Eros Regulatory News (EROS)

Eros International Plc (the "Company")

Update on AIM Delisting and NYSE Listing Process, US IPO Quiet Period Rules and Posting of 'Frequently Asked Questions' Document on Company Website

14^th May 2012

Further to Eros' announcements on 24th April regarding the anticipated acquisition of B4U and 3rd May regarding the expected timing of its proposed delisting from AIM, the Company is pleased to announce that it has agreed with its advisors to include its full-year audited results to March 31st 2012 in its F-1 Prospectus, to be filed with the US Securities and Exchange Commission ('SEC') ahead of its proposed NYSE listing. The Company's US listing process is ongoing, and because of the proximity of the offering with the release of year-end numbers, the Company and its advisors believe audited results should be included in the US offering documents.  This will provide the market with the most recent disclosure on the Company's financial performance. 

The date of its proposed delisting from AIM and final NYSE listing timetable will be announced following the release of our full-year results.

The company further announces that in light of the proposed NYSE listing and consistent with US quiet period rules, it will not be issuing guidance in relation to its financial performance for the fiscal year ended March 31, 2012 at this time.

The Company also announces that a Frequently Asked Questions document is now available on its website at: http://www.erosplc.com/Investor-Relations.aspx.  The document addresses questions concerning the trading of the Company's A ordinary shares following the one-for-three share consolidation and the proposed cancellation of admission to trading and delisting of its shares on the London Stock Exchange's AIM Market and proposed listing on the NYSE.

A registration statement relating to the Company's A ordinary shares has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This document shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

Some of the information presented in this press release and in related comments by the Company's management contains forward-looking statements.  In some cases, these forward-looking statements are identified by terms and phrases such as "aim," ''anticipate,'' ''believe,'' "feel," "contemplate," ''intend,'' ''estimate,'' ''expect,'' ''continue,'' ''should,'' ''could,'' ''may,'' ''plan,'' ''project,'' ''predict,'' ''will,'' "future," "goal," "objective," and similar expressions and include references to assumptions and relate to the Company's future prospects, developments and business strategies.  Similarly, statements that describe the Company's strategies, objectives, plans or goals and statements regarding the proposed offering and the anticipated costs of these transactions are forward-looking statements and are based on information available to the Company as of the date of this press release.  Forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant statement.  Such risks and uncertainties include a variety of factors, some of which are beyond the Company's control.  In particular, such risks and uncertainties include market conditions.  Information concerning these and other factors that could cause results to differ materially from those contained in the forward-looking statements is contained under the caption "Risk Factors" in the Company's Registration Statement on Form F-1 filed with the U.S. Securities and Exchange Commission.  The Company undertakes no obligation to revise the forward-looking statements included in herein to reflect any future events or circumstances, except as required by law. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements.

Contact:

Eros International Plc

Sean Hanafin

Chief Corporate & Strategy Officer

T: +44 (0)20 7258 9909

Jamie M.M. Kirkwood

Group Communications & Investor Relations

T: +44 (0)20 7258 9906

Investec Bank plc

Nominated Adviser & Joint Broker

Patrick Robb / Jeremy Ellis / Carlton Nelson

T: +44 (0) 20 7597 5000

Peel Hunt LLP

Joint broker

Richard Kauffer / Dan Harris / Andy Crossley

T: +44 (0) 20 7418 8900

Pelham Bell Pottinger

Nick Lambert / Victoria Geoghegan / Elizabeth Snow

T: +44 (0) 20 7861 3232

About Eros International Plc

·    Eros co-produces, acquires and distributes Indian language films, in multiple formats worldwide.

·    In 2006, Eros listed its shares on the AIM Market of the London Stock Exchange.

·    In October 2010, Eros International listed its Indian subsidiary Eros International Media on the BSE & NSE in India.

·    Eros operates in over 50 countries, with offices throughout India, the United Kingdom, USA, UAE, Singapore, Australia, Fiji and the Isle of Man.