Eros International PLC Eros announces Indian Subsidiary Results (9548F)

TIDMEROS

RNS Number : 9548F

Eros International PLC

31 May 2013

31 May 2013

Eros International Plc announces Indian Subsidiary Results

Eros International Plc (the "Group" or "Eros"), a leading global company in the Indian film entertainment industry, announces the release on 31 May 2013 of consolidated financial results by its majority-owned subsidiary, Eros International Media Limited ("Eros International" or the "Company"), for the quarter and year ended 31 March 2013.

Please refer to the following link for the full results: http://www.erosintl.com/

In light of the proposed NYSE listing by Eros International Plc (the ultimate parent company of Eros International Media Limited) and consistent with US quiet period rules, the company will not be issuing guidance in relation to current or future years' financial performance at this time.

Eros International Plc has reported:

-- Strategic alliance with HBO Asia announced in December 2012 and Premium Pay-TV offering launched ahead of schedule (February 2013)

-- A solid year in terms of financial performance, as the Company re-balances and positions for future growth with HBO partnership

-- Major box office successes and continued monetisation of catalogue in existing and new markets continue to drive market leadership

   --      Successful launch of 'Eros Now' highlighting digital strategy 

Eros International Plc (the 'Group") will be announcing its full year results by mid June.

Contact:

Eros International Plc

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 / Carlton Nelson

T: [phone]

Peel Hunt LLP

Joint broker

Richard Kauffer / Dan Harris / Andy Crossley

T: [phone]

Pelham Bell Pottinger

Nick Lambert / Victoria Geoghegan / Elizabeth Snow

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 listed its Indian subsidiary Eros International Media Limited ("Eros International") 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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