Registered Office: DB Corp Ltd., Plot no 280, Sarkhej-Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad (Gujarat)

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1 Registered Office: DB Crp Ltd., Plt n 280, Sarkhej-Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad (Gujarat) Mumbai, January 18, 2018 Press Release DB Crp Limited (DBCL), India s largest print media cmpany and hme t flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar, tday annunced its financial results fr the quarter ended December 31, The highlights f the Cmpany s peratinal and financial perfrmance are as fllws: Perfrmance highlights fr 9M FY Cnslidated Cnslidated Advertising Revenues grew by 1.3% YOY t Rs millin as against Rs millin during 9M last year. Perfrmance nt cmparable n YOY basis as last year s figure included ne-ffs pertaining t private treaty billing. Circulatin revenue increased by 6.3% YOY t Rs millin frm Rs millin during 9M last year. Arund 4% grwth has been driven by yield grwth largely frm mature markets. Our Circulatin expansin effrts have been delivering excellent grwth -- adding almst 6 lakhs cpies since the initiatin f the expansin drive (frm July 2017) i.e. 12% grwth n a high base f circulatin cpies, and n increased cver price. Number f cpies sld in July lakh, significantly grwn t lakh cpies in September end; lakh cpies in Octber end; lakh cpies in Nvember end and lacs cpies in December end. Cnslidated Ttal Revenues grew by 1.4% YOY t Rs millin, as against Rs millin during 9M last year. Grwth wuld have been in mid-single digit after adjusting last year s ne-ffs. EBITDA during 9M FY 2018 std at Rs millin (margins 27%) vis-a-vis Rs millin (margin 31%). EBITDA grwth wuld have been in mid-single digit, after adjusting last year s neffs and circulatin expansin related expenditures Cnslidated PAT stands at Rs millin (margin 15%) frm Rs millin (margin 18%). PAT grwth wuld have been in duble digit, after adjusting last year s ne-ffs and circulatin expansin related expenditures

2 Radi business grew by 6% YOY t Rs. 997 millin frm Rs. 942 millin last year. Radi business EBIDTA stands at Rs. 246 millin (margin 25%) frm Rs. 398 millin (margin 42%). 9M FY17 EBITDA includes ryalty reversal amunting t Rs. 58 millin Radi business PAT stands at Rs. 98 millin (margin 10%) frm Rs. 215 millin (margin 23%) 9M FY17 PAT includes ryalty reversal amunting t Rs. 58 millin Digital business revenue stands at Rs. 398 millin versus Rs. 425 millin during crrespnding perid Perfrmance highlights fr Q3 FY Cnslidated Advertising Revenues stands at Rs millin in current perid against Rs millin. Perfrmance nt cmparable n YOY basis as last year s figure included ne-ffs pertaining t private treaty & festival billing. Excluding these ne-ffs, Ad revenue has registered psitive grwth. Circulatin Revenue grew by 6% YOY t Rs millin frm Rs millin, largely driven by vlume grwth frm mature markets. Ttal Revenue stands at Rs millin in current perid frm Rs millin in Q3 last fiscal. Excluding last year s ne-ffs, ttal revenue has registered psitive grwth EBIDTA stands at Rs millin (margin 24%) fr the quarter; against EBITDA f Rs millin (margin 32%) Q3 f last year EBITDA grwth in mid-single digit, after adjusting excluding last year s ne-ffs and circulatin expansin related expenditures PAT std at Rs. 781 millin (PAT Margin 13%), against Rs millin (PAT Margin 19%), in Q3 f last year. Duble digit grwth in PAT n cmparable basis after excluding last year s ne-ffs and circulatin expansin related expenditures Radi business: Advertising revenues std at Rs. 336 millin in Q3 f current perid, against Rs. 363 millin in Q3 f last fiscal. Radi business EBIDTA std at Rs. 97 millin (29% margin), against Rs. 148 millin last year. Radi Business PAT stands at Rs. 42 millin (12% margin), against Rs. 81 millin. Digital business revenue stands at Rs. 154 millin against Rs. 162 millin reprted during crrespnding quarter last fiscal.

3 New develpments and initiatives Dainik Bhaskar newspaper cntinues t be the Natin s largest circulated multi-editin daily As per Press In India Reprt prepared by Registrar f Newspapers f India (RNI) and launched n December 15, 2017 by Hnurable Unin Infrmatin & Bradcasting Minister, Mrs. Smriti Zubin Irani. Circulatin enhancement jurney cntinues t bring cmmendable success: In Jan 2018 reached 57-lakh-cpy/day mark thrugh intense circulatin campaign and n-grund activatins acrss India. Fcus als n retentin f subscribers thrugh prduct enhancement and strnger reader engagement. Bihar expansin drive: Dainik Bhaskar tk up aggressive challenge t drive expansin in Bihar and t date has extended its reach t 38 districts. Prduct strengthening campaign cntinues: greater cmmitment frm editrial team t create an unparalleled prduct ffering high readership delight. Cmmemrated Divya Bhaskar Utsav t celebrate Divya Bhaskar s 14 th anniversary in Gujarat: The event was a grand ten day celebratin in Ahmedabad with star-studded events presented by eminent persnalities in entertainment, business & finance, music, petry and celebrity chefs. Divya Bhaskar s launch in Gujarat in 2003 was a truly histric mment fr the grup, as it frayed int a nn-hindi dmain fr the first time and launched Divya Bhaskar in Gujarati. Cmmenting n the perfrmance fr 9M & Q3 FY , Mr. Sudhir Agarwal, Managing Directr, DB Crp Ltd said, The fcus in the third quarter f this fiscal cntinued t be n tw key initiatives which we started earlier the prduct strengthening campaign and the circulatin enhancement jurney and I m happy t reprt that bth have successfully cmplemented each ther t deliver results. The utcme has been a steady grwth in ur circulatin. Press In India Reprt released by Registrar f Newspapers f India (RNI) has maintained Dainik Bhaskar newspaper t be the largest circulated multi-editin daily. Our fcus is twards achieving strnger ad sales and with the team s unwavering effrts we are cnfident f reprting strnger perfrmance. Our internal measures adpted t supprt the editrial and sales team thrugh initiatives like the DB Knwledge App and mre impactful leadership-t-unit cnnect, are strengthening ur internal efficiencies, ur agility in decisin making and quick turnarund. Thrugh several key new leadership respnsibilities, we have als ensured that the best talent resurces are available fr business grwth as well as building internal leadership strengths. DBCL s missin is als t engender sci-ecnmic change acrss India. Aligned t this, n the 73 rd birth anniversary f ur Chairman Late. Shri Ramesh Chandra Agarwal, which we will cmmemrate as Prerna Diwas, this quarter, we initiated the establishment f the Ramesh & Sharda Agarwal Fundatin. This will cntribute t sme cre areas f sci-ecnmic welfare including educatin f girl child, adptin f ld age hmes, mentring talented small scale businesses and building a cnventin center f internatinal standards in Bhpal. At a brader level, several cre effrts have already been implemented by the gvernment and signs f market revival are visible. The ptimism demnstrated by the Wrld Bank advising n India s ability t achieve higher ecnmic grwth f 7.3% in 2018, als signals a strnger year ahead.

4 Q 3 FY financial results highlights: (cmparisns with Q3 17 & Q2 FY18) (Rs. Mn) Qtr 3 Qtr 3 YOY Qtr 2 QOQ Heads FY 17 FY 18 Grwth FY 18 Grwth Print Advertisement (5.8%) % Radi Advertisement (7.6%) 349 (3.8%) Digital Advertisement (5.1%) % Print Circulatin Rev % % Cnsl Operatinal Revenue (17.5%) 502 (11.9%) Cnsl Ttal Incme (4.5%) % Print EBIDTA (27.4%) 1430 (3.3%) Radi EBIDTA (34.3%) % Cnsl EBIDTA (28.9%) 1456 (1.5%) Print-Mature Business EBITDA margin stand at 29% An analysis and break-up f Mature and Emerging Business financials n a quarterly basis is given belw. We classify emerging business as thse which are belw 4 years f age r prfitable since last 4 quarters, whichever is earlier. Q3 FY18 Particulars Mature Editins *Emerging Business Radi Business Internet Business (Rs. Mn) DBCL Standalne Ttal Revenues EBIDTA befre pre-pex 1523 (80) 97 (27) 1514 EBIDTA Margin 29% (34%) 29% (17%) 25% EBIDTA after pre-pex 1523 (159) 97 (27) 1434 EBIDTA Margin 29% (68%) 29% (17%) 24% * Emerging Business, includes Bihar & small part f Maharashtra, besides Mbile App & E-real Estate Business. Dainik Bhaskar Newspaper is Natin s Largest circulated Multi-Editin Daily - Press In India Reprt prepared by Registrar f Newspapers f India (RNI). The reprt was launched n December 15, 2017 and reflects a cmprehensive picture f facts and trends in the Indian Print Media. Frm the mst humble beginnings as a lcal newspaper launched in 1958 frm Bhpal, Dainik Bhaskar newspaper, the flagship publicatin f Dainik Bhaskar Grup has indeed cme a lng way gaining grund steadily acrss the cuntry. Dainik Bhaskar was identified as India's Mst Trusted Cmpany 2017 in "India's mst trusted media cmpany" categry as per research cnducted by Media Research Grup (MRG-Internatinal brand cnsulting crpratin USA). Dainik Bhaskar cntinues t be the wrld s furth largest circulated daily by WANIFRA in its Wrld Press Trends 2016 reprt. Strategic areas f fcus and key updates:

5 Editrial strategy: The prduct strengthening campaign fcused n anchring readers attentin and delight and tgether with the circulatin enhancement jurney; has begun t deliver visible circulatin grwth. On the back f cntinuus prduct enrichment and engaging activatin campaigns, DBCL s circulatin enhancement endeavurs have cntinuusly been delivering grwth and success n mnthly basis. In Jan 2018 reached 57-lakh-cpy/day mark. Unique n-grund activatins and reader engagement effrts like Jeet 15 crre schemes have been delivering encuraging results millin peple participated frm 2809 twns. Bihar expansin drive: The secnd phase f rest f Bihar launch has been cmpleted. Dainik Bhaskar has expanded its reach t 38 districts. Divya Bhaskar Utsav celebrated 14 th Anniversary in Gujarat: Divya Bhaskar rganized Divya Bhaskar Utsav in Ahmedabad, Gujarat t celebrate its 14th anniversary in the state. Divya Bhaskar Utsav was a ten day celebratin in Ahmedabad with star-studded events attended by the wh s wh f entertainment, business & finance, music, petry and ther celebrities. Divya Marathi successfully presented the secnd editin f it s signature annual Marathi Literature festival in Nashik. Marathi Literature Festival with the theme Cnfluence f Independent Thinkers was held in Kusumagraj Smarak. The 3-day festival cncluded n 5th Nv eminent speakers fascinated audiences with the mst captivating discussins and debates thrugh 27 sessins cvering diverse subjects. A special segment Celebrating the pwer f Independent Thinking felicitated highly-acknwledged persnalities in Maharashtra fr pursuing their passin led by independent thinking. Digital strategy: DainikBhaskar.cm ( the flagship website is the Largest Hindi News Site Divya Bhaskar in Guajarati cntinues t be Largest News Site in Gujarati. Unique Visitrs (UV) fr the mnth f Dec 2017 were 79.1 mn Page Views (PV) fr the mnth f Dec 2017 were 1.3 bn Mbile applicatins: 11.8 mn app dwnlads fr Dainik Bhaskar & Divya Bhaskar. Wn BIGGIES Awards rganised by Wrld News Media Netwrk (WNMN) fr In-huse analytics and data intelligence prprietary tl that supprts the editrial with real time insights n cntent WinsdmNxt was awarded fr excellence in data driven business prcess efficiency and In the categry f Excellence in data driven prduct develpment and Artificial intelligence, fr news and cntent recmmendatin. Hmenline.cm, since its launch in August 2016, emerging ne f the mst ppular real estate sites in Bhpal, Raipur, Indre, Jaipur and Ahmedabad. In the last 9 mnths (Apr 17 - Dec 17), Hmenline.cm served mre than ~750K Hme Seeking Users Online, cnnecting 60,000+ hme seekers with prperty wners/builders in Bhpal, Raipur, Indre, Jaipur and Ahmedabad Mre than 55K Prperties and 700+ prjects were made available t hme seekers in Bhpal, Raipur, Indre, Jaipur and Ahmedabad During Apr 17 Dec 17 recrded abut 1.5 millin Sessins and abut 7 millin page views in terms f nline traffic Radi strategy:

6 Cntinues t be Largest player in Rest f Maharashtra and N. 1 in Chandigarh / Haryana / Punjab / Rajasthan / Madhya Pradesh & Chhattisgarh Radi activatin and audience engagement: MY FM helped children with hearing impairment: fr the first time 87 children were able t experience the wrld f music: MY FM in a unique endeavur gifted hearing aids t children aged 6-8 years with hearing impairment. This drive was implemented acrss Surat, Rajkt and Ahmedabad. An verwhelming number f peple respnded t MY FM s call t make a difference. MY FM cncluded its 4th seasn f Rangrezz n Nvember 14 th [Children s Day] flagged ff India s largest painting cmpetitin MY FM ke Rangrezz acrss netwrk. The theme was based n inciting a deep sense f state pride amngst children -- thrugh Incredible Rajasthan, Incredible Gujarat etc. Over 612 schls and 3 lakh children participated MY FM Cmedy Adda in Indre & Nagpur: A bne tickling night with Vipul Gyal & Sandeep Sharma enthralled audiences. Brand engagement activities: Partnered with leading financial services cmpanies fr investr awareness prgram Lakshya: Artha Samriddhi & Nivesh Abhiyann Objective : create investr awareness f essentials f financial investing and planning f their financial prtfli Reach ut: t ver 1,000 peple acrss Punjab, Chandigarh, Chhattisgarh and Haryana Partnered with leading FMCG brands fr cnsumer marketing effrts t yuth Cnducted event with theme India s Grwing Equity Culture. Key nte address ffered by Hnrable Jint Secretary, DIPAM, Ministry f Finance Dr. Dheeraj Bhatnagar wh was als Chief Guest. Event attracted a large number f industry prfessinals in financial services and advertising industry. Awards and recgnitins: Grup wins 3 Platinum & 1 Gld at the MarCm Awards 2017 Platinum Annual Reprt FY under the categry Publicatins, Rajasthan Pagdi under the categry Marketing/Prmtin Campaign, Special Event, and Rajasthan Campaign under the categry Marketing/Prmtin Campaign, Integrated Marketing Gld Calendar 2017 under the categry Publicatins 57 th Assciatin f Business Cmmunicatrs f India (ABCI) Annual Awards Gld - Crprate Brchure - Welcme t ur Wrld under the categry Brchure Design Silver - Wallpaper fr Samvad - Utsav Ke Rang, Illustratin fr Cmics fr Change- Waste f Taste, Scial Respnsibility Cmmunicatin fr Cmics fr Change- Mystery f the Missing Water Brnze - Pht feature fr Special Pull Out-Simhastha,, Awarded 4 Public Relatin Sciety f India (PRSI) Awards - Prestige Publicatin (Silver )fr Ujjain The Eternal City, Newsletter Hindi fr Parivar (Brnze), Newsletter English fr Yung Bhaskar (Brnze)and E-Newsletter fr Punjab Campaign (Brnze) Awarded 1 WOW Award-Small Budget On-grund Prmtin f the year (Silver) fr Jal Satyagraha FHRAI Tie-up

7 CSR Campaigns: On the ccasin f 73rd birth anniversary f Chairman Late Shri. Ramesh Chandra Agarwal 30th Nvember will be cmmemrated as Prerna Divas every year. Dainik Bhaskar will be establishing the Ramesh and Sharda Agarwal Fundatin which will fcus n fur cre areas: Educatin f girl child frm underprivileged families thrugh Sanskaar Vidya Niketan. The Fundatin will prvide educatin t 3000 girls ver next tw years in 6 cities. Adpting 20 Vradhashrams (ld age hmes) in 18 cities. Prviding business grwth platfrms t peple having gd ideas but lacking resurces r needing guidance. Building a cnventin center f internatinal standards at Bhpal. Several staff/emplyee welfare schemes fr family members t extend schlarships t daughters f staff and ther welfare activities being undertaken. Abut DB Crp Ltd DB Crp Ltd. is India s largest print media cmpany that publishes 6 newspapers with Dainik Bhaskar 46 editins, Divya Bhaskar 9 editins & Divya Marathi 6 editins with 208 sub-editins in 4 multiple languages (Hindi, Gujarati, Marathi and English) acrss 12 states in India. Our flagship newspapers Dainik Bhaskar (in Hindi) established in 1958, Divya Bhaskar and Saurashtra Samachar (in Gujarati) have a cmbined average daily readership f 19.8 millin, making us ne f the mst widely read newspaper grups in India with presence in Madhya Pradesh, Chhattisgarh, Rajasthan, Haryana, Punjab, Chandigarh, Himachal Pradesh, Delhi, Gujarat, Maharashtra, Bihar and Jharkhand. Our ther ntewrthy newspaper brands are Saurashtra Samachar, DB Star and DB Pst. DBCL is the nly media cnglmerate that enjys a leadership psitin in multiple states, in multiple languages and is a dminant player in its all majr markets. The cmpany s ther business interests als span the radi segment thrugh the brand "My FM" Radi statin with presence in 7 states and 30 cities. Its grwing digital business is led by 13 prtals fr rapidly expanding digital audiences including and 2 actively dwnladed applicatins Dainik Bhaskar and Divya Bhaskar mbile apps.. Fr further infrmatin please visit r cntact: Mr. P.K. Pandey Head Investr Relatins Tel: prasn@dbcrp.in Address fr investr cmmunicatin: DB Crp Ltd. G 3 A/ 4-6 Kamanwala Chamber New Udyg Mandir 2, Mgul Lane, Mahim (W), Mumbai,