MTG RAISES A SEK 800 MILLION STRUCTURED FACILITY Modern Times Group MTG AB has mandated Deutsche Bank to arrange and syndicate a SEK 800 million structured facility for MTG. The general syndication is expected to be launched in early April, 1999. The 5 year facility will be utilized both to refinance existing loans and also to finance the further expansion of MTG. Pelle Törnberg, VD for MTG, says in a comment: "The facility is an important step in the integration of MTG¹s operations, a process which started three years ago. The former financing on a subsidiary-basis has been replaced by a more flexible financing for the group as a whole." MTG has been advised by Banque Invik. For further information, please visit www.mtg.se, or email info@mtg.se or contact: Hans-Holger Albrecht, President & CEO tel: +46 8 562 000 50 Matthew Hooper, Investor & Press Relations tel: +44 20 7321 5010 Modern Times Group MTG AB has seven business areas: Viasat Broadcasting (free-to-air and pay TV channels in nine countries), Radio (seven networks in five countries), New Media (the Everyday interactive TV portal, Internet portal, Mobile portal, and teletext services), 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 library). Modern Times Group MTG AB's class A and B shares are listed on the Stockholmsbörsen O-list (symbols: MTGA and MTGB) and on the Nasdaq National Market in New York (symbol: MTGNY). MODERN TIMES GROUP MTG AB Skeppsbron 18, Box 2094, SE-103 13 Stockholm, Sweden Tel. +46 8 562 000 50 Fax. +46 8 20 50 74 (Publ) Registration No. 556309- 9158 www.mtg.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/07/20040107BIT00350/wkr0001.doc http://www.waymaker.net/bitonline/2004/01/07/20040107BIT00350/wkr0002.pdf