MTG SECURES NEW SEK 6,500 MILLION REVOLVING CREDIT FACILITY

MTG SECURES NEW SEK 6,500 MILLION REVOLVING CREDIT FACILITY

Modern Times Group MTG AB (publ.) (‘MTG' or ‘the Group'), the
international entertainment broadcasting group, today announced the
successful arrangement of a new SEK 6,500 million five year revolving
multi-currency credit facility, which will replace the Group's existing
borrowing facilities. The new facility is unsecured and there are no
required amortisations.

The facility was self-arranged and has been provided by a group of eight
leading international banks - DnB NOR Bank ASA, Svenska Handelsbanken AB
(publ), ING Bank N.V, Merchant Banking, Skandinaviska Enskilda Banken AB
(publ), Nordea Bank AB (publ) and Swedbank AB (publ) as Mandated Lead
Arrangers, and with BNP Paribas SA and Crédit Agricole Corporate and
Investment Bank as Arrangers. Nordea Bank AB acts as Facility and
Documentation Agent in the transaction.

The new facility replaces the Group's existing SEK 3,500 million
multi-currency credit facility, which was due in February 2011, and the
SEK 3,000 million term loan, which was due in April 2012.

The Group had net debt of SEK 3,031 million as at the last reported
balance sheet date of 30 September 2010, which was equivalent to 1.1
times the Group's trailing twelve month EBITDA.

Mathias Hermansson, Chief Financial Officer, commented: “We are
delighted to have been able to successfully arrange new long-term
financing for the Group at attractive pricing levels, which reflects our
operating performance and track record. The facility was oversubscribed
and we are very pleased to have received such strong support from our
existing relationship banks and to start new relationships with two new
banks. The facility will enable us to continue to invest in future
growth and to build our market positions for the future.”

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For further information, please visit www.mtg.se (http://www.mtg.se/) or
contact:

Hans-Holger Albrecht, President & CEO
Tel: +46 (0) 8 562 000 50 

Investor & Analyst Enquiries:
Matthew Hooper
Tel: +44 (0) 7768 440 414
Email: investor.relations@mtg.se (investor.relations@mtg.se) 

Media Enquiries:
Bert Willborg
Tel: +44 (0) 791 2280 850
Email: bert.willborg@mtg.se (bert.willborg@mtg.se)