CTC Media Announces Appointment of New Director

CTC Media Announces Appointment of New Director

MOSCOW, December 17/PRNewswire-FirstCall/ -- CTC Media, Inc. (NASDAQ: CTCM), Russia's leading independent media
company, today announced that Mathias Hermansson, Chief Financial Officer of
Modern Times Group MTG AB ("MTG"), has been appointed to the CTC Media's
Board of Directors. MTG is the parent company of MTG Russia AB, which is
CTC Media's largest shareholder with a 39.4% equity stake. Mr. Hermansson
replaces Kaj Gradevik, MTG's Director of Business Development, as one of
MTG Russia AB's three representatives on the CTC Media's Board. According to
the stockholders' agreement between the principal stockholders of the
Company, three members of CTC Media's Board of Directors are designated by
MTG Russia and three by Alfa CTC Holdings Limited, an affiliate of Alfa Bank.

Notes to Editors:

Mathias Hermansson was appointed as Chief Financial Officer of
MTG in March 2006, prior to which he served as Group Financial Controller
between 2001 and 2006 and held various financial positions at MTG's Viasat
Broadcasting, Radio and Internet Retailing businesses. Mr. Hermansson also
served as Finance Director at the North American operations of MTG's former
subsidiary Metro International S.A. and, prior to joining MTG in 1999, worked
for Unilever Sweden.

About CTC Media, Inc.

CTC Media is a leading independent media company in Russia,
with operations throughout Russia and elsewhere in the CIS. It operates three
free-to-air television networks in Russia - CTC, Domashny and DTV, Channel 31
in Kazakhstan and TV companies in Uzbekistan and Moldova. CTC Media also owns
two TV content production companies, Costafilm and Soho Media. The Company's
common stock is traded on The NASDAQ Global Select Market under the symbol
"CTCM". For more information on CTC Media, please visit
http://www.ctcmedia.ru.

For further information, please contact:

Investor Relations
Ekaterina Ostrova
Tel: +7-495-785-6333
ir@ctcmedia.ru

Media Relations
Ekaterina Osadchaya
Angelika Larionova
Tel: +7-495-785-6333
pr@ctcmedia.ru

Source: CTC Media, Inc

For further information, please contact: Investor Relations, Ekaterina Ostrova, Tel: +7-495-785-6333, ir@ctcmedia.ru ; Media Relations, Ekaterina Osadchaya, Angelika Larionova, Tel: +7-495-785-6333, pr@ctcmedia.ru

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