IFC Indian Film

 
TIDMIFC 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO 
     THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER 
                  JURISDICTION WHERE IT IS UNLAWFUL TO DO SO 
 
                  FOR RELEASE AT 7.00 AM ON 8 SEPTEMBER 2009 
 
8 September 2009 
 
                             Mandatory Cash Offer 
 
                                      For 
 
                        The Indian Film Company Limited 
 
                                      by 
 
                          Network 18 Holdings Limited 
 
          (a subsidiary of Network 18 Media and Investments Limited) 
 
                                 Offer Update 
 
                               Offer now closed 
 
The Board of Network 18 Holdings announces that, as at 5.00 p.m. (London time) 
on 7 September 2009, Network 18 Holdings had received valid acceptances of the 
Offer for The Indian Film Company in respect of a total of 24,396,242 Indian 
Film Company Shares, representing approximately 44.4 per cent. of the existing 
issued ordinary share capital of The Indian Film Company. Immediately prior to 
the announcement of the Offer, the Network 18 Parties owned in aggregate 
19,813,500 Indian Film Company Shares, equating to approximately 36 per cent. 
of the issued Indian Film Company Shares. 
 
Accordingly, taking into account valid acceptances of the Offer, the Network 18 
Parties now own in aggregate a total of 44,209,742 Indian Film Company Shares 
representing approximately 80.4 per cent. of the existing issued ordinary share 
capital of The Indian Film Company. 
 
The Offer was declared wholly unconditional on 24 August 2009 and 14 days 
notice was given of the closing of the Offer. Such notice having now expired, 
the Offer is now closed. 
 
Settlement of the consideration due under the Offer in respect of valid 
acceptances which were received complete in all respects on or before 3.00pm on 
24 August 2009 has already been despatched. Settlement of the consideration in 
respect of further acceptances which are valid and complete in all respects and 
received prior to 7 September 2009 will be despatched within 14 days of 
receipt. 
 
Terms contained in the offer document dated 3 August 2009 (the "Offer 
Document") have the same meaning in this announcement unless the context 
otherwise requires. 
 
Enquiries: 
 
PKF (UK) LLP (Financial Adviser to Network 18         020 7065 0000 
Holdings) 
 
Stephen Bayfield 
 
Araminta Sugden 
 
This announcement does not constitute an invitation to purchase any securities 
or the solicitation of an offer to purchase any securities, pursuant to the 
Offer or otherwise. The Offer is being made solely by the Offer Document and 
the Form of Acceptance accompanying it, which contain the full terms and 
conditions of the Offer, including details of how the Offer may be accepted. 
 
PKF (UK) LLP, which is authorised and regulated in the United Kingdom by the 
Financial Services Authority, is acting exclusively for Network 18 Holdings in 
connection with the Offer and no one else, and will not be responsible to 
anyone other than Network 18 Holdings for providing the protections afforded to 
clients of PKF (UK) LLP nor for providing advice in relation to the Offer, or 
the contents of this announcement or any arrangement referred to herein. 
 
The Network 18 Holdings Directors and the Network 18 Media Directors accept 
responsibility for the information contained in this announcement. To the best 
of the knowledge and belief of the Network 18 Holdings Directors and the 
Network 18 Media Directors (who have taken all reasonable care to ensure that 
such is the case), the information contained in this announcement for which 
they are responsible is in accordance with the facts and does not omit anything 
likely to affect the import of such information. 
 
The release, publication or distribution of this announcement in jurisdictions 
other than the United Kingdom may be restricted by law and therefore persons in 
such jurisdictions into which this announcement is released, published or 
distributed should inform themselves about, and observe such restrictions. Any 
failure to comply with the restrictions may constitute a violation of the 
securities laws of any such jurisdiction. 
 
The Offer is not being made, directly or indirectly, in or into, or by use of 
the mails, or by any means or instrumentality (including, without limitation, 
facsimile transmission, internet, email, telex or telephone) of interstate or 
foreign commerce, or of any facility of a national securities exchange, of any 
of the Excluded Territories and cannot be accepted by any such use, means, 
instrumentality or facility or from within any of the Excluded Territories. 
 
A copy of this announcement and the Offer Document are both available for 
download from http://www.pkf.co.uk/n18 
 
                                N18HO0001DocumentsOffer closed.DOC7704406.1 
 
                                N18HO0001DocumentsOffer closed.DOC7704406.1 
 
 
 
END 
 

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