1. 1 Adlabs Films Limited Investor Update : FY Ended March 2008 May 29, 2008

2. 2 Annual Financial Performance FY 08 Rs. in Crores Last YearThis YearYOY PeriodFY 06-07FY 07-08Annualized 15 mths9 mths Exhibition - Cinemas Revenue. 114.31 127.2386% EBIDTA. 19.43 18.3457% Motion Picture Processing Revenue. 96.18 66.9716% EBIDTA. 39.25 26.3712% Film Production & Distribution Revenue. 150.29 120.6534% EBIDTA. 17.11 18.3479% Television Software Revenue. 6.51 21.74456% EBIDTA. 2.16 3.81194% Total from Operations Revenue. 358.08 316.3447% EBIDTA. 77.95 66.8643% Other Income ( Net of Exps & Interest) 50.90 19.24-37% Profit After Tax 90.49 47.44-13%

3. 3 Highlights  166 cinema screens across 62 properties as of date - India’s largest cinema chain  Established a 200+ screens network in United States of America across 28 properties, 24 Cities out of which 148 operational  Acquired 51 screens in Malaysia, planned to be integrated in Current Year  Adlabs cinemas won the “Retailer of the Year” Award at the Reid & Taylor Awards for Retail Excellence for the 2nd consecutive year  Synergy Adlabs moved from being a niche player to among the top 3 in the industry  All India distribution network with offices in multiple locations across India and overseas  Highest number of prints processed by the Lab in a year  Financial Highlights  Consolidated Revenue at Rs.365 Cr., Annualized YoY growth 42%  Consolidated EBIDTA at Rs. 77 Cr  Consolidated PAT at Rs. 47 Cr  As per the modified scheme, radio business forms part of the consolidated results effective 1 st Apr 2008

4. 4  Financials : Increase in revenue by 85% & EBIDTA by 58% over last year (Annualized )  Current Footprint : 166 screens across 62 properties & total capacity of 62,728  Established a 200+ screen chain with a nationwide footprint across the US, covering 28 cities including the key markets in East, Mid West and West Coast.  To play mainstream Hollywood films and Indian films viz., Hindi, Tamil and Telugu.  Screens will be operational during the course of the year  Prestigious property launched – Adlabs at ‘The Great India Place’ at Noida  Adlabs Cinemas won the ‘Retailer of the Year’ Award at the Reid & Taylor Awards for Retail Excellence for the 2nd consecutive year  Preferred choice for all megaplex developments with Emaar MGF at Hyderabad, Lucknow, Mohali & Delhi, Sun Gumberg at Mohali & Ludhiana and with Phoenix at Bandra Kurla Complex  Two prestigious properties Odeon (Delhi) and R Town with 9 screens (Ghatkopar) coming up in the year  India’s first 6D theatre launched at Agra Cinemas

5. 5 Processing Lab  Increase in revenue by 16% & EBIDTA by 12% over last year (Annualized)  The lab processed 16,620 prints in FY08 including Jodhaa Akbar, Om Shanti Om, Saawariya, Bhool Bhulaiya, Chak De India, Heyy Babyy, Taare Zameen Par, Race  Process improvements and de-bottlenecking have resulted in a 17% increase in prints per quarter from 4750 in FY07 to 5550 in FY08 Other Services  Launched the state-of-the-art DI lab is the first true 4K facility in India  Awarded the 2 lacs sq ft Film City Studios contract for 20 years  Established DCI Compliant 2K Digital Cinema mastering facility & test bed with 22 screens in multiplexes across India Film Services

6. 6 Production  FY08 has been largely films under project development  Slate of prestigious films under production/ release include  Ram Gopal Varma’s ‘Sarkar Raj’ starring Amitabh Bachchan, Abhishek Bachchan & Aishwarya Rai  Harry Baweja’s ‘Love Story 2050’ starring Harman Baweja & Priyanka Chopra  Vipul Shah’s ‘Singh is Kingg’ starring Akshay Kumar & Katrina Kaif  Supernatural Thriller Hindi & Tamil Film ’13B’ starring R Madhavan  Animation Feature Film ‘Sultan – The Warrior’ featuring Rajinikanth Distribution  Currently present in territories of Mumbai (Mumbai, Maharashtra & Gujarat), Delhi (Delhi, UP, Punjab), Bengal, Tamil Nadu, Hyderabad, Mysore & Tamil Nadu  Strengthening international presence with offices across the world  Mandate to distribute all films produced by Reliance Entertainment Big Motion Pictures Content: Movies Production & Distribution

7. 7 Content - Television  Financials  Increase in revenue by 456% over last year (Annualized)  Increase in EBIDTA by 194% over last year (Annualized)  Operational Highlights FY08  7 shows aired across 6 channels with 214 Hrs of programming  Slate of shows include “Jiya Jale” in fiction, “Kaun Banega Crorepati-2” and “Bollywood Ka Boss” in quiz, “Angrezi Mein Kehte Hai” in comedy & “Jhalak Dikhlaa Jaa 2” in reality  Outlook in current year  15 shows lined up across 8 channels with approx. 800 Hrs of programming  Includes fiction, lifestyle, reality, celebrity, games & quiz shows  Slate of shows include  “Kya Aap Paanchvi Pass Se Tez Hai” with SRK & “Aap Ki Kacheri” with Kiran Bedi on Star Plus  “Dus Ka Dum” with Salman Khan on Sony

8. Metro Cinema, Mumbai

10. Noida, NCR ( New Delhi)

13. 13 Never a dull moment For any clarifications please contact V.Devarajan, Chief Financial Officer, Adlabs Films Ltd email: venkat.devarajan@adlabsfilms.com, Mobile: 9320086278