CTC MEDIA ANNOUNCES CHANGE OF PAYMENT DATE FOR PENDING QUARTERLY DIVIDEND

15.06.2012
Moscow, Russia – June 15, 2012 – CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM), Russia’s leading independent media company, today announced that its pending quarterly dividend will be paid on or about June 29, 2012, rather than June 20, 2012, as previously announced.  There has been no change to the record date or the amount of the dividend; the record date remains June 1, 2012, and the amount is $0.13 per share (or approximately $21 million in the aggregate).


Moscow, Russia – June 15, 2012 – CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM), Russia’s leading independent media company, today announced that its pending quarterly dividend will be paid on or about June 29, 2012, rather than June 20, 2012, as previously announced.  There has been no change to the record date or the amount of the dividend; the record date remains June 1, 2012, and the amount is $0.13 per share (or approximately $21 million in the aggregate).

About CTC Media, Inc.

CTC Media is a leading independent media company in Russia, with operations throughout Russia and in a number of other CIS markets. It operates three free-to-air television networks in Russia – CTC, Domashny and Peretz – as well as Channel 31 in Kazakhstan and a TV company in Moldova, with a combined potential audience of over 150 million people. The international pay-TV version of the CTC channel is available in North America, Europe, North Africa, the Middle East and Central Asia. CTC Media also has its own TV content production capabilities through its Story First Production subsidiary. The Company’s common stock is traded on the NASDAQ Global Select Market under the symbol “CTCM”. For more information about CTC Media, please visit www.ctcmedia.ru.
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For further information, please visit www.ctcmedia.ru or contact:

Investor Relations

Ekaterina Ostrova
+ 7 495 783 3650
or Irina Klimova
+7 495 981 0740
ir@ctcmedia.ru

Media Relations

Victoria Bakaeva
 +7 495 785 6347, ext. 1210
or Anna Zvereva
+7 495 785 63 47, ext. 1212
pr@ctcmedia.ru