FINANCIAL RESULTS FOR THE SECOND QUARTER AND SIX MONTHS ENDED 30 JUNE 2004 Stockholm, 3 August 2004 - Modern Times Group MTG AB ("MTG") (Stockholmsbörsen: MTGA, MTGB) today announced its financial results for the second quarter and six months ended 30 June 2004. HALF YEAR HIGHLIGHTS - GROUP NET SALES UP 6% TO SEK 3,343 (3,144) MILLION - NET INCOME UP 72% TO SEK 141 (82) MILLION - EARNINGS PER SHARE INCREASE TO SEK 2.12 (1.24) SECOND QUARTER HIGHLIGHTS - GROUP NET SALES UP 9% TO SEK 1,772 (1,631) MILLION - TV3 SCANDINAVIA NET SALES UP 13% TO SEK 636 (561) MILLION - GROUP OPERATING INCOME UP 16% TO SEK 184 (159) MILLION - NET INCOME ALMOST DOUBLES TO SEK 119 (61) MILLION - EARNINGS PER SHARE INCREASE TO SEK 1.79 (0.92) - 642,000 DIGITAL PAY-TV SUBSCRIBERS AT END OF REPORTING PERIOD 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 Mia Brunell Chief Financial Officer tel: +46 (0) 8 562 000 50 Matthew Hooper, Investor & Press Enquiries tel: +44 (0) 7768 440 414 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/08/03/20040803BIT20560/wkr0001.pdf The full report