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| Company      Name                   | Effective      Voting      Interest | Jurisdiction      of Organization | Type      of Affiliate (1)       |
|-------------------------------------|-------------------------------------|-----------------------------------|----------------------------------|
| Top      Tone Media S.A.            | 80.00%                              | Luxembourg                        | Subsidiary                       |
| Zopal      S.A.                     | 80.00%                              | Luxembourg                        | Subsidiary                       |
| TV      2 EOOD                      | 80.00%                              | Bulgaria                          | Subsidiary                       |
| LG      Consult EOOD                | 80.00%                              | Bulgaria                          | Subsidiary                       |
| Top      Tone Media Bulgaria EOOD   | 80.00%                              | Bulgaria                          | Subsidiary                       |
| Ring      TV EAD                    | 80.00%                              | Bulgaria                          | Subsidiary                       |
|                                |                                |                              |                             |
| Nova      TV d.d.                   | 100.00%                             | Croatia                           | Subsidiary                       |
| Operativna      Kompanija d.o.o.    | 100.00%                             | Croatia                           | Subsidiary                       |
| Media      House d.o.o.             | 100.00%                             | Croatia                           | Subsidiary                       |
| Internet      Dnevnik d.o.o.        | 76.00%                              | Croatia                           | Subsidiary                       |
|                                |                                |                              |                             |
| CET      21 spol. s r.o.            | 100.00%                             | Czech      Republic               | Subsidiary                       |
| MEDIA      CAPITOL, a.s.            | 100.00%                             | Czech      Republic               | Subsidiary                       |
| Jyxo,      s.r.o.                   | 100.00%                             | Czech      Republic               | Subsidiary                       |
| BLOG      Internet, s.r.o.          | 100.00%                             | Czech      Republic               | Subsidiary                       |
| CME      Slovak Holdings B.V.       | 100.00%                             | Netherlands                       | Subsidiary                       |
|                                |                                |                              |                             |
| CME      Romania B.V.               | 100.00%                             | Netherlands                       | Subsidiary                       |
| Media      Pro International S.A.   | 95.00%                              | Romania                           | Subsidiary                       |
| Media      Vision SRL               | 95.00%                              | Romania                           | Subsidiary                       |
| Pro      TV S.A.                    | 95.0543%                            | Romania                           | Subsidiary                       |
| Sport      Radio TV Media SRL       | 95.0434%                            | Romania                           | Subsidiary                       |
| Media      Pro Management S.A.      | 8.70%                               | Romania                           | Cost      Investment             |
| Media      Pro B.V.                 | 10.00%                              | Netherlands                       | Cost      Investment             |
| Music      Television System S.R.L. | 95.0543%                            | Romania                           | Subsidiary                       |
|                                |                                |                              |                             |
| A.R.J.,      a.s.                   | 100.00%                             | Slovak Republic              | Subsidiary                       |
| MARKIZA-SLOVAKIA,      spol. s r.o. | 100.00%                             | Slovak Republic              | Subsidiary                       |
| GAMATEX      spol. s r.o.           | 100.00%                             | Slovak Republic              | Subsidiary      (in liquidation) |

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| A.D.A.M.      a.s.                              | 100.00% | Slovak Republic      | Subsidiary      (in liquidation) |
|-------------------------------------------------|---------|---------------------------|----------------------------------|
| MEDIA      INVEST, spol s r.o.                  | 100.00% | Slovak Republic      | Subsidiary                       |
| EMAIL.SK      s.r.o.                            | 80%     | Slovak Republic      | Subsidiary                       |
| PMT,      s r.o.                                | 31.50%  | Slovak Republic      | Cost      Investment             |
|                                            |    |                      |                             |
| MMTV      1 d.o.o.                              | 100.00% | Slovenia                  | Subsidiary                       |
| Produkcija      Plus d.o.o.                     | 100.00% | Slovenia                  | Subsidiary                       |
| POP      TV d.o.o.                              | 100.00% | Slovenia                  | Subsidiary                       |
| Kanal      A d.o.o.                             | 100.00% | Slovenia                  | Subsidiary                       |
| Euro      3 TV d.o.o.                           | 42.00%  | Slovenia                  | Equity-Accounted      Affiliate  |
| TELEVIDEO      d.o.o.                           | 20.00%  | Slovenia                  | Equity-Accounted      Affiliate  |
|                                            |    |                      |                             |
| International      Media Services Ltd.          | 100.00% | Bermuda                   | Subsidiary                       |
| CME      Ukraine Holding GmbH                   | 100.00% | Austria                   | Subsidiary                       |
| Innova      Film GmbH                           | 100.00% | Germany                   | Subsidiary                       |
| CME      Cyprus Holding Ltd.                    | 100.00% | Cyprus                    | Subsidiary                       |
| Grizard      Investments Limited                | 100.00% | Cyprus                    | Subsidiary                       |
| Grintwood      Investments Limited              | 100.00% | Cyprus                    | Subsidiary                       |
| TV      Media Planet Ltd.                       | 100.00% | Cyprus                    | Subsidiary                       |
| 1+1      Production                             | 100.00% | Ukraine                   | Subsidiary                       |
| Studio      1+1 LLC                             | 100.00% | Ukraine                   | Subsidiary                       |
| Ukrainian      Media Services LLC               | 99.98%  | Ukraine                   | Subsidiary                       |
| Ukrpromtorg-2003      LLC                       | 100.00% | Ukraine                   | Subsidiary                       |
| Gravis-Kino      LLC                            | 100.00% | Ukraine                   | Subsidiary                       |
| Nart      LLC                                   | 100.00% | Ukraine                   | Subsidiary                       |
| TV      Stimul LLC                              | 100.00% | Ukraine                   | Subsidiary                       |
| TOR      LLC                                    | 100.00% | Ukraine                   | Subsidiary                       |
| ZHYSA      LLC                                  | 100.00% | Ukraine                   | Subsidiary                       |
| Glavred-Media      LLC                          | 10.00%  | Ukraine                   | Cost      Investment             |
|                                            |    |                      |                             |
| Central      European Media Enterprises N.V.    | 100.00% | Netherlands      Antilles | Subsidiary                       |
| Central      European Media Enterprises II B.V. | 100.00% | Netherlands      Antilles | Subsidiary                       |
| CME      Media Enterprises B.V.                 | 100.00% | Netherlands               | Subsidiary                       |
| CME      Programming B.V.                       | 100.00% | Netherlands               | Subsidiary                       |
| CME      Ukraine Holding B.V.                   | 100.00% | Netherlands               | Subsidiary                       |
| CME      Development Corporation                | 100.00% | Delaware      (USA)       | Subsidiary                       |
| CME      SR d.o.o.                              | 100.00% | Serbia                    | Subsidiary                       |

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