X0202 4 2006-12-27 0 0001354513 CTC Media, Inc. CTCM 0001363811 ABH Holdings CORP GENEVA PLACE, 2ND FLOOR 333 WATERFRONT DRIVE, ROAD TOWN, TORTOLA D8 D8 VIRGIN ISLANDS, BRITISH 0 0 1 0 Common Stock 2006-12-27 4 J 0 9167464 D 30381432 I See Footnotes The 9,167,464 shares are owned directly by Alfa CTC Holdings Limited ("Alfa CTC"). ABH Holdings sold Alfa CTC to Alfa Finance Holdings S.A. pursuant to the terms and conditions of a Share Purchase Agreement between ABH Holdings and Alfa Finance Holdings S.A. ABH Holdings did not sell directly the 9,167,464 Shares but sold Alfa CTC, which holds the Shares directly. The purchase price for the sale of Alfa CTC, whose assets include the 9,167,464 Shares, was US$233,953,681.20. The 30,381,432 shares of common stock, par value $0.01 per share of CTC Media, Inc. (the "Shares") are owned directly by Alfa Capital Holdings (Cyprus) Limited ("Alfa Capital Holdings"). Alfa Capital Holdings is a direct wholly owned subsidiary of ABH Financial Limited, which is 100% owned by ABH Holdings Corp. ("ABH Holdings"). /s/ Pavel Nazarian 2006-12-29