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| Company      Name                   | EffectiveVotingInterest | Jurisdiction      ofOrganization | Type      of Affiliate (1)       |
|-------------------------------------|-------------------------|----------------------------------|----------------------------------|
| Nova      TV d.d.                   | 100.0%                  | Croatia                          | Subsidiary                       |
| Operativna      Kompanija d.o.o.    | 100.0%                  | Croatia                          | Subsidiary                       |
| Media      House d.o.o.             | 100.0%                  | Croatia                          | Subsidiary                       |
| Internet      Dnevnik d.o.o.        | 76.0%                   | Croatia                          | Subsidiary                       |
|                                |                    |                             |                             |
| CME      Media Investments s r.o.   | 100.0%                  | Czech      Republic              | Subsidiary                       |
| VILJA      a.s.                     | 100.0%                  | Czech      Republic              | Subsidiary                       |
| CET      21 spol. s r.o.            | 100.0%                  | Czech      Republic              | Subsidiary                       |
| MEDIA      CAPITOL, a.s.            | 100.0%                  | Czech      Republic              | Subsidiary                       |
| HARTIC      a.s.                    | 100.0%                  | Czech      Republic              | Subsidiary                       |
| Galaxie      sport, s r.o.          | 100.0%                  | Czech      Republic              | Subsidiary                       |
| CME      Slovak Holdings B.V.       | 100.0%                  | Netherlands                      | Subsidiary                       |
|                                |                    |                             |                             |
| CME      Romania B.V.               | 100.0%                  | Netherlands                      | Subsidiary                       |
| Media      Pro International S.A.   | 95.0%                   | Romania                          | Subsidiary                       |
| Media      Vision SRL               | 95.0%                   | Romania                          | Subsidiary                       |
| MPI      Romania B.V.               | 95.0%                   | Netherlands                      | Subsidiary                       |
| Pro      TV S.A.                    | 95.0%                   | Romania                          | Subsidiary                       |
| Sport      Radio TV Media SRL       | 95.0%                   | Romania                          | Subsidiary                       |
| Media      Pro Management S.A.      | 8.7%                    | Romania                          | Cost      investment             |
| Media      Pro B.V.                 | 10.0%                   | Netherlands                      | Cost      investment             |
| Music      Television System S.R.L. | 95.0%                   | Romania                          | Subsidiary                       |
|                                |                    |                             |                             |
| A.R.J.,      a.s.                   | 100.0%                  | Slovak      Republic             | Subsidiary                       |
| Markiza-Slovakia      spol. s r.o.  | 100.0%                  | Slovak      Republic             | Subsidiary                       |
| GAMATEX      spol. s r.o.           | 100.0%                  | Slovak      Republic             | Subsidiary      (in liquidation) |
| A.D.A.M.      a.s.                  | 100.0%                  | Slovak      Republic             | Subsidiary      (in liquidation) |
| Media      Invest, spol s.r.o.      | 100.0%                  | Slovak      Republic             | Subsidiary                       |

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| MMTV      1 d.o.o.                                | 100.0% | Slovenia                  | Subsidiary                                 |
|---------------------------------------------------|--------|---------------------------|--------------------------------------------|
| Produkcija      Plus d.o.o.                       | 100.0% | Slovenia                  | Subsidiary                                 |
| POP      TV d.o.o.                                | 100.0% | Slovenia                  | Subsidiary                                 |
| Kanal      A d.o.o.                               | 100.0% | Slovenia                  | Subsidiary                                 |
| Euro      3 TV d.o.o.                             | 42.0%  | Slovenia                  | Equity-Accounted      Affiliate            |
| Fit      & Fun d.o.o.                         | 100.0% | Slovenia                  | Subsidiary                                 |
|                                              |   |                      |                                       |
| International      Media Services Ltd.            | 60.0%  | Bermuda                   | Subsidiary                                 |
| CME      Ukraine Holding GmbH                     | 100.0% | Austria                   | Subsidiary                                 |
| Innova      Film GmbH                             | 60.0%  | Germany                   | Subsidiary                                 |
| CME      Cyprus Holding Ltd.                      | 100.0% | Cyprus                    | Subsidiary                                 |
| TV      Media Planet Ltd.                         | 60.0%  | Cyprus                    | Subsidiary                                 |
| Foreign      Enterprise “Inter-Media” | 60.0%  | Ukraine                   | Subsidiary                                 |
| Studio      1+1 LLC                               | 60.0%  | Ukraine                   | Consolidated      Variable Interest Entity |
| Ukrainian      Media Services LLC                 | 99.9%  | Ukraine                   | Subsidiary                                 |
| Ukrpromtorg-2003      LLC                         | 65.5%  | Ukraine                   | Subsidiary                                 |
| Gravis      LLC                                   | 60.4%  | Ukraine                   | Subsidiary                                 |
| Delta      JSC                                    | 60.4%  | Ukraine                   | Subsidiary                                 |
| Nart      LLC                                     | 65.5%  | Ukraine                   | Subsidiary                                 |
| TV      Stimul LLC                                | 49.1%  | Ukraine                   | Equity-Accounted      Affiliate            |
| Tor      LLC                                      | 60.4%  | Ukraine                   | Subsidiary                                 |
| Zhysa      LLC                                    | 60.4%  | Ukraine                   | Subsidiary                                 |
|                                              |   |                      |                                       |
| Central      European Media Enterprises N.V.      | 100.0% | Netherlands      Antilles | Subsidiary                                 |
| Central      European Media Enterprises II B.V.   | 100.0% | Netherlands      Antilles | Subsidiary                                 |
| CME      Media Enterprises B.V.                   | 100.0% | Netherlands               | Subsidiary                                 |
| CME      Development Corporation                  | 100.0% | Delaware      (USA)       | Subsidiary                                 |
|                                              |   |                      |                                       |
| CME      SR d.o.o.                                | 100.0% | Serbia                    | Subsidiary                                 |
| CME      Czech Republic II B.V.                   | 100.0% | Netherlands               | Subsidiary                                 |

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