(UMP.L) UMP PLC Buy/Sell

FINANCIAL HIGHLIGHTS

For the period ended 30 September 2009

UPCOMING RELEASES

The releases in third and fourth quarter of this financial year are as given below:

Movie Name Release/Expected Star Cast
Release Date
Wake Up Sid 2 October 2009 Ranbir Kapoor & Konkana SenSharma
Main Aur Mrs Khanna 16 October 2009 Salman Khan, Kareena Kapoor and Sohail Khan
Kurbaan 20 November 2009 Saif Ali Khan, Kareena Kapoor and Vivek
Oberoi
Chance Pe Dance January 2010 Shahid Kapur and Genelia D'Souza
Peter Gaya Kaam Se February 2010 Rajeev Khandelwal
Paan Singh Tomar February 2010 Irrfa Khann and Mahie Gill
Phillum City March 2010 John Abraham and Others

All the Hindi releases mentioned above are targeted at the global market as UMP PLC distributes its products in 32 different countries. UTV Software Communications Limited ("UTV"), the ultimate parent company of UMP Plc, has today released its quarterly results to the BSE and NSE in India. These are available on their website www.utvnet.com.

Extracts of the interim statements of the Company appear below and a full version is available on the Company's website www.utvmotionpictures.com.

The Company notes the following reclassification adjustments that were made as part of the audit process for the year ended 31 March 2009. These presentational changes are to the comparative financials information for the six months ended 30 September 2008 do not have an impact on the originally stated profit, earnings per share or net asset figures.

CONTACTS

UMP Plc +91 22 4098 1400

Siddharth Roy Kapur

Grant Thornton Corporate Finance (Nomad) +44 207 383 5100

Fiona Kindness/ Robert Beenstock

Jermyn Capital Partners Plc (Broker) +44 207 399 2020

Mehmet Ahmed/ Christopher Morris

CHAIRMAN'S STATEMENT

On account of the Indian Premiere League cricket tournament and the Twenty 20 World Cup the Company had planned its film releases to commence in the second quarter of this financial year. Additionally, the ongoing dispute between the United Producers and Distributors Forum and the national multiplex cinema chains was resolved in June 2009, resulting in favorable revenue sharing terms for the film producers and distributors. The first movie for the financial year ending 31 March 2010, Agyaat was released on 7th August, 2009. Three other movies 'Kaminey', 'Aagey Se Right' and 'What's your Raashee' were released during the second quarter.

'Kaminey' emerged as a cult classic, opening to huge audiences worldwide and to rapturous critical acclaim. It has been heralded as one of the break through movies of the decade and the Directors believe that it has enhanced the brand equity of UMP substantially as a studio that creates commercially and successful and critically acclaimed cinema. In the next quarter, the Company has three movies of different genres and scales scheduled to be released.

The Company's Marathi language production, Harishchandrachi Factory, a soul stirring story about the making of India's first feature film, was chosen as India's official entry to the Academy Awards, reaffirming the Company's unique ability to pick stories and concepts that are capable of resonating with a worldwide audience.

OFFER FOR UMP PLC

On 20 July 2009 the Company announced the recommended proposal (the "Proposal") made by UTV to acquire the entire issued and to be issued share capital of UMP not already owned by UTV through a Scheme of Arrangement ("Scheme").

Pursuant to the Proposal:

On 14 October 2009 the Scheme was approved by a majority number of the Independent UMP Shareholders in the court convened meeting held on that date.

Full details of the offer are available on the Company's website www.utvmotionpictures.com.

Rohinton Soli Screwvala

Chairman

UNAUDITED CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2009

As at 30 Sep 2009 As at 30 Sep 2008

Non-current assets
Intangible assets - 1,376
Tangible assets 2,415 3,872
2,415 5,248

Current assets
Inventories 115,979,641 103,866,951
Trade and other receivables 14,382,478 13,742,027
Cash and cash equivalents 713,984 195,601
131,076,103 117,804,579

Total assets 131,078,518 117,809,827

Current liabilities
Loan from ultimate holding company 34,287,774 8,958,999
Trade and other payables 5,752,880 16,220,059
Bank Overdraft 485 441
Tax liabilities - 100,250
40,041,139 25,279,749

Share capital 5,206,897 5,206,897
Share premium account 63,008,898 63,145,124
Accumulated profits 22,752,090 24,106,045
Equity attributable to equity 90,967,885 92,458,066

holders of the parent
Minority interest 69,494 72,012
Total equity 91,037,379 92,530,078
TOTAL LIABILITIES AND EQUITY 131,078,518 117,809,827

The unaudited financial statements were approved by the board of directors and authorised for issue on 26 October 2009 and are signed on its behalf by:

************ ************..
Siddharth Roy Kapur Charles Peter Arthur

Vanderpump

Director Director

Period ended 30 Sep Period ended 30 Sep 2008

Continuing Operations
Revenue 9,921,835 27,695,616
Cost of sales (11,705,703) (19,787,415)

Gross profit/ (loss) (1,783,868) 7,908,201

Administrative expenses (582,849) (485,155)

Foreign exchange gains/(loss) (1,615,482) 1,414,810

Profit/(Loss) from operations (3,982,199) 8,837,856

Other income 58,773 61,197

Profit/ (Loss) before tax (3,923,426) 8,899,053

Income tax (expense) / income 207,021 (273,497)

Profit after tax (3,716,405) 8,625,556

Attributable to
Equity holders of parent (3,707,819) 8,603,503
Minority interest (8,586) 22,053

(3,716,405) 8,625,556

Earnings per share
From continuing operations: (0.036)
Basic 0.083

Diluted (0.036) 0.083

UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 30 SEPTEMBER 2009

Attributable to equity holders of the company Minority interest Total
equity
Share Share Premium Retained Earnings
Capital
Total
Opening Balance (as on 1 April 5,206,897 63,008,898 26,459,909 78,080 94,753,784

Net profit/(loss) for the - - (3,707,819) (3,707,819) (8,586) (3,716,405)

period

Balance at 30 September 2009 5,206,897 63,008,898 90,967,885 69,494 91,037,379

UNAUDITED CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD ENDED 30 SEPTEMBER 2009

Period Period
from 01 Apr 2009 from 01 Apr 2008
to 30 Sep 2009 to 30 Sep 2008

NET CASH (USED IN) OPERATING ACTIVITIES (875,023) (23,086,855)

Investment income 103 61,197
Purchases of tangible assets - (3,295)

NET CASH FROM INVESTING ACTIVITIES 103 57,902

Loan Received 1,227,200 8,753,061
NET CASH FROM FINANCING ACTIVITIES 1,227,200 8,753,061

NET INCREASE IN CASH AND CASH 352,280 (14,275,893)

CASH AND CASH EQUIVALENTS AT BEGINNING 361,219 14,471,053

CASH AND CASH EQUIVALENTS AT END OF 713,499 195,160

CASH AND CASH EQUIVALENTS MADE UP OF:
Bank balances and cash 713,984 195,601
Fixed deposits - -
Bank overdraft (485) (441)
713,499 195,160

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

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