Modern Times Group MTG AB: Conference Call Announcement -- Financial Results for the Period of January - September 2002


STOCKHOLM, Sweden, Oct. 16, 2002 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY) today announced that the conference call is scheduled for Wednesday, October 23, 2002, 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 financial results will be released on Wednesday, 23rd October, at 9 a.m. New York time, 2 p.m. London time, 3 p.m. Stockholm time, and will be available at www.mtg.se, along with a slide presentation including 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.



Modern Times Group MTG AB
Skeppsbron 18, Box 2094, SE-103 13 Stockholm, Sweden
Tel. +46 8 562 000 50
Fax. +46 8 20 50 74 (Publ)
Registration No. 556309-9158 www.mtg.se

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/2002/10/16/20021016BIT00480/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/16/20021016BIT00480/wkr0002.pdf