Buy-back of shares in MTG during week 4, 2023

During the period between 23 January to 27 January 2023 Modern Times Group MTG AB (publ) (LEI code 549300E8NDODRSX29339) ("MTG") repurchased, in total, 160,541 own class B shares (ISIN code SE0018012494) under the share repurchase program initiated by the Board of Directors to deliver shareholder value and to optimize the capital structure of the company.

The share buy-backs form a part of the share repurchase program of a maximum of 4,618,818 shares for a maximum amount of SEK 400 million, which MTG announced on 25 October 2022. The share repurchase program, which runs from 27 October 2022 up and until the Annual General Meeting 2023, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation"). The objectives of the share buy-backs are to deliver shareholder value and to optimize the capital structure of the company. The intention is to reduce MTG's share capital through subsequent share cancellations.

Class B shares in MTG have been repurchased (in SEK) as follows:

Date Aggregated daily Weighted average Total daily
volume (number of share price per day transaction value
shares) (SEK) (SEK)

23/01/ 35,000 85.6961 2,999,361.83
2023
24/01/ 35,000 87.2057 3,052,198.25
2023
25/01/ 29,932 88.0779 2,636,346.42
2023
26/01/ 35,068 91.1977 3,198,119.97
2023
27/01/ 25,541 92.7937 2,370,044.49
2023

All acquisitions have been carried out on Nasdaq Stockholm by Nordea Bank Abp on behalf of MTG. Following the above acquisitions, MTG's holding of own shares as of 27 January 2023 amounts to 4,650,974 class B shares and 6,324,343 class C shares. The total number of shares in MTG amounts to 134,035,940.

A full breakdown of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this announcement.

For more information:

Anton Gourman, VP Communications and IR
Direct: +46 73 661 8488, anton.gourman@mtg.com (oliver.carra@mtg.com)

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