Naveen Jeereddi Chief Executive Officer, Jeereddi Partners

. Appendix December 2020

A Global Entertainment and Streaming Powerhouse Disclaimer

Information provided in this communication includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbors created thereby. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “approximately,” “anticipate,” “believe,” “estimate,” “continue,” “could,” “expect,” “future,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will” and similar expressions. Those statements include, among other things, the discussions of the Company’s business strategy and expectations concerning its and the Company’s market position, future operations, margins, profitability, liquidity and capital resources, tax assessment orders and future capital expenditures. All such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we are expecting, including, without limitation: our ability to successfully and cost-effectively source film content; the Company’s ability to achieve the desired growth rate of Eros Now, its digital over-the-top (“OTT”) entertainment service; our ability to maintain or raise sufficient capital; delays, cost overruns, cancellation or abandonment of the completion or release of the Company’s films; our ability to predict the popularity of its films, or changing consumer tastes; our ability to maintain existing rights, and to acquire new rights, to film content; our ability to successfully defend any future class action lawsuits we are a party to in the U.S.; anonymous letters to regulators or business associates or anonymous allegations on social media regarding the Company’s business practices, accounting practices and/or officers and directors; our ability to recoup the full amount of box office revenues to which it is entitled due to underreporting of box office receipts by theater operators; our dependence on our relationships with theater operators and other industry participants to exploit the Company’s film content; our ability to mitigate risks relating to distribution and collection in international markets; our ability to compete with other forms of entertainment; our ability to combat piracy and to protect our intellectual property; our ability to maintain an effective system of internal control over financial reporting; contingent liabilities that may materialize, our exposure to liabilities on account of unfavorable judgments/decisions in relation to legal proceedings involving the Company or its subsidiaries and certain of its directors and officers; our ability to successfully respond to technological changes; our ability to satisfy debt obligations, fund working capital and pay dividends; the monetary and fiscal policies of countries around the world, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices; our ability to address the risks associated with acquisition opportunities; risks that the ongoing novel coronavirus pandemic and its spread, and related public health measures, may have material adverse effects on our business, financial position, results of operations and/or cash flows; challenges, disruptions and costs of the Merger and related transactions, integrating the Eros and STX businesses and achieving anticipated synergies, and the risk that such synergies will take longer to realize than expected or may not be realized in whole or in part; the amount of any costs, fees, expenses, impairments and charges related to the Merger and related transactions; uncertainty as to the effects of the consummation of the Merger and related transactions on the market price of our A Ordinary Shares and/or the Company’s financial performance; and uncertainty as to the long-term value of the Company’s ordinary shares.

The forward-looking statements contained in this communication are based on historical performance and management’s current plans, estimates and expectations in light of information currently available and are subject to uncertainty and changes in circumstances. There can be no assurance that future developments affecting the Company will be those that it has anticipated. Actual results may differ materially from these expectations due to changes in global, regional or local political, economic, business, competitive, market, regulatory and other factors, many of which are beyond the Company’s control. Should one or more of these risks or uncertainties materialize or should any of the Company’s assumptions prove to be incorrect, the Company’s actual results may vary in material respects from what the Company may have expressed or implied by these forward-looking statements. The Company cautions that you should not place undue reliance on any of its forward-looking statements. Any forward-looking statement made by the Company in this communication speaks only as of the date on which the Company makes it. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by applicable securities laws.

2 Where Hollywood Meets Bollywood

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Global studio with $2+ billion of worldwide box office over the past 5 years. Uniquely positioned to meet growing demand for streaming video with preeminent platform.

3 Compelling Combination of Complementary Assets

Eros International STX Entertainment

 Leading Indian film studio and streaming  Leading independent Hollywood studio – service fastest to ever surpass $1 bn U.S. Box Office

 One of the largest libraries of Indian films with  IP with global appeal, featuring stars in multi-format rights to 3,000+ titles signature roles (34 released films to date with $1.5bn+ global box office)  Risk mitigated approach to film production with global, multi-channel monetization  Global distribution network, with world-class  Eros Now is the #1 streaming platform for strategic partners, and covering 150+ Indian content (1) with digital rights to 12,000+  films, as well as thousands of music tracks Existing content distribution deals with Netflix, and short-form content in 150+ countries Showtime, Hulu, Amazon, among others

 Eros Now has 36 mn paid subscribers and 212  Asset-light, capital efficient model, ~20% ROIC mn registered users, as of September 30, 2020 Model Film profile

Premium Hollywood Unique Global Global and Bollywood Content Distribution Network Streaming Opportunity with Global Appeal

4 (1) Based on size of streaming library. Well Positioned to Create Long-Term Shareholder Value

 Increased financial scale with over $600 million pro-forma revenue in calendar 2019

 Projected to achieve over $300 million of highly predictable aggregated future revenue from Scale STX films already released through 2019

 Eros Now addressable market is ~1.5 – 2.0 billion people—a massive consumer opportunity

 Well-capitalized, robust balance sheet, including a $350 million JP Morgan-led credit facility

Capitalization  Net debt as of August 1, 2020 was of $255 million, with total cash on hand of approximately $145 million; net debt at the end of fiscal 2021 expected to be $325 million, reflecting increased content production

 Long-term and sustained financial commitment of founders group Shareholder  $125 million incremental equity from new and existing STX equity investors, including Base TPG, Tencent, Hony Capital and Liberty Global

 Combines first-class Hollywood and Bollywood management teams Leadership  and New Board consistent with company’s commitment to prudent corporate governance practices Governance  Best-in-class partnerships across the global media and technology landscape, including Apple, Microsoft, Amazon, and Google

5 Strong & Strategic Rational for Combination

1 Generating Original Content to Meet Growing Global Demand

2 Featuring Leading Hollywood and Bollywood Talent

3 Powered by Growth in Global Entertainment Markets

4 Unique Model to Scale Distribution Fast and Globally

5 Well-Capitalized Balance Sheet Provides Strategic Flexibility

6 Experienced Global Management Team with Strong Track Record

6 Generating Original Content to Meet Growing Global Demand

Film Releases Episodic Content

 Leading box office share in India, with over 30%  To date, Eros Now has launched over 39 box office market share over the past 10 years originals, including digital series and films, and over 5,900 short-form videos  36 of the 110 highest grossing Indian films over last 10 years  13 new original series to debut on Eros Now in calendar 2021  3,000+ film library and 12,000+ rights for digital distribution  33 film premieres on Eros Now in calendar 2021

 Leading box office share among independent  5 scripted and 6 unscripted shows in production studios with 34 films released since inception  Deals in place with Showtime, Netflix, and Hulu,  Robust production and acquisition pipeline among others targeting 8 theatrical releases per year Partners

7 Powered by Growth in Global Entertainment Markets

ErosSTX is positioned to take advantage of and win market share in the fastest growing regions and segments of the global video entertainment market.

Theatrical Market Original Shows Ordered Subscription vs. Transactional ($ billions) ($ billions) ($ billions)

U.S. India China RoW Int'l Subscription Traditional SVOD & AVOD CAGR Domestic Subscription CAGR $51 5% Global Cable, DVD, etc. $1,620 1% $1,552 CAGR $33 $42 $327 77% $56 8%

$23 3%

$19 31% $41 $21 $6 $5 $1,519 $13 28% $14 11% $1,293 (4)% $9

$2 11% $2 $30 $24 (5)% $11 $11 2%

2019 2023E 2014 2019 2014 2019

8 Source: PwC, Motion Picture Association Uniquely Positioned to Target Fast Growing China Market

Access to the India – China co-production treaty provides a unique ability to enhance the release of motion pictures in the Chinese market.

$10.7 Billion 11.6% 68,922 80,000+ Chinese Movie Market(1) 2016-21E Growth Total Screens in 2019(2) Screens Count by 2021

Eros in China STX in China

High Budget Indian iQiyi Partnership Successful U.S. / China Co-Development Film Hit in China Film Co-Production Strategy

• True partnership in 1,000+ development Indian language titles “A prime example of an American / Chinese two-hander that will be a hit on both shores” licensed to streaming Screen release in China - Forbes • Co-production of (April 2019) platform iQiyi Jackie Chan $81.2mm Chinese content $45mm+ $47mm+ Starred in his China Box Office China Box Office Gross China Box Office Gross 500mm+ “Signature Role” (Since Release) (In First Four Weeks) • Co-finance globally iQiyi Monthly relevant content #5 #3 Active Users A- 8.4 / 10 Indian Film in China Indian Film in China Cinemascore Maoyan Score

Partnerships Partnerships

Shanghai Film China Film Group Group Corporation Fudan University Corporation

(1) 2021E Chinese movie market defined by total box office revenue 9 (2) National Committee of Film Development Fund Partnership Model to Scale Distribution Quickly and Globally

STX’s global marketing and distribution network, covering 150+ territories, provides unique opportunity for rapid content proliferation and allows for a capital efficient, risk-mitigated approach to film-making.

• Ability to maximize combined content value across our global output and distribution agreements • International sales from output agreements allow for a capital efficient, risk-mitigated approach to film-making STX’s Distribution Network Covers Direct Distribution 150+ Territories Distribution Partners

(1)

Risk-Mitigated Project Financing (US$ in millions) Illustrative cost per model film

STX Financial $3 Charges $14

$26 $6

$2

$7 Cost of

Production Film Int'l Tax Co STX Cost Sales Credits Finance Equity

10 (1) Multi-territory output deal with Amazon in Europe. Opportunity to Create a True Global Streaming Platform

Leverage STX’s U.S. and global content to supercharge Eros Now, largest global SVOD platform for Indian content (1), and uniquely position it for the global streaming opportunity.

Largest Indian Streaming Library (1) (2) Diverse Content Portfolio Across Indian Languages

1% 18% 12% 22% 2% 5% 41% 12% Hindi Gujarati Bengali Marathi 15% 16% Malayalam Telugu 16% Kanada Tamil 19% 20%

12,000+ 5,000+ 150 Digital Film Rights Into Perpetuity Countries (incl. India)

Rapidly Growing Eros Now Paid Subscribers

(in million; FY ends March 31) 2017–21 Targeting 50 mn paid subscribers by end of calendar 2022 CAGR 36.2 104% 29.3

18.8

7.9 2.1

FY '17A FY '18A FY '19A FY '20A 2Q FY '21A

2021 launch of ErosPrime, featuring Indian and English content, will drive subscriber & ARPU growth.

(1) Based on size of streaming library. 11 (2) Represents % of total number of estimated films in Indian streaming library of ErosNow, Hotstar, Amazon Prime Video, Netflix and Zee5. Key Takeaways

Merger created a global media company Unique capability to develop, produce and distribute Bollywood and Hollywood premium content globally and across all platforms

Robust pipeline of film and episodic content with multi-channel distribution Unique strategic and distribution partnerships globally, including Apple, Amazon, Microsoft, NBCUniversal and YouTube

Large and market-leading streaming platform #1 streaming platform for Indian content with 12k+ digital film rights; 36+ million Eros Now paying subscribers and targeting 50+ million by December 2022

Well-capitalized balance sheet provides strategic flexibility $125 million of incremental equity raised recently; superior liquidity underpinned by a conservative capital structure

Increased financial scale with significant growth opportunity Over $600 million of pro forma revenue in calendar year 2019 and targeting over $1 billion in fiscal 2023

Substantial merger-related synergy opportunities $50 million in cash synergies to be achieved by the end of fiscal 2022 on a run-rate basis

12 3-year Strategic & Shareholder Value Imperatives

Enhance Balance Sheet & . Recapitalize global debt structure Operating Cash Flow . Drive better cash conversion and visibility

Streamline Corporate . Determine long-term strategy for Indian BSE/NSE public listing (EIML) Structure . Settle current Indian debt

. Launch ErosPrime service Fully Monetize ErosNow . Aggressively drive ARPU growth and roll-out advertising monetization . Increase FY22 investment to maximize profit in FY23 and FY24

. $50 mn of cash synergies by end of FY22 on a run-rate basis Drive Revenue & EBITDA . FY22 revenue of $800 mn with a high-single digit EBITDA margin Growth . FY23 revenue over $1.0 bn, and operating cash flow of $100 mn

. Host a world-class Investor Day in first quarter of calendar 2021 Enhance Investor . Increase metric disclosure and visibility for shareholders Communications . Increase long-only, institutional shareholder ownership . Expand sell-side analyst coverage

Identify Long-Term . Achieve equity valuation comparable to digital media peers Strategic Partners . Form strategic partnerships to enhance growth and shareholder value

13 Current Financial Guidance

(FY ends March 31)

Period Metric Guidance

FY21 Net Debt $325 mn (period-end)

Revenue Approximately $800 mn

FY22 EBITDA Margin High-single digits

Merger Cash Synergies $50 mn on run-rate basis by end of FY22

CY22 Eros Now Paid Subs 50 mn (period-end, 12/31/22)

Revenue 20%+ growth yoy to over $1 bn

FY23 Revenue Mix 50% from digital content distribution and platforms

Operating Cash Flow $100 mn

14 Merger Synergy Roll Up & Execution Plan

EBITDA Cash Completed ($ millions) Synergy Impact Impact By Commentary

Production $5 $5 2H 2021 > Maximize production tax credits and financing Cost Savings Leverage

Global Film > Cross distribution of STX and Eros films through Distribution & $15 $15 2H 2021 global output deals plus adaptations of Indian Strategic Library films for US & China Value & Monetization Revenue Opportunities ErosNow > STX exclusive content coupled with additional Subscriber $15 $15 2H 2021 investment will accelerate ErosNow subscriber Uplift and ARPU growth

Debt Interest > Based on recapitalization vs. current combined — $10 4Q 2020 Reduction Eros & STX interest costs Financial Synergies NOL > Tax shield utilizing applicable cumulative net — $5 2H 2021 Utilization losses against future Eros profits in the US

Total $35 $50 100% Realized by 2nd half of CY21

15 ErosSTX Merger Transaction Summary

• On July 30, 2020, Eros International Plc (“Eros”) and STX Entertainment (“STX”) closed their previously announced merger to combine in a stock-for-stock, merger-of-equals transaction. – On September 23, 2020, the company changed its name to Eros STX Global Corporation and began trading on the NYSE under the ESGC ticker. • Former STX shareholders received 171.9 million Contingent Value Rights (CVRs) which convert into Transaction ESGC Class A common stock. A Form F-3 to register these shares was filed on December 16, 2020 Overview and is currently pending SEC approval. • $125 million of incremental equity contributed from new and existing investors as part of the transaction (including TPG, Hony, Liberty Global and others). • Company retains Foreign Private Issuer status and Isle of Man domicile, with dual-headquarters of Burbank, CA and Mumbai, India.

• Kishore Lulla serves as Executive Co-Chairman; Robert Simonds serves as Co-Chairman and CEO • Andy Warren serves as Chief Financial Officer, Noah Fogelson and Rishika Lulla Singh serve as Co- Leadership Presidents & • ErosSTX Board of Directors currently consists of eight members: Governance – Kishore Lulla, Rishika Lulla Singh, Dhirendra Swarup, Dilip Thakkar, Robert Simonds, Nick Stone, John Zhao and Shailesh Rao

• The transaction was accounted for as a reverse merger using the acquisition method with STX being the accounting acquirer in accordance with ASC 805, Business Combinations. Financial • Company has formally adopted US GAAP accounting standards. The Form 6-K dated December 16, Policies 2020 contains historical pro forma financial statements in US GAAP. • Ernst & Young was appointed the Company’s new auditor, effective December 2, 2020. Ernst & Young previously audited STX, while Grant Thornton India previously audited Eros.

16 Recent Financial Filings

Standalone Eros International Plc: • Fiscal 2020 annual report and financial statement in IFRS for the 12 months ended March 31, 2020 (Form 20-F dated July 30, 2020).

Standalone STX Entertainment: • Fiscal 2019 annual report and financial statements in US GAAP for the 12 months ended March 31, 2020 and the transition period for the 6 months ended March 31, 2020 (Form 20-F dated October 30, 2020). • Quarterly financial statements in US GAAP for the 3 months ended June 30, 2020 (Form 6-K dated December 16, 2020),

Combined ErosSTX: • Pro forma financial statements in US GAAP for the 12 months ended June 30, 2020 (Form 6-K dated December 16, 2020). • Registration Statement for 196.3 million ESGC class A shares issued to former STX stockholders in connection with the merger (Form F-3 dated December 16, 2020):

o 171.9 million shares underlying the contingent value rights (CVRs) issued to former STX preferred stockholders.

o 24.4 million shares issued to certain former STX investors pursuant to the PIPE financing announced at the time of the merger.

17 Economic and Voting Ownership Share

Economic Ownership Share Voting Ownership Share

Other STX Other 7.8% STX 5.0%

Liberty Global, Founder Shares Tencent, PCCW Liberty Global, 6.3% 6.6% Tencent, PCCW 4.2%

Founder Shares Hony 40.4% Pre-Merger Hony 15.0% STX Non-Founder 9.5% STX Investors Eros Investors Investors 29.8% 46.9% 46.8% Pre-Merger Non-Founder Eros Investors 29.8%

TPG 17.4% TPG 11.1%

18 Note: Post CVR Settlement with assumed VWAP of $2.09, as of 12/15/20. Pro forma for 40 mn management plan equity awards, pending Board approval. Seasoned Management Team with Global Experience

Kishore Lulla Robert Simonds Executive Co-Chairman Co-Chairman and Chief Executive Officer . Pioneer in global Indian film and entertainment . Founder of STX . . 35+ years in media and film industry Former film producer responsible for 30+ major studio titles

Rishika Lulla Singh Noah Fogelson Co-President Co-President . Previously managed all digital initiatives for Eros . 20+ years of experience . . Creator of largest Indian streaming platform – Eros Now Previously CEO of Crest Animation Productions

Andy Warren Prem Parameswaran Chief Financial Officer Head of Corporate Strategy . CFO of STX . 29+ years of experience in Media, Entertainment & Telecom sector . Former CFO of Discovery Communications and NBC . Former Global M&T Head at Jefferies; also has worked at Goldman Universal Television Sachs, Salomon Brothers and Deutsche Bank . Commissioner, President’s Advisory Commission for Asian Americans

Adam Fogelson Pradeep Dwivedi Chairman, STX Films Chief Executive Officer, ErosSTX India . Has been leading all aspects of film production and . 25+ years of experience across Media & Entertainment, Telecom, distribution for STX Banking & Financial services . Former Chairman of Universal Pictures . Formerly Senior Executive in Tata Group, American Express, Standard Chartered Plc & GE Capital India

Jada Miranda Ali Hussein President, Creative Development & Production Chief Executive Officer, Eros Now . 20+ years of industry experience . 18+ years of experience in the media entertainment and media . Previously served as a senior executive at XBOX, NBC technology space and HBO . Formerly Board advisor to Discovery Networks

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