OREANDA-NEWS. November 11, 2013. CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM), Russia’s leading independent media company, announced that Alexander Pentya has joined CTC Media’s Board of Directors, replacing Dmitry Lebedev, who has resigned. Mr. Pentya is one of the three members of the CTC Media Board designated by Telcrest Investments Limited, an affiliate of Bank Rossiya and one of CTC Media’s principal stockholders, pursuant to a stockholders’ agreement among the Company, MTG Russia and Telcrest.

Dmitry Lebedev commented: “I have been honored to serve on the Board of Directors of CTC Media. I continue to believe strongly in the potential of CTC Media, and I wish the company well.”

Lorenzo Grabau, Co-Chairman of CTC Media, commented: “On behalf of the Board of Directors, we would like to thank Dmitry for his contribution to the Company and wish him the very best for the future. We are delighted to welcome Alexander Pentya to the Board. His background and experience will be a valuable contribution to the Board’s work going forward.”