Modern Times Group: Conference Call Announcement: Financial Results for the Period January - June 2002


STOCKHOLM, Sweden, July 29, 2002 (PRIMEZONE) -- Modern Times Group (Nasdaq:MTGNY), today announced the conference call date for Monday, August 5, 2002 at 11 a.m. (EST -- New York) 4 p.m. (BST -- London) 5 p.m. (CET -- Stockholm)

PRESENTERS:

Hans-Holger Albrecht -- President and Chief Executive Officer

Anders Nilsson -- Chief Operating Officer Mia Brunell - Chief Financial Officer

The results announcement will be released on Monday, 5th August, at 9 a.m. New York time, 2 p.m. London time and 3 p.m. Stockholm time. The announcement will be available at www.mtg.se, together with a slide presentation and an operational results breakdown.

To register for the teleconference or to listen to a recording after the event, please send an email to info@mtg.se or call the investor relations department on +44 20 7321 5010.

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 Stockholmsborsen O-list (symbols: MTGA and MTGB) and ADRs are listed on the NASDAQ National Market (symbol: MTGNY).

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The following files are available for download:

http://www.waymaker.net/bitonline/2002/07/29/20020729BIT00070/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/29/20020729BIT00070/wkr0002.pdf