FY : Business Review June 30, 2009 Films Limited

2 Highlights : FY 09  BIG Cinemas screens increased from 147 screens to 429 screens  Added 54 screens to reach 201 screens in India  Added 165 screens in US  Added 63 screens in Malaysia  Awarded ‘International Exhibitor of the Year’ at CineAsia, Macau  Launched the state-of-the-art DI lab and achieved market leadership in 9 months  Launched Digital Cinema Mastering and is now India’s leading provider of DCI-grade digital cinema services, including mastering, installation & service  World first of commercial distributing film over fibre  Established and built a leadership position in the broadcast equipment rental and technical support business  Acquired Lowry Digital, a premier and prestigious image enhancement entity, based in Los Angeles

3  Conceptualised a Media BPO business for digital restoration and content processing services facilities  Currently operational with 300 persons and executing a prestigious NFAI assignment  Conceptualised and implementing 200,000 sq ft studio facility, with 8 sound stages, at Film City Studio in Mumbai  Will support a mix of film and TV content  First phase operational from October 2009  Employee and associate strength: 3,500  Management depth : 125 professionals with > 10 years experience Highlights : FY 09

Film Exhibition

Cinemas : India, US & Malaysia 5 Financials  Consolidated turnover of Rs. 345 Crores, which is a 120 % increase over previous year  EBIDTA loss of Rs.10 Crores (against a profit of Rs.18 Crores in previous year)  Loss primarily on account of :  Business scale-up and stabilisation : 282 screens added across 62 locations  US refurbishment and re-branding in progress  Project expenses written off  Weak Q 4 performance of films Box Office Statistics India  Account for 11-14% of NBOC for Hindi films  Amongst the 6 national chains, BIG contributes to 21% of total NBOC & 30% of total Admissions Malaysia  3 rd largest operator with 10% of total BOC across Malaysia

US Cinema Operations 6 US  Account for 25-35% of Hindi BOC and over 60% of Tamil & Telugu BOC, across US  Q1 strike impact marginal : Hollywood films like Fast & Furious, Terminator - Salvation, X Men - Origins, Star Trek, Angels & Demons and Regional Content like Ayan & Kick have resulted in strong box office collections  Refurbishment exercise kicked off with cinema at Chicago  11 properties to be completed in a phased manner by October

Film services

8 Adlabs has built competencies in handling film : being leveraged to cover a range of services Successfully built a presence across the film and media value chain TV/ DTH/ IPTV Mobile Adlabs BPO

Lab & Mechanical effects Processing Lab  Retained dominant market share in hindi films  219 films processed across Mumbai, Chennai & Kolkata with 28,866 prints Digital Intermediate  Business commissioned in Jun’08; within 9 months became a market leader with 40% market share  Over 40 films including Singh is Kinng, Sarkaar Raaj and Delhi 6 Equipment Rentals and technical support : Lights, Cameras, Grips  Established presence in TV broadcasting over the last 1 year as a premium service provider  Major shows and events covered : Oye! its Friday, Nach Baliye 4, Jhalak Dikhla Ja, Indian Telly Awards, ITA Awards, Delhi Half Marathon, ET Corporate Awards, Standard Chartered Mumbai Marathon, NDTV Telethon among others Conceptualized and implementing a 200,000 sq ft studio facility in Mumbai 9

Digital Services Lowry Digital  Lowry Digital, a premier and prestigious image enhancement entity based in Los Angeles, recently completed work on the movie “The Curious Case of Benjamin Button”, which received 13 Oscar nominations and 11 BAFTA nominations  Revenues of FY 09 were up 100% over the previous year Digital Cinema Mastering  Market leader in digital cinema mastering, installation and distribution  First in the world to commercially distribute digital cinema films over the optic fiber cable (OFC), using Reliance Communications’ FLAG network, from India to US Conceptualised and implementing one of the largest Media BPOs facility in Mumbai All new businesses added in services space are already cash positive 10

Big Synergy

Synergy Adlabs is a key player in Television Programming  Revenue for FY 09 were Rs. 40 crores, up 38% over previous year  EBIDTA of Rs. 8.9 crores, up 70% over previous year  Shows completed include : Kya Aap Panchavi Pass Se Tez Hain, Dus Ka Dum, Aap Ki Kachehari, Angrezi Mein Kehte Hain, Jiya Jale, Bollywood Ka Boss & Champ 12

Financials FY 09

Financials FY 09 (Rs. In Crores) 14 Current YearLast Year*% Change Revenue EBIDTA from Operations Depreciation Interest Profit before tax (49.61)44.05 (212.62) Taxation5.02(3.96) ( ) Profit after taxation(54.63)48.01 ( ) * Nine months

Thank you Please contact : V.Devarajan, CFO, Mobile: