(IFC.L) Indian Film Company (The) Ltd Buy/Sell

RNS Number : 9337A Indian Film Company Limited (The) 16 October 2009

Press Release 16 October 2009

The Indian Film Company Limited

("IFC" or the "Company")

Network 18 Declares Results for Quarter Ended 30 September 2009

The Indian Film Company Limited (AIM:IFC), the leading Bollywood film investment company announces that Network 18 Media and Investments Limited ("Network 18"), the parent company of IFC, has today released its quarterly results to the BSE and NSE in India. These are available on Network 18's website, www.network18online.com.

The financial information presented in Network 18's quarterly results includes information based upon IFC's management accounts which have been prepared on the basis of Indian GAAP. Network 18's offer for the Company was declared wholly unconditional on 28 August 2009 and the offer was closed on 7 September 2009. The IFC results included in Network 18's quarterly results are for the period from 7 September 2009 to 30 September 2009. The revenue figure being reported for IFC for this period in Network 18's quarterly results is INR 124.76 million (GBP 1.62 million*).

The Company is expecting to announce its half yearly report and unaudited condensed consolidated financial statements for the six months ended 30 September 2009, prepared in accordance with IFRS, in December 2009.