CONFERENCE CALL TO PRESENT 2005 SECOND QUARTER RESULTS

July 20 2005

MONDAY, 25 JULY 2005
09:00 (EST) / 14:00 (UK) / 15:00 (CET)

Hosts:
Hans-Holger Albrecht, President and Chief Executive Officer
Mia Brunell, Chief Financial Officer
Andrew Barron, Chief Operating Officer

Modern Times Group MTG AB, the international entertainment broadcasting group, will announce its financial results for the second quarter and six months ended 30 June 2005 at 13:00 CET on Monday, 25 July 2005.

The company will host a conference call at 15:00 CET.

The conference call will be webcast in ‘listen-only’ mode on MTG’s website at www.mtg.se.

To participate in the conference call, please register at:

http://www.sharedvalue.net/MTG/Q22005

The dial-in number to join the conference call will be available upon registration.

You may also register by filling in the attached form and returning it by fax to Shared Value on +44 (0)20 7321 5020 or by contacting Carl Eliasson on +44 (0)20 7321 5025 for further details.

Modern Times Group MTG AB is an international entertainment broadcasting group with operations in more than 30 countries around the world and principal broadcasting businesses in Scandinavia, the Baltic States, Hungary and Russia. MTG class A and B shares are listed on the Stockholmsbörsen O-list (symbols: MTGA and MTGB).

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