MTG: RECLASSIFICATION OF CLASS A SHARES INTO CLASS B SHARES

MTG: RECLASSIFICATION OF CLASS A SHARES INTO CLASS B SHARES

Stockholm
August 29, 2008
18.00 CEST
Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international entertainment broadcasting group, today announced that, following the reclassification of a total of 111,953 MTG Class A shares into MTG Class B shares, the total number of Class A shares has decreased to 15,091,426 and the total number of Class B shares has increased to 50,785,616 in August. The total number of issued and outstanding MTG shares is unchanged and amounts to 65,877,042. As a result of the reclassification, the total number of voting rights in MTG is now 201,699,876 and the total share capital amounts to SEK 329,385,210. Each class A share holds ten voting rights and each class B share is entitled to one voting right. Shareholders may request a reclassification of some or all of their MTG Class A shares into MTG Class B shares in January and July each year. ***

For further information, please visit www.mtg.se or contact:

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

Investor & Analyst Enquiries
Matthew Hooper / Oscar Hyléen
Tel: +44 (0) 7768 440 414 / +46 (0) 707 620 024
Email: investor.relations@mtg.se

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

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