Central European Media Enterprises Acquires Remaining Minority Interest in TV Markiza in the Slovak Republic

Central European Media Enterprises Acquires Remaining Minority Interest in TV Markiza in the Slovak Republic

HAMILTON, Bermuda, July 13 /PRNewswire-FirstCall/ -- Central European Media Enterprises Ltd. ("CME") (Nasdaq/Prague Stock Exchange: CETV) today announced that it has acquired the remaining 20% minority interest in TV Markiza in the Slovak Republic. As a result of this transaction, CME will own 100% of its Slovak operations. The total consideration is SKK 1.9 billion (approximately US$ 79 million).

Michael Garin, CME's Chief Executive Officer, commented: "Increasing ownership in our core stations remains a key strategic objective for CME. TV Markiza is an outstanding asset and I am pleased we have achieved another significant step in the execution of our strategy. As in all our stations, we will continue to actively support and develop local participation in the management of the company. We strongly believe that the strength of our Slovak management is a key factor in our ongoing success in the Slovak market."

Launched in 1996, TV Markiza is the most popular and leading national broadcaster in the Slovak Republic, reaching 97% of the population with an all-day audience share of 34.3% in the first six months of 2007.

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, Galaxie Sport), Romania (PRO TV, PRO TV International, Acasa, PRO Cinema and Sport.ro), Slovakia (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 forward-looking statements, including statements regarding the expected completion of the transaction, the future performance of the station and our business strategies and commitments. 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 and some of which might not even be anticipated. Future events and actual results, affecting our strategic plan as well as our financial position, results of operations and cash flows, could differ materially from those described in or contemplated by the forward-looking statements. Important factors that contribute to such risks include, but are not limited to, the general regulatory environments where we operate and application of relevant laws and regulations, the renewals of broadcasting licenses, our ability to implement strategies regarding sales and multi-channel distribution, the rate of development of advertising markets in countries where we operate, our ability to acquire necessary programming and the ability to attract audiences, our ability to obtain additional frequencies and licenses, and general market and economic conditions in these countries as well as in the United States and Western Europe.

For further information visit: http://www.cetv-net.com/,

CONTACT: Romana Tomasova, Director of Corporate Communications of
Central European Media Enterprises, +44

Source: Central European Media Enterprises Ltd.

---

Profile: International Entertainment