X0204 3 2011-12-15 1 0001354513 CTC Media, Inc. CTCM 0001538376 Lebedev Dmitry 2A RASTRELLI SQ. ST. PETERSBURG 1Z 191124 RUSSIAN FEDERATION 1 0 0 0 Telcrest Investments Limited ("Telcrest") is the record holder of 39,548,896 shares (the "Shares") of Common Stock, par value $.01 per share, of CTC Media, Inc. (the "Company"). LLC "Mediaset" ("Mediaset") is the record owner of the voting shares of Telcrest, which constitute approximately 27% of the total issued and outstanding shares (of all classes) of Telcrest. BANK "ROSSIYA" ("Rossiya") is the owner of the issued and outstanding shares of Mediaset in part directly and in part through its wholly owned subsidiary, IC Abros. Mr. Lebedev is the Chairman of the Management Board of Rossiya. Mr. Lebedev disclaims beneficial ownership of the Shares for purposes of Rule 16a 1(a)(2) and does not beneficially own any other securities of the Company. /s/ Dmitry Lebedev 2011-12-29