MTG: CHANGE IN NUMBER OF SHARES AND VOTING RIGHTS

MTG: CHANGE IN NUMBER OF SHARES AND VOTING RIGHTS

Modern Times Group MTG AB (publ.) (MTG´ or the Group´), the international
entertainment broadcasting group, today announced the issue of 13,333 new Class
B shares as a result of the exercising of warrants in relation to the 2005
incentive programme during September. The total number of Class A shares remains
unchanged at 15,091,426, whilst the total number of Class B shares has increased
from 50,785,616 to 50,798,949 in September. The total number of outstanding
shares is now therefore 65,890,375 shares.

When including the 480,000 newly issued MTG Class C shares held by the Group,
the total number of issued shares now amounts to 66,370,375 shares. The Class C
shares were issued in accordance with the Group's performance-based incentive
programme, which was approved by the Annual General Meeting of shareholders held
on 14 May 2008. Class C shareholders are not entitled to dividend payments.

The total number of voting rights has consequently increased from 201,699,876 to
202,193,209 and the total share capital now amounts to SEK 331,851,875. Each
Class A share holds ten voting rights and each Class B and Class C share is
entitled to one voting right. 

***


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   	


Modern Times Group is a leading international entertainment broadcasting group
with the second largest geographical broadcast footprint in Europe. MTG's Viasat
Broadcasting is the largest free-TV and satellite premium pay-TV operator in
Scandinavia and the Baltics, and also operates channels in the Czech Republic,
Hungary, Slovenia and the Balkans. MTG's TV assets are broadcast in a total of
24 countries and reach over 100 million people. MTG is also the major
shareholder in Russia's largest independent television broadcaster (CTC Media -
Nasdaq: CTCM), and the number one commercial radio operator in the Nordic and
Baltic regions.

Modern Times Group MTG AB class A and B shares are listed on the OMX Nordic
Exchange Large Cap market (‘MTGA' and ‘MTGB').

The information in this announcement is that which Modern Times Group MTG AB is
required to disclose under the Securities Market Act and/or the Financial
Instruments Trading Act. It was released for publication at 18.00 CET on 30
September 2008.