MTG reduces shareholding in TV4

May 13 2002

MTG REDUCES SHAREHOLDING IN TV4

Modern Times Group MTG AB, the international media group, today
announced that it is reducing its share holding in TV4 AB by 1 million
shares. MTG’s interest in TV4 is thereby being decreased to 3,020,013
shares, and from 20.1% to 15.1% of the capital.

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

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 (symbol: MTGNY).


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The following files are available for download:
http://www.waymaker.net/bitonline/2002/05/13/20020513BIT00440/wkr0001.doc
http://www.waymaker.net/bitonline/2002/05/13/20020513BIT00440/wkr0002.pdf

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