MTG: ​ISSUE AND REPURCHASE OF CLASS C SHARES

June 18 2010

Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international entertainment broadcasting group, today announced that it has issued and immediately repurchased 215,000 new Class C shares. The shares have been issued and repurchased in accordance with the terms of the performance-based incentive programme, which was approved by the MTG Annual General Meeting of shareholders on 17 May 2010.

Nordea Bank AB subscribed for the entire issue of new Class C shares at a subscription price of SEK 5.00 per share. The entire issue of Class C shares has then been repurchased by MTG for SEK 5.00 per share.
The shares were issued in order to enable the future delivery of Class B shares to senior executives participating in the Group’s incentive programme. The Class C shares will be converted into Class B shares prior to delivery to qualifying participants. Class C shareholders are not entitled to dividend payments.
MTG now holds a total of 1,065,000 Class C shares, having previously issued and repurchased 370,000 Class C shares in 2009 and 480,000 Class C shares in 2008 in accordance with the terms of the incentive programmes approved by the 2008 and 2009 MTG Annual General Meetings.

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