(EROS.L) Eros International PLC Buy/Sell

RNS Number : 8686B Eros International PLC 04 November 2009

Eros International Plc ("Eros")

EROS CONCLUDES MULTI-FILM TELEVISION SYNDICATION DEALS WITH STAR TV AND OTHER LEADING TV NETWORKS ACROSS ASIA

Eros International plc, a leading media and entertainment company within the Indian media and entertainment sector, announced today that it has concluded another multi-film content syndication deal with Rupert Murdoch owned Star Network, one of the leading entertainment channel networks in India. Eros also announced television syndication deals with other networks in Asia namely, CCTV China, Vietnam TV, Astro TV & RTM TV Malaysia, IRIB TV Iran, Media Corp TV Singapore and MBC TV Dubai.

The deal with Star comprises of a package of films from the Eros library, new and old, including the magical extravaganza Aladin starring Amitabh Bachchan, Riteish Deshmukh, Sanjay Dutt and Jacqueline Fernandes. Aladin showcases special effects created and supervised by Charles Darby of Eros' EyeQube VFX Studios.

Sameer Rao, General Manager Star Gold said, "We are pleased to have acquired the satellite rights for the various films as well as Aladin from Eros International. We believe that these titles with their strong combination of story, cast and production values will be thoroughly enjoyed by our family audiences worldwide. For us, this represents yet another significant deal in our continuing and fruitful business relationship with Eros International."

Pranab Kapadia, President - Distribution, Eros, said: "Further strengthening the association between Eros and Star, which are both leading players in the Indian entertainment domain, we are delighted to see our films being showcased on one of the largest network of Asian TV Channels and have no doubt this invaluable content will deliver consistent viewership for Star. Once again consistent with our strategy, we have executed a combination of pre-sales with Aladin and some recent and catalogue films to make an attractive package for Star."

The deal with other TV networks in Asia encompasses both new and catalogue films highlighting the growing demand of Indian Film content across the globe not just targeted to expatriate Indians but to local audiences in that country with the films dubbed or subtitled in their local languages.

Kumar Ahuja, Senior Vice-President Business Development, Eros, said: "With the strength of Eros' library of new and classic Blockbuster films, we have inked multi-film syndication deals across TV networks in Asia. We are working closely with our partners in these markets to develop them further and reach out to our audiences in every corner of the globe."

4 November 2009

Enquiries:

Eros International plc 020 8963 8400

Kishore Lulla / Jyoti Deshpande / Andrew Heffernan

Evolution Securities Limited 020 7071 4300

Jeremy Ellis / Chris Clarke

About Eros International plc

Eros International is a leading media and entertainment company in the rapidly growing Indian media and entertainment sector, involved in the production, acquisition and distribution of filmed entertainment content across current and emerging formats including cinemas, home entertainment, television and new media.

Established in 1977, the Eros group has over three decades of market leadership in creating a global platform for Indian cinema. A globally recognised brand, extensive distribution network and a library of over 1,900 films provide Eros with a unique market position. In 2006 Eros became the first Indian media company to list on the AIM market of the London Stock Exchange. Eros International operates in 5 continents and over 50 countries with diversified assets and worldwide offices throughout India, the United Kingdom, USA, UAE, Singapore, Australia, Fiji and the Isle of Man.

About Star TV

STAR is a leading media and entertainment company in Asia. STAR broadcasts over 60 television services in ten languages to more than 300 million viewers across 53 Asian countries. STAR channels cover all genres including general entertainment (Star Plus, Xing Kong, Star Chinese Channel, Star One, Star Utsav, Star World, Vijay, antv, Phoenix Chinese), sports (ESPN, Star Sports), movies (Star Chinese Movies, Star Gold, Star Movies), music (Channel V), and news and current affairs (Star News, Star Ananda, Star Majha, Phoenix InfoNews Channel). STAR controls over 20,000 hours of Indian and Chinese programming and also owns the world's largest contemporary Chinese film library, with more than 600 titles, featuring superstars including Jackie Chan, Chow Yun Fat and Bruce Lee. In partnership with leading companies in Asia, STAR businesses extend to filmed entertainment, television production, cable systems, direct-to-home services, terrestrial TV broadcasting, wireless and digital services. STAR is a wholly owned subsidiary of News Corporation. www.startv.com

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 1953A Eros International PLC 05 October 2009

Eros International plc (the "Company")

Trading Update

Potential Indian IPO of Eros International Media Limited ("Eros India")

Eros International plc (AIM: Eros), the leading integrated studio operating a global business of sourcing content mainly within the Indian filmed entertainment space across multiple languages and distributing the content worldwide across formats like cinemas, television, home entertainment and digital new media, is pleased to announce a trading update for the period ended 30 September 2009.

The Company has experienced a strong second quarter of the financial year and continues to trade in line with management's expectations. Since the resolution with the multiplexes as announced in June 2009, the Company began releases from July 2009 onwards and has already had two major successes, namely Kambakkth Ishq and Love Aaj Kal as previously reported, and several regional films including Me Shivaji Raje Bhosale Boltoy, Tera Mera Ki Rishta and Kandasamy. TV and digital revenues continued to be strong. Cash generation during the period was in line with expectations taking into account the theatrical release schedule and net debt at 30 September 2009 was at a similar level to 31 March 2009. Given the strong release schedule and anticipated cash generation in the second half, net debt is expected to show a material reduction by the financial year-end.

As part of its overall strategy to strengthen its balance sheet in anticipation of future corporate activity, the Company has firmed up its plans to list Eros International Media Limited, its wholly-owned subsidiary company in India, on the Bombay Stock Exchange (BSE). It has appointed Enam, Kotak and RBS (Royal Bank of Scotland) to act on the Indian IPO and it is expected that the transaction will conclude within the current financial year ended March 2010. It is expected that the intended IPO and the recent appointment of Mr A.P. Parigi as Group CEO for the Indian operations will drive the group's growth and consolidation within India. Mr Naresh Chandra will be appointed as the Non-Executive Chairman of the Indian Board. It is currently intended that any new funds raised by Eros India in the Indian IPO will not result in a dilution of the Company's ownership in excess of 25%.

5 October 2009

Enquiries:

Eros International plc 020 8963 8400

Kishore Lulla / Jyoti Deshpande / Andrew Heffernan

Evolution Securities Limited 020 7071 4300

Jeremy Ellis / Chris Clarke

This information is provided by RNS The company news service from the London Stock Exchange

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