Metromedia International Group Inc. Announces Continued Delay in Filing its 2004 Annual Report on Form 10-K and Expects Delay in filing its First Quarter 2005 Quarterly Report on Form 10-Q.

CHARLOTTE, N.C. -- Metromedia International Group, Inc. (the "Company" or "MIG"), currently traded as: (OTCBB: MTRME) Common Stock and (PINK SHEETS: MTRMP) - Preferred Stock, the owner of interests in various communications and media businesses in the countries of Russia and Georgia, today announced that the Company has still been unable to fully complete the preparation of its consolidated financial statements and footnote disclosures for the annual audit of the Company, as required for the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2004 (the "Form 10-K"). The Company believes that it will file the Form 10-K with the United States Securities and Exchange Commission ("SEC") no later than June 3, 2005, the required filing date in order for the Company to avoid an event of default under the indenture (the "Indenture") governing the Company's 10 1/2 % Senior Notes Due 2007 ("Senior Notes"). If such an event of default were to occur, the trustee or holders of at least 25% of the aggregate principal amount of the Senior Notes outstanding could declare all Senior Notes to be due and payable immediately, and should that happen, the Company would not have sufficient corporate cash to meet this obligation.

The Company also announced today that it does not expect that it will file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2005 (the "Form 10-Q") with the SEC by May 16, 2005, the required date in order for the Form 10-Q to be timely filed. The delay in filing the Form 10-Q is attributable to the additional effort and time that has been required for the Company to prepare and finalize the Form 10-K and for the finance teams of the Company's PeterStar and Magticom business ventures to prepare, finalize and submit the final first quarter US GAAP financial results for PeterStar and Magticom, respectively, to the Company's corporate finance team. As a result of the delay in the filing of the Form 10-K and the delay in the receipt of the PeterStar and Magticom first quarter US GAAP financial results, the Company's corporate finance team has not been able to begin the review and analysis of the PeterStar and Magticom first quarter financial results, and as such, has not been able to finalize the Company's consolidated financial statements and management's discussion and analysis of the Company's financial condition and results of operations. At present, the Company is uncertain as to when it will complete the filing of the Form 10-Q with the SEC, but anticipates filing the Form 10-Q by June 30, 2005.

Finally, the Company announced today that on April 20, 2005 the OTCBB trading system appended the Company's common stock trading symbol by adding an "E" modifier due to the Company's delinquency in filing the Form 10-K and that, as reported on the OTCBB website, the Company has a grace period until May 20, 2005 to file the Form 10-K and avoid having the Company's common stock become ineligible for trading on the OTCBB. If the Company's common stock becomes ineligible for trading on the OTCBB, it is expected that the Company's common stock will be traded only in the Pink Sheets.

The Company cannot at this time provide any further guidance as to when either the Form 10-K or Form 10-Q will be filed with the SEC or when the annual audited financial statements and first quarter 2005 unaudited financial statements will be completed.

The Company has also failed to timely file with the SEC the financial information of Magticom required under Item 9.01(a) and (b) of Form 8-K in respect of the Company's purchase of an additional interest in Magticom, as previously announced by the Company in a press release dated February 15, 2005. The Company will file such financial information by amending the Company's February 17, 2005 Form 8-K on or around the date the Company files its Form 10-K.

About Metromedia International Group

Through its wholly owned subsidiaries, the Company owns interests in communications businesses in the countries of Russia and Georgia. Since the first quarter of 2003, the Company has focused its principal attentions on the continued development of its core telephony businesses, and has substantially completed a program of gradual divestiture of its non-core cable television and radio broadcast businesses. The Company's core telephony businesses include PeterStar, the leading competitive local exchange carrier in St. Petersburg, Russia, and Magticom, Ltd., the leading mobile telephony operator in Tbilisi, Georgia.

This news release contains certain forward-looking statements that involve risks and uncertainties, including in particular those regarding the Company's ability to complete its 2004 annual audit, file with the SEC its 2004 Form 10-K, the Company's ability to file with the SEC its first quarter 2005 Form 10-Q and meet its future SEC public filing and reporting requirements. Various other factors beyond the Company's control could cause or contribute to such risks and uncertainties. This also includes such factors as are described from time to time in the SEC reports filed by the Company, including the Current Annual Report on Form 10-K for the year ended December 31, 2003, the Company's Form 10-Q for the fiscal quarters ended March 31, 2004, June 30, 2004 and September 30, 2004 and its most recently filed Form 8-K reports (dated October 19, 2004, November 4, 2004, November 16, 2004, November 22, 2004 and December 9, 2004, January 6, 2005, February 9, 2005, February 17, 2005, March 9, 2005, March 23, 2005, April 19, 2005 and April 20, 2005). The Company is not under, and expressly disclaims any, obligation to update the information in this news release for any future events.

Additional Information and Where to Find It

Please visit our website at www.metromedia-group.com.