| Related party |
| Investment AB Kinnevik (Kinnevik) |
Kinnevik holds shares in Modern Times Group MTG AB. |
| Tele2 AB (Tele2) |
Related parties to MTG hold a significant amount of shares in Tele2. |
| Metro International S.A. (Metro) |
Related parties to MTG holds shares in Metro. |
| Millicom International Cellular S.A. (Millicom) |
Related parties to MTG hold a significant amount of shares in Millicom. |
| Transcom WorldWide S.A. (Transcom) |
Related parties to MTG hold a significant amount of shares in Transcom. |
| AVI Audit Value International (Audit Value) |
Related parties to MTG hold a significant amount of shares in Audit Value. |
| CTC Media, Inc. (CTC) |
MTG holds a significant amount of shares in CTC Media. |
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| The Group has related party relationship with its subsidiaries, joint ventures and associated companies (see note 12). |
| The transactions between the different parties are based on market prices negotiated on arm's-length basis. |
| Business agreements with related parties |
| The Group sells advertising to Tele2 and Metro. Metro rents office space from the Group from 1 January 2010. |
| The Group rents office space from Kinnevik. |
| The Group purchases credit management services, customer service and telemarketing services from Transcom. |
| The Group purchases tele and data communication services from Tele2 and technical consulting and services through their subsidiary Datametrix, Tele2Vision, and offers its customers the MTG TV-channels through their cable network. |
| The Group purchases advertising from Metro. |
| The Group purchases internal audit services from Audit Value. |
| The Group sold programme rights to CTC Media as part of the DTV transaction in 2008. |
| Other transactions |
| In 2009, the parent company has invested in subordinated debentures and warrants in Metro at market conditions through a public offering. |