Report on the performance for the Quarter & Year en ded June 30, 2011

PVR LIMITED

(Incorporated on April 26, 1995 as Priya Village Roadshow Limited and obtained certificate of commencement of business on December 4, 1995. On June 28, 2002 the name of our company was changed to PVR Limited)

Block A, 4th Floor, Building No 9, DLF Cybercity Phase II, Gurgaon – 122002, Haryana, India Phone: (91-0124) 4708100 Fax: (91-0124) 4708101

Aug 8, 2011

The financial statements included in this quarterly report fairly presents in all material respects the financial condition and results of operations of the company as of, and for the periods presented in this report.

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Disclaimer

Safe Harbor: - Some information in this report may contain forward-looking statements. We have based these

forward looking statements on our current beliefs, expectations and intentions as to facts, actions and events that

will or may occur in the future. Such statements generally are identified by forward-looking words such as

“believe”, “plan”, “anticipate”, “continue”, “estimate”, “expect”, “may”, “will” or other similar words. A forward-looking

statement may include a statement of the assumptions or bases underlying the forward-looking statement. We

have chosen these assumptions or bases in good faith, and we believe that they are reasonable in all material

respects. However, we caution you that forward-looking statements’ and assumed facts or basis almost always

vary from actual results, and the differences between the results implied by the forward-looking statements and

assumed facts or bases and actual results can be material, depending on the circumstances. You should also

keep in mind that any forward-looking statement made by us in this report or elsewhere speaks only as of the date

on which we made it. New risks and uncertainties come up from time to time, and it is impossible for us to predict

these events or how they may affect us. We have no duty to, and do not intend to, update or revise the forward-

looking statements in this report after the date hereof.

The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties

regarding fluctuations in earnings, our ability to manage growth, intense competition in multiplex business due to

the entry of new players, including those factors which may affect our cost advantage, lack of good quality content,

onset of new technologies such as DTH, IPTV and increasing penetration of Home-video, which may impact

overall industry growth, wage increases in India, real estate costs increases, delay or failure In handover of

properties from real estate developers, the success of our subsidiary companies, withdrawal of entertainment tax

exemption granted by government and general economic conditions affecting our industry.

In light of these risks and uncertainties, any forward-looking statement made in this report or elsewhere may or

may not occur and has to be understood and read along with this disclaimer.

Others: In this report, the terms “we”, “us”, “our”, “PVR”, “PVRL” or “the Company”, unless otherwise implies, refer

to PVR Limited (“PVR Limited”) and its subsidiaries, PVR Pictures Limited, PVR Blu-O Entertainment Ltd and CR

Retail Malls (India) Limited

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TABLE OF CONTENTS

Section 1 Standalone & Consolidated Financial Resu lts 4

Section 2 Management Discussion & Analysis

2.1 Exhibition Business Performance 7

2.2 Operational Highlights 9

2.3 Performance of Subsidiary companies 12

2.4 Key Developments 13

2.5 Upcoming Films for next 3 months 14

2.6 List of Current Properties 16

2.7 New Property openings – FY 2011-12 17

Section 3 Shareholding Pattern as on 30 th June, 2011 18

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Section 1: Standalone & Consolidated Financial Resu lts

PVR Ltd Unaudited Financial Results for the Year ended June 30, 2011

(Rs. In lacs)

STANDALONE CONSOLIDATED

Sl. No. Particulars

Quarter ended Year ended Quarter ended Year ended 30.06.2011 30.06.2010 31.03.2011 30.06.2011 30.06.2010 31.03.2011

(Audited)

(Audited)

1 Net Income from Operations 10,394 8,675 34,915 11,646 10,196 45,729 2 Other Operating Income 55 67 284 69 115 390 3 Total 10,449 8,742 35,199 11,715 10,311 46,119 4 Expenditure

a) Film Distributors' Share 2,969 2,552 10,116 2,922 2,659 10,064

b) Movie Distribution and Print Charges - - - 254 260 3,174

c) Consumption of food and beverages 690 585 2,181 734 649 2,420

d) Cost of goods purchased for sale - - - 2 2 7

e) Employees Cost 1,255 1,014 4,062 1,393 1,191 4,731

f) Rent 1,360 1,209 4,664 1,425 1,286 4,953

g) Repairs and maintenance 883 838 3,169 960 928 3,523

h) Electricity and water 599 565 2,003 638 632 2,245

i) Depreciation/Amortization 613 586 2,411 1,255 758 6,741

j) Other Expenditure 997 886 3,731 1,395 1,156 6,081

5 Total Expenditure 9,366 8,235 32,337 10,978 9,521 43,939

6 Profit / (Loss) from Operations before Other Income, Interest and Exceptional Items

1,083 507 2,862 737 790 2,180

7 Other Income 202 267 803 225 295 770

8 Profit / (Loss) before Interest and Exceptional Items 1,285 774 3,665 962 1,085 2,950

9 Interest 353 344 1,374 353 345 1,377

10 Profit / (Loss) after Interest but before Exceptional Items

932 430 2,291 609 740 1,573

11 Exceptional Items 1,696 - - 1,217 - -

12 Profit / (Loss) from ordinary activity before taxes 2,628 430 2,291 1,826 740 1,573

13 Income Tax (including deferred tax, other tax adjustments and net of MAT credit receivable)

(381) (85) (657) (384) (184) (1,541)

14 Net Profit / (Loss) (PAT) 2,247 345 1,634 1,442 556 32

15 Extraordinary Items ( net of tax expenses)

- - - - - -

16 Share of Minority Interest in Losses - - - 107 (49) 786 17 Net Profit / (Loss) for the year 2,247 345 1,634 1,549 507 818 18 Paid-up Equity Share Capital 2,718 2,563 2,715 2,718 2,563 2,715

Paid-up value of Non- convertible Debentures

2,900 2,900 2,900 2,900 2,900 2,900

19 Reserves and Surplus

26,060

31,422

20 Basic Earning Per Share - not annualized 8.28 1.34 6.03 5.71 1.98 3.02

Diluted Earning Per Share - not 8.22 1.34 6.01 5.67 1.97 3.01

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annualized

(fully paid up equity share of Rs.10 each)

Debt Equity Ratio 0.54 0.66 0.56 0.48 0.53 0.47

Debt Service Coverage Ratio 2.88 1.43 1.17 3.06 1.48 1.02

Interest Service Coverage Ratio 7.51 3.95 3.53 8.17 5.35 5.63

21 Aggregate of Public Shareholding

Number of shares 15,574,010 16,065,839 15,573,916 15,574,010 16,065,839 15,573,916

Percentage of shareholding 57.31% 62.68% 57.36% 57.31% 62.68% 57.36%

22 Promoters and Promoter Group Shareholding

a) Pledged/Encumbered

Number of shares 1,270,000 500,000 1,270,000 1,270,000 500,000 1,270,000

Percentage of shares (as a % of the total shareholding of promoter and promoter group)

10.95% 5.23% 10.97% 10.95% 5.23% 10.97%

Percentage of shares (as a % of the total share capital of the Company)

4.67% 1.95% 4.68% 4.67% 1.95% 4.68%

b) Non-Encumbered

Number of shares 10,332,092 9,066,091 10,305,456 10,332,092 9,066,091 10,305,456

Percentage of shares (as a % of the total shareholding of promoter and promoter group)

89.05% 94.77% 89.03% 89.05% 94.77% 89.03%

Percentage of shares (as a % of the total share capital of the Company)

38.02% 35.37% 37.96% 38.02% 35.37% 37.96%

Notes: 1 Status of investor complaints / queries received during the quarter ended June 30, 2011 Pending at the beginning Nil; Received 01; Disposed 01; Pending at the end Nil 2 Income from Operations as disclosed above are net of Entertainment Tax, Value Added Tax and Service Tax collected on

generating such Incomes 3 Exceptional items include profit on sale of investments in a subsidiary

4 The Board has approved buy back of Company's own shares for a sum up to 10% of its paid- up Equity share Capital and free reserves from the open market. Pursuant to the above, the Company has till 5th August, 2011 purchased 1,083,073 no. of equity shares

5 The Company has on 5th July, 2011 purchased 40% share capital of PVR Pictures Limited from JP Morgan Mauritius Holdings IV Limited and ICICI Venture Funds Management Company Limited. Subsequent to the above purchase, PVR Pictures has now become a wholly owned subsidiary of the Company

6 The Board of Directors in its meeting dated August 8, 2011 has approved a Composite Scheme of arrangement entailing demerger

of the Production business undertaking of PVR Pictures Limited (its wholly owned subsidiary) with the Company and financial restructuring

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7 The Segment-wise revenues, results and Capital Employed of the Consolidated Financials are given below :- (Rs in lacs)

S.No Particulars Quarter ended Year ended

30.06.2011 30.06.2010 31.03.2011 1. Segment Revenues

Movie Exhibition 10,610 9,485 38,060

Movie Production & Distribution 806 534 7,489

Bowling Alleys 397 382 1,419

Inter Segment Revenues / Elimination (99) (90) (849)

Total 11,714 10,311 46,119 2. Segment Results

Movie Exhibition 2,398 771 3,944

Movie production & Distribution (458) (106) (2,061)

Bowling Alleys 120 125 297

Total 2,060 790 2,180

Interest (Net)/ Dividend 234 50 607

Profit/ ( Loss) before Tax 1,826 740 1,573 3. Capital Employed

Movie Exhibition 44,463 33,510 43,182

Movie production & Distribution 10,781 8,576 11,269

Bowling Alleys 2,089 1,310 1,974

Total 57,333 43,396 56,425

Unallocable (16,290) (5,908) (16,850)

8 The Company has applied to the Central Government for their approval for the excess remuneration of `. 84.77 lacs paid to its working Directors for the financial years 2008-11. The approval of the Central Government is awaited

9 The Company has during the quarter issued 26,730 No. of Shares to its employees in accordance with the PVR ESOP Schemes 2008

10 The Company has challenged amendments in the provision of levy of the Service Tax w.e.f June 1, 2007 in the Finance Act2010 before Honourable High Court of Delhi. The said Court has granted the Company an interim injunction and has stayed payment of Service Tax by the Company

11 The Consolidated and Standalone Results have been reviewed by the Audit Committee and approved by the Board of Directors

at their meeting held on 8 th August, 2011. The financial results of PVR Limited (Standalone) have been subjected to limited review by the Statutory Auditors in terms of Clause 41 of the Listing Agreement.

12 Previous year/ period figures have been regrouped/rearranged, wherever considered necessary

13 The above financial results are available at company's website www.pvrcinemas.com and also on the websites of the NSE and BSE

By Orde r of the Board For PVR LIMI TED

Place: Gurgaon Ajay B ijli Date: Aug 8, 2011 Chairman cum Managing Director

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For the purpose of analysis, overall performance of the Exhibition business has been analyzed below after incorporating

the results of the company’s 100% subsidiary CR Retail Malls India Pvt Ltd which operated the Phoenix mill property in

Mumbai till 17th May, 2011. PVR has sold his entire shareholding in CRR and has entered into a lease agreement with

CRR to continue to operate the multiplex property on a long term lease basis.

Years Quarter Ended

Q1, 2011-12 Q1, 2010-11 Growth

Net Operating Income 10,545 9,402 12%

Other Operating Income 65 82 -21% Total Operating Income 10,610 9,484 12%

Film Distributor's Share 3,004 2,742 10% F & B 700 614 14% Personnel Expenses 1,258 1,044 20%

Rent 1,360 1,209 12% Operating and other Expenses 2,567 2,452 5% Total Expenditure 8,888 8,061 10%

Operating Profit 1,721 1,424 21%

Operating Profit Margin 16% 15% Other Income* 1,837 157 1068% EBITDA 3,558 1,581 125%

EBITDA Margin 29% 16% Depreciation/amortization 648 653 -1% EBIT 2,911 928 214%

Financial Expenses 353 344 2% Profit before Tax 2,558 583 338%

Tax 351 132 165%

Profit after Tax 2,208 451 389%

Particulars As on June 2011 As on June 2010 Growth

Properties under Operation** 33 32 3%

Screens under Operation 142 136 4%

Seats under Operation 36877 35375 4%

* Other Income includes Profit of Rs 1696 lakhs on account of sale of shares of CRR

** Properties under operation include 2 properties namely Oppulent and Mahagun in Ghaziabad which are operated on

Franchise/ Management basis. The company does not consolidate any revenues/costs for these properties in its financial

results.

Section 2.1 – Exhibition Business Performance

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In comparison with corresponding quarter last year, Q1 2010-11 was a relatively better quarter for the cinema exhibition

industry. The Footfalls and revenues during the quarter witnessed a robust growth on account of good performance of

major blockbusters like “ Ready”, “ Double Dhamaal”, “ Hangover II” “ Dum Maaro Dum” , “ Pyaar ka Punchnama” etc

Revenue Side Analysis

Figures in Rs Lakhs Quarter ended

June-11 June-10 Growth

Ticket Sales/ Revenue Share Income 7,010 6,355 10%

Sale of Food and Beverages 2,080 1,787 16%

Advertisement Income 1,299 1,127 15%

Other Operating Income 220 216 2%

Total Opearting Income 10610 9484 12%

Other Income 1,837 157 1068%

Total Income 12,081 9,642 29% Analysis for the Quarter Ended June 2009 (Standalone Financials)

Cost Side Analysis

Figures in Rs Lakhs

Quarter ended

June-11 June-10 Growth

Film Distributors' Share 3,004 2,742 10%

Consumption of food and beverages 700 614 14%

Employee Cost 1,258 1,044 20%

Rent 1,360 1,209 12%

Other Expenditure 2,567 2,452 5%

Total Expenditure 8,888 8,061 10%

Cost Ratios ( As a % of Operating Income)

Quarter ended

Remarks

June-11 June-10

Film Distributors' Share 28.3% 28.9% Lower payout due to longer run of films

Consumption of F&B 6.6% 6.5% COGS% maintained at the same level

Employee Cost 11.9% 11.0% Rent 12.8% 12.8% Other Expenditure 24.2% 25.8%

Total Expenditure 83.7% 85.0%

Review of the quarter ended June 2011

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The operating performance has been analyzed by making a like to like comparison between properties which were

operational during the corresponding period of the previous year (classified as “Comparable Properties”), properties

which were not operational during the corresponding period of previous year (classified as “Non Comparable Properties”)

and new properties which commenced operations during the quarter (classified as “New Properties”)

For the quarter under review LDA Lucknow has been categorized under New/Non Comparable Properties. Two properties

of PVR namely Mahagun & Oppulent are on Franchise/ Management basis which have been categorized under

“Franchise Cinemas”

Footfalls & Occupancy

• We entertained approx 5.5 million patrons during Q1, FY 2011-12, higher by 9% from Q1, FY 2010-11

• The Footfalls & occupancy across our exhibition circuit during the quarter ended June 2012 was as under

Footfalls (Mn) Occupancy (%)

Quarter Ended Growth

Quarter Ended Growth

June -11 June-10 June -11 June-10

Comparable Properties 5.2 4.9 6% 30 30 -

New/ Non Comparable Properties 0.1 - - 16

-

Own Cinemas 5.3 4.9 8% 29 30 -1%

Franchise Cinema 0.2 0.2 - 19 19 -

Total Exhibition 5.5 5.1 9% 29 29 -

Despite the occupancy being maintained at the same level there is a increase in Footfalls YOY on account of increase in

average no of shows across the cinema circuit from 5.53 in Q1, FY 2010-11 to 5.75 in Q1, 2011-12

Section 2.2 – Operational Highlights

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Average Ticket Price (ATP)

• The average ticket prices in the quarter under review grew by 4% over corresponding period of previous year due to

increase in ticket pricing effected last year

• Overall ATP for Q1, FY 2011-12 witnessed a growth of 3% over Q1, FY 2010-11 (From Rs 157 to Rs 162)

• The ATP across our exhibition circuit during the quarter ended June 2011 were as under

Average F&B Realization (SPH)

• The average F & B realization grew at a robust rate of 8% across comparable properties in the quarter ended

June 2011 over the corresponding period of previous year.

• Overall SPH for Q1, FY 2011-12 witnessed an increase of 7% as compared to Q1, FY 2010-11

• The Spend per Head across our cinema circuit during the quarter ended June 2011 was as under:

ATP (Rs )

Quarter Ended

Growth

June -11 June-10

Comparable Properties 163 157 4%

New/ Non Comparable Properties 129 - -

Total Exhibition 162 157 3%

SPH (Rs )

Quarter Ended Growth

June -11 June-10

Comparable Properties 44.0 40.9 8%

New/ Non Comparable Properties 31.7 . -

Total Exhibition 43.7 40.9 7%

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Advertisement Income

Advertising income during the quarter under review was Rs.1299 lakhs as compared to Rs 1127 lakhs during the

corresponding quarter of previous year, higher by 15%

Advertising Income (In Lakhs)

Quarter Ended Growth

June -11 June-10

Comparable Properties 1291 1127 15%

New/ Non Comparable Properties 8 - -

Total Exhibition 1299 1127 15%

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PVR Blu-O

PVR Blu-O is a 51:49 JV between PVR Ltd and Major Cineplex Group Plc based out of Thailand. Presently

operates India’s largest bowling alley center in Ambience Mall, Gurgaon. For Q1, FY 2011-12, the subsidiary

grossed an income of Rs 400 lacs, EBITDA of 153 lakh delivering EBITDA margin of 38% and PAT of Rs 83 lacs.

PVR Pictures

Overall revenues for the quarter under review was impacted on account of poor performance of PVR own production

“3 They Bhai” at the box office. As a result the company incurred a loss of Rs 370 lacs at PAT level during Q1, 2011-

12

The distribution will be the key focus area for the company in FY 2011-12 and will continue to entertain the viewers.

The company has an excellent pipeline for Hollywood films for distribution in FY 2011-12 with diverse genres.

On the production side the company has 1 project “Shanghai” under production. The movie is directed by Dibakar

Banerjee starring Abhay Deol and Emran Hashmi and is expected to release in FY 2011-12.

–

Section 2.3: Performance of Subsidiary companies

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New Properties added during the quarter

Subsequent to the quarter under review the company has added one more property in Celebration Mall, Udaipur

having 4 screens and 1,150 seats. With the opening of this multiplex, the company now operates with 146 screens at

34 locations across 19 cities.

PVR Pictures becomes 100% subsidiary of PVR Ltd

On 5th July, 2011 PVR Ltd had bought the remaining 40% equity share capital of PVR Pictures from JP Morgan

Mauritius Holdings and ICICI Ventures. Subsequent to the above purchase, PVR Pictures has now become a wholly

owned subsidiary of the Company.

Buy Back of Shares

Pursuant to the buyback of shares approved by the Board of Directors, the Company has till 5th August, 2011 purchased

1,083,073 number of equity shares. The revised paid up equity share capital of the Company now stands at 26,093,029

shares.

: Key Developments

Section 2.4

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Section 2.5 – Upcoming Films for the next 3 months

Release Date* Movie Genre Banner Director Cast

12-Aug-11

Aarakshan Political Drama Big Pictures Prakash Jha Amitabh Bachan, Saif Ali Khan, Deepika, Manoj Bajpai

Sound Track Musical Saregama India Neeraj Ghosh Rajeev Khandelwal Phhir Romance / Thriller Big Pictures Girish Dhamija Rajneesh Duggal, Adah Sharma Captain America (3D) Action/Adventure Paramount

Pictures Joe Johnston Chris Evans, Samuel .L jackson

The Help Drama Big Pictures Tate Tylor Emma Stone, Viola Davis, Winnie the Pooh (2D) Animation / Family Walt Disney Stephen J.

Anderson Craig Ferguson, Jim Cummings

19-Aug-11

Sahi Dhandhe Galat Bande Action / Comedy Very Fishy Films Pravin Dabbas Vansh Bhardwaj, Tina Desai,

Not A Love Story Crime Ram Gopal Verma Mahie Gill, Deepak Dobriyal

Yeh Dooriyan Romance V1 Creations Deepshikha Ayub Khan, Salman Khan

Cover Story Thriller Glorious Entertainment

Laurence Postma Sunitha Ram, Laurence Postma

Chatur Singh Two Star Comedy K Sera Sera Ajay Chandoke Sanjay Dutt, Amisha Patel

Fright Night - 3D Comedy | Horror Big Pictures Craig Gillespie Anton Yelchin, Colin Farrell,

Super 8 Sci-Fi Paramount Pictures JJ Abrams Elle Fanning, Ron Eldard

Bad Teacher Comedy Sony Pictures Jake Kasdan Cameron Diaz, Justin Timberlake One Day Romance / Drama Pvr Pictures Lone Scherfig Anne Hathaway, Jim Sturgess Spy Kid -2, 3D & 4D

Adventure / Action Pvr Pictures Robert Rodriguez

Antonio Banderaes, Jessica Alba

26-Aug-11

Shabir Big Pictures Lalit Marathe Isha Kopikar, Pradeep Rawat Mr Bhatti on chutii Comedy Kran Razdhan Anupam Kher

Chitkabrey - Shades of Grey Social Avant Garde

Productions Sumeet Arora Ravi Kissan, Rahul Singh, Rajesh Shringapure

Delhi Safari Animation People Tree Films Pvt Ltd Namrata Sharma Govinda, Sunil Shetty, Urmila

Matondkar,

Your Highness Comedy Paramount Pictures

David Gordon Green

Natalie Portman, Zooey Deschannel

Apollo 18 Thriller/ Sci-Fi/Horror

Multivision Multimedia

Gonzalo Lopez-Gallego

Zookeeper Romantic Comedy Sony Pictures Frank Coraci Kevin James, Rosario Dawson, Final Destination 5 (3D) Horror / Thriller Warner Bros Steven Quale Nicholas D'Agosto, Emma Bell &

Arlen Escarpets

2-Sep-11

Bodyguard Romantic/ Action Big Pictures Siddique Salman Khan. Kareena Kapoor, Bol Eros Shohaib Mansur Aatif Aslam

U r my Jaan Romance Aron Govil Productions Inc. Aron Govil Himani Shivpuri

Love you to death Comedy A Fat Mama

Films Rafeeq Ellias Chandan Roy Sanyal, Yuki Ellias

That Girl in Yellow Boots Social / Thriller

National Film Development Corporation of India

Anurag Kashyap Kalki Koechlin, Naseruddin Shah, Divya Jagdale

Flypapper Comedy PVR Pictures Rob Minkof Patrick Dempsey, Ashley Judd,

9-Sep-11

Mere Brother Ki Dulhan

Romance/Comedy Yashraj Films Ali Abbas Jafar Imran Khan, Katrina, Ali Zafar

Tell me O Kkhuda Drama H M Creation Hema Malini,

Mayur Puri Esha Deol, Vinod Khanna, Rishi Kapoor, Dharmendra, Hema Malini

Bel Ami Drama PVR Pictures Declan Donnellan, Nick Ormerod

Robert Pattinson, Uma Thurman

Friends with Benefits Romantic comedy Sony Pictures Will Gluck Mila Kunis, Justin Timberlake,

Footloose Comedy/Drama /Musical

Paramount Pictures Craig Brewer Kenny Wormald, Julianne Hough

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Release Date* Movie Genre Banner Director Cast

16-Sep-11

Mausum Romance Eros Entertainment Pankaj Kapoor Shahid Kapoor, Sonam Kapoor,

Anupam Kher, Aditi Sharma

Azaan Action JMJ Ent / Percept Pic

Prashant Chadha Sachiin Joshi, Dalip Tahil

Force Drama/Action Fox Star Studios Nishikant Kamat John Abraham, Genelia

Drive Action / Drama Pvr Pictures Nicholas Winding Refn Ryan Gosling, Carey Mulligan

Johnny English 2 Comedy Paramount Pictures Oliver Parker Rowan Atkinson, Rosamund

23-Sep-11

Hum Tum Shabana

Comedy / Romance

Horseshoe Pictures Pvt. Ltd

Sagar Ballary Tusshar Kapoor, Shreyas Talpade, Minissha Lamba, Satish Kaushik

Breakaway Drama Hari Om Entertainment

Robert Lieberman

Vinay Virmani, Akshay Kumar, Anupam Kher

30-Sep-11

The Change Up Comedy Paramount Pictures David Dobkin Ryan Reynold

The Apparition Horror / Thriller Warner Bros Todd Lincoln Ashley Greene, Tom Felton,

Luv U Soniya Comedy / Romance

Harvey India Production Joe Rajan Tanuj Virwani, Neha Hinge

I M Singh Drama Puneet Issar Tulip Joshi, Mika Singh, Saheb Biwi Aur Gangser Action / Thriller Bohra Bros Pvt

Ltd Tigmanshu Dhulia

Jimmy Sheirgill, Mahie Gill, Randeep Hooda

7-Oct-11

Rascals Comedy Sanjay Dutt Productions David Dhawan Ajay Devgan, Sanjay Dutt, Arjun

Rampal, Kangna

Maaee Drama/ Alliance Media & Entertainment Pvt Ltd

Mahesh Kodiyal Asha Bhosle, Padmini Kolhapure, Shivani Joshi, Ram Kapoor

Moneyball Drama/ Sports Bennett Miller Brad Pitt, Robin Wright Real Steel Action | Drama Big Pictures Shawn Levy Hugh Jackman, Dakota Goyo

14-Oct-11

Mujshe Friendship Karoge Y Films Nupur Asthana Saqib Saleem, Saba Azad, Nishant

Dahiya & Tara D'souza

Happi Comedy Vistaar Religare Film Fund / WSG Picture

Bhavana Talwar Pankaj Kapoor

The Thing Horror / Mystery / Sci-Fi

Paramount Pictures

Matthija van Heijningen Jr. Mary Elizabeth Winstead,

30 Minutes or Less Action comedy Sony Ruben Fleischer Jesse Eisenberg, Danny McBride,

Three Musketeers (3D) Action / Thriller Pvr Pictures Ltd Paul W S

Anderson Logan Lerman, Matthew Macfadyen, Ray Stevenson

21-Oct-11

Contagion Action / Thriller Warner Bros Steven Soderbergh

Marion Cotillard, Matt Damon, Laurence Fishburne

Straw Dogs Thriller Sony Rod Lurie James Marsden, Kate Bosworth, Paranormal Activity 3 Horror Paramount

Pictures Henry Joost, Ariel Schulman Katie Featherston

28-Oct-11

Ra.one Action/ Adventure Eros International Anubhav Sinha Shah Rukh Khan, Arjun Rampal,

Kareena Kapoor

Damadamm Comedy / Romance Studio 18 Swapna

Waghmare Himesh Reshammiya, Sonal Sehgal, Purbi Joshi

The Rum Diary Adventure / Drama PVR Pictures Ltd Bruce Robinson

Johnny Depp, Amber Heard, Giovanni Ribisi, Aaron Eckhart

NOW - New title is IN TIME Fox Star Studios

Amanda Seyfried, Justin Timberlake, Cillian Murphy

Gangs of Wasseypur Crime Studio 18 Anurag Kashyap Manoj Bajpayee, Nawazuddin

Siddiqui,

My Friend Pinto Drama UTV Motion Pictures Prateek Babbar

Kahaani Drama Sujoy Ghosh Vidya Balan

Qasam Se Qasam Se Romance

Whispering Shadows Entertainment

Ashfaque Makrani Azim , Faith

*The above schedule is compiled based on the latest industry information and is subject to change.

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Section 2.6 – List of Current Properties

S.No City Name of property Screens Seats E Tax% on

net

E tax

exemption Opening date Exemption date

1 Delhi Anupam, Saket 4 1,000 20% No Jun-97

2 Delhi Priya, Vasant Vihar 1 944 20% No Jan-00

3 Delhi Naraina 4 830 20% No Aug-01

4 Delhi Vikaspuri 3 921 20% No Nov-01

5 Gurgaon Metropolitan Mall 7 1,310 30% No May-03

6 Faridabad Crown Plaza 2 504 30% No May-04

7 Delhi Plaza 1 300 20% No May-04

8 Bangalore Forum Mall, Bangalore 11 2,011 30% No Nov-04

9 Ghaziabad EDM 3 726 60% No Mar-05

10 Hyderabad Central Mall, Hyderabad 3 926 20% No Feb-06

11 Delhi Rivoli 1 329 20% No Feb-06

12 Indore Treasure Island, Indore 5 1,199 20% No Apr-06

13 Lucknow Sahara Mall, Lucknow 4 874 60% No Apr-06

14 Mumbai Juhu 5 1260 45% Yes Apr-06 Jun-07

15 Mumbai Nirmal Lifestyle, Mulund 6 1,815 45% Yes Jun-06 Sep-06

16 Gurgaon Sahara Mall 2 528 30% No Jul-06

17 Aurangabad Aurangabad 3 1,156 40% Yes Sep-06 Jan-07

18 Latur Latur 3 1,136 34% Yes Oct-06 Jan-07

19 Baroda Baroda 3 1,094 25% No May-07

20 Ludhiana Flamez Mall, Ludhiana 4 1,025 0% No Aug-07

21 Delhi Prashant Vihar 3 786 20% No Aug-07

22 Delhi Select City Walk Saket 6 1,238 20% No Nov-07

23 Gurgaon Ambience Mall 7 1,194 30% No Aug-08

24 Chandigarh Centra Mall 4 1,150 30% No July-08

25 Mumbai Goregaon 6 1,783 45% Yes May-08 Aug-08

26 Raipur Magneto 4 1,350 30% No Feb-10

27 Allahabad Vinayak 4 923 60% Yes Mar-10 Mar-10

28 Ghaziabad * Mahagun 3 1,028 60% No Mar-10

29 Ghaziabad * Oppulent 4 1,045 60% No Mar-10

30 Chennai Ampa Mall 7 1794 10% No Apr-10

31 Ahmedabad Acropolis 6 1349 25% No Apr-10

32 Lucknow Phoenix United Mall 6 1,502 60% Yes Sept-10 Sept-10

33 Mumbai Phoenix Mills 7 1,847 45% Yes Dec-08 Mar-09

34 Udaipur Celebration Mall 4 1,150 0% No July-11

Total – PVR Ltd 146 38,027

*Both the cinemas, Mahagun & Oppulent in Ghaziabad are operated on Franchise /Management basis

Total Seats 38,027

Seats enjoying tax exemption 11,422

As a % of total Seats 30%

Total Screens 146

Screens enjoying tax exemption 40

As a % of total Screens 27.4%

Geographical Distribution

North South West Total

Seats 19,307 4,731 13,989 38,027

% Distribution 50.8% 12.4% 36.8%

Screens 77 21 48 146

% Distribution 52.7% 14.4% 32.9%

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Section 2.7-New Property Openings-FY 2011-12

A tentative list of upcoming projects in FY 2011-12 with the expected opening schedule is provided below.

PVR CINEMAS

S.No Location Screens Expected Opening Schedule

1 Celebration Mall, Udaipur 4 Opened in July, 2011

2 Rahul Raj Mall, Surat 8 Q2, FY 2011-12

3 Treasure Bazaar Mall, Nanded 4 Q2, FY 2011-12

4 Ambience Mall, Vasant Kunj, Delhi 4 Q2, FY 2011-12

5 Market City, Pune 9 Q3, FY 2011-12

6 Avani Mall, Kolkata 4 Q3, FY 2011-12

7 Plaza center, Pune 7 Q4, FY 2011-12

8 MBD, Jallandhar 4 Q4, FY 2011-12

9 Orion Mall, Bangalore 11 Q4, FY 2011-12

Total 55

PVR Blu-O

Sl. No Location No of Lanes Expected Opening Schedule

1 Ambience Mall, Vasant Kunj 26 Q2, FY 2011-12

2 Orion Mall, Bangalore 28 Q4, FY 2011-12

Total 54

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Section 3-Shareholding Pattern as on 30 th June, 2011

Category of shareholder Number

of shares Shareholding %

(A) Shareholding of Promoter and Promoter Group

(1) Indian

(a) Individuals/ Hindu Undivided Family 1570287 5.78 (b) Central Government/ State Government(s) (c) Bodies Corporate 10031805 36.91 (d) Financial Institutions/ Banks (e) Any Other (specify)

Sub-Total (A)(1) 11602092 42.69 (2) Foreign (a) Individuals (Non-Resident Individuals/ Foreign Individuals) (b) Bodies Corporate (c) Institutions (d) Any Other (specify)

Sub-Total (A)(2) 0 0.00 Total Shareholding of Promoter and Promoter Group ( A)= (A)(1)+(A)(2) 11602092 42.69

(B) Public shareholding (1) Institutions (a) Mutual Funds/ UTI 4077106 15.00 (b) Financial Institutions/ Banks 265736 0.98 (c) Central Government/ State Government(s) (d) Venture Capital Funds (e) Insurance Companies 59295 0.22 (f) Foreign Institutional Investors 1949341 7.17 (g) Foreign Venture Capital Investors (h) Any Other (specify)

Sub-Total (B)(1) 6351478 23.37 (2) Non-institutions (a) Bodies Corporate 1274067 4.69

Individuals - i. Individual shareholders holding nominal share capital up to Rs. 1 lakh. 2603232 9.58 ii. Individual shareholders holding nominal share capital in excess of Rs. 1 lakh. 487412 1.79

(c) Any Other (specify) Non Resident Indians 220327 0.81 Foreign Bodies 2557000 9.41 Trust 2021965 7.44 Clearing Members 58529 0.22 Sub-Total (B)(2) 9222532 33.94 Total Public Shareholding (B)= (B)(1)+(B)(2) 15574010 57.31 TOTAL (A)+(B) 27176102 100.00

(C) Shares held by Custodians and against which Deposi tory Receipts have been issued 0 0.00

GRAND TOTAL (A)+(B)+(C) 27176102 100.00

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List of Non-Promoter Shareholders holding more than 1% of the total number of shares

S.

No Name of the shareholder

Number of

shares

Shareholding

%

1 MAJOR CINEPLEX GROUP PUBLIC COMPANY LIMITED 2557000 9.4

2 IDBI TRUSTEESHIP SERVICES LIMITED (INDIA ADVANTAGE FUND) 2021742 7.4

3 RELIANCE CAPITAL TRUSTEE CO. LTD A/C RELIANCE EQUITY OPPORTUNITIES FUND

1821900 6.7

4 LEGG MASON SOUTHEAST ASIA SPECIAL SITUATIONS TRUST 798988 2.9

5 SBIMF - MAGNUM MIDCAP FUND 698277 2.6

6 RELIANCE CAPITAL TRUSTEE CO LTD A/C RELIANCE MEDIA AND ENTERTAINMENT FUND

531000 2.0

7 TATA INVESTMENT CORPORATION LIMITED 476400 1.8

8 AXA WORLD FUNDS - FRAMLINGTON EMERGING MARKETS TALENTS 362253 1.3

9 SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT THEMATICFUNDS - ENTERTAINMENT OPPORTUNITIES

337303 1.2

TOTAL 9604863 35.3

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Contact

For any further information and queries please feel free to contact:

Nitin Sood Saurabh Gupta

Chief Financial Officer Senior Manager – Finance

nitin.sood@pvrcinemas.com saurabh.gupta@pvrcinemas.com

PVR Limited

Block A, 4th Floor, Building No 9, DLF Cybercity Phase II

Gurgaon, Haryana – 122002

Ph : 0124-4708100, Fax : 0124-4708101