13D Filing: TCS Capital Management and Central European Media Enterprises Ltd (CETV)

(b)

1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 14,250,884 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 14,250,884

(c)

TCS GP has not entered into any transactions in the Shares during the past 60 days. The transaction in the Shares on behalf of TCS Global during the past 60 days is set forth on Schedule A and is incorporated herein by reference.

C.

TCS Management

(a)

As of the close of business on July 12, 2017, 65,583 Shares underlying the Warrants were held in the Managed Account. TCS Management, as the investment manager of each of TCS Global and the Managed Account, may be deemed the beneficial owner of the (i) 14,250,884 Shares owned by TCS Global, including 1,113,861 Shares underlying the Warrants and (ii) 65,583 Shares underlying the Warrants held in the Managed Account.

Percentage: Approximately 9.8%

(b)

1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 14,316,467 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 14,316,467

(c)

TCS Management has not entered into any transactions in the Shares during the past 60 days. The transactions in the Shares on behalf of each of TCS Global and the Managed Account are set forth on Schedule A and are incorporated herein by reference.

D.

Mr. Semler

(a)

Mr. Semler, as the managing member of each of TCS GP and TCS Management, may be deemed the beneficial owner of the (i) 14,250,884 Shares owned by TCS Global, including 1,113,861 Shares underlying the Warrants and (ii) 65,583 Shares underlying the Warrants held in the Managed Account.

Percentage: Approximately 9.8%

(b)

1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 14,316,467 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 14,316,467

(c)

Mr. Semler has not entered into any transactions in the Shares during the past 60 days. The transactions in the Shares on behalf of each of TCS Global and the Managed Account are set forth on Schedule A and are incorporated herein by reference.

The Reporting Persons,
as members of a “group” for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, may
be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons.  Each Reporting Person disclaims
beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.