PVP VENTURES LTD. - Indian Super League (football) - Execution of Participation Agreement

With reference to the earlier announcement dated April 21, 2014, PVP Ventures Ltd has now informed BSE that the Participation Agreement between PVP Ventures Limited and Football Sports Development Private Limited (an SPV formed by IMG Reliance; Star India and All India Football Federation) has been executed by the Parties. With the execution of this Agreement, now PVP Ventures Limited has become eligible to own a football team and participate in the football league being organized by Football Sports Development Private Limited and the first season of the Indian Super League (ISL) may commence in the month of September, 2014.