Global Post Production Powerhouse, Prime Focus Group, Expands Holdings to North America with Purchase of Hollywood and New York-based Post Logic Studios and Frantic Films VFX offices in Los Angeles, Winnipeg and Vancouver

Prime Focus Group announced its first
North American holdings today with the acquisitions of Post Logic Studios
and Frantic Films VFX. Terms of the acquisitions were not disclosed, and the
transaction is pending any and all applicable regulatory approvals. The
structure of these acquisitions is yet to be finalized.(Namit Mahlotra, Founder, Prime Focus Group, pictured above)
Prime Focus Group’s global footprint is significant with six visual effects
and post-production facilities across India and four facilities in London.
This latest acquisition adds new facilities in Los Angeles, New York,
Vancouver and Winnipeg, along with ownership of 55,000 square feet of prime
real estate in the heart of Hollywood, CA and 200 new staff members. Aiming
to become the leading visual effects and post-production service provider in
each local market, Prime Focus Group facilities in India service the
country's thriving two-billion dollar film industry; its London facilities
service European film and television projects and in North America will
continue to service the domestic film market.

Bicoastal post facility Post Logic Studios, with offices in Hollywood and
New York, is known for delivering high level digital intermediate, color
science and post-production services to independent and studio feature
clientele. Recent projects completed at the facility include Halloween,
American Gangster, Mysteries of Pittsburgh, Phoebe in Wonderland, Smart
People, Elite Squad and more.

Frantic Films businesses include an award winning visual effects company,
with offices in Los Angeles, Vancouver and Winnipeg. Prime Focus Group will
also be acquiring Frantic Films Software, the company ¹s R&D division that
develops and markets visual effects software solutions. Frantic Films has
worked on top Hollywood films including Fantastic Four: The Rise of the
Silver Surfer, Grindhouse, Superman Returns, X-Men 3, Poseidon, Mr.
Magorium's Wonder Emporium and Journey 3-D.

Prime Focus Group is one of the largest integrated film, advertising and
television post-production and visual effects companies in the world. It
operates six studios in three different cities in India (MUMBAI: PFOCUS) and
four studios in London comprising Prime Focus UK, formed last year after the
equity investment in effects and post company VTR (LSE: VTR). Prime Focus
Group plans to continue operations of both Post Logic Studios and Frantic
Films as independent facilities, providing both companies access to a talent
pool of over 400 visual effects artists worldwide.

"We are extremely delighted about investing into the incredible talent pool
and technology at Frantic Films and Post Logic. The acquisitions
strategically complete the Prime Focus Group ¹s global proposition to ensure
the best creative and technical services for content companies worldwide,"
said Namit Mahlotra, Founder, Prime Focus Group. "By virtue of their
fantastic reputations and top quality services, Post Logic and Frantic Films
will facilitate a gateway for Prime Focus Group into all of the major
studios. Both companies also have strong R&D divisions that have developed
proprietary technologies and processes for film color management, visual
effects and pipeline collaboration which will benefit the organization as a
whole."

"Having just launched our Image Science Division and refining our 4K DI
workflow, this acquisition comes at a very exciting time in Post Logic's
history," said Larry Birstock, CEO, Post Logic Studios. "We look forward to
being part of the successful Prime Focus Group organization and to taking
advantage of creative synergies across continents and across disciplines to
deliver a new model for the future of digital post production."

"The acquisition by Prime Focus Group will allow us to expand the Frantic
Films presence in North America with additional staff and resources to take
on even larger projects than ever before, ² said Frantic Films co-founder
Chris Bond. "We also anticipate working closely with Prime Focus Group
companies across North America, India and the UK to broaden our pipelines
internationally, and offer our film VFX clients an expanded slate of post
services."

Frantic Films also operates live-action production/post production
facilities and a television commercial division that will not be a part of
this acquisition, and will continue to operate independently out of Winnipeg
and Toronto, Canada.

About Prime Focus Group
Prime Focus Group is India's biggest integrated post-production company. Te
group operates six facilities in India, and four studios in London offering
a comprehensive spectrum of services ranging from visual effects, digital
film lab (DI, film scanning and film recording) telecine, editing, motion
control and HD production. The group that was formed in the year 1997 in a
garage with four people and an investment of 10,000 USD has grown to an
organization of over 1250 people with a current market capitalization of
over 400 Million USD. For more information, please visit
www.primefocus.co.in