1. 1 Adlabs Films Limited Investor Update : Quarter ended December 2007 January 30, 2008

2. 2 Financial Performance (Rs. In Crs) Last YearThis Qtr Preceding Qtr PeriodOct Dec 06Oct Dec 07YOYJul Sep 07QOQ Exhibition - Cinemas Revenues 24.15 42.3975% 40.614% EBIDTA 4.62 6.8448% 6.1611% Motion Picture Processing Revenues 19.35 24.3226% 21.7312% EBIDTA 8.63 7.83(9%) 10.17(23%) Film Production, Distribution & Television Revenues 42.84 46.9710% 82.65(57%) EBIDTA (1.60) 2.06 (2.57) Total from Operations Revenues 82.96 101.9423% 134.68(24%) EBIDTA 11.66 16.7444% 13.7622% Other Income ( Net of Unallocated Expenses) 17.80 34.1092% 14.18141% EBIDTA 29.46 50.4873% 27.9482% PBT 25.11 36.5045% 17.63107% PAT 22.53 21.72 21.043%

3. 3 Highlights of this quarter  131 cinema screens across 45 properties as of date - India’s largest cinema chain  Establishing a 200+ screens network in United States of America across 28 properties, 24 Cities which will be operational during the course of the year  Adlabs cinemas won the “Retailer of the Year” Award at the Reid & Taylor Awards for Retail Excellence for the 2nd consecutive year  Synergy Adlabs’ first Hindi fiction show – Jiya Jale on air on channel INX - highest TRP rating  Financial Highlights  Consolidated Revenue at Rs.129.5 Cr., YoY growth 23%  Consolidated EBIDTA at Rs. 50.8 Cr, YoY growth 73%  Consolidated PBT at Rs. 36.5 Cr, YoY growth at 45%  Consolidated PAT at Rs. 21.7 Cr

4. 4  Processed 6,201 prints, 31% increase over last year, 3% increase over previous quarter  Increase in revenue by 26% over last year & 12% over last quarter  During Jan to Mar ’08 : Slate of films include Halla Bol, Jodhaa Akbar, God Tussi Great Ho, Bombay to Bangkok, Sunday, Wednesday, The Great Indian Butterfly, Black N White, Woodstock Villa Services : Processing Lab

5. 5  Financials in the Quarter  Increase in revenue by 75% over last year & 4% over last quarter  Increase in EBIDTA by 48% over last year & 11% over last quarter  Current Footprint : 131 screens across 45 properties & total capacity of 45,238  Establishing a 200 screen chain with a nationwide footprint across the US, covering 28 cities including the key markets in East, Mid West and West Coast.  To play mainstream Hollywood films and Indian films viz., Hindi, Tamil and Telugu.  Screens will be operational during the course of the year  Prestigious property launched – Adlabs at ‘The Great India Place’ at Noida  Adlabs Cinemas won the ‘Retailer of the Year’ Award at the Reid & Taylor Awards for Retail Excellence for the 2nd consecutive year Cinemas

6. 6  Performance in the Quarter  Limited releases this quarter  Production of Khoya Khoya Chand  Distribution of Jab We Met, Khoya Khoya Chand & Hanuman Returns in select territories  Major Films under Production in 2008  Vipul Shah’s Singh is Kinng starring Akshay Kumar & Katrina Kaif  Harry Baweja’s Love Story 2050 starring Harman Baweja & Priyanka Chopra  Ram Gopal Varma’s Sarkaar Raaj starring Amitabh Bachchan, Abhishek Bachchan & Aishwarya Rai  Ocher Studios’ Animation Feature Film Sultan – The Warrior featuring Rajinikanth Content: Movies Production & Distribution

7. 7 Content - Television  Successfully completed celebrity dance show Jhalak Dikhla Ja–2, on Sony TV  First Hindi fiction – Jiya Jale went on air on channel INX - highest TRP rating  Bollywood based quiz show Bollywood Ka Boss hosted by Boman Irani, on Sahara Filmy  Education based fiction Angrezi Mein Kehte Hai to go on air on NDTV Imagine  16 shows commissioned/ under production translating into 1000 hrs of programming

8. 8 Never a dull moment For any clarifications please contact V.Devarajan, Chief Financial Officer, Adlabs Films Ltd email: venkat.devarajan@adlabsfilms.com, Mobile: 9320086278