CTC Media announces appointment of new Chief Executive Officer

July 30 2013

Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international entertainment broadcasting group, notes that associated company CTC Media, Inc., of which MTG owns 37.9%, has today announced the appointment of Yuliana Slashcheva as its new Chief Executive Officer to succeed Boris Podolsky, who has decided to leave the Company in order to pursue other interests. CTC Media’s full press release can be found using the following link: http://ctcmedia.ru/press-center/releases/?id=1343#.UfePnBcqZjc.

CTC Media is a Russian leading independent media company, with operations throughout Russia and elsewhere in the CIS. It operates three free-to-air television networks in Russia – CTC, Domashny and PERETZ – as well as Channel 31 in Kazakhstan and a TV company in Moldova, with a combined potential audience of over 150 million people. The international pay-TV version of the CTC channel is available in North America, Europe, Central Asia, Armenia, Georgia, Azerbaijan, the Middle East and Kyrgyzstan. CTC Media also has its own TV content production facilities through its subsidiary Story First Production and a number of digital entertainment media assets: videomore.ru, domashniy.ru, ctc.ru, peretz.ru. The Company’s common stock is traded on the NASDAQ Global Select Market under the symbol “CTCM”. For more information on CTC Media, please visit ctcmedia.ru.

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