MTG APPOINTS IRINA GOFMAN AS CEO OF MTG RUSSIA & CIS

MTG APPOINTS IRINA GOFMAN AS CEO OF MTG RUSSIA & CIS

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the international
entertainment broadcasting group, today announced that Irina Gofman has been
appointed as CEO of MTG Russia & CIS and as a member of the Group's Executive
Management Team.  

Irina was CEO of Rambler Media Group, one of the leading Russian internet media
and services groups between 2004 and 2007. During her time at Rambler Media,
Irina led the company's successful IPO and listing on the London Stock
Exchange's Alternative Investment Market (AIM). Irina previously worked for MTG
between 2002 and 2004 as Chief Operating Officer of the Russian TV network DTV,
where she was also instrumental in the launch of Viasat Broadcasting's wholesale
pay-TV business in Russia, which today comprises Viasat's TV1000 East, Viasat
History, Viasat Explorer, TV1000 Russian Kino and Viasat Sport East channels.
Irina has most recently served as Managing Partner (Media) at ESN Group, a
direct investment and management company.

As CEO of MTG Russia & CIS, Irina will be responsible for the Group's free-TV
and pay-TV activities in the region. 

MTG's free-TV business in Russia comprises MTG's 39.5% ownership of CTC Media,
which is the leading independent TV broadcaster in Russia. Irina will replace
Mia Brunell Livfors as a non-executive Director of CTC Media, Inc. which owns
and operates the CTC, Domashny and DTV television networks and is listed on the
NASDAQ stock exchange. 

Hans-Holger Albrecht, President and CEO of MTG, commented: “We welcome Irina
back to MTG and are delighted that she is rejoining the Group. Her successful
track record and wide industry experience are valuable assets, and we look
forward to working together to develop our businesses in Russia and across the
CIS.”


***


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

Hans-Holger Albrecht, President & CEO			
tel: +46 (0) 8 562 000 50

Matthew Hooper, Investor & Analyst Enquiries		
tel: +44 (0) 20 7321 5010

Bert Willborg, Press Enquiries			
tel +44 (0) 791 2280 850


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 channels in the Czech Republic,
Hungary, Slovenia and the Balkans. MTG's TV assets are broadcast in a total of
24 countries and reach over 100 million people. MTG is also the major
shareholder in Russia's largest independent television network (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 the OMX Nordic
Exchange 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 08.00 CET on 10 July
2008.