Viasat signs agreement with NDS

March 31 2003

Viasat Broadcasting has signed an agreement with NDS Group plc to provide conditional access technology to Viasat’s DTH satellite television platform. Viasat broadcasts ten own-produced and twenty 3rd party pay TV channels direct to homes in the Nordic region (Sweden, Norway, Denmark and Finland) via satellite. The Viasat
platform had 617,000 digital subscribers at the end of 2002 and MTG’s pay TV operations generated operating income of SEK 352 million in 2002.

NDS conditional access secure technology will be included in Viasat packages of set-top boxes and smart cards sold to new subscribers. In addition, Viasat will replace current subscribers’ smart cards with new cards using the NDS VideoGuard technology, and will download new software to subscribers’ set-top boxes. Viasat has already begun the
implementation of the NDS system.

Hans-Holger Albrecht, President and CEO, commented : “MTG and NDS share a combined objective to eliminate piracy. NDS will provide the Viasat platform with the most secure system available. We therefore expect this implementation to substantially reduce digital subscriber churn levels and accelerate Viasat’s digital subscriber acquisition. We will be launching further attractive new subscriber acquisition campaigns this year to emphasize the Viasat platform’s unique content, featuring a strong mix of popular local and international channels as well as interactive applications. Satellite TV remains the principal driver of multi-channel digital TV take-up in Scandinavia”.

NDS Group plc is a News Corporation Company and the leading provider of technology solutions for digital pay-TV operators. NDS is a leading supplier of open end-to-end digital pay-TV solutions for the secure delivery of entertainment and information to both television set-top boxes and IP devices.

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
Matthew Hooper, Investor & Press Enquiries tel: +44 (0) 20 7321 5010

Modern Times Group is a leading vertically integrated media group with
broadcasting, production, content and media services businesses,
operating in more than 30 countries around the world. MTG is the largest
Free-and Pay- TV operator in the Nordic & Baltic region, and also has
Free-TV operations in Russia and Hungary. MTG is the largest commercial
radio broadcaster in Northern Europe, the global market leader in DVD
subtitling and dubbing, and a leading international Reality-TV
production house.

MTG’s ‘A’ and ‘B’ shares are traded on the Stockholmsbörsen ‘O-list’ and
its ‘B’ share ADRs are listed on Nasdaq.

This press release contains certain “forward-looking statements” with
respect to our expectations and plans, strategy, management’s
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