CTC MEDIA

CTC Media is the leading Russian independent media company. The group manages four television channels in Russia (CTC, Domashny, Peretz and CTC Love) as well as Channel 31 in Kazakhstan and a TV company in Moldova with combined audience over 150 million viewers. The international version of CTC Channel is available in North America, Europe, Central Asia, Armenia, Georgia, Azerbaijan, the Middle East and Kyrgyzstan. The international version of Peretz is available in Belarus in Kyrgyzstan as well. CTC Media also owns several digital entertainment media assets including videomore.ru, domashniy.ru, ctc.ru and peretz.ru. CTC Media is publicly traded on the NASDAQ Global Select Market under the symbol CTCM. CTC Media is a corporation registered in Delaware (the U.S.) which owns, directly and indirectly, 100% of shares of Russian legal entities whose main business is broadcasting entertainment TV programs in Russia and the CIS. Shareholders of CTC Media include MTG Russia AB (100% of its shares are owned, directly or indirectly, by the Swedish public company Modern Times Group MTG AB), which holds about 39% of the shares of CTC Media; Telcrest Investments Limited (a private company in Cyprus, whose beneficial owners comprise Russian legal entities and individuals), which holds about 25% of the shares of CTC Media; as well as public shareholders including American and European institutional and retail investors holding the remaining approximately 36% of the shares.