Report on the performance for the Quarter & Financial Year ended Mar 31, 2012

PVR LIMITED (Incorporated on April 26, 1995 as Priya Village Roadshow Limited and obtained certificate of commencement of business on December 4, 1995. On June 28, 2002 the name of our company was changed to PVR Limited) Block A, 4th Floor, Building No 9, DLF Cybercity Phase II, Gurgaon – 122002, , Phone: (91-0124) 4708100 Fax: (91-0124) 4708101

May 29, 2012

The financial statements included in this quarterly report fairly presents in all material respects the financial condition and results of operations of the company as of, and for the periods presented in this report.

Disclaimer

Safe Harbor: - Some information in this report may contain forward-looking statements. We have based these forward looking statements on our current beliefs, expectations and intentions as to facts, actions and events that will or may occur in the future. Such statements generally are identified by forward-looking words such as “believe”, “plan”, “anticipate”, “continue”, “estimate”, “expect”, “may”, “will” or other similar words. A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We have chosen these assumptions or bases in good faith, and we believe that they are reasonable in all material respects. However, we caution you that forward-looking statements’ and assumed facts or basis almost always vary from actual results, and the differences between the results implied by the forward-looking statements and assumed facts or bases and actual results can be material, depending on the circumstances. You should also keep in mind that any forward-looking statement made by us in this report or elsewhere speaks only as of the date on which we made it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no duty to, and do not intend to, update or revise the forward- looking statements in this report after the date hereof.

The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in multiplex business due to the entry of new players, including those factors which may affect our cost advantage, lack of good quality content, onset of new technologies such as DTH, IPTV and increasing penetration of Home-video, which may impact overall industry growth, wage increases in India, real estate costs increases, delay or failure In handover of properties from real estate developers, the success of our subsidiary companies, withdrawal of entertainment tax exemption granted by government and general economic conditions affecting our industry.

In light of these risks and uncertainties, any forward-looking statement made in this report or elsewhere may or may not occur and has to be understood and read along with this disclaimer.

Others: In this report, the terms “we”, “us”, “our”, “PVR”, “PVRL” or “the Company”, unless otherwise implies, refer to PVR Limited (“PVR Limited”) and its subsidiaries, PVR Pictures Limited, PVR Blu-O Entertainment Ltd & CR Retail Malls

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TABLE OF CONTENTS

Section 1 Standalone & Consolidated Financial Results 4

Section 2 Management Discussion & Analysis

2.1 Exhibition Business Performance 8

2.2 Operational Highlights 10

2.3 ROCE Analysis- Exhibition Business 13

2.4 Performance Snapshot of Other Businesses 14

2.5 Key Developments 15

2.6 New Property openings – FY 2012-13 16

2.7 List of Current Properties 17

2.8 Upcoming Films for next 3 months 19

Section 3 Shareholding Pattern as on 31st March, 2012 21

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Section 1: Standalone & Consolidated Financial Results

PVR Ltd Audited Financial Results for Year ended Mar 31, 2012 (Rs In lacs) STANDALONE CONSOLIDATED

Sl. Quarter ended Year ended Quarter ended Year ended Particulars No 31.03.12 31.12.11 31.03.11 31.03.12 31.03.11 31.03.12 31.12.11 31.03.11 31.03.12 31.03.11 PART I

INCOME FROM 1 OPERATION (a) Net sales/ income 11,106 12,456 7,137 46,747 35,073 11,720 13,654 8,872 50,870 45,927 from operations (b) Other Operating 138 82 42 352 228 49 242 111 436 295 Income Total income from 11,244 12,538 7,179 47,099 35,301 11,769 13,896 8,983 51,306 46,222 operations (net) 2 EXPENSES

a) Film Distributors' share (including 2,861 3,509 1,853 12,945 10,116 2,790 3,332 1,952 12,516 10,064

commission) b) Cost of materials 780 862 425 3,202 2,180 826 913 476 3,388 2,420 consumed c) Cost of goods - - - - - 2 2 3 8 7 purchased for sale d) Employee benefits 1,214 1,356 845 5,074 4,062 1,347 1,522 990 5,627 4,731 expense e) Depreciation and 1,195 689 608 3,136 2,411 786 824 1,869 3,647 6,741 amortisation expense f) Rent 2,570 1,647 1,307 7,257 4,768 2,739 1,745 1,302 7,667 5,056

g) Repairs and 1,181 1,006 741 4,020 3,169 1,330 1,168 832 4,477 3,535 maintenance h) Movie production, distribution and print 260 - - 260 - 294 335 (197) 1,462 3,146

charges i) Other expenses 1,817 1,875 1,326 7,005 5,514 1,974 2,416 1,724 8,224 8,103

Total Expenses 11,878 10,944 7,105 42,899 32,220 12,088 12,257 8,951 47,016 43,803

Profit / (Loss) from operations before 3 other income, finance (634) 1,594 74 4,200 3,081 (319) 1,639 32 4,290 2,419 costs and exceptional items (1-2) 4 Other Income 272 126 203 776 804 179 173 242 896 770 Profit / (Loss) from ordinary activities 5 before finance costs (362) 1,720 277 4,976 3,885 (140) 1,812 274 5,186 3,189 and exceptional items ( 3+4) 6 Finance Costs 447 499 370 1,796 1,596 469 519 376 1,848 1,618 Profit / (Loss) from ordinary activities 7 after finance costs but (809) 1,221 (93) 3,180 2,289 (609) 1,293 (102) 3,338 1,571 before exceptional items ( 5+6) 8 Exceptional Items (1,417) - - 269 - (1,447) - - (237) - Profit / (Loss) from 9 ordinary activity (2,226) 1,221 (93) 3,449 2,289 (2,056) 1,293 (102) 3,101 1,571 before tax (7+8) 10 Tax expense 745 (403) 40 (638) (655) 824 (401) (67) (572) (1,539) Net Profit / (Loss) from ordinary 11 (1,481) 818 (53) 2,811 1,634 (1,232) 892 (169) 2,529 32 activities after tax ( 9+10) Extra-Ordinary items( 12 ------net of tax expenses) Net Profit / (Loss) for 13 (1,481) 818 (53) 2,811 1,634 (1,232) 892 (169) 2,529 32 the period ( 11+12) 4 of 23

Share of profit / (loss) 14 ------of associates 15 Minority interest - - - - - (92) 8 59 13 785 Net Profit / (Loss) after taxes, minority 16 interest and shore of (1,481) 818 (53) 2,811 1,634 (1,324) 900 (110) 2,542 817 profit/(loss) of associates(13+14+15) Paid-up Equity Share 17 2,590 2,590 2,715 2,590 2,715 2,590 2,590 2,715 2,590 2,715 Capital Paid-up value of Non- convertible 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900

Debentures Reserve excluding Revaluation Reserves 18 as per balance sheet 26,060 22,164 31,422 28,342

of previous accounting year Earnings per share 19. (before extraordinary - - - i items) (a) Basic Earning Per Share - not (5.54) 3.08 (0.20) 10.50 6.03 (4.95) 3.39 (0.41) 9.50 3.02

annualized (b) Diluted Earning Per Share - not (5.51) 3.07 (0.20) 10.46 6.01 (4.93) 3.38 (0.40) 9.46 3.01

annualized (fully paid up equity share of Rs.10 each) Earnings per share 19. (after extraordinary ii items) (a) Basic Earning Per Share - not (5.54) 3.08 (0.20) 10.50 6.03 (4.95) 3.39 (0.41) 9.50 3.02

annualized (b) Diluted Earning Per Share - not (5.51) 3.07 (0.20) 10.46 6.01 (4.93) 3.38 (0.40) 9.46 3.01

annualized (fully paid up equity share of Rs.10 each) PART II

PARTICULARS OF A SHAREHOLDING 1 Public Shareholding

- Number of shares 14300572 14293972 15573916 14300572 15573916 14300572 14293972 15573916 14300572 15573916

- Percentage of 55.21% 55.20% 57.36% 55.21% 57.36% 55.21% 55.20% 57.36% 55.21% 57.36% shareholding Promoters and 2 Promoter Group

Shareholding a)Pledged/Encumbered

- Number of shares 500000 515000 1270000 500000 1270000 500000 515000 1270000 500,000 1270000

- Percentage of shares (as a % of the total shareholding of 4.31% 4.44% 10.97% 4.31% 10.97% 4.31% 4.44% 10.97% 4.31% 10.97%

promoter and promoter group) - Percentage of shares (as a % of the 1.93% 1.99% 4.68% 1.93% 4.68% 1.93% 1.99% 4.68% 1.93% 4.68% total share capital of the Company) b) Non-Encumbered

- Number of shares 11102092 11087092 10305456 11102092 10305456 11102092 11087092 10305456 11102092 10305456

- Percentage of shares (as a % of the total shareholding of 95.69% 95.56% 89.03% 95.69% 89.03% 95.69% 95.56% 89.03% 95.69% 89.03%

promoter and promoter group) - Percentage of shares (as a % of the 42.86% 42.81% 37.96% 42.86% 37.96% 42.86% 42.81% 37.96% 42.86% 37.96% total share capital of the Company)

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3 months ended Particulars 31.03.2012 INVESTOR B COMPLAINTS Pending at the beginning of the Nil

quarter Received during the 2 quarter Disposed of during 2 the quarter Remaining unresolved at the end of the Nil

quarter

Notes: 1 Income from Operations as disclosed above are net of Entertainment Tax, Value Added Tax and Service Tax collected on generating such Incomes.

2 The Board has recommended payment of Dividend on equity shares for the financial year ended March 31, 2012@ Rs. 2/- per share subject to the approval by the shareholders of the Company. The company has already paid Special Interim Dividend of Rs. 4/- per share thereby aggregating dividend of Rs. 6/- per share.

3 As per the amendment made by the Finance Act 2010, renting of immovable property is defined as a taxable service with retrospective effect from June 01, 2007. The Company had challenged the levy of service tax on renting of commercial properties before the Hon'ble High Court of Delhi which had granted an interim stay against the levy of service tax. Based on the advice obtained by the Company no provision of service tax in respect of commercial properties was made by the Company in the earlier years. In 2011, the Hon'ble High Court of Delhi has upheld the levy of service tax vide its order dated September 23, 2011. The Company had filed special leave petition before Hon'ble Supreme Court of India against the order of Hon'ble High Court of Delhi which is currently pending. Meanwhile the Company is making payments towards service tax as per direction of the Hon'ble Supreme Court of India.

In view of the above developments, the Company has provided for service tax on renting of commercial properties. Accordingly an amount of Rs. 791 lakhs (net of cenvat credit) being provision for the current year is included in "Rent Expense" and amount of Rs. 1416 lakhs (net of cenvat credit) being the provision for the period from 01.06.2007 upto March 31, 2011 is shown as an exceptional item in the above results.

4 During the year, the Company has sold of its investments in the equity shares of its subsidiary company CR Retail Mall (India) Ltd for a consideration more than the cost of investments. The profit on the same amounting to Rs 1686 lakhs has been disclosed as an exceptional items.

5 Pursuant to the Composite Scheme of Arrangement ('Scheme'), under the provisions of the Companies Act, 1956 approved by the shareholders, and sanctioned by the Hon'able High Court of Delhi on February 02, 2012, the production business undertaking of PVR Pictures Limited (the Transferor Company) was transferred to and vested in the Company (the Transferee Company) with effect from April 01, 2011 (appointed date). The Company has made necessary filing with the Registrar of Companies, NCT of Delhi and Haryana on February 29, 2012 and the Scheme has been correspondingly given effect in these current financial statements.

(i) Accordingly pursuant to the above transfer the revenues of Rs. 800 lakhs and PBT of Rs. (-) 49 lakhs of the production business undertaking for the prior period i.e. April 01, 2011 to December 31, 2011 is reflected in the standalone results for the quarter and

(ii) The assets and liabilities of production business undertaking as on April 01, 2011 stands merged with PVR Limited. In accordance with the scheme, subsequent to the Demerger taking effect and from the effective date viz February 29, 2012 the Company has reviewed and recorded such assets and liabilities, as the Board of Directors considered relevant and appropriate relating to the Film Exhibition business and Film Production business of the Company at their fair values. Accordingly the company has written down the value of the such assets by Rs. 4937 lacs (net of deferred tax ) and set off the same against specified reserves (including share premium) in accordance with the scheme.

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6.The Segment-wise revenues, results and Capital Employed of the Consolidated Financials are given below :-

Quarter ended Year ended

Corresponding Preceding 3 months S. 3 months Particulars 3 months ended No ended 31.03.2012 31.03.2011 ended 31.03.2011 in 31.03.2012 31.12.2011 the previous year 1. Segment Revenues

Movie Exhibition 10,438 12,582 6,849 46,432 37,336

Movie Production & Distribution 731 1,025 1,855 3,400 8,316

Bowling Centers 675 545 326 1,989 1,419

Inter Segment Revenues / (75) (256) (47) (515) (849) Elimination Total 11,769 13,896 8,983 51,306 46,222

2. Segment Results

Movie Exhibition (450) 1,598 250 4,276 4,171

Movie production & Distribution 170 49 (256) (126) (2,058)

Bowling Centers 21 (8) 38 200 306

Inter Segment Revenues / (60) - - (60) - Elimination Total (319) 1,639 32 4,290 2,419

Finance Cost (Net)/ Dividend 290 346 134 952 848

Exceptional Items 1,447 - - 237 -

Profit/ ( Loss) before Tax (2,056) 1,293 (102) 3,101 1,571

3. Capital Employed

Movie Exhibition 36,899 38,772 43,182 36,899 43,182

Movie production & Distribution 3,668 10,719 11,269 3,668 11,269

Bowling Centers 3,633 2,651 1,974 3,633 1,974

Total 44,200 52,142 56,425 44,200 56,425

Unallocable (14,503) (15,406) (16,850) (14,503) (16,850)

7 The Company has applied to the Ministry of Corporat e Affairs, Central Government for approval of the remuneration paid as minimum remuneration and also for waiver of excess remuneration to its Managing Director for financial year 2008-09 (for waiver) and 2009-10 & 2010-11 ( for minimum remuneration) aggregating to Rs. 118.75 lakhs. The approval of the Central Government is awaited. 8 The Company has during the quarter allotted 6600 Equity Shares to its employees in accordance with the PVR ESOP Scheme 2008. 9 Previous year/ period figures have been regrouped/rearranged, wherever considered necessary. 10 The above financial results duly reviewed by the Audit Committee were approved in the Board Meeting held on 29th May, 2012. The financial results have been subjected to the audit by the Statutory Auditors in terms of clause 41 of the listing agreement. The figures of last quarter of FY 2011-12 & FY 2010-11 are the balancing figures between audited figures in respect of the full financial year for FY 2011-12 & FY 2010-11 and the published year to date figures upto the third quarter of FY 2011-12 & FY 2010-11 respectively.

11 The above financial results are available at company's website www.pvrcinemas.com and also on the websites of the NSE and BSE.

By Order of the Board For PVR Limited

Sanjeev Kumar Joint Managing Director

Place: Gurgaon Date: May 29, 2012

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Section 2.1 – Exhibition Business Performance

Particulars (Rs Lacs) Q4, FY 12 Q4, FY 11 Growth FY 11-12 FY 10-11 Growth Net Operating Income 10,236 7,405 38% 45,345 37,101 22%

Other Operating Income 201 237 -15% 1,087 959 13%

Total Operating Income 10,437 7,642 37% 46,432 38,060 22%

Film Distributor's Share 2,840 1,992 43% 12,980 10,837 20%

Consumption of F & B 778 446 74% 3,212 2,289 40%

Personnel Expenses 1,163 879 32% 5,036 4,183 20%

Rent* 1,738 1,203 44% 6,180 4,666 32%

Repair and Maintenance 1,166 774 51% 4,043 3,318 22%

Electricity & Water 607 437 39% 2,604 2,197 19%

Other Expenditure 1,140 976 17% 4,422 3,718 19%

Total Expenditure 9,432 6,707 41% 38,477 31,207 23%

Adjusted Operating Profit 1,005 935 8% 7,956 6,852 16%

Adjusted Operating Profit 10% 12% 17% 18% Margin* Rent-Phoenix Mills* 297 1,067

Reported Operating Profit 708 935 -24% 6,889 6,852 1%

Other Income 139 86 63% 582 342 71%

EBITDA 847 1,021 -17% 7,471 7,194 4%

EBITDA Margin 8% 13% 16% 19%

Depreciation/amortization 638 675 -6% 2,614 2,683 -3%

EBIT 210 345 -39% 4,858 4,511 8%

Financial Expenses 439 371 18% 1,788 1,603 12%

PBT before Exceptional Items (229) (26) -791% 3,070 2,909 6%

Exceptional Items

Service tax on Rent (Apr-Dec-11) (646)

Service tax on Rent -Till FY 11-12 (1,416) (1,416)

Profit on Sale of CRR 1,686

PBT After Exceptional Items (2,292) (26) -8817% 3,339 2,909 15%

Tax (744) (12) -6097% 609 867 -30%

Profit after Tax (1,548) (14) -11199% 2,730 2,042 -34%

Particulars March 11 March 10 Growth Properties under Operation** 38 33 15%

Screens under Operation 166 142 17% Seats under Operation 42,275 36,818 15% Cities under Operation 22 18 22% * Rent for Phoenix Mills property has been shown separately to do a like to like comparison. The company did a sale and leaseback of the above property in May 2011 **Properties under operation include 2 properties namely Oppulent and Mahagun in Ghaziabad which are operated on Franchise/ Management basis. The company does not consolidate any revenues/costs for these properties in its financial results. 8 of 23

Operating Income Analysis

Q4, FY Q4, FY Particulars (Rs Lacs) Growth FY 11-12 FY 10-11 Growth 12 11

Ticket Sales/ Revenue Share 6,640 4,796 38% 29,858 25,207 18% Income Sale of Food and Beverages 2,260 1,264 79% 9,308 6,806 37% Advertisement Income 1,337 1,345 -1% 6,179 5,088 21% Other Operating Income 201 237 -15% 1,087 959 13% Total Operating Income 10,437 7,642 37% 46,432 38,060 22%

Q4, FY Q4, FY Particulars (Rs Lacs) Growth FY 11-12 FY 10-11 Growth 12 11

E-tax Expense 1,394 689 102% 5,879 4,222 39%

E-tax as a % of Net Ticket 21.0% 14.4% 6.6% 19.7% 16.7% 2.9% Sales/ Revenue Share Income June 2009 (Standalone Financials) Expenditure Side Analysis

Q4, FY Q4, FY Ratios FY 11-12 FY 10-11 12 11 Film Distributor Share as a % of Net Ticket Sales/ Revenue Share 42.8% 41.5% 43.5% 43.0%

Income* COGS % 34.4% 35.3% 34.5% 33.6%

Cost Ratios Q4, FY Q4, FY FY 11-12 FY 10-11 (As a % of Operating Income) 12 11

Employee Cost 11.1% 11.5% 10.8% 11.0%

Rent** 19.5% 15.7% 15.6% 12.3%

Repair & Maintenance 11.2% 10.1% 8.7% 8.7%

Electricity & Water 5.8% 5.7% 5.6% 5.8%

Other Expenditure 10.9% 12.8% 9.5% 9.8%

* Higher Payout on movies like Agneepath and Kahani in Q4, FY 12 as against no movies in Q4, FY 11 ** Service tax on Lease Rentals amounting to Rs 791 lacs for FY 2011-12 has been provided.

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Section 2.2 – Operational Highlights

The operating performance has been analyzed by making a like to like comparison between properties which were operational during the corresponding period of the previous year (classified as “Comparable Properties”), properties which were not operational during the corresponding period of previous year (classified as “Non Comparable Properties”) and new properties which commenced operations during the quarter (classified as “New Properties”)

New/Non Comparable Properties: Udaipur, Surat, Directors Cut-Vasant Kunj, Kolkatta, Nanded Franchise Properties: Mahagun & Oppulent

Footfalls

Footfalls (lacs)

Particulars Q4, FY 12 Q4, FY 11 Growth FY 11-12 FY 10-11 Growth

Comparable Properties 48.4 35.0 38% 224.9 189.3 19%

New/ Non Comparable Properties 4.9 13.0

Own Cinemas 53.3 35.0 52% 237.9 189.3 26%

Franchise Cinema 2.0 1.5 34% 9.3 7.0 34%

Total Exhibition 55.3 36.5 51% 247.2 196.3 26%

Average Ticket Price (ATP)

ATP (Rs)

Particulars Q4, FY 12 Q4, FY 11 Growth FY 11-12 FY 10-11 Growth

Comparable Properties 155 166 -7% 156 162 -4%

New/ Non Comparable Properties 156 145

Total Exhibition 155 166 -7% 156 162 -4%

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Average F&B Realization (SPH)

SPH (Rs)

Particulars Q4, FY 12 Q4, FY 11 Growth FY 11-12 FY 10-11 Growth

Comparable Properties 46.1 40.7 13% 43.6 40.5 8%

New/ Non Comparable Properties 43.1 38.6

Total Exhibition 45.8 40.7 12% 43.3 40.5 7%

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Advertisement Income

Advertising Income ( Rs Lacs)

Q4, FY Q4, FY Particulars Growth FY 11-12 FY 10-11 Growth 12 11

Comparable Properties 1,286 1,345 -4% 6,089 5,088 20%

New/ Non Comparable Properties 51 90

Total Exhibition 1,337 1,345 -1% 6,179 5,088 21%

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Section 2.3: ROCE Analysis- Exhibition Business

In order to enable our Shareholders & Investors to get a better understanding of the performance of our Exhibition Business, we are presenting below a ROCE analysis of our business which gives a break up of ROCE on

1. Sites operational > 12 months –Stabilised Units 2. Sites operational < 12 months – Yet to Stabilise 3. Sites under construction

After Allocation of Capital Property Level Particulars (Rs. Lacs) Corporate Overheads Employed EBIT ROCE EBIT ROCE Sites operational > 12 months 22,924 5,889 26% 4,919 21% Sites operational < 12 months 4,658 (31) -0.7% (61) -1% Total 27,582 5,858 21% 4,858 18% Sites under construction/ New Sites 9,307

Grand Total* 36,889 5,858 16% 4,858 13%

For the purpose of this analysis

1. EBIT for FY 2011-12 has been considered after excluding onetime profit on sale of shares of CR Retail Malls amounting to Rs 1686 lacs and Service Tax Rentals on Lease Rentals for earlier years totaling Rs1416 lacs

2. Capital Employed as on 31 st March, 2012 has been considered

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Section 2.4: Performance Snapshot of Other Businesses

–

Distribution Production Business Particulars (Rs. Lacs) BluO Business (PVR Pictures)

Total Operating Revenues 827 2,573 1,969 Total Expenditure 354 2,360 1,610

Operating Profit 472 213 358 Operating Profit Margin 57% 8% 18%

Other Income 133 162 19

EBITDA 605 374 378 EBITDA Margin 73% 15% 19%

Depreciation/Amortization 558 254 178 EBIT 47 121 199

PBT Before Exceptional Items 39 119 170 Exceptional Items

Service tax on Lease Rentals for earlier years (32)

PBT After Exceptional Items 39 119 138 PAT 39 195 99

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Section 2.5: Key Developments

New Properties opening

During the quarter under review and subsequent quarters the company opened the following properties:

New Properties Screens Seats Opening Date

Avani Mall, 4 1,188 Feb-12

Treasure Bazaar Mall, Nanded 4 1,025 Mar-12

MBD Mall, Jallandhar 4 1100 Apr-12

Treasure Bazaar Mall, Ujjain 3 821 May-12

Total 15 4,134

Service Tax on Lease Rentals

As per the amendment made by the Finance Act 2010, renting of immovable property is defined as a taxable service with retrospective effect from June 01, 2007. The Company had challenged the levy of service tax on renting of commercial properties before the Hon'ble High Court of Delhi which had granted an interim stay against the levy of service tax. Based on the advice obtained by the Company no provision of service tax in respect of commercial properties was made by the Company in the earlier years. In 2011, the Hon'ble High Court of Delhi has upheld the levy of service tax vide its order dated September 23, 2011. The Company had filed special leave petition before Hon'ble Supreme Court of India against the order of Hon'ble High Court of Delhi which is currently pending. Meanwhile the Company is making payments towards service tax as per direction of the Hon'ble Supreme Court of India.

In view of the above developments, the Company has provided for service tax on renting of commercial properties. Accordingly an amount of Rs. 791 lakhs (net of cenvat credit) being provision for the current year is included in "Rent Expense" and amount of Rs. 1416 lakhs (net of cenvat credit) being the provision for the period from 01.06.2007 upto March 31, 2011 is shown as an exceptional item in the above results.

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Section 2.6:-New Property Openings- FY 2012-13

A List of upcoming projects in next 9 months with the expected opening schedule is provided below . PVR Cinemas

S.No Location Screens Expected Opening Schedule 1 MBD, Jallandhar 4 Opened in April, 2012 2 Treasure Mall, Ujjain 3 Opened in May, 2012 3 Empress mall, Nagpur 5 Q1, FY 2012-13 4 Market City, Pune 9 Q2, FY 2012-13 5 Silver Arch, Ludhiana 6 Q2, FY 2012-13 6 Orion Mall, Bangalore 11 Q2, FY 2012-13 7 Garuda Mall, Mysore 4 Q2, FY 2012-13 8 Plaza Center, Pune 7 Q2, FY 2012-13 9 Market City - Kurla, 8 Q2, FY 2012-13 10 Ripples Mall, Vijaywada 4 Q3, FY 2012-13 11 Market city , Bangalore 9 Q3, FY 2012-13 12 Panipat, Haryana 3 Q3, FY 2012-13 13 Bilaspur, Chhattisgarh 4 Q3, FY 2012-13 14 Diamond Mall, Kolkata 5 Q4, FY 2012-13 Total 82

PVR BluO

Sl. No Location No of Lanes Expected Opening Schedule 1 Orion Mall, Bangalore 27 Q1, FY 2012-13 2 Market City, Pune 17 Q2, FY 2012-13 3 Plaza Center, Pune 20 Q2, FY 2012-13 4 Market City, Bangalore 16 Q3, FY 2012-13 Total 80

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Section 2.7: – List of Current Properties

E tax Exemption S.No City Name of property Screens Seats E Tax% on net Opening date exemption date

1 Delhi Anupam, Saket 4 1,000 20% No Jun-97 2 Delhi Priya, Vasant Vihar 1 944 20% No Jan-00 3 Delhi Naraina 4 830 20% No Aug-01 4 Delhi Vikaspuri 3 921 20% No Nov-01 5 Gurgaon Metropolitan Mall 7 1,310 30% No May-03 6 Faridabad Crown Plaza 2 504 30% No May-04 7 Delhi Plaza 1 300 20% No May-04 8 Bangalore Forum Mall, Bangalore 11 2,011 30% No Nov-04 9 Ghaziabad EDM 3 726 67% No Mar-05 10 Hyderabad Central Mall, Hyderabad 3 926 20% No Feb-06 11 Delhi Rivoli 1 329 20% No Feb-06 12 Indore Treasure Island, Indore 5 1,199 20% No Apr-06 13 Lucknow Sahara Mall, Lucknow 4 874 67% No Apr-06 14 Mumbai Juhu 5 1260 45% Yes Apr-06 Jun-07 15 Mumbai Nirmal Lifestyle, Mulund 6 1,815 45% No Jun-06 16 Gurgaon Sahara Mall 2 528 30% No Jul-06 17 Aurangabad Aurangabad 3 1,156 40% No Sep-06 18 Latur Latur 3 1,136 40% No Oct-06 19 Baroda Baroda 3 1,094 25% No May-07 20 Ludhiana Flamez Mall, Ludhiana 4 1,025 25% Yes Aug-07 21 Delhi Prashant Vihar 3 786 20% No Aug-07 22 Delhi Select City Walk Saket 6 1,238 20% No Nov-07 23 Gurg aon Ambience Mall 7 1,194 30% No Aug-08 24 Chandigarh Centra Mall 4 1,150 30% No July-08 25 Mumbai Goregaon 6 1,783 45% Yes May-08 Aug-08 26 Raipur Magneto 4 1,350 30% No Feb-10 27 Allahabad Vinayak 4 923 67% Yes Mar-10 Mar-10 28 Ghaziabad* Mahagun 3 1,028 67 % No Mar -10 29 Ghaziabad* Oppulent 4 1,045 67 % No Mar -10 30 Chennai Ampa Mall 7 1794 30% No Apr-10 31 Ahmedabad Acropolis 6 1349 25% No Apr-10 32 Lucknow Phoenix United Mall 6 1,502 67% Yes Sept-10 Sept-10 33 Mumbai Phoenix Mills 7 1,847 45% Yes Dec-08 Mar-09 34 Udaipur Celebration Mall 4 1,150 0% No July-11 35 Surat Rahul Raj Mall 8 1,753 25% No Aug -11 36 Delhi Ambience Mall, Vasant Kunj 4 282 20% No Oct -11

37 Kolkata Avani Mall, Kolkata 4 1,188 30% Yes Feb-12 Awaited 38 Nanded Treasure Bazaar Mall, Nanded 4 1,025 40% No Mar-12 39 Jallandhar MBD Mall, Jallandhar 4 1100 25% Yes Apr-12 40 Ujjain Treasure Bazaar Mall, Ujjain 3 821 20% Yes May-12 Awaited Total – PVR Ltd 173 44,196

* Both the cinemas, Mahagun & Oppulent in Ghaziabad are operated on Franchise /Management basis

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Section 2.7: – List of Current Properties

Geographical Distribution Total Screens 173 Particulars North South West East Total Screens enjoying tax exemption 28 Seats 22,442 5,756 14,810 1,188 44,196 % Distribution 50.8% 13.0% 33.5% 2.7% 100.0% As a % of total Screens 16.2%

Screens 93 25 51 4 173

% Distribution 53.8% 14.5% 29.5% 2.3% 100.0%

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Section 2.8 : Upcoming Films for the next 3 months

Release Date Movie Title Genre Banner Director Cast

Rowdy Rathore Action UTV Motion , 01-Jun-12 Snow White & Action / Kristen Stewart, Chris Rupert Sanders Huntsman Drama Hemsworth, Charlize Theron Abhay Deol, Emraan Hashmi, Thriller / PVR Pictures Dibankar , Pitobash Shanghai Romance Limited Banerjee Tripathy, Kalki Koechlin, Farooq Sheikh Declan PVR Pictures Bel Ami Drama Donnellan, Nick Robert Pattinson, Uma Thurman Limited 08-Jun-12 Ormerod Madagascar 3 : Adventure / Viacom 18 Eric Darnell , Ben Stiller, Jada Pinkett Smith, Europe's Most Wanted Comedy Media Tom Mcgrath Chris Rock

Action / FOX Star Noomi Rapace, Charlize Theron , Prometheus - 3D Ridley Scott Drama Studios Patrick Wilson

Reliance Big Rajesh Ferrari Ki Sawaari Sports Sharman Joshi Entertainment Mapuskar 15-Jun-12 Warner Bros. Comedy / Pictures (India) Adam Julianne Hough, Diego Boneta, Rock Of Ages Musicals Pvt. Ltd. Shankman Tom Cruise Mumbai Abraham Lincoln: Fantasy / FOX Star Timur Benjamin Walker, Rufus Sewell , Vampire Hunter - 3D Horror Studios Bekmambetov Dominic Cooper Paramount The Five Year Comedy/ Jason Segal, Emily Blunt, Chris Films of India Nicholas Stoller Engagement Romance Pratt Ltd. PVR Pictures Woody Allen, Penelope Cruz & 22-Jun-12 To Rome With Love Comedy Woody Allen Limited Jesse Eisenberg

Shahid Kapoor, Priyanka Teri Meri Kahani Romance Kunal Kohli Chopra, Neha Sharma

Anurag Manoj Vajpee, , Gangs Of Wasseypur Crime Kashyap Piyush Mishra Sonu Sood, , Reliance Big Maximum Crime Kabeer Kaushik Neha Dupia, Vinay Pathak, Entertainment Aarya Babbar The Amazing SPE Films Andrew Garfield, Emma Stone, 29-Jun-12 Action Marc Webb Spiderman - 3D India Pvt. Ltd.

G.I.Joe: Retaliation Action Jon M.Chu Channing Tatum, Ray Park

Shree Ajay Devgan, Abhishek 06-Jul-12 Bol Bachchan Comedy Ashtavinayak Rohit Shetty Bachchan, , Asrani, Prachi Cinevision Ltd. Desai Eros Cocktail Romance Homi Adajania Saif Ali khan, International

Aftab Shivdasani, Tia Bajpai, 13-Jul-12 1920 - Evil Returns Horror Bhushan Patel Vidya Malvade

UTV Motion Barfi Comedy Anurag Basu Ranbir Kapoor, Picture Warner Bros. Action / Pictures (India) Christopher Christian Bale, Joseph Gordon 20-Jul-12 The Dark Knight Rises Crime / Pvt. Ltd. Nolan Levitt , Gary Oldman Drama Mumbai 19 of 23

Release Date Movie Title Genre Banner Director Cast

Comedy / FOX Star Ben Stiller, Vince Vaughn, Neighborhood Watch Akiva Schaffer Sci - Fi Studios Jonah Hill

John Abraham, Chitrangdha I, Me Aur Main Romance Kapil Sharma Singh, Prachi Desai

Drama / PVR Pictures Kathryn Mccormick, Ryan 27-Jul-12 Step Up 4 (3D) Scott Speer Music Limited Guzman, Adam G Sevani

Ali Zafar, Tapsee Pannu, Chashme Baddoor Viacom 18 Comedy Sonu Nigam, , Remake Motion Picture Juhi Chawla

Ice Age Continental Animation / FOX Star Steve Martino / Ray Romano, Denis Leary, Drift - 3D Adventure Studios Mike Thurmeier John Leguizamo Tusshar Kapoor, Riteish Kya Super Kool Hain Comedy Sachi Yardi Deshmukh, , Hum Angela Jonsson 02-Aug-12 Colin Farrell, Kate SPE Films Beckinsale, Jessica Biel, Total Recall Action Len Wiseman India Pvt. Ltd Bryan Cranston, John Cho And Bill Nighy Paramount Action / Jeremy Renner, Rachel 10-Aug-12 The Bourne Legacy Films Of India Tony Gilroy Adventure Weisz, Edward Norton Ltd

Romance / Salman Khan, Katrina Kaif, 15-Aug-12 Ek Tha Tiger Yashraj Films Kabir Khan Thriller Ranvir Shorey

The Pirates - Band Of Animation / Spe Films India Peter Lord , Hugh Grant, Salma Hayek, Misfits Adventure Pvt. Ltd. Jeff Newitt Jeremy Piven 17-Aug-12 Akshay Kumar, Kareena Once Upon A Time In Balaji Motion Crime Milan Luthria Kapoor, Shahid Kapoor, Mumbai 2 Picture Ileana D'Cruz Warner Bros. Pictures (India) Albert Finney, James Corden The Rivals Comedy John Landis Pvt. Ltd., And Imelda Staunton Mumbai

Romance / Prakash Jha Arjun Rampal, Chitrangda Power Play Sudhir Mishra Crime Productions Singh, Gaurav Dwivedi 24-Aug-12 Paramount Crime / Aaron Johnson, Taylor Kitsch Savages Films Of India Oliver Stone Drama , Blake Lively Ltd

Spe Films India Sean Anders, Adam Sadler, Andy Samberg, That's My Boy Comedy Pvt. Ltd. John Morris Leighton Meester

Suspense/ Fox Star Raaz 3 Emraan Hashmi, Esha Gupta Thriller Studios Akshay Kumar, Sonakshi Sinha, Jaaved Jaafri, 30-Aug-12 Jokar Drama Shirish Kundar Shreyas Talpade, Manisha Lamba, Joseph Gordon-Levitt, Action / Premium Rush Spe Films David Koepp Michael Shannon, Jamie Thriller Chung

*The above schedule is compiled based on the latest industry information and is subject to change

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Section 3-Shareholding Pattern as on 31st Mar, 2012

Number of Shareholding Category of shareholder shares %

(A) Shareholding of Promoter and Promoter Group[2] (1) Indian (a) Individuals/ Hindu Undivided Family 1,570,287 6.06 (b) Central Government/ State Government(s) (c) Bodies Corporate 10,031,805 38.74 (d) Financial Institutions/ Banks (e) Any Other (specify) Sub-Total (A)(1) 11,602,092 44.80 (2) Foreign (a) Individuals (Non-Resident Individuals/ Foreign Individuals) (b) Bodies Corporate (c) Institutions (d) Any Other (specify) Sub-Total (A)(2) 0 0.00 Total Shareholding of Promoter and Promoter Group (A)= (A)(1)+(A)(2) 11,602,092 44.80 (B) Public shareholding[3] (1) Institutions (a) Mutual Funds/ UTI 4,475,573 17.28 (b) Financial Institutions/ Banks 0 0.00 (c) Central Government/ State Government(s) (d) Venture Capital Funds (e) Insurance Companies 59,295 (f) Foreign Institutional Investors 1,029,877 3.98 (g) Foreign Venture Capital Investors (h) Any Other (specify) Sub-Total (B)(1) 5,564,745 21.26 (2) Non-institutions (a) Bodies Corporate 1,075,187 4.15 Individuals - i. Individual shareholders holding nominal share capital up to Rs. 1 lakh. 1,792,032 6.92 ii. Individual shareholders holding nominal share capital in excess of Rs. 1 lakh. 590,157 2.28 (c) Any Other (specify) Non Resident Indians 674,783 2.61 Foreign Bodies 2,557,000 9.87 Trust 2,021,965 7.81 Clearing Members 18,103 0.07 Sub-Total (B)(2) 8,729,227 33.71 Total Public Shareholding (B)= (B)(1)+(B)(2) 14,293,972 55.20 TOTAL (A)+(B) 25,896,064 100.00 Shares held by Custodians and against which Depository Receipts have been (C) 0 0.00 issued GRAND TOTAL (A)+(B)+(C) 25,896,064 100.00

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List of Non-Promoter Shareholders holding more than 1% of the total number of shares

Number of Shareholding S. No Name of the shareholder shares %

1 MAJOR CINEPLEX GROUP PUBLIC COMPANY LIMITED 2,557,000 9.87

2 IDBI TRUSTEESHIP SERVICES L IMITED (INDIA ADVANTAGE 2,021,742 7.81

RELIANCE CAPITAL TRUSTEE CO. LTD A/C RELIANCEEQUITY 3 1,581,793 6.11 OPPORTUNITIES FUND SBIMF-MAGNUM SECTOR FUNDS UMBRELLA-EMERGING 4 700,000 2.70 BUSINESSES FUND

5 SBIMF - MAGNUM MIDCAP FUND 698,277 2.70

6 TATA INVESTMENT CORPORATION LIMITED 500,000 1.93

7 SANJAY KUMAR 460,274 1.78

RELIANCE CAPITAL TRUSTEE CO LTD A/C RELIANCE MEDIAAND 8 397,500 1.53 ENTERTAINMENT FUND

SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT 9 337,303 1.30 THEMATICFUNDS - ENTERTAINMENT OPPORTUNITIES

10 MORGAN STANLEY ASIA (SINGAPORE) PTE. 266,981 1.03

TOTAL 9,520,870 36.77

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Contact

For any further information and queries please feel free to contact:

Nitin Sood Saurabh Gupta Chief Financial Officer GM – Finance [email protected] [email protected]

PVR Limited Block A, 4th Floor, Building No 9, DLF Cybercity Phase II Gurgaon, Haryana – 122002 Ph : 0124-4708100, Fax : 0124-4708101

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