EROS Eros

TIDMEROS

RNS Number : 0603H

Eros International PLC

06 July 2012

Eros International plc announces satellite television licensing deal with COLORS' Viacom18

6(th) July 2012: Eros International plc ('Eros' or 'the Company'), a leading global company in the Indian film entertainment industry, announced it has signed a licensing agreement with COLORS' Viacom18 Media Pvt. Ltd for new and forthcoming releases and library films to be shown exclusively on Viacom18's COLORS channel in India.

The forthcoming titles include the Saif Ali Khan - Deepika Padukone starrer Cocktail, directed by Homi Adajania, Bela Bhansali Sehgal's Shirin Farhad Ki Toh Nikal Padi with Farah Khan and Boman Irani, and Akshay Kumar's Khiladi 786.

Commenting on the agreement, Jyoti Deshpande, Group CEO & Managing Director said, "We are really excited to have concluded this significant deal with Viacom. The deal is consistent with our pre-sales strategy to de-risk our content slate investment and also consistently unlock value from our film library. We have tailor-made this bundle of films for Viacom to suit their target audience and hope to work with them closely through the marketing and release of these films".

Shedding light on the licensing deal, Raj Nayak, CEO - Colors said, "Being a Hindi General Entertainment Channel, we are committed to providing wholesome entertainment to our viewers. Movies are no exception; hence the existing list of titles is being expanded to include the forthcoming titles from Eros. With the added titles, we will continue to showcase new and interesting content to our audiences thereby keeping them engaged at all times."

For further information, please contact:

Eros International Plc

Sean Hanafin

Chief Corporate & Strategy Officer

T: +44 (0)20 7258 9909

Jamie M.M. Kirkwood

Group Communications & Investor Relations

T: +44 (0)20 7258 9906

Investec Bank plc

Nominated Adviser & Joint Broker

Patrick Robb / Jeremy Ellis / Carlton Nelson

T: +44 (0) 20 7597 5000

Peel Hunt LLP

Joint broker

Richard Kauffer / Dan Harris / Andy Crossley

T: +44 (0) 20 7418 8900

Pelham Bell Pottinger

Nick Lambert / Victoria Geoghegan / Elizabeth Snow

T: +44 (0) 20 7861 3232

About Eros International Plc

-- Eros co-produces, acquires and distributes Indian language films, in multiple formats worldwide

   --     In 2006, Eros listed its shares on the AIM Market of the London Stock Exchange 

-- In October 2010, Eros International listed its Indian subsidiary Eros International Media on the BSE & NSE in India

-- Eros operates in over 50 countries, with offices throughout India, the United Kingdom, USA, UAE, Singapore, Australia, Fiji and the Isle of Man

A registration statement relating to Eros' A Ordinary Shares has been filed with the United States Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Some of the information presented in this press release and in related comments by Eros' management contains forward-looking statements. In some cases, these forward-looking statements are identified by terms and phrases such as "aim," "anticipate," "believe," "feel," "contemplate," "intend," "estimate," "expect," "continue," "should," "could," "may," "plan," "project," "predict," "will," "future," "goal," "objective," and similar expressions and include references to assumptions and relate to Eros' future prospects, developments and business strategies. Similarly, statements that describe Eros' strategies, objectives, plans or goals and statements regarding the proposed offering and the anticipated costs of these transactions are forward-looking statements and are based on information available to Eros as of the date of this press release. Forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant statement. Such risks and uncertainties include a variety of factors, some of which are beyond Eros' control, including market conditions. Information concerning these and other factors that could cause results to differ materially from those contained in the forward-looking statements is contained under the caption "Risk Factors" in Eros' Registration Statement on Form F-1 filed with the U.S. Securities and Exchange Commission. Eros undertakes no obligation to revise the forward-looking statements included in herein to reflect any future events or circumstances, except as required by law. Eros' actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements.

This information is provided by RNS

The company news service from the London Stock Exchange

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