LENS FILES COMPLAINT AGAINST METROMEDIA INTERNATIONAL

Portland, ME, November 30, 2000 – Richard A. Bennett, a Principal of Lens Investment Management, LLC, the shareholder activist organization, has filed a formal complaint against Metromedia International Group, Inc. [AMEX: MMG], the diversified global media company, under Section 220 of Delaware General Corporation Law.

Under Section 220, shareholders have a right to demand access to corporate books and records.  Lens is seeking to inspect the records to determine whether John W. Kluge, Metromedia Chairman, and Stuart Subotnick, Vice-Chairman, President and Chief Executive Officer of Metromedia, have breached their fiduciary duties by engaging in related party transactions or by otherwise unfairly profiting from Metromedia International at the expense of its public shareholders.  Lens has sought access to Metromedia International records, but has been unable to obtain permission from the company.

“It’s unfortunate this action is necessary.  We are simply seeking to exercise our rights as shareholders,” said Richard A. Bennett, Lens’ Chief Activism Officer.  “Metromedia is a very difficult company to analyze and it is important to determine the relationship of company executives to the beneficiaries of transactions with the company.”

Metromedia International Group, Inc. is a global communications and media company operating telephony and television businesses in Eastern Europe, the 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. 

Founded in 1991 by Robert A.G. Monks as an investment management firm, Lens (www.lens-inc.com) was among the first fund managers to take an active role in corporate governance.  Over the past decade, Lens, which no longer operates as an investment manager, but rather as a specialist in investor activism, has succeeded in increasing the value of shareholders’ investment in companies like Scott Paper, American Express, Eastman Kodak and Pioneer Group.

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