Proposed amendments to Russian Mass Media Law

September 29 2014

Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international entertainment group, notes today’s announcement from CTC Media, Inc., of which MTG owns 38%, regarding proposed amendments to the Russian law “On Mass Media”. The announcement can be found on CTC Media’s website at: http://ctcmedia.ru/press-center/releases/?id=3331#.VClYy_l_sus

MTG is carefully considering the impact of the proposed legislation on both its shareholding in CTC Media and other TV and broadcasting business interests in Russia. MTG is working both through its representation in the Board of CTC Media and independently to evaluate what actions may be taken in order to protect shareholders’ interests, in the event that the law is enacted in its current form.

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