CTC Media announces approval from Special Meeting of Stockholders

December 17 2015

MTG notes the announcement today by CTC Media, Inc., Russia’s leading independent media company of which MTG owns 37.9%, that the Special Meeting of Stockholders held on 17th December have voted in favor of all resolutions proposed for consideration at the meeting. The sale and the subsequent merger of CTC Media detailed in the proxy statement dated 17th November 2015 are therefore approved.

CTC Media’s full announcement can be found at http://www.ctcmedia.ru/press-center/releases. CTC Media’s common stock is traded on the NASDAQ Global Select Market under the symbol “CTCM”.

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