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Mr Gradevik has been a member of the Board of Directors since July 2002. He joined Modern Times Group MTG AB, an affiliate of one of our principal stockholders, in May 2001 as a business development manager and is currently its director of business development, mainly responsible for mergers and acquisitions as well as international expansion in the television broadcasting sector having, inter alia, managed the execution of MTG�s investments in CTC Media, TV Prima (Czech Republic) and Nordic Betting Ltd. Prior to joining MTG, he was an investment manager at Spray Ventures, a Swedish venture capital firm focusing on the IT sector. From 1998 to 2000, Mr Gradevik worked as an investment banker at Merrill Lynch in London, specializing in mergers and acquisitions. He also previously worked as a diplomat for the Swedish Ministry of Foreign Affairs. | 