CME iese din Ucraina si castiga incredere

January 20, 2010, Hamilton, Bermuda

Studio 1+1 group to be sold to Igor Kolomoisky

Hamilton, Bermuda – January 20, 2010 – Central European Media Enterprises Ltd. (“CME”) (Nasdaq/Prague Stock Exchange: CETV) announced today that it has entered into an agreement with Harley Trading Limited, a company beneficially owned by Igor Kolomoisky, to sell 100% of the Studio 1+1 and Kino channels for cash consideration of US$300 million plus an estimated US$19 million to fund cash expenses of the Studio 1+1 group between signing and closing of the transaction. The purchaser will make a payment of US$30 million to CME on February 1, 2010 and the balance of the purchase price will be paid at closing. The transaction is expected to close in the second half of April 2010.

Adrian Sarbu, President and CEO of CME, commented: “The sale of our Ukrainian operations is the best strategic option for CME in the current environment. It will allow us to concentrate on our existing operations in the European Union and EU accession countries. The sale will provide us with greater operational and strategic flexibility, increase our liquidity and sharpen our focus on developing our broadcasting, internet and content business. I look forward to continuing to work with Igor Kolomoisky, who will remain a director and shareholder of CME.”

Igor Kolomoisky, added: “I have been working with CME for three years and I have great respect for their achievements in the Ukrainian market. CME built a strong brand with Studio 1+1 in Ukraine and developed a lot of talent over the last 13 years. I will continue to develop the TV stations successfully managed by CME in the past.”

CME is a vertically integrated media company operating leading broadcasting, internet and TV content businesses in seven Central and Eastern European countries with an aggregate population of approximately 97 million people. CME’s television stations are located in Bulgaria (Pro.bg and Ring.bg), Croatia (Nova TV), Czech Republic (TV Nova, Nova Cinema, Nova Sport and MTV Czech), Romania (PRO TV, PRO TV International, Acasa, PRO Cinema, Sport.ro and MTV Romania), Slovakia (TV Markíza, Doma), Slovenia (POP TV, Kanal A and TV Pika) and Ukraine (Studio 1+1, Studio 1+1 International and Kino). CME is traded on the NASDAQ and the Prague Stock Exchange under the ticker symbol “CETV”.