Modern Times Group MTG AB (publ) announced that at the AGM of the company held on May 14, 2013, the company approved the payment of annual ordinary dividend of SEK 10 per share to shareholders as at the record date of May 17, 2013. The dividend payment is expected to be made on May 22, 2013. The company elected Michelle Guthrie as a new member of the Board, until the close of the 2014 Annual General Meeting. At a statutory meeting of the Board of Directors following the Meeting, the Audit and Remuneration Committees were appointed. Simon Duffy was appointed as Chairman of the Audit Committee, with Alexander Izosimov and Lorenzo Grabau appointed as Committee members, and with Michelle Guthrie appointed as a new Committee member. Lorenzo Grabau was appointed as Chairman of the Remuneration Committee, with David Chance and Mia Brunell Livfors appointed as Committee members. The Board also resolved to assign Michael Lynton and Robin Crossley as advisors to the Board, in order to strengthen and deepen the Board's technical and content expertise. Michael Lynton is CEO of Sony Entertainment, Inc, and has been a member of the MTG Board of Directors between 2009 and 2013. Robin Crossley has been Strategic Adviser on Technology at British Sky Broadcasting Group PLC in the UK for the past 12 years, prior to which he was their Digital Development Director for more than 5 years. Robin was also technology adviser to SES S.A. for over 4 years.

Modern Times Group Mtg AB, Board Meeting, May 14, 2013. Agenda: To consider appointment of audit and remuneration committee.

Modern Times Group Mtg AB reported group and parent company earning results for first quarter fiscal year 2013. For the period on group basis, net sales were SEK 3,223 million compared to SEK 3,259 million in the same period last year. Total operating income (EBIT) was SEK 454 million compared to SEK 542 million in the same period last year. Pre-tax profit was SEK 472 million compared to SEK 591 million in the same period last year. Net income was SEK 334 million compared to SEK 454 million in the same period last year and diluted earnings per share was SEK 4.73 compared to SEK 6.66 in the same period last year. Net Cash flow from operations of SEK 77 million compared to SEK 65 million in the same period last year. Group capital expenditure on tangible and intangible assets totaled SEK 47 million against SEK 23 million in the quarter. Return on equity was 30% against 31% a year ago. Net cash position was SEK 17 million against net debt of SEK 733 million in the quarter. Return on capital employed was 32% against 30% a year ago. For the period on parent company basis, net sales were SEK 10 million compared to SEK 14 million in the same period last year. Income before tax and appropriations was SEK 129 million compared to SEK 80 million in the same period last year. Operating loss was SEK 55 million compared to SEK 55 million in the same period last year.