The NASDAQ Stock Market Welcomes CTC Media to its Market

The NASDAQ Stock Market Welcomes CTC Media to its Market

NEW YORK, June 1/PRNewswire-FirstCall/ -- The NASDAQ Stock Market Inc. (NASDAQ(R); NDAQ) is delighted to be
welcoming CTC Media (NASDAQ; CTCM) to its market.

CTC Media, Inc (CTC Media) is one of the largest commercial television
broadcasters in Russia offering entertainment programming. Founded in 1989,
today it operates two free-to-air Russian television networks, CTC and
Domashny, and a number of owned and operated regional television stations
across Russia, which broadcast CTC and Domashny programming.

Bruce Aust, Executive Vice President and Head of NASDAQ's Corporate
Client Group said, "We are excited that CTC Media has chosen NASDAQ as its US
stock market. By listing on NASDAQ it joins industry leaders who value a
transparent marketplace and who seek to redefine their respective industries
through leadership and innovation."

NASDAQ is also pleased to announce that CTC Media will be closing the
market on Friday June 2nd at the NASDAQ Market Site in Times Square, New
York, N.Y.

NASDAQ is the largest U.S. electronic stock market. With approximately
3,200 companies, it lists more companies and, on average, trades more shares
per day than any other U.S. market. It is home to companies that are leaders
across all areas of business including technology, retail, communications,
financial services, transportation, media and biotechnology. NASDAQ is the
primary market for trading NASDAQ-listed stocks. For more information about
NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ
Newsroom at http://www.nasdaq.com/newsroom/.

Source: NASDAQ

Media Contact - Harriet Benson, +44(0)20-7825-5544

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