HINDUSTAN MEDIA VENTURES LIMITED

Our company was originally incorporated in Patna on July 9, 1918 under the name 'The Behar Journals Limited'. The name of the company was changed to 'Searchlight Publishing House Limited' on November 17, 1987. Subsequently, the name of the Company was changed to its present name 'Hindustan Media Ventures Limited' on November 11, 2008. For further details of the change in name of our Company, see - History and Certain Corporate Matters - on page 105 of the Prospectus.

Registered Office: Budh Marg, Patna 800 001, Bihar, India. Tel: +91-612-222 3434, Fax: +91-612-222 1545
Corporate Office : Hindustan Times House, 2^nd Floor, 18-20, Kasturba Gandhi Marg, New Delhi - 110 001, India.
Tel: +91-11-2370 4600, Fax: +91-11-6656 1445 Contact Person and Compliance Officer: Mr. Tridib Kumar Barat,
Company Secretary. Tel: (+91 11) 6656 1285. Fax: (+91 11) 6656 1445.
Email: hmvlipo@hindustantimes.com Website: www.hmvl.in

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 16,265,060 EQUITY SHARES OF Rs. 10 EACH (THE "EQUITY SHARES") FOR CASH AT A PRICE OF Rs. 166 PER EQUITY SHARE INCLUDING A PREMIUM OF Rs. 156 PER EQUITY SHARE OF HINDUSTAN MEDIA VENTURES LIMITED ("OUR COMPANY" OR "THE ISSUER") AGGREGATING Rs. 2,699,999,960.00 (THE "ISSUE") AT THE ISSUE PRICE. THE ISSUE SHALL CONSTITUTE 22.16% OF THE POST-ISSUE SHARE CAPITAL OF OUR COMPANY.

BID/ISSUE OPENED ON July 5, 2010*, CLOSED ON July 7, 2010

*Bidding in the the Anchor Investor Portion opened and closed on the Anchor Investor Bid/ Issue date i.e. one working day prior to the Bid/ Issue Opening Date i.e. July 2, 2010 The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commence on July 21, 2010.

In terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, this being an Issue for less than 25% of the post Issue paid-up equity share capital, the Issue was made through the 100% Book Building Process wherein at least 60% of the Issue was allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs" and such portion the "QIB Portion"), and our Company has allocated 28.46% of the QIB Portion, to Anchor Investors, on a discretionary basis (the "Anchor Investor Portion"). Further 5% of the QIB Portion less the Anchor Investor Portion was available for allocation on a proportionate basis to Mutual Funds only. The remainder was available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. If at least 60% of the Issue cannot be allocated to QIBs, then the entire application money will be refunded forthwith. Further, not less than 10% of the Issue was available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the Issue was available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. The Issue received 15,342 applications for 79,570,160 equity shares resulting in ,4.89 times subscription. There were 2,451 applications for 30,028,760 equity shares made under ASBA process. Of these 2,338 applications for 3,733,784 equity shares were found valid and they were considered for allotment. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors and Anchor Investor categories are as under: (Before technical rejections and after cheque returns).

Final Demand
A summary of the final demand as per the BSE and the NSE as on the Bid/ Issue Closing Date at different bids is as detailed hereunder:

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the National Stock Exchange Limited ("NSE") on July 15, 2010.

A. Allocation to Retail Individual Investors (Including Applications Supported by Blocked Amount ("ASBA")) (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or above the Issue Price of Rs.166/- per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of 0.97 times (valid applications) and hence allotment was done on full and firm basis to the valid applicants. Unsubcribed portion in retail category was fully allocated to QIB category amounting to 160,078 Equity Shares. The total number of shares allotted in Retail Individual Investor category is 4,719,440 Equity Shares which were allotted to 14,832 successful applicsants.

B. Allocation to Non Institutional Investors (Including ASBA) (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at Or above the Issue Price of Rs.166/- per Equity Share or above, was finalized in consultation with the NSE. Overall 33 applications for 5,605,040 equity shares were found valid and the quantum of shares alloted to this category is 1,626,506 on proportionate basis.

C. Allocation to QIBs (Including ASBA) (After Technical Rejections)
The Basis of Allocation to the Qualified Institutional Bidders, who have bid at or above the Issue price of Rs.166/- per Equity Share was finalized on proportionate basis. Overall 64 applications for 64,374,160 Equity Shares were found valid and the quantum of shares allotted to this category is 7,141,994 (including spill over of 160,078 Equity Shares from retail category).

D. Allocation to Anchor Investors
The Company allotted 2,777,120 equity shares to 13 Anchor Investors in consultation with the BRLMs.
The IPO Committee of the Board of Directors of the Company at its Meeting held at Meerut, U.P. on July 15, 2010 has approved the basis of allocation of Equity Shares of the Issue and has accordingly allotted the Equity Shares to the Bidders.
The summary of allotment is as under:

The Refund Orders and allotment advice and / or notices have been dispatched to the address of the Bidders as registered with the depositories on July 19, 2010. Further, the instructions to Self Certified Syndicate Banks to unblock the amount have been  given on July 15, 2010. In case the same is not received within 10 days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited within twelve working days from the date of closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicant, serial number of the Bid-cum-Application Form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Unit:Hindustan Media Ventures Limited
Plot No. 17 to 24, Vithalrao Nagar, Madhapur
Hyderabad - 500 081, Fax: 040-23420814
Email: einward.ris@Karvy.com

TOLL FREE - HELPLINE NUMBER 1-800-3454001

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF HINDUSTAN MEDIA VENTURES LIMITED.