ALL THE GLITTERS IS GOLD! - BOLLYWOOD FUND LAUNCHED
(15 March 2004)

Media Vision Management has launched a new Investment Fund - 'The Bollywood Media and Entertainment Fund - that will open the doors to Bollywood, offering experienced investors the opportunity to invest in film production in India. The Fund will work in conjunction with the major production houses, and aims to generate capital growth through investment into films and their intellectual property. Bollywood produces over 800 films a year and the Indian film industry expects exports to top $3.3 billion by 2005, up from the current $335 million.

The selection process for investment in films will be carried out by an expert Film Advisory Board, which includes top film producer Pritish Nandy, Chairman of Pritish Nandy Communications (PNC) - one of the leading film production companies in India. Under the guidance of Mr. Nandy, PNC has developed a strong library of commercial successes, including Kaante, Sur, Jhankaar Beats, Mumbai Matinee and Chameli. In 2003, PNC received 20 prestigious awards, including the Producer of the Year Award for emerging as the year's most creative and successful film production house.

Bobby Ailwadhi, a spokesperson for the Fund commented: "Bollywood is a core part of our culture and we were confident that people would love the opportunity to share in its success. The Fund is a well researched project that has been created with the help of experts from across the world, including a former Commonwealth country Prime Minister."

The Fund is domiciled on the Isle of Man and is designed for experienced investors. For further investor information on the Bollywood Media and Entertainment Fund please call Media Vision Management on + 44 (0) 1624 829 600, or www.bollywoodfund.com

The Offering Period for the Fund opens in March for an initial six weeks.