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Central European Media Enterprises announces results of its offer to repurchase its 8.25% senior notes due 2012
September 11, 2009, Hamilton, Bermuda
Central European Media Enterprises Ltd. (“CME” or the “Company”) (Nasdaq Global Select Market/Prague Stock Exchange: CETV) announced today the results of its tender offer launched on September 7, 2009 to purchase for cash a portion of its 8.25% Senior Notes due 2012 (ISIN:XS0218213816 (Regulations S)) (the “Notes”). The tender offer was open to non-U.S. holders only and expired at 4:00 p.m. London time on September 10, 2009.
The Company has accepted for repurchase valid tenders of its Notes totaling € 63.2 million in aggregate principal amount at a purchase price of € 970 per € 1,000 principal amount. Settlement of the tender is expected to take place on September 21, 2009. On the settlement date, note holders whose Notes have been accepted for repurchase will receive the purchase price (€ 970 for each € 1,000 in principal amount of Notes repurchased) and accrued but unpaid interest on these Notes from (and including) the last interest payment date to (but excluding) September 21, 2009. The Notes repurchased in the offer will be cancelled.
CME is a broadcasting company operating leading networks in seven Central and Eastern European countries with an aggregate population of approximately 97 million people. The company’s television stations are located in Bulgaria (PRO.BG and RING.BG), Croatia (Nova TV), Czech Republic (TV Nova, Nova Cinema and Nova Sport), Romania (PRO TV, PRO TV International, Acasa, PRO Cinema, Sport.ro and MTV Romania), Slovakia (TV Markíza, Doma and Nova Sport), Slovenia (POP TV and Kanal A) 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”.
For additional information, please contact:
Romana Tomasova
Vice President of Corporate Communications
Central European Media Enterprises
Krizeneckeho nam. 1078/5
152 00 Praha 5
Czech Republic
+420 242 465 525
romana.tomasova@cme-net.com
