X0303 5 2009-12-31 0 0 1 0001354513 CTC Media, Inc. CTCM 0001363431 Petrov Sergey C/O CTC MEDIA, INC. 15A, PRAVDA STREET MOSCOW, 125124 Russia 0 0 0 1 Chief Infrastructure Officer Employee Stock Option (right to buy) 16.80 2009-10-22 4 A 0 L 400000 0 A 2019-10-21 Common Stock 400000 457300 D The option is divided into two equal tranches, tranche A and tranche B. Tranche B is further subdivided into three equal tranches, B-1, B-2 and B-3. The tranche A option vests as to 25% of the shares on October 22, 2010, the first anniversary of the grant date, and as to an additional 6.25% of the shares at the end of each successive three-month period following the first anniversary of the grant date until October 22, 2013, the fourth anniversary of the grant date. The tranche B option is subject to the achievement of performance objectives. The specific performance-based vesting criteria for the tranche B-1, B-2 and B-3 options for 2010, 2011, 2012 and 2013 will be set by the compensation committee of the issuer's Board of Directors by March 31 of each year. /s/ Anna Poutko, Attorney-in-fact 2010-02-16