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Domashny and Peretz Channels Now Available on LG Smart TVs

MOSCOW(7/16/2012) -

CTC Media, Inc. ("CTC Media"
or the "Company") (Nasdaq:CTCM), Russia's leading independent media
company, has announced the successful completion of a joint project
with LG Electronics to launch Domashny and Peretz channel widgets on LG
Smart TVs. The VideoMore.ru portal supplies the video content for the
widgets.

Viewers can now search for and watch all the CTC, Domashny and Peretz
channel content at any time on LG Smart TVs, without the need for any
additional configuration or advanced settings. The catch-ups are
available immediately after the shows have been aired.

The service is automatically available for all owners of LG Smart TVs
produced from 2011 onwards. The CTC Media channel widgets are
pre-installed in the Premium Zone for users' convenience.

The design of the CTC channel widget, which was released on LG Smart
TVs in July 2011, was updated and refined, while the interface has been
made more user-friendly. In addition, program viewing status (how many
of the total number of episodes have been watched) and resume playback
from last position features have been introduced.

Anna-Maria Treneva, CTC Media's Head of New Media: "We see a lot of
potential in the smart TV sector and our joint project with LG is part
of our strategy to increase the CTC Media audience reach in new media.
The launch of the CTC channel widget on LG Smart TVs has proved that
our content is very popular among viewers. One third of all LG Smart TV
owners use the CTC widget. According to usage statistics, the CTC
channel widget was ranked first among TV widgets, and was also among
the Top-5 widgets for LG Smart TVs. The introduction of the Domashny
and Peretz widgets has helped us broaden our audience coverage and
offer viewers more choice."

CTC Media plans to cooperate with other leading television
manufacturers in the future.

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.

The CTC Media, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9587

About LG Electronics

LG Electronics is a world-leading producer of high-tech electronics,
mobile communications devices and household appliances. The company
employs more than 93,000 people in 120 branches around the world. The
LG company consists of the following four divisions: Home
Entertainment, Mobile Communications, Home Appliance and Air
Conditioning & Energy Solution. The company's total sales revenue in
2011 amounted to 54.3 trillion South Korean won (U.S. $49 billion).
Please visit www.LGnewsroom.com for further information.

About LG Electronics Home Entertainment

LG Electronics Home Entertainment is a leading world player on the
flat-screen TV and multimedia player markets both in the consumer and
business segments. LG Electronics Home Entertainment's products include
LCD and plasma TVs, home cinema systems, Blu-ray players, and other
audio and video equipment. The company produces multifunctional,
stylish and high-tech devices, which take home entertainment to a whole
new level.

CTC Media
Editorial Contact:
Ekaterina Ostrova
+ 7 495 783 3650
ir@ctcmedia.ru