MTG ACQUIRES 50% OF RUSSIAN DTH SATELLITE PAY-TV PLATFORM

MTG ACQUIRES 50% OF RUSSIAN DTH SATELLITE PAY-TV PLATFORM

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the international
entertainment broadcasting group, today announced that it has acquired 50% of
Raduga Holdings S.A. (‘Raduga') from Continental Media S.A. for an undisclosed 
consideration in cash. Raduga is the sole owner of LCC DaoGeoCom, which operates
Russian nationwide DTH satellite pay-TV platform Raduga TV. 

Raduga TV was launched in February 2009 and had 70,000 active subscribers as at
31 December 2009. The platform offers a package of more than 50 TV channels,
including a wide range of Russian channels, as well as the localised versions of
leading international channel brands such as Discovery Channel Russia, Eurosport
Russia, National Geographic and Jetix. The package also includes Viasat
Broadcasting's Viasat History, Viasat Explorer, TV1000 Russian Kino, TV1000 East
and TV1000 Action East channels. Russian networks CTC, Domashny and DTV, which
are operated by CTC Media, Inc., are also available on a free-to-air basis on
the platform together with a number of other Russian free-TV channels. MTG owns
39.4% of CTC Media, Inc.

The Raduga TV channel package is priced at RUB 300 (approximately USD 10) per
month on a three or six month pre-paid contract basis. The channels are
encrypted with the Irdeto conditional access system and made available through
the Asian Broadcasting Satellite ABS-1 (75° East) Northern Beam, which covers
more than 90% of the Russian Federation and is managed by Russian satellite
operator GeoTelecommunicatons (GT). Subscriptions can be purchased from
retailers across Russia.

The remaining 50% interest in Raduga has been retained by Continental Media S.A.
The two owners will share management control of Raduga, which will be
proportionately consolidated by MTG and reported in the Group's ‘Pay-TV Emerging
Markets' business segment within the Viasat Broadcasting business area.

Viasat Broadcasting  will now provide DTH satellite TV services in a total of
nine countries - Sweden, Norway, Denmark, Finland, Estonia, Latvia, Lithuania,
Ukraine and Russia - and distribute its Viasat branded channels via third party
operators in 25 countries across Central and Eastern Europe and in the US. The
nine platforms have over one million subscribers. The pay-TV channels had
attracted over 39 million subscriptions as at 31 September 2009. 

Hans-Holger Albrecht, President and CEO of MTG, commented: “We are delighted to
have forged this strong partnership to develop a competitive pay-TV distribution
platform in Europe's largest market by number of TV households. Our Viasat
channels are already well known by subscribers across Russia. We are an
integrated TV broadcaster, operating free and pay-TV businesses across multiple
markets, and Russia is one of the most attractive pay-TV markets in the world”. 


***

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

Hans Holger Albrecht, Chief Executive Officer
Tel:       		+46 (0) 8 562 000 50
 
Investor & Analyst Enquiries:
Matthew Hooper/ Oscar Hyleen
Tel: +44 (0) 7768 440 414 / +46 (0) 707 620 024
Email:   		investor.relations@mtg.se 
                                                                                
   
Media Enquiries:
Bert Willborg		
Tel: +44 (0) 791 2280 850
Email:   		bert.willborg@mtg.se   	


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-TV and satellite premium pay-TV operator in
Scandinavia and the Baltics, and also operates free-TV channels in the Czech
Republic, Hungary, Slovenia Bulgaria, Macedonia and Ghana. MTG's TV assets are
broadcast in a total of 30 countries and have 125 million viewers. MTG is also
the major shareholder in Russia's largest independent television broadcaster
(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 Nasdaq OMX
Stockholm's 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 08.15 CET on 08
February 2010.