Management team changes

MTG today appointed Peter Nørrelund as Executive Vice President and CEO of MTG
Sport, and Gabriel Catrina as Chief Strategy Officer. Joseph Hundah has
meanwhile left his position as Executive Vice President and CEO of MTG Africa.
Peter Nørrelund, a former Editor in Chief at Danish public service broadcaster
DR, joined MTG in 2003 and rose to become MTG Head of Sport in 2013. Peter is
responsible for MTG’s global sports organisation of 200+ people that acquires
rights for MTG’s online and offline platforms across multiple territories; runs
the technical play-out of MTG’s sports channels; and produces the local language
commentary and programming around coverage of events including the Olympics,
UEFA Champions League, English Premier League, Danish Superliga, Formula One,
the NHL and NFL.

Gabriel Catrina joined MTG in 2013 as Head of Group Strategy, and has worked
closely with the Group’s operating businesses. Gabriel was previously Head of
the Media, Communications and Technology Practice for management consulting firm
Booz & Company in the Nordics, where he spent 8 years advising leading companies
globally on strategy, innovation and operations. Gabriel was also CFO and COO of
Argentinian digital education company Educ.ar, and VP of Business Development
(Europe & Latin America) for US-based telecommunications software company TCS.

Joseph Hundah joined MTG in 2011 as CEO of MTG’s African operations and has been
an MTG EVP since November 2012. MTG EVP Jette Nygaard-Andersen now takes on
responsibility for MTG’s African operations, which comprise free-TV channels
Viasat1 Ghana and TV1 in Tanzania, as well as Modern African Productions.

“Peter has done a great job building up an unrivalled sports portfolio for our
channels and platforms around the world. Not only do we have rights to the top
global franchises but also very strong local editorial offerings. This step up
in the organization reflects how central sports is to our consumer product
offering.

Gabriel has substantially enhanced our strategy work and been instrumental in
our strategic transformation. This new role reflects the importance of dedicated
strategic thinking and planning to the future of MTG as a leading global digital
video entertainment business.

Joseph leaves with our thanks for his contribution to the development of our
African business and our best wishes for the future.”

Jørgen Madsen Lindemann, President & 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 08.00 CET on 23 March 2016.