MTG: Conference Call Financial Results for the First Quarter and Three Months Ended March 31, 2003


STOCKHOLM, Sweden, April 15, 2003 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY) (Stockholm:MTGa):


 Thursday April 24, 2003
 11.00 AM (EST - New York)
 4.00 PM (BST - London)
 5.00 PM (CET - Stockholm)

 PRESENTERS: Hans-Holger Albrecht - President and Chief Executive Officer
             Mia Brunell - Chief Financial Officer
             Andrew Barron - Chief Operating Officer

The financial results will be released on Thursday April 24, 2003 at 9.00am New York time, 2.00pm London time, and 3.00pm Stockholm time. The results announcement will be available at www.mtg.se together with a slide presentation.

Please send an email to info@mtg.se to register for the teleconference. A recording of the telephone conference will also be made available at the company's website.

For further information, please visit www.mtg.se, or telephone +44 20 7321 5010.

Modern Times Group is a leading vertically integrated media group with broadcasting, production, content and media services businesses, operating in more than 30 countries around the world. MTG is the largest Free-and Pay- TV operator in the Nordic & Baltic region, and also has Free-TV operations in Russia and Hungary. MTG is the largest commercial radio broadcaster in Northern Europe, the global market leader in DVD subtitling and dubbing, and a leading international Reality-TV production house.

MTG's 'A' and 'B' shares are traded on the Stockholmsborsen 'O-list' and its 'B' share ADRs are listed on Nasdaq.

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The following files are available for download:

http://www.waymaker.net/bitonline/2003/04/15/20030415BIT00020/wkr0001.doc

http://www.waymaker.net/bitonline/2003/04/15/20030415BIT00020/wkr0002.pdf