Central European Media Enterprises Ltd. Reports Results for the 3Q and Nine Months Ended

THIRD QUARTER

- Net revenues increased 1% at actual rates and 7% at constant rates to US$ 138.9 million -

- Operating income increased 39% at actual rates and 49% at constant rates to US$ 30.8 million -

- OIBDA increased 16% at actual rates and 23% at constant rates to US$ 41.4 million -

NINE MONTHS

- Net revenues decreased 1% at actual rates but increased 6% at constant rates to US$ 469.0 million -

- Operating income increased 23% at actual rates and 32% at constant rates to US$ 118.9 million -

- OIBDA increased 16% at actual rates and 24% at constant rates to US$ 152.8 million -

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