MTG COMBINES BULGARIAN BROADCASTING ASSETS INTO SINGLE ENTITY

MTG COMBINES BULGARIAN BROADCASTING ASSETS INTO SINGLE ENTITY

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the international
entertainment broadcasting group, today announced that it has completed the
reorganisation of the ownership of its broadcasting assets in Bulgaria by 
merging all of its Bulgarian holdings into Nova Televizia, following the receipt
of approval from the Bulgarian Commission for the Protection of Competition.

An agreement was signed with Apace Media plc in March 2009 to transfer all of
the assets within jointly owned Balkan Media Group Limited (‘BMGL') into MTG
subsidiary Nova Televizia. MTG now owns 95% of the enlarged Nova Televizia
group, whilst Apace Media plc now holds a 5% minority interest in the combined
entity. MTG had owned 50% of BMGL since March 2007 and completed the acquisition
of 100% of Nova Televizia in October 2008.

The enlarged Nova Televizia group now comprises the Nova TV channel, which is
Bulgaria's second most watched television channel, as well as the Diema, Diema
Family, Diema 2 and MM channels. 

***

For further information, please visit www.mtg.se or contact:

Hans-Holger Albrecht, President & CEO
Tel:       		+46 (0) 8 562 000 50
 
Investor & Analyst Enquiries:
Matthew Hooper: 	+44 (0) 7768 440 414
Email:   		investor.relations@mtg.se 
                                                                                
   
Media Enquiries:
Bert Willborg		+44 (0) 791 2280 850
Email:   		bert.willborg@mtg.se   	


Modern Times Group is a leading international entertainment broadcasting group
with the second largest geographical broadcast footprint in Europe. MTG's Viasat
Broadcasting is the largest free-TV and satellite premium pay-TV operator in
Scandinavia and the Baltics, and also operates free-TV channels in the Czech
Republic, Hungary, Slovenia Bulgaria, Macedonia and Ghana. MTG's TV assets are
broadcast in a total of 30 countries and have 125 million viewers. MTG is also
the major shareholder in Russia's largest independent television broadcaster
(CTC Media - Nasdaq: CTCM), and the number one commercial radio operator in the
Nordic and Baltic regions.

Modern Times Group MTG AB Class A and B shares are listed on Nasdaq OMX
Stockholm's Large Cap market (‘MTGA' and ‘MTGB').


The information in this announcement is that which Modern Times Group MTG AB is
required to disclose under the Securities Market Act and/or the Financial
Instruments Trading Act. It was released for publication at 08.00 CET on 6
August 2009.