Maa TV SPA and SHA Reconciliation to GEC Purchase Price Sept 6 th 2012 DRAFT – FOR DISCUSSION ONLY

Initial Purchase 2 DRAFT – FOR DISCUSSION ONLY SPA 2.1(b) definition of “Per Share Price” Corrected number of fully-diluted shares Calculation from SPA 2.1(b) “Per Share Price” 51% of 60,565,275 SPA agrees with initial purchase deal presented to Tokyo in the GEC

FYE15 ESOP / Ramakrishna Purchase 3 DRAFT – FOR DISCUSSION ONLY TBD - SHA 5.1c defines FY14 EBITDA SHA Definition of "Per Share Price" (Correct number) 51% of 60,565,275 SHA 5.1 “Underlying Shares” SHA Definition of "Per Share Price" SHA agrees with FY15 deal presented to Tokyo in the GEC