facsimile transmission, electronic mail, telex, telephone and the internet) of interstate or foreign commerce, or of any facility of national security exchange, of the United States of America, Australia, Canada, Japan or South Africa, and the Offer cannot be accepted by any such use, means, instrumentality or facility of, or from within, the United States of America, Australia, Canada, Japan or South Africa.
MTG: CDON COMPLETES OFFER FOR GYMGROSSISTEN NORDIC AB
| Quelle: Modern Times Group MTG AB