China Digital TV Announces New Date of Dividend Payment

China Digital TV Holding Co., Ltd.

today announced that the payment of a special cash dividend (the "Dividend") to its shareholders, initially scheduled to be made on or around December 30, 2011, has received regulatory approval by the foreign exchange authority in China for the repatriation of U.S. dollars. The Company will transfer the dividend payment on April 6, 2012 to its eligible shareholders, among whom American Depositary Receipt (

) holders will receive the dividend payment approximately seven business days after the transfer in accordance with the ADR bank distribution process. On May 20, 2011, the Company announced a special cash dividend of US$0.56 per share on the Company's ordinary shares, par value US$0.0005 per share. Shareholders of record, including holders of the Company's American Depository Shares ("ADSs"), as of the close of business on June 20, 2011, U.S. Eastern Daylight Time, are eligible to receive the Dividend. The record date for the Dividend is not affected by the new payment date. The total amount of the Dividend is US$33.421 million.