MTG completes the acquisition of Turtle Entertainment

MTG has today completed the acquisition of the shares in Turtle Entertainment,
the world’s largest esports company that operates the well-known ESL brand. MTG
has with this completed all of the three digital acquisitions announced in July
this year, and will now focus on enabling them to expand even faster by
leveraging the benefits from being part of an international digital
entertainment group.
MTG has already closed the acquisitions of Zoomin.TV, the online video
entertainment network, content production and advertising sales house, and
Splay, the number one multi-channel network in Scandinavia.

The management teams will continue driving the development of their respective
businesses, and will also work closely with MTG to find and act on new
opportunities to accelerate MTG’s growth.

“The investments in ESL, Zoomin and Splay are a key part of MTG’s transformation
as a global digital entertainer. They are in line with our strategy is to invest
in relevant, complementary and scalable digital brands, content and communities,
and will enable us to bring our viewers the best entertainment we can across all
of our verticals.”

Jørgen Madsen Lindemann, MTG President and CEO

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MTG (Modern Times Group MTG AB (publ.)) is an international entertainment group.
Our operations span six continents and include TV channels and platforms, online
services, content production businesses and radio stations. We are also the
largest shareholder in CTC Media, which is Russia’s leading independent media
company. Our shares are listed on Nasdaq OMX Stockholm (‘MTGA’ and ‘MTGB’).

The information in this announcement is that which MTG is required to disclose
according to the Securities Market Act and/or the Financial Instruments Trading
Act, and was released at 08.00 CET on 01 September 2015.