Mukta Arts Limited

Review Presentation at AGM on September 29th 2007

Seven films under various stages of production.

Creating a slate of films with different directors, targeted at segmented audiences in Metros, International, mass market.

Ramp up from 2-3 films a year to 5-6 this year.

Infrastructure & Management Bandwidth has helped increase production.

Film library size increased to 26 of which 20 blockbusters.

Mukta Arts Ltd. Film Production

Films released/ expected to be released in 07-08 Good Boy Bad Boy (directed by Ashwini Chaudhary)

Cycle Kick (directed by Shashi Sudigala)

Black & White (directed by Subhash Ghai)

Bombay to Bangkok (directed by Nagesh Kukunoor)

Films under production Yuvraj a film by Subhash Ghai with Salman Khan, Anil Kapoor, Salman

Khan, Katrina Kaif & others

Right Yaa Wrong a film by Neeraj Pathak with Sunny Deol, Irfan Khan & ors

Kande Pohe a film by Rajiv Patil with Tushar Dalvi, Shilpa Tulaskar, Subhodh Bhave and introducing Sai Tamhankar.

Other films to be announced on October 24th

The Year Ahead

Nation-wide film distribution network. Nine offices all over India. Real-time, online reporting.

Management of exhibition and multiplexes including the PVR, Adlabs and Fun Republic chain in northern India totaling over 50 screens.

Acknowledged record of ethical & transparent business practices.

Film Distribution & Exhibition

Expansion In Exhibition

Booking Agency tie-up with major Multiplex chains include:

PVR

Adlabs

Wave

Fun

DT Tie-ups with several single screens

First private International film school in India

State-of-the-art training in the fields of Films, TV, Animation & Media Arts

International faculty including active film professionals

Comprehensive curriculum, of international standard, teaching creative, technical and commercial aspects of filmmaking

20 acre site at Film City, Mumbai

Currently 230 students on campus. By 2009 there would be 400 students

Whistling Woods International

Infrastructure20 acre campus 150,000 sq. ft. of built up spaceChoreography/dance workshopActing rehearsal halls Theatrical make-up roomsConference hall250 seat auditorium30 classrooms with Internet & AVVideo Projection hallsSeminar roomsVideo & Audio library & ArchivesText & periodical libraryPrivate film screening roomsPrivate audio-listening roomsCafeteriaStudents business centreInfirmaryAudition roomsStudent production offices

Technical Infrastructure40’ x 60’ Film shooting studio

40’ x 60’ Television shooting studio

33' x 64' Multi-purpose studioDigital Photography studios and darkrooms

HDV, Broadcast, 35mm & HD Film Cameras

Professional lighting systems

48 Track, 5.1 surround Music Recording Studio

96 Track, 5.1 Surround Film Dub Theatre 2 ADR & Foley suites4 Digital audio workstation suitesMidi lab24-Seat, Non-Linear DV/HDV Edit Lab5 Non-Linear Film Edit Suites 3 Computer labsVisual effects studio2D & 3D animation labsDesign & Graphics studioCarpentry workshopR&D centre

Direction CinematographyShyam Benegal Ashok MehtaKaran Johar Vikas SivramanAshutosh Gowarikar KK MahajanRamesh Sippy

Rakeysh Mehra Business of Film & TVJagmohan Mundra Ronnie ScrewvalaSubhash Ghai Jagmohan Mundra

Mahesh Bhatt

Acting Music / SoundNaseeruddin Shah A.R. RahmanShahrukh Khan Vanraj Bhatia Om Puri Rakesh RanjanDilip Kumar Ranjit Barot Shabana Azmi Daman Sood Satish Kaushik

Screenplay Writing Performing Arts & ArtAkash Khurana Hema MaliniSachin Bhaumick Saroj KhanKamlesh Pandey AR RahmanJaved Siddiqui Shiamak Davar Javed Akhtar M.F. HussainVijay Tendulkar

•

Academic Advisory Board

International Advisory BoardKANWAL REKHI – President, WWI Foundation, U.S.A. Entrepreneur & Management Guru, Silicon Valley

LORD DAVID PUTTNAM Film Producer of academy award winning ‘Chariots of Fire’ & other Films like ‘Killing Fields’, ‘Local Hero’, ‘Midnight Express’

SIR MARTIN SORELLFounder & Chief Executive Officer, WPP Group

SIR CHRISTOPHER BLANDChairman – British Telecom

LORD BHIKU PAREKH Centennial Professor London School of Economics

DR. DEEPAK CHOPRAPracticing Endocrinologist & Founding President of American Association of Ayurvedic Medicine

SANDY CLIMANRenowned film producer from Hollywood. Films produced: ‘Aviator’ & ‘Miami Vice’

CLARE WISEUK Film Council – Director, International Affairs

PARMINDER VIR, OBEFilm & Television producer

DEREK WYATTMember of Parliament – UK, Chairman Associate Parliamentary Committees Internet, Rugby Union & British Council

Chairman - Anand MahindraChairman - Anand Mahindra

Vice Chairman & Managing Director – Mahindra & Mahindra Ltd.

Governing Council

Anil HarishAnil HarishAdvocate – DM Harish & Associates

Aroon PurieAroon PurieEditor in Chief & CEO –India Today Group

Ashok MisraAshok MisraDirector – Indian Institute of

Technology, Bombay

Kiran KarnikKiran KarnikPresident - NASSCOM

Purnendu ChatterjeePurnendu ChatterjeeFounder & Chairman – The Chatterjee Group

Pradip ShahPradip ShahDirector–IndAsia Fund Advisors

R. RavimohanR. RavimohanManaging Director & CEO – CRISIL Limited

Technology Partners

Affiliations

Griffith University and Deakin University-

Australia

Norway Film Institute- Oslo

Seneca College of Applied Arts & Technology-

Toronto

Introducing short term professional courses

by 2008

Off-campus course extensions

On-line/ distance learning programmes

Leverage IPR and Brand

WWI - Additional Revenue Streams

06-07 Revenues cross Rs. One Billion

Top line growth over 130%

Twice the largest previous turn over

Net Profit over Rs. 140 million

40% interim dividend paid

The Year under review

The Company’s Brand value

The Audeus Commercial complex

Communication Centre

Fully amortized library of 26 films

Fully paid up Key Man Insurance policy

WWI land rights, properties and Brand value

Intellectual property flowing out of WWI

The Hidden Value

Mukta Arts Asset: Audeus Commercial Complex

Will help unlock value

No Company investment

Company’s share in FSI

estimated at over Rs.

60 crores in value

Cautionary Statement

Statements in the Management presentation describing the Company’s objectives, projections, estimates, expectations may be “forward-looking statements” within the meaning of applicable securities laws and regulations. The Management has based these forward-looking statements on its current expectations and projections about future events. Such statements involve known and unknown risks, significant changes in political, economic and business environment in India and key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, interest and other costs and may cause the actual results to differ materially.