Merger of TV18 Broadcast Limited with Network18 Media & Investments Limited

The Board of Directors have fixed (Wednesday), October 16, 2024 as the Record Date for the purpose of determining the equity shareholders of TV18 and E18 entitled to receive the equity shares of the Company as mentioned Share Exchange Ratio • Amalgamation of E18 with Network18 - 19 equity shares of Rs. 5 each fully paid up of Network18 for every 1 equity share of Rs. 10 each fully paid up of E18. • Amalgamation of TV18 with Network18 - 100 equity shares of Rs. 5 each fully paid up of Network18 for every 172 equity share of Rs. 2 each fully paid up of TV18. * Record date - October 16, 2024 Network18 Media & Investments Limited CMP = Rs.76.75 MCAP (Cr.) = Rs. 8035.33 TV18 Broadcast Limited CMP = Rs. 41.66 MCAP (Cr.) = Rs. 7142.02 Swap Ratio = * Share Exchange Ratio of 100 shares of Network 18 for 172 shares of TV18 will be issued Rationale of Merger The Scheme will consolidate into Network18, the broadcasting and digital media business of its subsidiary, TV18 and the moneycontrol business of E18, and will result in all the businesses being housed in one listed company Network18, with the following benefits. (i) The shareholders of all the three companies, Network18, E18 and TV18, will be able to participate in the consolidated businesses of the group. (ii) The combination of the businesses of TV18, E18 and Network18 will result in operational synergies, cost optimization and increased revenue realisation.