Eros International Rebuts Market Speculation

ISLE OF MAN, United Kingdom--()--Eros International Plc (NYSE: EROS) (“Eros” or “The Company”), a leading global company in the Indian film entertainment industry, today issued the following corporate update:

“Eros International recently decided to postpone an opportunistic USD international bond offering given the recent change in credit market conditions. The Company appreciates the relationships developed with credit investors over the course of the marketing process and remains in active dialogue to be able to return to the market when conditions improve. Meanwhile, since the contemplated offering was purely to refinance existing debt, the Company does not believe that this has any effect on its liquidity position or its operations.”

“Yesterday, a short-selling website republished certain allegations made in a lawsuit from an anonymous person about purported events that occurred several years before Eros International Plc went public on the NYSE. The lawsuit and all of its allegations are completely baseless and without merit, and the court is currently considering its dismissal. For over a year, short-sellers have spread false claims about the Company to manipulate its stock, and these false claims have been repeated in meritless lawsuits. Eros will continue to vigorously defend itself and its investors against such abusive practices.”

About Eros International, Plc

Eros International Plc (NYSE: EROS) is a leading global company in the Indian film entertainment industry that acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media. Eros International Plc was the first Indian media company to list on the New York Stock Exchange. Eros International has experience of over three decades in establishing a global platform for Indian cinema. The Company has a competitive advantage through its extensive and growing movie library comprising of over 3,000 films, which include Hindi, Tamil, and other regional language films for home entertainment distribution. Eros International has built a dynamic business model by combining the release of new films every year with the exploitation of its film library. The company also owns the rapidly growing OTT platform Eros Now. For further information please visit: www.erosplc.com

Contacts

Eros International Plc
Mark Carbeck, +44 (0)20 7258 9909
Chief Corporate & Strategy Officer
mark.carbeck@erosintl.com
or
Media:
Sloane & Company
Whit Clay, 212-446-1875
wclay@sloanepr.com

Contacts

Eros International Plc
Mark Carbeck, +44 (0)20 7258 9909
Chief Corporate & Strategy Officer
mark.carbeck@erosintl.com
or
Media:
Sloane & Company
Whit Clay, 212-446-1875
wclay@sloanepr.com