Everytext expands in Spain

May 6 2002

EVERYTEXT EXPANDS IN SPAIN

Modern Times Group MTG AB, the international media group, today
announced that Everytext, has launched its services on the Canal 7 TV
channel in Madrid. This agreement supplements Everytext’s existing
services to other national and regional TV broadcasters in Spain.

Everytext has today launched its teletext services on Canal 7, a
privately owned regional TV station in the Madrid area, which focuses on
delivering entertainment programming to a youth TV audience. The
agreement is for four years. Everytext already produces teletext
services for TeleMadrid, the largest TV channel in the Madrid area as
well as to other national and local TV channels. However, Canal 7 and
TeleMadrid reach a different profile of audience, and the two channels
have a combined reach of 6 million people.

Hans-Holger Albrecht, President and CEO of MTG, commented: “This
agreement further strengthens Everytext’s position in the thriving
commercial area of Madrid. Everytext’s net sales increased by 41% in
2001 and it is the leading producer of teletext services in Europe.”

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, 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 in New York (symbol: MTGNY).


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The following files are available for download:
http://www.waymaker.net/bitonline/2002/05/06/20020506BIT00970/wkr0001.doc
http://www.waymaker.net/bitonline/2002/05/06/20020506BIT00970/wkr0002.pdf

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