CTC MEDIA ANNOUNCEMENT

March 6 2006

NOT FOR DISTRIBUTION IN THE UNITED STATES, THE RUSSIAN FEDERATION, AUSTRALIA, CANADA OR JAPAN

Modern Times Group MTG AB, the international entertainment-broadcasting group, announces that CTC Media, Inc. has today made a new announcement that can be found on CTC Media’s corporate website at www.ctcmedia.ru. MTG owns 43.1% of CTC Media.

For further information, please visit www.mtg.se, email info@mtg.se, or contact:
Hans-Holger Albrecht, President & CEO
tel: +46 (0) 8 562 000 50

Matthew Hooper, Corporate Communications
tel: +44 (0) 20 7321 5010

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