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Regulatory press release

Buy-back of shares in MTG during week 44, 2023

MTG
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During the period between 30 October and 3 November 2023 Modern Times Group MTG AB (publ) (LEI code 549300E8NDODRSX29339) ("MTG") repurchased, in total, 253,447 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 6,283,278 shares for a maximum amount of SEK 300 million, which MTG announced on 1 September 2023. The share repurchase program, which runs from 4 September 2023 until 31 December 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)

30/10/ 64,762 87.0430 5,637,078.77
2023
31/10/ 56,167 89.0730 5,002,963.19
2023
01/11/ 61,162 89.1204 5,450,781.90
2023
02/11/ 45,239 91.1952 4,125,579.65
2023
03/11/ 26,117 90.9922 2,376,443.29
2023

All acquisitions have been carried out on Nasdaq Stockholm by Kepler Cheuvreux on behalf of MTG. Following the above acquisitions, MTG's holding of own shares as of 3 November 2023 amounts to 2,421,160 class B shares and 6,324,343 class C shares. The total number of shares in MTG amounts to 131,668,727.

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.

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