FINANCIAL RESULTS FOR THE PERIOD JANUARY - JUNE 2003 Stockholm, 6 August 2003 - Modern Times Group MTG AB ("MTG") (Stockholmsbörsen: MTGA, MTGB; Nasdaq: MTGNY) today announced its preliminary financial results for the second quarter and first six months ended 30 June 2003. SECOND QUARTER HIGHLIGHTS - GROUP OPERATING INCOME, EXCLUDING NON-RECURRING CAPITAL GAINS LAST YEAR, INCREASED TO SEK 159 (41) MILLION - PRE-TAX PROFIT AMOUNTED TO SEK 104 (53) MILLION - NET SALES UP BY 8% TO SEK 1,631 (1,506) MILLION AND MTG INCREASED ITS MARKET SHARE FOR BOTH RADIO AND TV ADVERTISING IN THE NORDIC REGION - TV3 SCANDINAVIA NET SALES UP 14% YEAR-ON-YEAR TO SEK 561 (492) MILLION - OPERATING INCOME FROM PAY-TV OPERATIONS INCREASED TO SEK 127 (88) MILLION - SWEDISH RADIO OPERATIONS REPORT OPERATING PROFIT 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 Mia Brunell, Chief Financial Officer tel: +46 (0) 8 562 000 50 Matthew Hooper, Investor & Press Relations tel: +44 (0) 20 7321 5010 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/06/20030806BIT00550/wkr0002.pdf The full report