MTG sells Ukrainian TV business

MTG has signed an agreement to sell its Ukrainian pay-TV business to Ukraine’s
1+1 Media Group ( Completion of the transaction is subject to
local market regulatory approval.
Viasat Ukraine offers licensed packages of up to 110 TV channels on its
satellite pay-TV platform, and also provides Ukraine’s largest telecoms operator
Kyivstar with the Internet pay-TV platform for its recently launched offering of
up to 130 TV channels and video on demand services.

“The sale of our Ukrainian operations is part of our ongoing strategic portfolio
review. The Ukrainian team have created popular TV entertainment platforms and
products, and we wish them every success in the future.”

Jørgen Madsen Lindemann, MTG President and CEO
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MTG (Modern Times Group MTG AB (publ.)) is a leading international entertainment
group. 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 10:30 CET on March 1st 2016.