OREANDA-NEWS. On July 12, 2007 CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent television broadcaster, announced it has qualified for the NASDAQ Global Select Market as the result of meeting NASDAQ's most stringent listing standards, reported the press-centre of CTC Media.

The Company's common stock will be transferred to the Global Select Market at the opening of business Thursday July 12, 2007, and will trade under the same symbol, CTCM. CTC Media's common stock was previously listed on the NASDAQ Global Market prior to the upgrade.

"We are pleased to have achieved NASDAQ's highest listing standards, which enables our shares to be traded alongside NASDAQ's top-tier companies," said Alexander Rodnyansky, President and Chief Executive Officer. "Our selection to the highest tier of all NASDAQ-listed companies highlights our commitment to corporate governance and our strong financial position. We expect our inclusion will increase CTC Media's market visibility as we continue to execute our growth strategy."

Companies listed on the NASDAQ Global Select Market must meet financial and liquidity requirements higher than those of any other NASDAQ market. The Global Select Market tier incorporates NASDAQ's world-class corporate governance standards and helps to support areas of communication, visibility, management and board support. For additional information about the NASDAQ Global Select Market, please visit http://www.nasdaq.com/GlobalSelect.