Central European Media Enterprises to Be Added to the MSCI Czech Republic, Emerging Markets and All Country World Indices

Central European Media Enterprises to Be Added to the MSCI Czech Republic, Emerging Markets and All Country World Indices

HAMILTON, Bermuda, Nov. 17 /PRNewswire-FirstCall/ -- Central European Media Enterprises Ltd. ("CME") (Nasdaq/Prague Stock Exchange: CETV) today announced that it is scheduled to be added to the Morgan Stanley Capital International Inc. (MSCI) Czech Republic, Emerging Markets and All Country World indices as of the market close on November 30, 2005. CME will represent 8.67% weighting of the Czech index.

Michael Garin, CME's Chief Executive Officer, commented: "CME's inclusion in the MSCI Standard Index Series is yet another benefit of our Prague Stock Exchange listing and further enhances our visibility with investors. The weighting reflects the role we play in the Prague Stock Exchange. We view this role very seriously and are proud to take our place alongside the other great Czech companies included in the index."

The MSCI EM (Emerging Markets) Europe, Middle East and Africa Index(SM) is a free float-adjusted market capitalization index that is designed to measure equity market performance in the emerging market countries of Europe, the Middle East & Africa. As of May 2005, the MSCI EM EMEA Index consisted of the following 10 emerging market country indices: Czech Republic, Hungary, Poland, Russia, Turkey, Israel, Jordan, Egypt, Morocco and South Africa.

The MSCI ACWI (All Country World Index) Index(SM) is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global developed and emerging markets. As of May 2005 the MSCI ACWI consisted of the following 49 developed and emerging market country indices: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Korea, Malaysia, Mexico, Morocco, Netherlands, New Zealand, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Russia, Singapore Free, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, the United Kingdom, the United States and Venezuela.

Morgan Stanley Capital International Inc. ("MSCI") is a leading provider of equity (international and US), fixed income and hedge fund indices. MSCI provides global equity indices, which, over the last 30+ years, have become the most widely used international equity benchmarks by institutional investors. MSCI constructs global equity benchmark indices that contribute to the investment process by serving as relevant and accurate performance benchmarks and effective research tools, and as the basis for various investment vehicles. As such, the MSCI Equity Indices are designed to fulfil the investment needs of a wide variety of global institutional market participants. In constructing these indices, MSCI consistently applies its index construction and maintenance methodology across 23 developed and 27 emerging markets. This consistent approach makes it possible to aggregate individual country and industry indices to create meaningful composite, regional, sector and industry benchmarks. Close to 2,000 organizations worldwide currently use the MSCI international equity benchmarks. MSCI estimates that over USD 3 trillion are currently benchmarked to these indices on a worldwide basis.

CME is a TV broadcasting company with leading networks 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, Galaxie Sport), Romania (PRO TV, Acasa, PRO Cinema), Slovakia (Markiza), Slovenia (POP TV, Kanal A) and Ukraine (Studio 1+1). CME is traded on the NASDAQ and the Prague Stock Exchange under the ticker symbol "CETV".

For additional information, please visit www.cetv-net.com

Source: Central European Media Enterprises Ltd.

CONTACT: Romana Tomasova, Director of Corporate Communications of
Central European Media Enterprises, +44-20-7430-5357 or +44-7818-028-619,
romana.tomasova@cme-net.com; or Jonathan Lesko, or Mike Smargiassi
(Investors), or Olga Shmuklyer (Press), all of Brainerd Communicators, Inc.,
+1-212-986-6667

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

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