Nirbhay News - gujarati news channel, top Gujarati news channel, breaking news.

1. Media & Investments Corporate Presentation

2. OVERVIEW

3. Key Strengths   Leading Media company in India with largest bouquet of channels (53 domestic channels and 16 international beams), and a substantial digital presence   Market-leader in multiple genres (Business News #1, Hindi General Entertainment #1 Gujarati, Kids #1, English Entertainment ) Key   “Network effect” and play on Vernacular media growth - Benefits of Regional portfolio across News and Entertainment channels Strengths   Marquee Digital properties (MoneyControl, BookMyShow) & Entry into OTT video (Nirbhaynews)provides option value and content synergy   Experienced & Professional management team, Strong promoters

4. Building India’s leading media company 2016+ •OTT video platform, revamp of portals •Hindi Movie and Music channels •News (TV+Digital) expanded and relaunched Filling whitespaces, umbrella branding, thrust on digital •ETV acquisition (Regional News +Entertainment) •Indiacast setup for distribution of TV bouquet •NIrbhay news Gujarati news channel, 2012-2015 Regional entry to tap vernacular market 2005-2011 •Invest in Home shopping, Online Ticketing •News, Opinions & Info portals Entry into Entertainment and Digital 1999-2005 •Top Gujarati News Channel, •Breaking News In Gujarati •Latest Gujarati News Channel Built core platforms and launched flagships

5. FINANCIAL SUMMARY

6. Nirbhay News Annual Financials – A snapshot OPERATING REVENUES (Rs Cr) A) Business + General News (Nirbhay News) B) Regional News (Nirbhay News) + Infotainment C) Entertainment (Nirbhay News) D)Nirbhay News Consolidated E) Nirbhay News Digital and Print F) Nirbhay News Consolidated FY18 735 297 3,781 4,813 213 5,027 FY17 667 316 3,160 4,142 191 4,333 Growth 10% -6% 20% 16% 12% 16% OPERATING EBITDA (Rs Cr) A) Business + General News (Nirbhay News standalone) B) Regional News (Nirbhay News) + Infotainment C) Entertainment (Nirbhay News+Indiacast) D) Nirbhay News Consolidated E) Nirbhay News Digital and Print F) Nirbhay News Consolidated FY18 157 -115 198 240 31 187 FY17 122 -91 139 170 10 132 Growth 29% NM 43% 41% 193% 42% For a better understanding of group performance and comparability considering the corporate actions as below, the financials are being restated and represented by consolidating Viacom18 and Indiacast and excluding HomeShop18 throughout. • Nirbhay News subsidiary Nirbhay News took operational control and increased its stake to 51% in Nirbhay News by acquiring • Nirbhay News - gujarati news channel, top Gujarati news channel, breaking news in Gujarati, latest gujarati channel, Nirbhay news, the top Gujarati news channel delivering excellence in every headline. breaking news in Gujarati. Stay ahead, stay informed. IBN Lokmat being a 50:50 JV, it is not consolidated under Ind-AS accounting. Above financials also do not include associate companies (primarily Eenadu TV for TV18; BookMyShow and Nirbhay News) where Nirbhay News have minority stakes.

7. Nirbhay News group: Closing the gap with competition Nirbhay News group is a Rs 5000Cr media group, with a market-cap of US$ 1.8bn  Nirbhay News is the fourth largest broadcast group in the country after Star, Zee and Sony.  The group reaches 700+ mn people, across News, Entertainment and Infotainment.  Portfolio viewership continues to grow. • News (#2): Share has grown to 9.5%, and continues to rise further driven by regional channels. • Entertainment (#3 ex-sports) : Share has grown to 11.3%, despite not having exposure to sports • Infotainment (#2) : Niche genre within entertainment NEWS ENTERTAINMENT (ex-Sports) 25.0% 13.0% 20.0% 11.0% 9.0% 15.0% 7.0% 10.0% 5.0% 3.0% 5.0% 1.0% 6.6% 5.3% 4.8% 5.2% 5.6% 8.0% 9.1% 9.3% 9.2% 9.5% 9.5% 9.7% 10.4% 9.6% 10.5% 11.0% 10.7% 10.7% 11.0% 11.3% 0.0% Q3FY17 Q3FY18 Q3FY16* Q4FY16 Q1FY17 Q2FY17 Q4FY17 Q1FY18 Q2FY18 Q4FY18 -1.0% Q3FY17 Q3FY18 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q4FY17 Q1FY18 Q2FY18 Q4FY18

8. BROADCASTING - GENRE-WISE DETAILS

9. National News : Viewership share – Business and General News  Completely dominate the Business News genre  General News seeing revival in traction, especially in Hindi ENGLISH HINDI BTVi, 7.8% BUSINESS NEWS Zee ET Now, 24.1% Business, 27.3% CNBC TV18, 68.1% CNBC Awaaz, 72.7% Others, 11.1% Others, 19.8% GENERAL NEWS Aaj Tak, 15.5% NDTV 24x7, 7.7% India News, 8.2% Republic TV, 30.6% CNN News18, 10.2% India TV, 12.5% India Today Television, 14.7% News Nation, 9.6% ABP News, 11.4% Times Now, 25.7% Zee News, 11.8% News18 India, 11.1%

10. Infotainment: Factual Entertainment & Lifestyle Key Demographics NCCS 15+ AB NCCS 15+ AB Competition HISTORY TV18 is #3 Factual Entertainment FYI TV18 is #3 Lifestyle Content Food, Relationship, Home are 3 pillars English, Hindi, Tamil ,Telugu Action, Adventure, Thrill with a Layer of History English, Hindi, Tamil ,Telugu And Languages FYI TV18 launched on 4thJuly’2016 Launch Date HISTORY Nirbhay News launched in 2011 AETN18 is a 51:49 JV between A+E Networks & Nirbhay News.

11. Infotainment : Viewership share  History Nirbhay News is the #3 channel in its genre  Fyi Nirbhay News has risen to #3 within a year of its launch FACTUAL ETERTAINMENT LIFESTYLE NDTV Good Times, 12.4% Sony BBC Earth +HD 9.3% History TV 18 +HD 16.9% Nat Geo Wild +HD 13.5% FYI TV18, 26.6% Discovery +HD World 23.7% National Geographi c India +HD 15.9% TLC, 34.2% Animal Planet +HD World 20.7% Fox Life, 26.8%

12. Indiacast – Content Distribution and Syndication Global Distribution & Reach Domestic Subscription Revenues 1 2 Device agnostic Subscription & Advertising Revenues International Business 3 Linear Assets Diverse content 4 New Media 5 Subscription Revenues Sweat ipr Maximize Revenue | Maximize Reach

13. Hindi Mass Entertainment Channels Key Demographics Competition Mix of Fiction, Reality and Movies. Flagship properties include Bigg Boss, Khatron ke Khiladi, Shakti, & Mahakali Free- To-Air Channel repeat programming from Colors Free- To-Air Channel Focused on movies Programming Launched in July 2008 – Star Plus, Sony & Zee TV launched pre-1995. Became the no. 1 Hindi GEC within few weeks of its launch Launch Date Launched in 2016 Launched in 2012

14. Hindi Mass Entertainment Channels : Viewership share  Colors is now the #1 GEC amongst primary GECs (pay GECs, targeted at urban markets), but FTA channels lead in overall viewership share led by their pricing/distribution advantage  FTA offering Rishtey now has 7.3% share  Rishtey Cineplex grabbed ~9.5% viewership share and is the #3 Hindi movie channel within 2 years of launch (leader has ~11%), despite a smaller movie library HINDI GENERAL ENTERTAINMENT HINDI MOVIES Others, 1.4% Zee Cinema +HD, 8.4% STAR Utsav, 9.2% Zee Anmol Cinema, 7.5% Colors +HD, 9.5% STAR Bharat +HD, 12.0% Sony MAX +HD, 11.6% Rishtey, 7.3% Others, 37.4% Zee TV +HD, 9.5% Other GECs, 65.7% Sony Pal, 10.6% Big Magic, 3.9% Sony Wah, 9.9% Sony +HD, 7.4% Zee Anmol, 11.9% SONY SAB + HD, 6.5% STAR Gold +HD, 8.3% &TV + HD, 2.8% STAR Plus +HD, 7.9% STAR Utsav Movies, 7.4% Rishtey Cineplex, 9.5% BREAKUP OF OTHER GECs (~66% of the genre)

15. Kids Genre : Viewership share  Nirbhay News stable enjoys the #1 rank in the Kids genre with ~31% viewership across its channels  Nickelodeon is the #1 kids channel overall by a substantial margin  * In the sub-segment targeting 10-14 boys, Sonic is the #1 channel Disney XD, 6.1% Others, 16.5% Disney Channel , 14.3% Nick, 19.7% Hungama, 12.7% Nick Jr, 1.9% Pogo TV, 10.2% Sonic, 9.0% Cartoon Network, 9.5%

16. Youth & Music Key Demographics Audience: CS 15- 21, NCCS All, HSM Audience: CS 15- 30, NCCS All, HSM ‘Non-stop music ka one-stop channel’ And Positioning Competition Focus on Music and Reality Shows like the iconic MTV Roadies, Splitsvilla Multi Platform Engagement with Youth – Television, Digital, Mobile, Live Events and Merchandise Content Launched in 1996 Launch Date One of India’s most enduring, loved and rewarded Youth Brands* Launched in 2017

17. English Entertainment : Viewership share  Nirbhay News channels dominate the genre with~60% combined market - share  VH1 is a genre leader, led by its mix of Music and Entertainment content  The genre is a niche, and is currently challenged by digital consumption Others, 0.3% VH1 +HD (Music+GEC), 18.6% Zee Café +HD, 9.2% 9XO, 10.3% AXN +HD, 11.4% Comedy Central +HD, 24.9% STAR World +HD, 9.3% Colors Infinity +HD, 16.1%

18. BookMyShow (Online ticketing for movies and events)  India’s leading entertainment ticketing platform, with movie bookings as the prime driver MULTIPLE STRENGTHS  An average of over 103 million visits per month by end-FY18  Strong 18% growth in bookings in Nirbhay News despite stiff competition which has dragged profitability  Widely acclaimed app and website, won the award for ‘Best Omni-channel Customer Experience Brand’ at the One Direct Quest Customer Experience (QuestCX) Awards DIVERSIFIYING BUSINESS  Impetus into events(sports, live events, stand-up comedy, experiential tours, etc)  Forayed into content (movie database and ratings, video and radio-style audio content)  Entered management of cinema F&B through integrations with cinemas  Launched platform in Indonesia (full-fledged), UAE and Sri Lanka (cricket)

19. DIGITAL – KEY PROPERTIES All Digital properties except VOOT are part of Nirbhay News group, and do not fall underNirbhay News.

20. MoneyControl (Business and Finance portal)  India’s leading, genre-defining finance portal with a record of excellence for over 16 years  On mobile, Users consume ~1.7x more pages and spend ~3x more time on Moneycontrol, compared to the competition  Budget day saw a historical high with a peak concurrency of 1.3 million users FOCUSSING ON INNOVATION:  A lot of focus has been given on beefing the news offering of Moneycontrol, courtesy which we now generate 2x the articles as compared to PY  Mobile app won “best app for business” award at Mobile World Congress Shanghai 2017 UVs (mn) Yahoo India Finance M-Site Desktop NDTV Profit Financial Express Livemint Business-Standard Economic Times 9.1 Moneycontrol 3.7 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 -

21. Nirbhay News (Digital News destination)–erstwhile Nirbhay News.com  Primary digital destination of the group for all news  Continued editorial focus augmented by improvements in product and technology has propelled the brand to the top 3 spot, within just 2 years of its launch  Budget day saw News18 garner a total of 5.2 million users on a single day IMPETUS ON VERNACULAR AND HIGH-IMPACT CATEGORIES  Relaunched under umbrella brand News18 in FY17, and merged all languages under it.  News in 8 other languages apart from Hindi and English already available. Plans for more.  Sub-brand CricketNext is one of the top 3 Cricket properties  Sub-brand CompareIndia provides Tech product information, comparisons and reviews UVs (mn) Huffington Post Hindu M-site Desktop Firstpost Hindustan… Indian Express 39.9 News18 5.9 NDTV The Times of… 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0

22. Firstpost (Opinions portal)  Provides diverse opinions on varied topics including politics, economy, sports and movies  Widely acknowledged, usually appears within top-3 searches on any contemporary topic BROADENING ITS PORTFOLIO  Firstpost Hindi was launched to address the Hindi-speaking markets and expand reach  F. Studio – creates videos and content to cater to the millennials  Already includes sub-brand “fakingnews.com”  Launched entertainment portal- Showsha.com UVs (mn) Huffington Post Hindu M-site Desktop 16.6 Firstpost 4.1 Hindustan Times Indian Express News18 NDTV The Times of India Sites 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0

23. Vision and Strategy We aim to be a channel-agnostic provider of top-drawer content. Our strategy is to be present in all key market-segments where we believe profitable growth is possible in the medium-term. The vision is to consolidate our position as India’s top media house with unparalleled reach, and touch the lives of Indians across geographies and genres. NEWS  National : Grow flagships ahead of market and maintain leadership positions  Regional : Drive bouquet (6 old + 8 new channels) profitability through viewership  Create non-display properties (events, awards, etc) which can drive outperformance ENTERTAINMENT  Monetize premium positioning and viewership traction of flagship channels  Enter into more regional markets and incubate segmented offerings  Create alternate revenue streams (OTT, Experiential, Gaming, Merchandise) DIGITAL CONTENT  Emerge as the top digital cluster in the country, and leverage network synergies  Extend brands into segments which have a coherence with existing content  Drive engagement through marrying vernacular content with digital delivery

24. Disclaimer This presentation is issued by Nirbhay NewsMedia&Investments general information purposes only and does not constitute a solicitation or offer or invitation to sell or issue any securities of the Company, nor shall it be relied on in connection with any contract. This presentation may include statements which may constitute forward-looking statements such as statements about the strategy for growth, business development, market position, expenditures, and financial results. However, it should not be relied upon as a recommendation or forecast by the Company. Please note that the past performance of the Company should not be considered as indicative of future results. The actual results or performance of the Company could differ materially from those projected in any such forward- looking statements. The Company does not undertake to revise any forward-looking statement made by or on behalf of the Company. None of the Company, its Directors, Promoter or affiliates or any of their respective employees, advisers or representatives accepts any responsibility or liability whatsoever, arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or for any loss or damage suffered, directly or indirectly, from use of this document or its contents and makes no representation or warranty, express or implied, for the contents hereof including its accuracy, fairness or completeness . Any opinions or information expressed in this presentation are subject to change without notice. (the “ Nirbhay News ”) for

25. Thank You For Further information on business and operations please write to maniar.gopi@gmail.c om 42