MTG Results for Period Ending 30 September 2008

Modern Times Group MTG AB (publ.) (“MTG” or “the Group”) (The OMX Nordic Exchange Large Cap market: MTGA, MTGB) today announced its financial results for the third quarter and nine months ended 30 September 2008.

VIASAT BROADCASTING

Viasat Broadcasting’s net sales were up 14% y-o-y to SEK 2,308 million.

Pay-TV Nordic

Viasat Broadcasting’s pay-TV operations in the Nordic region comprise the Viasat DTH satellite broadcasting platform and 22 Viasat pay-TV channels.

Subscribers:

(000's)                       Q2 2008   Q3 2008
                              -------   -------
Premium                           739       740
  - of which, DTH Satellite       688       679
  - of which, IPTV                 51        61

Basic DTH satellite                82        76

The number of subscribers with ViasatPlus Video recorders increased from 95,000 at the end of the second quarter to 103,000 at the end of the third quarter, and represented 15% of the premium DTH subscriber base.

Pay-TV Emerging Markets – Baltic & Ukraine DTH Satellite Platforms + Wholesale Mini-Pay Business

Subscribers:

(000's)                 Q2 2008   Q3 2008
                        -------   -------
DTH Premium Baltics         179       193
Mini-pay subscriptions   30,202    33,208

More: Earnings Release; Presentation