Interim Report 1999 January 1- June 30, 1999

MODERN TIMES GROUP MTG AB (@MTG@) Interim Report 1999 January 1-June 30, 1999 Modern Times Group MTG AB (@MTG@) (Nasdaq: MTGNY, Stockholm Stock Exchange: MTG) presents its accounts for the first six months of 1999 today, August 16, 1999. SUMMARY * Sales advanced 25%, to SEK 2,269 (1,809) million. * Operating profit after depreciation and amortization rose SEK 166 million, to SEK 182 million, excluding capital gains of SEK 50 million and the share of profits in HSS which was divested in 1998. * Operating profit after financial revenue and expense rose SEK 133 million, to SEK 142 million, similarly adjusted. * Metro was awarded distribution contracts in Malmö, Helsinki, Philadelphia, and Santiago. * The Internet portal Everyday.com was announced. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/08/16/19990816BIT00410/bit0001.doc The full report http://www.bit.se/bitonline/1999/08/16/19990816BIT00410/bit0002.pdf The full report

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MTG (Modern Times Group MTG AB (publ.)) is a leading international digital entertainment group and we are shaping the future of entertainment by connecting consumers with the content that they love in as many ways as possible. Our popular entertainment brands span Content Production, TV, Radio and eSports, and are available around the world. Born in Sweden, our shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’).

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