New appointment to MTG senior management team

Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international
entertainment broadcasting group, today announced that Marek Singer has been
appointed as Executive Vice President of the Group’s Central European
Broadcasting operations with effect from 1 January 2013. Mr. Singer will
therefore join MTG’s senior management team and assume responsibility for the
Group’s free-TV operations in Estonia, Latvia, Lithuania, the Czech Republic,
Bulgaria and Hungary, as well as the Group’s pay-TV and radio operations in the
Baltic countries.
Marek Singer has been CEO and a Board member of the TV Prima free-TV operations
in the Czech Republic, of which the Group owns 50%, since 2008. The successor as
CEO of the Czech operations has been selected and this appointment will be
announced in due course. Marek will continue as a Board member of TV Prima.

Anders Nilsson, who has served as Executive Vice President of MTG’s Central
European Broadcasting operations since October 2011 and worked at MTG since
1992, has decided to leave the Group on 31 December 2012 to assume a new
position with Millicom International Cellular S.A.

Jørgen Madsen Lindemann, President and CEO of MTG, commented: “This appointment
reflects Marek’s excellent leadership and development of the Prima TV
enterprise, which is the second largest national commercial television
broadcaster in the Czech Republic and currently operates 3 free-TV channels in
the country. The channels achieved a combined target audience share of over 40%
in the third quarter and have consistently increased their viewing and
advertising market shares on an ongoing basis. We are committed to further
expanding the scale and footprint of our operations in the region and Marek will
oversee this expansion.”

“I would also like to thank Anders for twenty years of outstanding service to
MTG, during which time he has been instrumental in a number of the Group’s key
achievements. We wish him all the best for the future.”

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

Jørgen Madsen Lindemann, President & Chief Executive Officer
Tel:                               +46 (0) 8 562 000 50

Matthew Hooper, Head of Corporate Communications & Planning
Tel:                               +44 (0) 7768 440 414
Email:                           investor.relations@mtg.se / press@mtg.se
Modern Times Group (MTG) is an international entertainment broadcasting group
with operations that span four continents and include free-TV, pay-TV, radio and
content production businesses. MTG’s Viasat Broadcasting operates free-TV and
pay-TV channels, which are available on Viasat’s own satellite platforms and
third party networks, and also distributes TV content over the internet. MTG is
also the largest shareholder in CTC Media, which is Russia’s leading independent
television broadcaster.

Modern Times Group is a growth company and generated record net sales of SEK
13.5 billion in 2011. MTG’s Class A and B shares are listed on Nasdaq OMX
Stockholm’s Large Cap index under the symbols ‘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 08:00 CET on 7
December 2012.