FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2004

FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2004 Stockholm, 20 April 2004 - Modern Times Group MTG AB ("MTG") (Stockholmsbörsen: MTGA, MTGB) today announced its financial results for the three months ended 31 March 2004. - GROUP NET SALES UP 4% TO SEK 1,571 (1,513) MILLION - TV3 SCANDINAVIA NET SALES UP 10% TO SEK 487 (442) MILLION - GROUP OPERATING INCOME UP 6% TO SEK 85 (80) MILLION - NET INCOME OF SEK 22 (21) MILLION - EARNINGS PER SHARE OF SEK 0.33 (0.32) - DIGITAL PAY-TV SUBSCRIBER BASE UP TO 637,000 (629,000) For further information, please visit www.mtg.se, email info@mtg.se, or contact: Hans-Holger Albrecht, President & CEO tel: +46 (0) 8 562 000 50 Mia Brunell Chief Financial Officer tel: +46 (0) 8 562 000 50 Matthew Hooper, Investor & Press Enquiries tel: +44 (0) 7768 440 414 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/20/20040420BIT20950/wkr0001.pdf The Full Report