Dtv’s license in Russia

August 30 2002

DTV’S LICENSE IN RUSSIA

Following the recent media speculation, Modern Times Group MTG AB,
wishes to clarify that it retains its broadcast license in Russia for
the DTV station.

MTG confirms that the license is up for renewal by the end of October
2002 and that this may lead to a competitive tender process. MTG was
aware of this situation at the time of acquiring 75% of DTV. A
competitive tender has not been officially announced at the present
time.

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
Investor & Press Relations tel: +44 (0) 20 7321 5010

Modern Times Group, MTG AB has six business areas: Viasat Broadcasting
(Free-to-air and pay-TV channels in nine countries, and the new media
businesses – teletext operations and the Everyday interactive TV,
internet and mobile portals), Radio (local and national networks in five
countries), Publishing (financial news and information services), Modern
Interactive (home shopping, e-commerce and logistics), SDI Media
(subtitling and dubbing services), and Modern Studios (content
production and rights library).

Modern Times Group MTG AB’s class A and B shares are listed on the
Stockholmsbörsen O-list (symbols: MTGA and MTGB) and ADRs are listed on
the NASDAQ National Market (symbol: MTGNY).


This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2002/08/30/20020830BIT00680/wkr0001.doc
http://www.waymaker.net/bitonline/2002/08/30/20020830BIT00680/wkr0002.pdf

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