NEW MEMBER PROPOSED TO MTG BOARD OF DIRECTORS

NEW MEMBER PROPOSED TO MTG BOARD OF DIRECTORS

In advance of the Modern Times Group MTG AB (publ.) (“MTG” or “the Group”)
Annual General Meeting of shareholders to be held on 11 May 2009, the MTG
Nomination Committee, comprised of representatives of AMF Pension, Emesco AB,
Investment AB Kinnevik, Nordea Fonder and Swedbank Robur Fonder, will propose
the re-election of Asger Aamund, Mia Brunell Livfors, David Chance, Simon Duffy,
Alexander Izosimov, David Marcus and Cristina Stenbeck as non-executive Board
Directors. The committee also proposes the election of Michael Lynton as a new
MTG non-executive Board Director. Pelle Törnberg will not stand for re-election
at the upcoming AGM.

Michael Lynton became Chairman and Chief Executive Officer of Sony Pictures
Entertainment in January 2004. He manages Sony Pictures' overall global
operations, which include motion picture, television and digital content
production and distribution, worldwide television channel investments and the
development of new entertainment products, services and technologies. Prior to
joining Sony Pictures, Mr. Lynton worked for Time Warner and served as CEO of
AOL Europe, President of AOL International and President of Time Warner
International. During his tenure, AOL expanded into Asia and Latin America and
became the world's largest online internet service, operating in 17 countries
and eight languages. From 1996 to 2000, Mr. Lynton served as Chairman and CEO of
Pearson plc's Penguin Group, where he oversaw the acquisition of Putnam, Inc.
and extended the Penguin brand to music and the internet. Mr. Lynton joined The
Walt Disney Company in 1987, was responsible for starting Disney Publishing and
served as President of Disney's division Hollywood Pictures from 1992 to 1996.  

Cristina Stenbeck, Chairman of the Nomination Committee, commented: “We are very
pleased to propose Michael Lynton as a new non-executive Board Director. Mr.
Lynton brings over 20 years of experience from leading global media companies
within a wide range of areas, including motion pictures, television, digital
content production and distribution. His track record and long history within
the industry and his experience from venturing both into new entertainment areas
and products, as well as into new markets, will be an important knowledge
platform for MTG to leverage. We really look forward to welcoming Mr. Lynton to
the Board this spring.”

“The Nomination Committee would also like to express its gratitude to Pelle
Törnberg for his extensive contribution to the Board's work. Mr. Törnberg has
been on the MTG board since 2000. He was also MTG's first CEO prior to 2000 and
as such he was central in establishing and launching a wide range of media
companies which became the foundation of MTG. During the last 17 years he has
played an important role in MTG's development into the leading entertainment
broadcasting group that it is today, and for that we thank him.” 


***


For further information, please visit www.mtg.se, email
investor.relations@mtg.se, or contact:

Hans-Holger Albrecht, President & CEO
Tel:       		+46 (0) 8 562 000 50
Investor & Analyst Enquiries:
Matthew Hooper: 	+44 (0) 7768 440 414
Oscar Hyléen:		+46 (0) 707 620 024
Email:   		investor.relations@mtg.se 
Press Enquiries:
Bert Willborg		+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 free-TV channels in the Czech
Republic, Hungary, Slovenia Bulgaria, Macedonia and Ghana. MTG's TV assets are
broadcast in a total of 29 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 08.00 CET on 18
February, 2009.