Central European Media Enterprises Receives Approval To Begin Trading on the Prague Stock Exchange

Central European Media Enterprises Receives Approval To Begin Trading on the Prague Stock Exchange

HAMILTON, Bermuda, June 21 /PRNewswire-FirstCall/ -- Central European Media Enterprises Ltd. ("CME") (NASDAQ:CETV) announced today that the Czech Securities Commission has approved the listing particulars prepared in connection with the listing of its Class A Common Shares on the Main Market of the Prague Stock Exchange (PSE). The listing particulars are intended to be published Wednesday, June 22, 2005. The Listing Committee of the PSE approved the CME listing on Friday, June 17, 2005. CME shares are expected to begin trading on the PSE on Monday, June 27, 2005 and to become a part of both major PSE indices PX50 and PX-D as of July 1, 2005. CME will trade on the PSE under the ticker symbol CETV. Ceska sporitelna is the local listing agent. JPMorgan provided advisory services to CME.

Central European Media Enterprises Ltd. (CME) is a TV broadcasting company with leading stations in six Central and Eastern European countries reaching an aggregate of approximately 90 million people. The Company's television stations are located in Croatia (Nova TV), Czech Republic (TV Nova), Romania (PRO TV, Acasa, PRO Cinema), Slovakia (Markiza), Slovenia (POP TV, Kanal A) and Ukraine (Studio 1+1). CME is traded on the Nasdaq under the ticker symbol "CETV".

For additional information, please visit http://www.cetv-net.com/ or contact:

United States:
Jonathan Lesko/ Michael Smargiassi (Investors)
Olga Shmuklyer (Press)
Brainerd Communicators, Inc.
Tel: +1-212-986-6667

United Kingdom:
Wallace Macmillan (Investors)
Vice President Finance & Chief Financial Officer
Tel: +44-20-7430-5430

Source: Central European Media Enterprises Ltd.

CONTACT: United Kingdom: Wallace Macmillan, Vice President Finance &
Chief Financial Officer of Central European Media Enterprises Ltd.,
+44-20-7430-5430; or United States: Jonathan Lesko, Michael Smargiassi, Olga
Shmuklyer, +1-212-986-6667, all of Brainerd Communicators, Inc., all for
Central European Media Enterprises Ltd.

Web site: http://www.cetv-net.com/

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