Central European Media Enterprises Culture Company

Mr. Michael Del Nin has been a Co-Chief Executive Officer of Central European Media Enterprises Ltd. since September 16, 2013. Prior to that, Mr. Del Nin served as the Senior Vice President of International and Corporate Strategy at Time Warner Inc. from April 2008 to September 17, 2013, in which capacity he helped drive its global strategy and business development initiatives, with a particular focus on international operations and investments. He served as the Senior Vice President at Time Warner from 2006 to 2008, responsible for Mergers and Acquisitions. Prior to joining Time Warner, Mr. Del Nin served as Senior Vice President, Business Development at New Line Cinema. In that role, he analyzed the economics of the studio's film and television projects while helping to develop and implement New Line's long-term business plan. Prior to joining New Line Cinema, Mr. Del Nin was an Investment Banker in the Media and Entertainment Group at Salomon Smith Barney in New York. Mr. Del Nin served as a Director of Central European Media Enterprises Ltd. from October 2009 to September 15, 2013. Mr. Del Nin holds degrees from the University of New South Wales in Sydney, Australia and Bocconi University in Milan, Italy.

Mr. Daniel Penn has been Secretary of Central European Media Enterprises Ltd. since June 2004 and has been General Counsel since May 2004. Mr. Penn has been Executive Vice President at Central European Media Enterprises since February 2010. Prior to joining Central European Media, he served as General Counsel and Head of Developments/Business Affairs in an internet publishing business and in a multinational telecommunications company. He began his career in private practice with Mayer Brown, where he worked in their offices in New York, London and Tashkent, Uzbekistan. He graduated from Princeton University with a B.A. from the Woodrow Wilson School of Public and International Affairs. He is a Certificate of Achievement in Russian Studies. Mr. Penn holds J.D. from the Columbia University School of Law, where he served as Editor-in-Chief of the Columbia Law Review.

Mr. David Sturgeon has been Chief Financial Officer and Principal Accounting Officer of Central European Media Enterprises Ltd. since June 5, 2014 and since June 2009 respectively. Mr. Sturgeon has been Executive Vice President at Central European Media Enterprises Ltd. since June 5, 2014. He serves as Executive Director of CET 21 spol. s r.o. He served as the Acting Chief Financial Officer of Central European Media Enterprises Ltd. since October 29, 2013 until June 5, 2014. He served as Deputy Chief Financial Officer of Central European Media Enterprises Ltd. since July 2009 until October 29, 2013. Mr. Sturgeon has responsibility for directing Central European's activities in the areas of accounting, financial reporting and analysis, tax, financial systems and processes. He joined the Central European as Group Financial Controller in October 2005, prior to which he was with Equant N.V., a provider of global integrated communications solutions to multi-national corporations listed on the Paris and New York stock exchanges, where he served as Head of Corporate Accounting from 2002. From August 1990 to May 2002, Mr. Sturgeon was a member of Arthur Andersen's Technology, Media and Communications practice, advising clients primarily in the areas of financial reporting and control, corporate finance and capital markets transactions. Mr. Sturgeon graduated from Oxford University with an M.A. in Philosophy, Politics and Economics and is a Chartered Accountant.