MTG REDUCES SHAREHOLDING IN TV4 Modern Times Group MTG AB, the international media group, today announced that it is reducing its share holding in TV4 AB by 1 million shares. MTG's interest in TV4 is thereby being decreased to 3,020,013 shares, and from 20.1% to 15.1% of the capital. 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 Modern Times Group, MTG AB has six business areas: Viasat Broadcasting (Free-to-air and Pay TV channels in nine countries, and the new media businesses - teletext operations and the Everyday interactive TV, internet and mobile portals), Radio (local and national networks in five countries), Publishing (financial news and information services), Modern Interactive (home shopping, e-commerce and logistics), SDI Media (subtitling and dubbing services), and Modern Studios (content production and rights library). Modern Times Group MTG AB's class A and B shares are listed on the Stockholmsbörsen O-list (symbols: MTGA and MTGB) and ADRs are listed on the NASDAQ National Market (symbol: MTGNY). ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/13/20020513BIT00440/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/13/20020513BIT00440/wkr0002.pdf