ZEE ENTERTAINMENT : PREFERENTIAL ALLOTMENT OF 2.40 CR WARRANTS TO PROMOTER GROUP ENTITY

• Allotted 2,40,59,266 fully convertible warrants at ₹126 per warrant on a preferential basis to Sunbright Mauritius Investments Limited. • Subscription price received is ₹31.50 per warrant (25% of issue price), aggregating to ₹75.79 Cr. • Warrants are convertible into equity shares at ₹94.50 per share (exercise price) within 18 months from allotment. • The company has received 25% of the Warrant Issue Price as subscription price. • No change in paid-up share capital at this stage. Impact: Neutral (Routine preferential allotment to promoter group entity, no immediate capital infusion or share dilution.)

Zee Entertainment Enterprises Limited

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