Prime Focus Limited — Capital/Financing Update 2020

Apr 1, 2020

BANGALORE BEIJING CAPE TOWN CHANDIGARH DELHI GOA HYDERABAD JOHANNESBURG KOLKATA LONDON LOS ANGELES MUMBAI NEW YORK SINGAPORE TORONTO VANCOUVER

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April 1, 2020

To, To, The National Stock Exchange of India Limited BSE Limited Listing Department Listing Department Exchange Plaza, Phiroze Jeejebhoy Towers, Bandra-Kurla Complex Dalal Street, Bandra East, Mumbai – 400 051 Mumbai – 400 001 Fax Nos.: 26598237 / 26598238 Fax Nos.: 22723121 / 2037 / 2039

Dear Sir/ Madam,

Ref.: Scrip Code: BSE – 532748 / NSE – PFOCUS

Sub.: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “LODR Regulations”)

Further to our previous intimation letter dated February 14, 2020, please be informed that a share purchase agreement has been executed on March 31, 2020 between Prime Focus Limited (the “ Company ”), PF Media Limited (“ PF Media ”) (Formerly known as Reliance Mediaworks (Mauritius) Limited), incorporated in Mauritius and PF World Limited (“ PF World ”), incorporated in Mauritius, for sale of 100% equity shares by the Company of its wholly owned subsidiary, PF Media to PF World, a wholly owned subsidiary of the Company, on the terms and conditions as contained in the said share purchase agreement.

The details as required to be disclosed in relation to the above, pursuant to Regulation 30 of the LODR Regulations read with the SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015, are annexed herewith.

Kindly take the above on your record.

Thanking You, For Prime Focus Limited

Sd/-

Parina Shah Company Secretary & Compliance Officer

Encl.: a/a

Prime Focus Limited. Corporate Identity Number (CIN): L92100MH1997PLC108981 Prime Focus House, Linking Road, Opposite Citibank, Khar (West), Mumbai 400 052, India. T: +91 22 6715 5000 www.primefocus.com

BANGALORE BEIJING CAPE TOWN CHANDIGARH DELHI GOA HYDERABAD JOHANNESBURG KOLKATA LONDON LOS ANGELES MUMBAI NEW YORK SINGAPORE TORONTO VANCOUVER

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Annexure

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Particulars of Information required Particulars of Information provided
a) the amount and percentage of the As at March 31, 2019, PF Media Limited
turnover or revenue or income and net (previously known as Reliance
worth contributed by such unit or Mediaworks (Mauritius) Limited) has
division of the listed entity during the reported NIL Revenue and Networth of
last financial year; Rs. 184 crores which is 16.4% of
standalone networth)
b) Date on which the agreement for sale The share purchase agreement has been
has been entered into; executed on March 31, 2020
c) The expected date of completion of On completion of conditions precedent, as
sale / disposal; per the share purchase agreement
d) Consideration received from such sale The consideration for this transaction
/ disposal; would be upto USD 11 Million, subject to
adjustments as per the terms and
conditions of the share purchase
agreement
e) Brief details of buyers and whether any The buyer is PF World Limited,
of the buyers belong to the promoter / incorporated in Mauritius which is a direct
promoter group / group companies. If wholly owned subsidiary of the Company.
yes, details thereof;
f) Whether the transaction would fall Yes, the transaction is a related party
within related party transactions? If transaction, and is undertaken on ‘arms’
yes, whether the same is done at “arms length basis
length”;
g) Additionally, in case of a slump sale, NA
indicative disclosures provided for
amalgamation / merger, shall be
disclosed by the listed entity with
respect to such slump sale.
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Prime Focus Limited. Corporate Identity Number (CIN): L92100MH1997PLC108981 Prime Focus House, Linking Road, Opposite Citibank, Khar (West), Mumbai 400 052, India. T: +91 22 6715 5000 www.primefocus.com