Sandeep Bhargava resigns as CEO of The Indian Film Company (TIFC)

Company Brief

Mumbai, June 14, 2010

Sandeep Bhargava, the Chief Executive Officer of the Investment Advisor to The Indian Film Company (TIFC), a Network18 Company, has recently put in his papers and resigned from his current role. He will be relieved of his duties with effect from June 30th, 2010. Haresh Chawla, (Group CEO – Network18 & Viacom18) will take interim charge of the operations.

Commenting on the development, Haresh said “Over the last 2 years Sandeep has made TIFC a successful business venture and we wish him luck in his future endeavors.” He further added, “Soon will start the next phase of our growth in the films business through TIFC & Studio18 and we shall share the details of that in time to come.”

The Indian Film Company (the 'Company') is a specialist film investment company which was admitted to trading on the AIM market in June 2007 and raised GBP 55 million in order to invest in a diverse portfolio of Indian films targeted at the Indian audiences across varying genre, language and budgets. TIFC uses the services of STUDIO 18, India's largest vertically integrated motion picture company, to distribute, exploit and market its bouquet of in-house productions, co-productions and acquisitions. Studio 18 is part of Viacom 18, a 50/50 joint venture set-up between Viacom and Network 18.

For further information, please contact:

Viacom18

Bhavana Mehta

Mobile: +91 9821479597

Email: Bhavana.Mehta@viacom18.com