Anna Lyapina

CTC Media, Inc.

CTC Media is the leading independent broadcasting company in Russia. The Group owns and operates the CTC, Domashny and Peretz television channels in Russia, as well Channel 31 in Kazakhstan and a TV company in Moldova, and has more than 150 million people within signal reach. The international pay-TV version of the CTC channel is available in North America, Europe, North Africa, the Middle East, Central Asia, Armenia, Georgia, Azerbaijan and Kyrgyzstan. CTC Media also has its own TV content production facilities through its subsidiary Story First Production. In 2006, CTC Media became a publicly listed company. The company's common stock is traded on the NASDAQ Global Select Market exchange under the symbol "CTCM". CTC Media's largest shareholders include Modern Times Group MTG AB and Telcrest Investments Limited.