MTG COMPLETES ACQUISITION OF 50% OF BALKAN MEDIA GROUP

MTG COMPLETES ACQUISITION OF 50% OF BALKAN MEDIA GROUP

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the international
entertainment broadcasting group, today announced that it has completed the
acquisition of 50% of Balkan Media Group Limited (‘BMGL').  As announced on 16
February 2007, MTG now has management control of the business and will
consolidate its results with effect from today. The results for BMGL will be
reported within the ‘Central & East European Pay-TV DTH platform & channels'
line of the MTG quarterly financial reporting matrix.  BMGL owns six TV channels
in Bulgaria which generate the majority of their revenues from subscription
sales, and a terrestrial TV broadcaster in Macedonia.  

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

Hans-Holger Albrecht, President & CEO		
tel: +46 (0) 8 562 000 50
Matthew Hooper, Corporate Communications	
tel: +44 (0) 20 7321 5010

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 region.

Modern Times Group MTG AB class A and B shares are listed on the Nordic Stock
Exchange Large Cap market (MTGA' and ‘MTGB').