Press release

PRESS RELEASE The Board of Modern Times Group MTG AB today announced that Pelle Törnberg has been appointed as Chairman of the Board. Stockholm, August 22, 2002 MODERN TIMES GROUP MTG AB ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/08/22/20020822BIT01100/wkr0001.doc http://www.waymaker.net/bitonline/2002/08/22/20020822BIT01100/wkr0002.pdf