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Central European Media Enterprises Ltd. Announces Pricing Of Public Offering Of Common Stock

Forward-Looking and Cautionary Statements

This press release includes statements regarding the offering of shares of Class A common stock and the issuance and sale of Series B Convertible Redeemable Preferred Stock to Time Warner that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. Known material risks, uncertainties and other factors that can affect future results are discussed or incorporated by reference in the prospectus supplement for the Class A common stock offering described herein and periodic reports under the Securities Exchange Act of 1934, as amended, filed by CME from time to time with the SEC. CME undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

CONTACT: For further information, please contact:
         
         David Sach
         Chief Financial Officer
         Central European Media Enterprises
         +420 242 465 525

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