Eros International PLC Eros & Sony Entertainment co-production deal

TIDMEROS

Eros International PLC

14 February 2013

EROS INTERNATIONAL PLC ("Eros" or the "Company")

Eros & Sony Entertainment come together in a landmark co-production deal

'Bhajathe Raho' to be co-produced & distributed by the two global studios

London, 14(th) February 2013: Eros, a leading global company in the Indian film entertainment industry, and Multi Screen Media Private Limited (Sony Entertainment), one of the largest Indian television networks, will co-invest and co-produce Shashant Shah's 'Bhajathe Raho'.

Eros and Sony Entertainment will jointly produce and distribute the film which is currently under production. Directed by Shashant Shah who has previously directed 'Chalo Dilli' for Eros, 'Bhajathe Raho' stars an ensemble cast of Tusshar Kapoor, Ranveer Shorey, Vinay Pathak, Ravi Kissen, Dolly Alhuwalia and others. The film is due to be released mid-2013.

Commenting on the tie-up, Jyoti Deshpande, Group CEO & Managing Director, Eros said, "We are excited about the Eros-Sony deal. Film and television are at the epicenter of Indian media and entertainment and a collaboration such as this is complementary to our respective strengths. With film companies becoming TV companies and vice versa, the undisputed winner is original content and we hope to further build on this relationship with a global brand like Sony."

N.P Singh, Chief Operating Officer, Multi Screen Media Private Limited added, "As a major Indian television network, we are very happy to enter into this agreement with a leading Indian studio like Eros to develop and release high quality original Indian content to fans of Indian cinema across the world".

For further information, please contact:

Eros International Plc

Andrew Heffernan

Chief Financial Officer

T: [phone]

Sean Hanafin

Chief Corporate & Strategy Officer

T: [phone]

Jamie M.M. Kirkwood

Group Communications & Investor Relations

T: [phone]

Investec Bank plc

Nominated Adviser & Joint Broker

Jeremy Ellis / Patrick Robb / Carlton Nelson

T: [phone]

Peel Hunt LLP

Joint broker

Richard Kauffer / Daniel Harris

T: [phone]

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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