Citi to underwrite $100mn for Eros Intl

Mumbai, 4th Sept, 2007: Eros International Plc ("Eros"), the leading integrated media company within the Indian entertainment sector, announced that Citigroup Global Markets Limited has underwritten a $100m 5-year acquisition financing facility to support Eros's strategy of consolidating the fragmented Indian entertainment content sector.

Mr. Kishore Lulla, Chairman & CEO, Eros International said: "This facility will increase Eros' firepower to create significant value for our shareholders and partners through the acquisition and production of Indian entertainment content. We are uniquely positioned to exploit this content through the skills, relationships and infrastructure we have developed over our 30-year heritage.

As we have demonstrated with our recent acquisition of 51% of Ayngaran International (a leading Tamil-language film company) and commitment to invest in the development of that business, we believe that many high quality opportunities exist within the Indian entertainment content sector for us to create value for our shareholders."

About Eros International plc: Eros International plc is a well established global player in the fast-growing Indian media and entertainment arena. Being vertically integrated means that Eros not only produces and commissions films, like a studio, but it also distributes/exploits films across formats globally via cinemas, home entertainment, television formats and new media. Established in 1977, Eros International has three decades of market leadership in creating a global platform for Indian cinema. The company operates in over 50 countries with worldwide offices in India, UK, USA, Dubai, Australia, Fiji and Isle of Man. It has built a successful business model around the release of 30-40 new films every year and the exploitation of a film library containing more than 1,300 titles, making it one of the largest content owners in the business. Global Distribution, Motion Pictures, Music, Home Entertainment, e-Television, New Media and Animation are the main Strategic Business Units of Eros. Eros enters its 30th year in the business with the vision of consolidating the fragmented industry, the strategy of operating a vertically integrated business model and the motto: 'Powering Indian Cinema'.