UTV Motion Pictures Plc Raises US$70 Million; Admission to AIM

UTV Motion Pictures Plc raises US$70 million; admission to AIM

MONDAY, 2 July 2007 – UTV Motion Pictures Plc (“UTV” or “the Company”) the holding company of UTV Motion Pictures (Mauritius) Limited ("UTV Mauritius") an global movie studio, announces that dealings in its ordinary shares will today start on AIM (ticker symbol: “UTVM”)

The Company has raised US$70 million gross via a placing of new ordinary shares with investors in the UK, Europe and Asia.

Details of the placing Placing price US$2.90 Total number of new ordinary shares placed on behalf of the Company 24,137,931 Number of ordinary shares in issue following the placing 104,137,931 Percentage of enlarged issued share capital subject to the placing 23.18 per cent Gross proceeds of the placing to be received by the Company US$70 million Estimated net proceeds of the placing receivable by the Company US$65.7 million Market capitalisation of the Company at the placing price US$302 million

Ronnie Screwvala, Non-Executive Chairman, commented: “We are delighted with the response from investors who recognise that UTV’s early adoption of the Hollywood studio model will enable the Company to establish a leading position in the Indian movie industry. We now have the funds to implement our strategy for rapid, profitable growth.” To get info on the stock price click on link below http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?ti=UTVM Use of Proceeds: The proceeds of the placing will be used: • To fund the US$30.2 million acquisition by UTV Mauritius of a Movie Portfolio from UTV Software Communications Limited (“UTV India”) and certain subsidiaries of UTV India and in the case of the movie Goal, Aim Productions Limited; • To finance the development and production (or co-production) of the Movies in Incubation acquired as part of the Movie Portfolio; and • To fund the production (or co-production) and/or acquisition of further movie content. 1

The Directors believe that Admission will raise the profile of the Company and its subsidiary UTV Mauritius, promoting further awareness of its business and projecting it internationally as a co-producer of Hollywood movies, as well as Indian movies.

Grant Thornton is the nominated adviser, and Jermyn Capital Partners Plc is broker, to the Company. The Company has granted an Over Allotment Option to Jermyn Capital plc pursuant to which Jermyn Capital may require the Company to issue up to 2,528,735 Ordinary Shares at the Placing Price at any time on or before the thirtieth day following Admission.

Notes to the Editor:

UTV and its subsidiary, UTV Motion Pictures (Mauritius) Limited ("UTV Mauritius"),(together the "Group") are in the business of production and exploitation of Indian, Hollywood and animation movies worldwide. The main business activities of UTV Mauritius involve: • The production (or co-production) of: o Hindi movies; o Indian regional language movies; o Hollywood movies; o Animation (international and Indian) movies; and • The distribution of these movies (and movies acquired from third parties) through various networks and across several platforms. UTV Mauritius has acquired the Movie Portfolio, primarily from UTV India. The Movie Portfolio comprises three completed Indian movies produced or co-produced by UTV Software Communications Limited ("UTV India"), two completed English language movies co-produced by UTV Communications USA LLP ("UTV US") (a subsidiary of UTV India) with Hollywood Studios, two Indian movies in production and thirty nine films in Incubation, including two live-action movies and an animation movie to be co-produced with Hollywood studios. The aggregate up front consideration payable to the UTV India and certain of its subsidiaries (and, in the case of Goal, AIM Productions Limited) for these acquisitions (excluding the movie in incubation entered into directly by UTV Mauritius) is $30.2 million. For Further Info please contact

UTV Preeti Puri Sharma Head Corporate Communications, UTV Mobile: 98205-18218 *******************************