Report on the performance for the Quarter & 9 Months ended Dec 31, 2012

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

Jan 30, 2013

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.

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 forwardlooking 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 Leisure Limited,

Cine Hospitality private limited, PVR bluO Entertainment Ltd.

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TABLE OF CONTENTS

Section 1

Standalone & Consolidated Financial Results

Section 2

Management Discussion & Analysis

2.1 Exhibition Business Performance

2.2 Operational Highlights

10

2.3 New Property openings

13

2.4 List of Current Properties

14

2.5 Upcoming Films for next 3 months Section 3 Shareholding Pattern as on 31st Dec, 2012

16 18

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Section 1: Standalone & Consolidated Financial Results PVR Ltd

UnAudited Financial Results for Year ended Dec 31, 2012
(Rs In lacs)
STANDALONE Sl. No
1

Quarter ended Particulars

31.12.2012 30.09.2012 31.12.2011

Half Year
31.12.2012 31.12.2011

Year
31.03.2012 31.12.2012

CONSOLIDATED Quarter ended Half Year

30.09.2012 31.12.2011 31.12.2012 31.12.2011

Year
31.03.2012

PART I
INCOME FROM OPERATION (a) Net sales/ income from operations (b) Other Operating Income Total income from operations (net) EXPENSES a) Film Distributors' share (including commission) b) Cost of materials consumed c) Employee benefits expense d) Depreciation and amortization expense e) Rent f) Repairs and maintenance g) Movie production, distribution and print charges h) Other expenses Total Expenses Profit / (Loss) from operations before other income, finance costs and exceptional items (1-2) Other Income Profit / (Loss) from ordinary activities before finance costs and exceptional items ( 3+4) Finance Costs Profit / (Loss) from ordinary activities after finance costs but before exceptional items ( 5+6) Exceptional Items Profit / (Loss) from ordinary activity before tax (7+8) Tax expense/(credit) Net Profit / (Loss) from ordinary activities after tax ( 9+10) Extra-Ordinary items( net of tax expenses) Net Profit / (Loss) for the period ( 11+12) Share of profit / (loss) of associates Minority interest Net Profit / (Loss) after taxes, minority interest and share of profit/(loss) of associates ( 13+14+15) Paid-up Equity Share Capital Paid-up value of Nonconvertible Debentures Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year 5,402 1,268 1,598 982 2,815 1,558 2,783 16,406 5,240 1,247 1,496 749 2,519 1,334 15 2,636 15,236 3,530 864 1,367 689 1,766 1,075 1,924 11,215 14,488 3,588 4,558 3,439 7,572 4,107 715 7,568 46,035 10,106 2,424 3,871 1,941 5,029 3,016 5,304 31,691 12,945 3,202 5,074 3,136 7,718 4,240 260 7,129 43,704 5,200 1,372 1,879 1,176 3,022 1,795 344 3,199 17,987 5,056 1,340 1,710 889 2,691 1,513 288 2,944 16,431 3,332 915 1,522 824 1,894 1,224 335 2,436 12,482 14,052 3,864 5,266 3,856 8,093 4,661 1,689 8,464 49,945 9,726 2,568 4,280 2,861 5,300 3,310 1,168 6,338 35,551 12,516 3,396 5,627 3,647 8,128 4,697 1,462 8,348 47,821

18,719 52 18,771

17,822 47 17,869

12,675 145 12,820

52,401 193 52,594

36,292 233 36,525

47,670 234 47,904

20,193 51 20,244

19,145 60 19,205

13,925 207 14,132

56,324 240 56,564

39,853 308 40,161

51,793 318 52,111

2,365

2,633

1,605

6,559

4,834

4,200

2,257

2,774

1,650

6,619

4,610

4,290

105

79

116

259

504

776

110

89

163

280

717

896

2,470

2,712

1,721

6,818

5,338

4,976

2,367

2,863

1,813

6,899

5,327

5,186

797

492

500

1,736

1,349

1,796

921

520

520

1,912

1,379

1,848

7 8 9 10 11 12 13 14 15

1,673 333 2,006 584 1,422 1,422 -

2,220 2,220 724 1,496 1,496 -

1,221 1,221 403 818 818 -

5,082 333 5,415 1,699 3,716 3,716 -

3,989 1,686 5,675 1,383 4,292 4,292 -

3,180 269 3,449 638 2,811 2,811 -

1,446 1,446 557 889 889 24

2,343 2,343 729 1,614 1,614 (5)

1,293 1,293 401 892 892 8

4,987 4,987 1,703 3,284 3,284

3,948 1,210 5,158 1,396 3,762 3,762

3,338 (237) 3,101 572 2,529 2,529 -

(6)

105

13

16

1,422

1,496

818

3,716

4,292

2,811

913

1,609

900

3,278

3,867

2,542

17

2,892 2,900

2,885 2,900

2,590 2,900

2,892 2,900

2,590 2,900

2,590 2,900

2,892 2,900

2,885 2,900

2,590 2,900

2,892 2,900

2,590 2,900

2,590 2,900

18

24,747

25,317

4 of 20

19. i

Earnings per share (before extraordinary items) (a) Basic Earning Per Share - not annualized (b) Diluted Earning Per Share - not annualized (fully paid up equity share of Rs.10 each) Earnings per share (after extraordinary items) (a) Basic Earning Per Share - not annualized (b) Diluted Earning Per Share - not annualized (fully paid up equity share of Rs.10 each) PARTICULARS OF SHAREHOLDING Public Shareholding - Number of shares - Percentage of shareholding Promoters and Promoter Group Shareholding a) Pledged/Encumbered - Number of shares - Percentage of shares (as a % of the total shareholding of promoter and promoter group) - Percentage of shares (as a % of the total share capital of the Company) b) Non-Encumbered - Number of shares - Percentage of shares (as a % of the total shareholding of promoter and promoter group) - Percentage of shares (as a % of the total share capital of the Company)

5.28 5.06

5.76 5.72

3.08 3.07

13.78 13.22

16.15 16.10

10.50 10.46

3.39 3.25

6.19 6.15

3.39 3.38

12.16 11.66

14.54 14.50

9.50 9.46

19. ii

5.28 5.06

5.76 5.72

3.08 3.07

13.78 13.22

16.15 16.10

10.50 10.46

3.39 3.25

6.19 6.15

3.39 3.38

12.16 11.66

14.54 14.50

9.50 9.46

PART II A 1

17320328 59.89%

17243712

14293972

17320328

14293972

14300572

17320328

17243712

14293972

17320328

14293972

14300572 55.21%

59.78%

55.20%

59.89%

55.20%

55.21%

59.89%

59.78%

55.20%

59.89%

55.20%

3,293,000

500,000

515,000

3293000

515000

500000

3293000

500,000

515000

3293000

515,000

500,000

28.38%

4.31%

4.44%

28.38%

4.44%

4.31%

28.38%

4.31%

4.44%

28.38%

4.44%

4.31%

11.39%

1.73%

1.99%

11.39%

1.99%

1.93%

11.39%

1.73%

1.99%

11.39%

1.99%

1.93%

8,309,092

11102092

11087092

8309092

11087092

11102092

8309092

11102092

11087092

8309092

11087092

11102092

71.62%

95.69%

95.56%

71.62%

95.56%

95.69%

71.62%

95.69%

95.56%

71.62%

95.56%

95.69%

28.73%

38.49%

42.81%

28.73%

42.81%

42.86%

28.73%

38.49%

42.81%

28.73%

42.81%

42.86%

Particulars B INVESTOR COMPLAINTS Pending at the beginning of the quarter Received during the quarter Disposed of during the quarter Remaining unresolved at the end of the quarter

3 months ended 31.12.2012

Nil 6 6 Nil

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Notes: 1. Income from Operations as disclosed above are net of Entertainment Tax, Value Added Tax and Service Tax collected on generating such Incomes.

2.

As per the amendment made by the Finance Act 2010, renting of immovable property is defined as a taxable service with retrospective effect from June 01, 2007. The Company had challenged the levy of service tax on renting of commercial properties before the Hon'ble High Court of Delhi which had granted an interim stay against the levy of service tax. Based on the advice obtained by the Company no provision of service tax in respect of commercial properties was made by the Company in the earlier years. In 2011, the Hon'ble High Court of Delhi has upheld the levy of service tax vide its order dated September 23, 2011. The Company had filed special leave petition before Hon'ble Supreme Court of India against the order of Hon'ble High Court of Delhi which is currently pending. In view of the above developments, the Company has provided for service tax liability on renting of immovable properties. Accordingly, the Company has provided for an amount of Rs. 280 lacs (net of cenvat credit), Rs. 820 lacs ( net of cenvat credit) and Rs. 791 lacs( net of cenvat credit) for the quarter and nine months ended 31st December 2012 and year ended 31st March 2012 respectively. The amount of Rs. 1416 lakhs (net of cenvat credit) for the service tax liabilities upto the period 31st March 2011 has been shown as an exceptional item in the financials for the year ended 31st March 2012.

3.

The Company has during the quarter allotted 36,620 Equity Shares in accordance with the PVR ESOP Scheme 2008 and 39,996 Equity Shares in accordance with the PVR ESOP Scheme 2011 to employees of the Company.

4.

The Company has allotted 106, 25,205 Equity Shares on preferential basis on 11th January, 2013 to L Capital Eco Limited, Multiples Private Equity Fund I Ltd. (both Mauritius based Companies), Multiples Private Equity Fund (a Domestic SEBI registered Fund), Mr. Ajay Bijli (Promoter of the Company) and Mr. Sanjeev Kumar at a price of Rs. 245/- per share including share premium of Rs. 235/- per share for a total consideration of Rs. 26,032 lakhs. Pursuant to Share Purchase Agreement inter-alia with L Capital Eco Limited,, the Company has subscribed 10,20,000 equity shares of PVR Leisure Limited, a subsidiary of the Company for a sum of Rs. 2,582 lakhs on 27th December, 2012.

5.

6.

Pursuant to Share Purchase Agreement inter-alia with L Capital Eco Limited, the Company has transferred 151,87,245 equity shares held by it in PVR bluO Entertainment Limited to PVR Leisure Limited, a subsidiary of the Company for a sum of approximately Rs. 3,300 lakhs on 28th December, 2012.As a result the company has earned a profit of Rs 333 lacs, which has been shown as exceptional item in the period ended December 31,2012

7.

The Company through Cine Hospitality Private Limited (its wholly owned subsidiary) has acquired 193, 94,534 equity shares @ Rs. 202.65 each share (excluding transaction charges) of Cinemax India Limited from its erstwhile promoters for a sum of Rs. 39,303 lakhs on 08th January, 2013 and 282 equity shares @ Rs. 203.65 each share (excluding transaction charges) through off market transaction for a sum of Rs.0.57 lacs. Consequent to the said acquisition, Cinemax India Limited has now become a subsidiary of the Company. Further, the Company has sent the letter of offer to the members of Cinemax India Limited to acquire upto 26% share capital from the existing members, under the takeover code.

6 of 20

8. The Segment-wise revenues, results and Capital Employed of the Consolidated Financials are given below :-

Quarter ended Particulars 31.12.2012 Segment Revenues Movie Exhibition Movie Production & Distribution Bowling Centers Inter Segment Revenues / Elimination Total Segment Results Movie Exhibition Movie production & Distribution Bowling Centers Inter Segment Revenues / Elimination Total Finance Cost (Net)/ Dividend Exceptional Items Profit/ ( Loss) before Tax Capital Employed Movie Exhibition Movie production & Distribution Bowling Centers Total Unallocable 30.09.2012 31.12.2011

9 Months ended 31.12.2012 31.12.2011

Year Ended 31.03.2012

18,739 724 999 (218) 20,244 2,687 (59) (371) 2,257 811 1,446 50,351 2,054 6,501 58,906 12,309

17,837 721 870 (223) 19,205 2,635 116 38 (15) 2,774 431 2,343 41,276 1,808 6,934 50,018 (10,795)

12,818 1,025 545 (256) 14,132 1,609 49 (8) 1,650 357 1,293 38,772 10,719 2,651 52,142 (15,406)

51,568 3,742 2,598 (1,344) 56,564 6,729 214 77 (401) 6,619 1,632 4,987 50,351 2,054 6,501 58,906 12,309

36,684 2,669 1,314 (506) 40,161 4,758 (296) 148 4,610 662 (1,210) 5,158 38,772 10,719 2,651 52,142 (15,406)

47,237 3,400 1,989 (515) 52,111 4,276 (126) 200 (60) 4,290 952 237 3,101 36,899 3,668 3,633 44,200 (14,503)

9.

The Company has applied to the Ministry of Corporate Affairs, Central Government for approval of the excess remuneration paid to its Managing Director for financial year 2008-09, 2009-10 & 2010-11 aggregating to Rs. 118.75 lakhs. The approval of the Central Government is awaited.

10. The Consolidated and Standalone Results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 30th of January 2013. 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 Agreements. 11. The standalone financial results for the quarter and nine months ended December 31, 2012 are not comparable with the corresponding numbers for the quarter and nine months ended December 31, 2011. 12. Previous year/ period figures have been regrouped/rearranged, wherever considered necessary, to conform to current quarter classification.

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

Place: Gurgaon Date: January 30 , 2013

By Order of the Board For PVR Limited

Ajay Bijli Chairman cum Managing Director

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Section 2.1 Exhibition Business Performance

Particulars (Rs. lacs)

Q3, FY 13

Q3, FY 12

Growth

9M, FY 13

9M, FY 12

Growth

Net Operating Income Other Operating Income Total Operating Income Film Distributors' Share Consumption of food and beverages Employee Cost Rent Repair and Maintenance Electricity & Water Other Expenditure Total Expenditure Operating Profit Operating Profit Margin Other Income EBITDA before service tax on Lease Rentals EBITDA Margin Service Tax on Lease Rentals* EBITDA after service tax on Lease Rentals EBITDA Margin Depreciation/Amortization EBIT Finance Cost PBT Before Exceptional Items Exceptional Items ** Profit Before Tax Tax PAT

18,142 418 18,560 5,402 1,268 1,591 2,392 1,498 1,149 1,574 14,875 3,685 19.9% 76 3,761 20.2% 345 3,416 18.3% 952 2,464 797 1,667 333 2,000 583 1,417

12,234 350 12,584 3,530 864 1,367 1,618 1,019 656 1,237 10,292 2,292 18.2% 116 2,408 19.0% 2,408 19.0% 689 1,719 498 1,221 1,221 403 818

48% 19% 47% 53% 47% 16% 48% 47% 75% 27% 45% 61% 1.6% -34% 56% 1.2% 42% -0.6% 38% 43% 60% -37% 64% 45% 73%

49,246 1,068 50,314 14,680 3,588 4,535 6,428 3,939 3,176 4,203 40,549 9,765 19.4% 218 9,984 19.8% 820 9,164 18.1% 2,497 6,667 1,736 4,931 333 5,264 1,699 3,566

35,192 803 35,995 10,140 2,434 3,873 4,591 2,877 1,997 3,283 29,195 6,800 18.9% 443 7,243 19.9% 7,243 19.9% 1,976 5,267 1,349 3,918 1,686 5,604 1,352 4,252

40% 33% 40% 45% 47% 17% 40% 37% 59% 28% 39% 44% 0.5% -51% 38% -0.1% 27% -1.7% 26% 27% 29% 26% -6% 26% -16%

Particulars Properties under Operation*** Screens under Operation Seats under Operation Cities under Operation *

Dec 12 46 213 53,958 27

Dec 11 36 158 40,087 20

Growth 28% 35% 35% 35%

Service Tax on Lease Rentals has been shown separately to do a like to like comparison as service tax impact for full year of FY 2011-12 was taken in Q4, FY 2011-12

** Profit on sale of investment in PVR bluO entertainment Ltd amounting to Rs 333 lacs

*** 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.
8 of 20

Operating Income Analysis

Particulars (Rs. lacs)

Q3, FY 13

Q3, FY 12

Growth

9M, FY 13

9M, FY 12

Growth

Ticket Sales/ Revenue Share Income Sale of Food and Beverages Advertisement & Royalty Income Convenience Fee Other Operating Income Total Operating Income

12,065 3,752 2,325 267 151 18,560

7,821 2,525 1,888 164 187 12,584

54% 49% 23% 63% -19% 47%

33,037 10,577 5,632 640 428 50,314

23,301 7,048 4,842 427 376 35,995

42% 50% 16% 50% 14% 40%

Particulars (Rs Lacs) E-tax Expense E-tax as a % of Net Ticket Sales/ Revenue Share Income

Q3, FY 13

Q3, FY 12

Growth

9M , FY 13

9M, FY 12

Growth

2,793 23.2%

1,671 21.4%

67% 1.8%

7,338 22.2%

4,485 19.2%

64% 3.0%

Expenditure Side Analysis

Growth

Ratios Film Distributor Share as a % of Net Ticket Sales/ Revenue Share Income COGS %

Q3, FY 13

Q3, FY 12

9M , FY 13

9M, FY 12

44.8% 33.8%

45.1% 34.2%
Growth

44.4% 33.9%

43.5% 34.5%

Cost Ratios (As a % of Operating Income) Employee Cost Rent* Repair & Maintenance Electricity & Water Other Expenditure

Q3, FY 13

Q3, FY 12

9M , FY 13

9M, FY 12

8.6% 14.7% 8.1% 6.2% 8.5%

10.9% 12.9% 8.1% 5.2% 9.8%

9.0% 14.4% 7.8% 6.3% 8.4%

10.8% 12.8% 8.0% 5.5% 9.1%

*Service tax provision on lease rentals for Q3 and 9M, FY 13 is Rs 345 lacs and 820 lacs respectively.

Factoring the service tax impact the rental expense for the Q3 FY12 & 9M FY12 as a % of operating income would be 14.2% & 14.1% respectively.

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Section 2.2 Operational Highlights

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) New/Non Comparable Properties: Kolkata, Nanded, Jallandhar, Ujjain, Ludhiana, Nagpur, Bilaspur, Pune, Kurla Mumbai & Orion Bangalore Franchise Properties: Mahagun & Oppulent

Footfalls

Footfalls (lacs) Particulars Comparable Properties New/ Non Comparable Properties Own Cinemas Franchise Cinemas Total Exhibition Q3, FY 13 69.1 18.4 87.5 3.0 90.5 63.4 2.4 65.8 38% 24% 38% Q3, FY 12 63.4 Growth 9% 9M , FY 13 211.9 35.4 247.3 9.5 256.8 184.5 7.4 191.9 34% 29% 33% 9M, FY 12 184.5 Growth 15%

Average Ticket Price (ATP)

ATP (Rs) Particulars Comparable Properties New/ Non Comparable Properties Total Exhibition Q3, FY 13 181 150 174 155 13% Q3, FY 12 155 Growth 17% 9M , FY 13 173 137 168 156 8%
9M, FY 12

Growth 11%

156

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Average F&B Realization (SPH)

SPH (Rs) Particulars Comparable Properties New/ Non Comparable Properties Total Exhibition Q3, FY 13 49.4 42.6 48.0 43.8 9% Q3, FY 12 43.8 Growth 13% 9M , FY 13 49.0 41.5 47.9 42.7 12%
9M, FY 12

Growth 15%

42.7

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Advertisement Income
Advertising Income ( Rs Lacs) Particulars Comparable Properties New/ Non Comparable Properties Total Exhibition
Q3, FY 13 Q3, FY 12 Growth 9M , FY 13 9M, FY 12 Growth

2,220 104 2,325

1,888

18%

5,471 160

4,842

13%

1,888

23%

5,632

4,842

16%

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Section 2.3:-New Property Openings

A List of upcoming projects in next 8 months with the expected opening schedule is provided below.

PVR Cinemas
S.No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Location MBD, Jallandhar Treasure Mall, Ujjain Silver Arch, Ludhiana Empress mall, Nagpur Bilaspur, Chhattisgarh Market City, Pune Market City - Kurla, Mumbai Orion Mall, Bangalore Garuda Mall, Mysore Panipat, Haryana Market city , Bangalore Diamond Mall, Kolkata Ripples Mall, Vijaywada Lullu Mall, Cochin Andheri Mall, Mumbai Treasure Mall, Bhillai Novelty Mall, Pathankot Elante Mall, Chandigarh Total Screens 4 3 6 5 4 9 8 8 4 3 9 5 4 9 5 4 4 8 102 Expected Opening Schedule Opened in April, 2012 Opened in May, 2012 Opened in July, 2012 Opened in Aug, 2012 Opened in Sept , 2012 Opened in Sept , 2012 Opened in Nov , 2012 Opened in Nov , 2012 Q4, FY 2012-13 Q1, FY 2013-14 Q1, FY 2013-14 Q1, FY 2013-14 Q1, FY 2013-14 Q1, FY 2013-14 Q1, FY 2013-14 Q2, FY 2013-14 Q2, FY 2013-14 Q2, FY 2013-14

PVR BluO
Sl. No 1 2 3 4 5 Location Orion Mall, Bangalore Market City, Pune Market City, Bangalore Elante Mall, Chandigarh Plaza Center, Pune Total No of Lanes 27 17 16 26 20 106 Expected Opening Schedule Opened in Aug, 2012 Opened in Nov , 2012 Opened in Nov , 2012 Q1, FY 2013-14 Q2, FY 2012-13

13 of 20

Section 2.4: List of Current Properties

E Tax% on net 20% 20% 20% 20% 30% 30% 20% 30% 67% 20% 20% 20% 67% 45% 45% 30% 40% 34% 25% 33% 20% 20% 30% 30% 45% 30% 67% 67% 67% 30% 25% 67% 45% 0% 25% 20% 30% 40% 25% 20% 33% 40% 30% 40% 45% 30% E tax exemption No No No No No No No No No No No No No No No No No No No Yes No No No No Yes No Yes No No No No Yes Yes No No No Yes No Yes Yes Yes No Yes No No No Opening Exemption date Jun-97 Jan-00 Aug-01 Nov-01 May-03 May-04 May-04 Nov-04 Mar-05 Feb-06 Feb-06 Apr-06 Apr-06 Apr-06 Jun-06 Jul-06 Sep-06 Oct-06 May-07 Aug-07 Aug-07 Nov-07 Aug-08 Jul-08 May-08 Feb-10 Mar-10 Mar-10 Mar-10 Apr-10 Apr-10 Sep-10 Dec-08 Jul-11 Aug-11 Oct-11 Feb-12 Mar-12 Apr-12 May-12 Jul-12 Aug-12 Sep-12 Sep-12 Nov-12 Nov-12 date

S.No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46

City

Name of property

Screens 4 1 4 3 7 2 1 11 3 3 1 5 4 5 6 2 3 3 3 4 3 6 7 4 6 4 4 3 4 7 6 6 7 4 8 4 4 4 4 3 6 5 4 9 8 8 213

Seats 1,000 944 830 921 1,310 480 300 2,148 720 926 329 1,199 920 1,279 1,800 528 1,156 1,136 1,094 1,036 818 1,235 1,226 1,141 1,783 1,212 923 1,033 1,007 1,794 1,349 1,502 1,842 1,150 1,735 281 1,186 1,004 1,100 821 1,417 1,234 792 2,081 1,518 2,718 53,958

Delhi Anupam, Saket Delhi Priya, Vasant Vihar Delhi Naraina Delhi Vikaspuri Gurgaon Metropolitan Mall Faridabad Crown Plaza Delhi Plaza Bangalore Forum Mall, Bangalore Ghaziabad EDM Hyderabad Central Mall, Hyderabad Delhi Rivoli Indore Treasure Island, Indore Lucknow Sahara Mall, Lucknow Mumbai Juhu Mumbai Nirmal Lifestyle, Mulund Gurgaon Sahara Mall Aurangabad Aurangabad Latur Latur Baroda Baroda Ludhiana Flamez Mall, Ludhiana Delhi Prashant Vihar Delhi Select City Walk Saket Gurgaon Ambience Mall Chandigarh Centra Mall Mumbai Goregaon Raipur Magneto Allahabad Vinayak Ghaziabad* Mahagun Ghaziabad* Oppulent Chennai Ampa Mall Ahmedabad Acropolis Lucknow Phoenix United Mall Mumbai Phoenix Mills Udaipur Celebration Mall Surat Rahul Raj Mall Delhi Ambience Mall, Vasant Kunj Kolkata Avani Mall, Kolkata Nanded Treasure Bazaar Mall, Nanded Jallandhar MBD Mall, Jallandhar Ujjain Treasure Bazaar Mall, Ujjain Ludhiana Silver Arch, Ludhiana Nagpur Empress Mall Nagpur Bilaspur Rama Magneto Mall Bilaspur Pune Market City Pune Mumbai Market City Kurla Bangalore Orion Bangalore Total PVR Ltd

Aug-08 Mar-10

Sep-10 Mar-09

Awaited

Awaited

Awaited

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

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Section 2.4: List of Current Properties

Geographical Distribution Particulars Seats % Distribution Screens % Distribution North 23,886 44.3% 99 46.5% South 9,411 17.4% 36 16.9% West 19,475 36.1% 74 34.7% East 1,186 2.2% 4 1.9% 213 Total 53,958

Total Screens Screens enjoying tax exemption As a % of total Screens

213 48 22.5%

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Section 2.5: Upcoming Films for the next 3 months

Release Date * Movie Title Genre Banner Director Cast Chiyaan Vikram, Vivek Oberoi, Neil Nitin Mukesh, Vinay Virmani, Tabu, Lara Dutta, Isha Sharwani, Pralhad Kakkar, Monica Dogra, Akarsh Khurana Shabana Azmi Jessica Chastain , Nikolaj CosterWaldau .Megan Charpentier , Daniel Kash , Isabelle Nlisse Salman Khan - Fame,Lauren Gottlieb,Prince Gupta,Dharmesh Yelande Akshay Kumar, Kajal Aggarwal, Manoj Bajpayee, Anupam Kher, Jimmy Sheirgill Vivek Oberoi, Neha Sharma Joel Edgerton, Jessica Chastain, Mark Strong, Edgar Ramirez, Jason Clarke, Chris Pratt Randeep Hooda, Aditi Rao Hydari, Mona Laizza Bruce Willis , Jai Courtney, Cole Hauser, Amaury Nolasco, Sebastian Koch, Julia Snigir Sushant Singh Rajput, Amit Sadh, Raj Kumar Yadav, Ajay Jadeja, Gaurav Kapoor Sanjay Dutt, Arshad Warsi., Vivek Oberoi, Paresh Rawal, Minissha Lamba, Ravi Kissen Nicholas Hoult, Stanley Tucci, Bill Nighy , Ewan Mcgregor , Eleanor Tomlinson , Ian Mcshane Kay Kay Menon, Paoli Dam, Paoli Dam, Vishakha Singh, Sanjay Mishra, Vishwa Mohan Badola, Zakir Hussain, Pragati Pandey, Sitaram Panchal Bipasha Basu, Nawazuddin Siddiqui Priyadarshan Eros Entertainment Ram Gopal Varma Tigmanshu Dhulia Soumik Sen Sony Pictures Neill Blomkamp Jackky Bhagnani, Priya Anand Nana Patekar, Sanjeev Jaiswal, Ganesh Yadav Jimmy Sheirgill, Mahie Gill, Randeep Hooda, Soha Ali Khan, Irrfan Khan, Pravesh Rana, Deepraj Rana Madhuri Dixit, Mahie Gill, Shilpa Shukla Matt Damon, Jodie Foster

David 1-Feb-13 Midnight Children Mama ABCD Anybody Can Dance Special Chabbis Jayanta Bhai Ki Luv Story 15-Feb-13 Zero Dark Thirty Murder 3 A Good Day To Die Hard (Imax) 22-Feb-13 Kai Po Che!

Comedy/ Crime Drama Fantacy Horror / Thriller Dance Action / Crime Comedy / Drama Thriller Drama Thriller

Reliance Entertainment

Bijoy Nambiar

PVR Pictures Universal Pictures Utv Motion Pictures Viacom 18 Motion Pictures Tips Music Company Sony Pictures Fox Star Studios 20Th Century Fox Utv Motion Pictures

Deepa Mehta Andres Muschietti Remo Dsouza Neeraj Pandey Vinnil Markan Kathryn Bigelow Vishesh Bhatt

8-Feb-13

Action

John Moore Abhishek Kapoor Anand Kumar

Drama

Zila Gaziabad Jack The Giant Slayer Ankur Arora Murder Case 1-Mar-13 Saare Jahaan Se Mehnga Aatma Rangrezz Attacks Of 26/11 Saheb Biwi Aur Gangster 2 8-Mar-13 Gulab Ganj Elysium

Action Action Adventure Fantasy Thriller Comedy Horror Drama Crime Action, Thriller Social Drama, Sci-Fi Warner Bros. Pictures Bvg Films Revel Films Pvt. Ltd Wide Frame Pictures

Bryan Singer Sunil Tatari Anshul Sharma

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Release Date * 15-Mar-13 3G

Movie Title

Genre

Banner Eros Entertainment Universal Pictures Eros Entertainment

Director Sheershak Anand/ Shantanu Ray Chhibbar Seth Gordon

Cast

Thriller

Neil Nitin Mukesh, Sonal Chauhan Jason Bateman, Melissa Mccarthy, John Cho, Clark Duke, Amanda Peet, Jon Favreau

22-Mar-13

Identity Thief Raanjhanaa G.I Joe Retaliation

Crime Comedy

Action, Adventure Drama Sony Pictures

Jon M. Chu Quentin Tarantino

28-Mar-13

Django Unchained

Himmatwala

Action

Utv Motion Pictures Viacom 18 Motion Pictures

Sajid Khan

Channing Tatum, Dwayne Johnson, Bruce Willis, Ray Stevenson... Leonardo Dicaprio, Jamie Foxx, Christoph Waltz, Samuel L. Jackson, Kurt Russell, Don Johnson Ajay Devgn, Tamannaah Bhatia, Paresh Rawal, Mahesh Manjrekar, Zarina Wahab, Adhyayan Suman, Leena Jumani Ali Zafar,Tapsee Pannu,Sonu Nigam,Rishi Kapoor

1-Apr-13 5-Apr-13

Chashme Baddoor Jurassic Park 3D Converted Oblivion

Comedy Horror SciFi Adventu re Fantasy Action Animation Adventure Action / Thriller Comedy / Romance Thriller Drama Horror

David Dhawan Steven Spielberg'S

Universal Pictures Viacom 18 Motion Pictures Reliance Entertainment T- Series Balaji Motion Pictures PVR Pictures Ltd Sony Pictures

Joseph Kosinski Kirk De Micco, Chris Sanders Apoorva Lakhiya Rohan Sippy Vishal Bhardwaz Mira Nair Federico Alvarez

Tom Cruise , Olga Kurylenko , Andrea Riseborough, Nikolaj Coster Waldau , Melissa Leo , Morgan Freeman Emma Stone, Ryan Reynolds & Nicolas Cage Ram Charan, Priyanka Chopra, Mahie Gill, Prakash Raj, Sanjay Dutt Ayushmann Khurrana, Kunaal Roy Kapur, Abhishek Bachchan., Evelyn Sharma, Pooja Salvi Emraan Hashmi, Konkona Sen Sharma, Kalki Koechlin, Huma Qureshi Kate Hudson, Keifer Sutherland, Om Puri, Shabana Azmi, Jessica Lucas, Elizabeth Blackmore, Jane Levy , Shiloh Fernandez , Lou Taylor Pucci

12-Apr-13

The Croods Zanjeer Nautanki Saala

18-Apr-13 24-Apr-13 26-Apr-13

Ek Thi Dayaan Reluctant Fundamentalist Evil Dead

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

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Section 3-Shareholding Pattern as on 31st Dec, 2012

Category of shareholder (A) (1) (a) (b) (c) (d) (e) (2) (a) (b) (c) (d) (e) Shareholding of Promoter and Promoter Group[2] Indian Individuals/ Hindu Undivided Family Central Government/ State Government(s) Bodies Corporate Financial Institutions/ Banks Any Other (specify) Sub-Total (A)(1) Foreign Individuals (Non-Resident Individuals/ Foreign Individuals) Bodies Corporate Institutions Qualified Foreign Investor Any Other (specify) Sub-Total (A)(2) Total Shareholding of Promoter and Promoter Group (A)= (A)(1)+(A)(2) Public shareholding[3] Institutions Mutual Funds/ UTI Financial Institutions/ Banks Central Government/ State Government(s) Venture Capital Funds Insurance Companies Foreign Institutional Investors Foreign Venture Capital Investors Qualified Foreign Investor Any Other (specify) Sub-Total (B)(1) Non-institutions Bodies Corporate Individuals i. Individual shareholders holding nominal share capital up to Rs. 1 lakh. ii. Individual shareholders holding nominal share capital in excess of Rs. 1 lakh. Any Other (specify) Non Resident Indians Foreign Bodies Trust Clearing Members Qualified Foreign Investor Sub-Total (B)(2) Total Public Shareholding (B)= (B)(1)+(B)(2) TOTAL (A)+(B)
Shares held by Custodians and against which Depository Receipts have been issued

Number of shares

Shareholding %

1,570,287 10,031,805

5.43 34.70

11,602,092

40.13

11,602,092

40.13

(B) (1) (a) (b) (c) (d) (e) (f) (g) (h) (i) (2) (a)

3,799,545 2,888,941

13.14 9.99

59,295 3,134,206

10.84

9,881,987 1,489,903 1,559,978 553,352 723,551 2,557,000 500,223 41,534 7,425,541 17,307,528 28,909,620 28,909,620

33.98 5.15 5.40 1.91 2.50 8.84 1.73 0.14 25.69 59.87 100.00 100.00

(c)

(d)

(C)

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

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

S. No

Name of the shareholder

1 2 3 4 5 6 7 8 9 10 11 12

L CAPITAL ECO LTD MAJOR CINEPLEX GROUP PUBLIC COMPANY LIMITED RELIANCE CAPITAL TRUSTEE CO. LTD A/C RELIANCEEQUITY OPPORTUNITIES FUND MORGAN STANLEY ASIA (SINGAPORE) PTE. SANJAY KUMAR IDBI TRUSTEESHIP SERVICES LIMITED (INDIA ADVANTAGE TATA INVESTMENT CORPORATION LIMITED MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. S.V. PRUSIK ASIAN SMALLER COMPANIES FUND PLC RELIANCE CAPITAL TRUSTEE CO LTD A/C RELIANCE MEDIAAND ENTERTAINMENT FUND CLSA (MAURITIUS) LIMITED SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MIDCAP TOTAL

2,885,000 2,557,000 1,616,193 1,145,423 513,006 500,000 500,000 492,655 350,000 325,000 300,000 298,000 11,482,277

9.98 8.84 5.59 3.96 1.77 1.73 1.73 1.70 1.21 1.12 1.04 1.03 39.72

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Contact

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

Nitin Sood Chief Financial Officer nitin.sood@pvrcinemas.com

Saurabh Gupta GM Finance 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

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