Stockholm, 26 April 2006 – Modern Times Group MTG AB (“MTG” or “the Group”) (Stockholmsbörsen: MTGA, MTGB) today announced its financial results for the first quarter ended 31 March 2006. The Group’s consolidated accounts have been prepared according to International Financial Reporting Standards (IFRS) as adopted by the European Union. FIRST QUARTER HIGHLIGHTS • Group net sales up 37% to SEK 2,377 (1,738) million • Group operating income more than doubled to SEK 453 (212) million • Double-digit sales growth in all three broadcasting segments - Free-to-air TV Scandinavia, Pay-TV Nordic and Central & Eastern Europe • Viasat Broadcasting net sales up 44% to SEK 1,956 (1,357) million and operating profit up 84% to SEK 458 (249) million • Net income of SEK 305 (501) million (2005 included SEK 389 million net gain from the sale of TV4 shares in 2005) • Basic earnings per share of SEK 4.38 (7.55) Hans-Holger Albrecht, President and CEO, commented: “These operating results are MTG’s best ever for a first quarter. Sales growth of 37% and a more than doubling of operating profits again demonstrated the Group’s ability to balance high growth with increased profitability. The operating margin of 19% in the seasonally weaker first quarter of the year reflected continued growth and earnings improvements in each of our core broadcasting operations. “Our free-to-air assets in Scandinavia delivered a doubling of profits whilst our DTH platform reported another quarter of healthy premium subscriber intake. The Central & East European operations generated continued strong momentum with increased profitability following DTV’s first quarterly profit and the inclusion of the Czech TV Prima business. We remain on track with our strategic objectives and continue to review new investment opportunities in order to deliver enhanced shareholder returns.”