Central European Media Enterprises Files Effective Secondary Registration Statement

Central European Media Enterprises Files Effective Secondary Registration Statement

HAMILTON, Bermuda, June 20 /PRNewswire-FirstCall/ -- Central European Media Enterprises Ltd. ("CME") (Nasdaq/Prague Stock Exchange: CETV) announced that it has today filed an automatic shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission. The registration statement registers the resale of shares of CME's Class A common stock issuable upon conversion of CME's 3.50% Senior Convertible Notes due 2013 ("the Notes"). The automatic shelf registration statement on Form S-3 became effective upon filing with the SEC. CME's initial issuance of the Notes, in aggregate principal amount of $475,000,000 was completed in March, 2008 in a private placement pursuant to Rule 144A of the Securities Act of 1933, as amended.

The Notes will become convertible on or after December 15, 2012, or prior to that date only under certain circumstances, and upon conversion CME may elect to deliver either (i) shares of Class A common stock or (ii) cash and, if applicable, shares of Class A common stock.

A copy of the prospectus, when available, may be obtained from CME at Aldwych House, 81 Aldwych London, WC2B 4HN, England; Attention: CME Development Corporation. The registration statement was filed on behalf of the selling security holders, and CME will not receive any proceeds from the resale of the underlying shares of common stock.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

CME is a TV broadcasting company operating leading networks in six Central and Eastern European countries with an aggregate population of approximately 90 million people. The company's television stations are located in Croatia (Nova TV), Czech Republic (TV Nova, Nova Cinema, Galaxie Sport), Romania (PRO TV, PRO TV International, Acasa, PRO Cinema, Sport.ro and MTV Romania), Slovakia (TV Markiza, Galaxie Sport), Slovenia (POP TV, Kanal A) and Ukraine (Studio 1+1, Studio 1+1 International, Kino, Citi). CME is traded on the NASDAQ and the Prague Stock Exchange under the ticker symbol "CETV."

Forward-Looking Statements

This press release contains certain forward-looking statements regarding future business opportunities. Statements that include the words "intend", "will" and similar statements of a future or forward-looking nature identify forward-looking statements in this press release for purposes of the U.S. federal securities laws or otherwise. For these statements and all other forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy or are otherwise beyond our control, including future investments in television broadcast operations in Ukraine and elsewhere, our ability to obtain additional external sources of capital and the volatility of the share price of our Class A common stock, and some of which might not even be anticipated. Forward-looking statements speak only as of the date on which they are made, and CME does not undertake any obligation publicly to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

First Call Analyst:
FCMN Contact:

Source: Central European Media Enterprises Ltd.

CONTACT: Romana Tomasova, Director of Corporate Communications, Central
European Media Enterprises, +44-20-7430-5357, romana.tomasova@cme-net.com

Web site:

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

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