$1000 $1000 $1000 $1000

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1 STATEMENT OF FINANCIAL POSITION Six months ended December 31, ASSETS NON-CURRENT ASSETS: Property, plant & equipment Intangible assets Investment property CURRENT ASSETS Trade and other receivables Advertising entitlements receivable Unexpired sponsorhips in kind Cash and cash equivalents Audited Notes 31/12/15 30/09/15 30/06/15 31/12/14 $1000 $1000 $1000 $ , , ,494 92,315 92,720 92,720 92, ,236,756 1,2 11,353 1,174,950 1,111,046 1,439,975 1,412,712 1,374, , , , , , ,855 71,171 64,171 47,421 52,329 17,348 13,767 13,125 17, , , , ,116 1,921,044 1,858, ,379 1,637,197 RESERVES AND LIABILITIES SHAREHOLDERS EQUITY Share capital Share premium Capital reserve Capital redemption reserve Revaluation reserve Shares to be issured Retained earnings NON-CURRENT LIABILITY Long-term loans Related Party 152, , , , , , , ,376 2, ,637 2,637 20,500 20, , *554 68,291 53,242 2,609 2,609 2, ,164,736 1,113,091 1,032, ,208 1,782,042 1,728,134 1, ,939 14, , , ,595 65, ,604 66,355 83,784 CURRENT LIABILITIES Accounts payable and accrued charges Deferred unexpired sponsorships in kind Bank overdraft Current portion of long term loans ,432 7, ,421 47,421 47,421 22,829 1, ,422 2,129 4,057 4, ,703 56,815 56, , ,745 1,774,379 1,637,197 The financial statements on pages 3 to 5 were approved for issue by the BoarHf Direc ors on and signed on its behalf by:- Director tz,

2 STATEMENT OF COMPREHENSIVE INCOME Six months ended December 31, Mths ended 3 Mths ended 6 Mths ended 6 Mths ended 31/12/15 31/12/14 31/12/15 31/12/14 $000 $'000 $'000 $'000 REVENUE Operating Revenue Administrative and other expense PROFIT FROM OPERATIONS Fair value appreciation on investment property Other income 65,068 62, ,490 (38,046) (41,547) (69,916) (74,752) ,424 81, ,403 20,725 51,806 42,323 Profit before finance costs Net finance costs: Foreign exchange losses Finance income Finance costs PROFIT FOR THE PERIOD Other comprehensive income: Gain on leasehold revaluation Total comprehensive income for the period EARNINGS PER SHARE 52,425 42, , ,061 (780) (1,060) (1,660) (1,060) 51,645 41, , ,263 2,003 4,526 4, , , ,

3 Statement of changes in Stockholders' Equity Six Months ended December 31, 2015 Capital Shares Share Share Capital redemption Revaluation to be Retained Capital premium reserve reserve reserve issued earnings Total $ 1000 $ 1000 $000 $000 $000 $000 $000 $000 Balances as at July 1, 2014 Total comprehensive income Profit/(Loss) for the six months ended December 31, , ,376 2,637 20,500 49,237 2, ,206 1,417,932 4,006 99, ,007 Balance at 31/12/ , ,376 2,637 20,500 53,243 2, ,207 1,520,939 Balances as at July 1, 2015 Total comprehensive income Profit for the six months ended December 31, , ,376 2,637 20,500 68,291 2,609 1,032,804 1,645,584 4, , , , ,376 2,637 20,500 72,817 2,609 1,164,736 1,782,042

4 Statement of Cash Flows Six months ended December 31, Mths ended 3 Mths ended 6 Mths ended 6 Mths ended 31/12/15 31/12/14 31/12/15 31/12/14 $1000 $'OOO $'OOO $'OOO Cash flows from operating activities Profit for the period 51,645 41, ,932 99,001 Adjustments for: Fair value appreciation on investment property (25,403) (20,725) (51,806) (42,323) Depreciation Effects of exchange rate translation Interest expense 780 1, ,060 Operating cash flows before movements in working capital ,898 82,664 58,638 Changes in operating assets and liabilities: Trade and other receivables Advertising Entitlements (25,000) (11,000) (57,000) (36,000) Unexpired Sponsorship in Kind (7,000) (12,000) (23,750) (29,500) Payables and accruals (1,045) (4,450) (4,153) (3,900) Related party 8,397 9,878 17,712 20,198 Cash provided by operating activities 3,358 5,176 19,592 10,186 Cash flows from investing activities Additions to property, Plant & equipment (36) - (169) Additions to investment properties (10,188) (5,340) Net cash used by investing activities (36) - (10,357) (5,340) Cash from financing activities Interest paid (780) (1,060) (1,660) (1,060) Loans received Loans repaid (814) (530) (1,880) (1,030) Net cash (used)/provided by financing activities (1,594) (1,590) (3,540) (2,090) Net increase in cash and cash equivalents 1,728 3,586 5,695 2,756 Cash and cash equivalents at beginning of period 13,670 11,458 9,703 12,287 Cash and cash equivalents at end of period 15, ,398 15,043 Comprising cash and cash equivalents: Cash 17,348 17,173 17,348 17,173 Bank overdraft (1,950) (2,129) (1,950) (2,129) , ,044 The accompaning notes form an integral part of the financial statements.

5 Notes to the Financial Statements Six months ended December 31, The company The company was incorporated in Jamaica under the Companies Act on August 6, 1993 and commenced trading on November 1, The company is domiciled in Jamaica and is controlled by the Executive Chairman, Mr. Kingsley Cooper. The company's shares are listed on the Jamaica Stock Exchange. The principal activities of the company are model agency representation, multi-media production, marketing, show production and sub-letting of leasehold properties. The registered office of the company is situated at 38a Trafalgar Road, Kingston 10, Jamaica, W.I. 2. Statement of compliance, basis of preparation and significant accounting polices. (a) Statement of compliance The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and their interpretations adopted by the International Accounting Standards Board, and comply with the provisions of the Jamaican Companies Act. These financial statements have been prepared using the same accounting policies and methods of computation as contained in the audited financial statements for the year ended June 30, (b) Revenue recognition: Operating revenue represents income from sale of TV programming, market sponsorship, model agency representation, show production and promotion, and rental income from sub-letting leasehold properties. Advertising entitlements/sale of TV programming Advertising entitlements are received in part or full consideration for the company's produced and branded TV programmes sold to broadcasting stations. The company utilises these entitlements or makes them available to sponsors. Revenue from advertising entitlements is recognised to the extent of expenses that are recoverable. Sponsorship in kind Sponsorship in kind represent services provided by sponsors. These are recognised in income in the period that the associated expenses era recognised. Model agency representation Revenue from model agencies is recognised as commissions or management fees earned. Commissions are earned when models represented by the company have completed modelling assignments. No revenue is recognised if there are significant uncertainties regarding recovery of the consideration due.

6 Show production Revenue from the production and promotion of shows is recognised in accordance with the terms of the various contractual agreements. Operating leases Income and expenses under operating leases are recognised in profit and loss on a straight line basis over the term of the lease.

7 DIRECTORS SHAREHOLDINGS DIRECTORS' NAMES SHAREHOLDING CONNECTED PARTY KINGSLEY COOPER 207,650, ,136 SAMURAI INVEST. LTD 274,903 PULSE LIMITED 1,079,422 SAFIA COOPER HILARY PHILLIPS 17,804, GRANT, STEWART, PHILLIPS &CO. JEFFREY COBHAM 2,691,830 ELEANOR BROWN NIL OLIVER HOLMES NIL LOIS LAKE SHERWOOD 1,085, ,056,321 SENIOR MANAGERS SAFIA COOPER 1,079,422 ROMAE GORDON 1,635,279 2,714,701

8 TOP 10 SHAREHOLDERS AT DECEMBER 31, 2015 Issued Ordinary shares I 271,789,674 SHAREHOLDERS SHAREHOLDINGS KINGSLEY COOPER 207,650, HILARY PHILLIPS 17,804, BARITA INV. LTD. EQUITY FUND (TRD. A.C) 13,562, JASON CARL CARBY 6,004, JAMAICA PRODUCTION FUND MARSTON GORDON 2,960, JEFFREY COBHAM 2,691, ROMAE GORDON 1, BARITA LEASING LIMITED 1, LOIS SHERWOOD 1,085, ,008, NO OF SHAREHOLDERS AT DECEMBER 31, 2015 JCSD 165 MAIN REGISTER 104 TOTAL 269