Contact:
Richard
A. Bennett, Chief Activism Officer, Lens
(207) 775-4296
rbennett@lens-inc.com
Scott
Sunshine or Carol Crane, TowersGroup
(212) 354-5020
scottsunshine@towerspr.com
or carolcrane@towerspr.com
LENS
/ MMG SHAREHOLDER
MEETING DIGITAL REPLAY
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NEW YORK, February 20, 2001 - Lens Investment Management, LLC, the
shareholder activist specialist, held a meeting February 14th for shareholders
of Metromedia International Group, Inc. (AMEX: MMG), the global communications
company founded and chaired by John W. Kluge. The meeting served as a forum for
shareholders to exchange information about the company and to discuss
management's performance and the company's value.
A recording of the meeting can be heard until March 14th by calling 800-475-6701, Access code #571423. The accompanying slide presentation is available on Lens's Web site at: www.lens-inc.com/companies/mmg/mmg.html. Metromedia International Group, Inc. is a global communications and media company operating telephony and television businesses in Eastern Europe, republics of the former Soviet Union and other emerging markets. The company also owns the lawn and garden equipment manufacturer Snapper, which it has called a "non-core" asset. Lens (www.lens-inc.com), founded in 1991 by Robert A.G. Monks as an investment management firm, was among the first fund managers to take an active role in corporate governance. Over the past decade, Lens, which operates no longer as an investment manager, but rather as a specialist in investor activism, has succeeded in increasing the value of shareholders' investment in companies that include Scott Paper, American Express, Eastman Kodak and Pioneer Group. # # #
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