X0304 4 2011-11-17 0 0001354513 CTC Media, Inc. CTCM 0001363577 Aven Peter C/O CTC MEDIA, INC. 31A LENINGRADSKY PROSPEKT MOSCOW 1Z 125284 RUSSIAN FEDERATION 1 0 0 0 Common Stock 2011-11-17 4 P 0 155583 9.7327 A 306183 D Common Stock 2011-11-18 4 P 0 8225 9.90 A 314408 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.63 to $9.75. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. /s/ Boris Podolsky, Attorney-in-fact 2011-11-21