INTERIM REPORT FOR THE FIRST QUARTER OF 2000 Modern Times Group MTG AB (Nasdaq: MTGNY) announces the results of operations for the first quarter of 2000 today, Monday May 8, 2000. * OPERATING INCOME AFTER DEPRECIATION AND AMORTIZATION IMPROVED 284%, TO SEK 183 MILLION INCLUDING CAPITAL GAINS. RECURRING OPERATING INCOME ROSE 63%, TO SEK 77 MILLION. * THE ROLL-OUT OF DIGITAL TELEVISION BEGINS. * A NEW BRITISH TV CHANNEL FOR E-COMMERCE WAS LAUNCHED. * THE BOARD OF DIRECTORS HAS PROPOSED THAT THE ANNUAL MEETING OF SHAREHOLDERS APPROVE THE DISTRIBUTION OF METRO. * SDI MEDIA AND MODERN STUDIOS BECAME NEW BUSINESS AREAS. * MODERN INTERACTIVE SHARPENED THE FOCUS ON INTERACTIVE SERVICES. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/08/20000508BIT00950/bit0001.doc The full report http://www.bit.se/bitonline/2000/05/08/20000508BIT00950/bit0002.pdf The full report