MODERN TIMES GROUP MTG AB FINANCIAL RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2003 Stockholm, 22 October 2003 - Modern Times Group MTG AB ("MTG") (Stockholmsbörsen: MTGA, MTGB; Nasdaq: MTGNY) today announced its preliminary financial results for the third quarter and nine months ended 30 September 2003. NINE MONTHS ENDED 30 SEPTEMBER 2003 · NET SALES UP 7% TO SEK 4,580 (4,293) MILLION · NET INCOME UP MORE THAN FOUR TIMES TO SEK 127 (27) MILLION · EARNINGS PER SHARE OF SEK 1.91 (SEK 0.41) THIRD QUARTER HIGHLIGHTS · NET SALES UP 5% TO SEK 1,436 (1,371) MILLION · EBIT UP TO SEK 54 (-23) MILLION · TV3 SCANDINAVIA NET SALES UP 7% TO SEK 421 (394) MILLION · NUMBER OF DIGITAL PAY-TV SUBSCRIBERS INCREASES TO 599,000 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 Relations tel: +44 (0) 20 7321 5010 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/22/20031022BIT00610/wkr0002.pdf The full report