27 November 2012

VILLAGE ROADSHOW PICTURES EXTENDS WARNER BROS. ENTERTAINMENT PARTNERSHIP AND FILM FINANCE FACILITY

Village Roadshow Limited (VRL) today announced that Village Roadshow Pictures (VRP), part of the 47.6% VRL owned Village Roadshow Entertainment Group (VREG) had extended its long- standing partnership with Warner Bros. Entertainment (Warner Bros). VRP and Warner Bros. will continue to co-produce and co-finance films up to the end of 2017. In concert with the Warner Bros. deal, VRP also renewed and upsized its film production finance to US$1.125 billion through to 2017 to finance its future slate of films.

VRL Executive Chairman Robert Kirby said “VRP has solidly cemented its foundations with this funding extension and the wonderful Warner Bros. partnership. VRL looks forward to seeing VRP flourish over the next five years.”

“VRP now has the firepower of the financing locked away, the best management in the business and the renewal of its long term relationship with Warner Bros. which puts it in fantastic shape. Warner Bros. continues to be the industry leader in film production, distribution and marketing,” said Graham Burke, CEO of VRL.

“We have had a long, successful relationship with Village Roadshow, and we are pleased they will continue to be our partner in making great movies,” added Barry Meyer, Chairman and CEO of Warner Bros.

“Working together, our companies have produced and released many popular and successful films, and we expect that to continue into the future with this agreement,” said Jeff Robinov, President, Warner Bros. Pictures Group.

Warner Bros. and VRP will continue to collaborate on high calibre, star-driven films, which have resulted in blockbuster hits including the Sherlock Holmes, Ocean’s and Matrix franchises and Academy Award animated picture winner Happy Feet.

Upcoming releases include Gangster Squad (Australian release 10 January 2013) and The Great Gatsby under the direction of Baz Luhrmann starring Leonardo DiCaprio, Carey Mulligan and Tobey Maguire (Australian release 30 May 2013). Films currently in production include LEGO: The Movie, an animated feature film adventure, All You Need Is Kill, an epic sci-fi thriller starring Tom Cruise and Emily Blunt, and Mad Max: Fury Road, an action adventure starring Charlize Theron and Tom Hardy directed by George Miller.

VREG is the holding company of Village Roadshow Pictures, Village Roadshow Entertainment Group Asia and Concord Music Group. VREG is 47.6% owned, but not controlled by VRL, which equity accounts the results of VREG. The extension of the arrangements also results in the For personal use only use personal For elimination of the contingent liability referred to in VRL’s 30 June 2012 accounts (Note 21(v)).

VILLAGE ROADSHOW LIMITED ABN 43 010 672 054 Head Office: Level 1, The Jam Factory, 500 Chapel St, South Yarra VIC 3141 PO Box 2275, Prahran, VIC 3181, . Telephone +61 3 9281 1000 Facsimile +61 3 9660 1763