Qube Draws International Investment

Chennai, August 1, 2008: Real Image Media Technologies Pvt. Ltd., India's leading media technology company and one of the global pioneers of digital cinema has concluded a Private Equity investment led by Nomura, one of Asia's top investment banks. This is part of a USD 25 million round in which Intel Capital, an existing investor in the Company, is also participating. N M Rothschild & Sons (India) Private Limited is the exclusive financial advisor to Real Image for this funding which would enable the Company and its N. Hollywood based subsidiary, Qube Cinema, Inc. to expand operations significantly both in India as well as across North America, Europe, Australia and Asia.

Established in 1986, Real Image has developed end-to-end digital cinema technology solutions that address not just the needs of cinema houses for digital cinema equipment and content, but also encompass the needs of the media and in-cinema advertising industry in India. As the only Indian company that has developed a digital cinema product that follows the requirements of Digital Cinema Initiatives (DCI) - a consortium formed by major motion picture Studios to establish a standard architecture for digital cinema - Real Image is a pioneer driving the evolution of the film industry from traditional processes to digital cinema. The company's solid marketing, sales and support skills, as well as its partnerships worldwide, further strengthens its position in the media technology space.

"Real Image has an experienced management team and a solid track record in digital media solutions. We see great potential in this growing sector and look forward to being part of Real Image's exciting journey to win and maintain a leading position in the industry," said Yoshiki Hashimoto, Head of Asia Merchant Banking at Nomura. "Our investment in Real Image demonstrates our commitment to India and to building up our merchant banking business across Asia. We believe that by providing financial and management support to companies with strong prospects for growth, we will be able to contribute to growth in India and the rest of Asia."

"Intel Capital continues to support technology innovation in India and stays committed to our portfolio companies. Since inception of its venture capital program in India in 1998, Intel Capital has invested in approximately fifty companies across eight cities. We invested for the first time in Real Image back in 2006 and are pleased with the progress the company has made to date. Digital cinema is exploding in India as well as overseas markets and we are confident our investment enables Real Image to expand further in India and SE Asia", said Sudheer Kuppam, MD for Intel Capital in India, Japan, Southeast Asia and Australasia.

"We are proud to be associated with a firm as highly respected as Nomura, especially as this is their first private equity investment in the Indian market, and look forward to being able to leverage their global strengths. We are also pleased with the confidence shown by Intel Capital in participating in this follow-on round," said Senthil Kumar, co-founder of Real Image. "This funding will help us accelerate the growth we are seeking in India and other markets across the globe."

About Real Image Media Technologies

Real Image Media Technologies is India's leading provider of technology in the film, video and audio domains and has pioneered several technology revolutions over the last 20 years. Established in 1986, the company was instrumental in bringing computer-based digital non-linear editing to India with Avid Technology, transforming the industry and forever changing the way Indian film and television programs were edited. Real Image subsequently brought digital cinema sound to India with DTS and helped Indian cinema leapfrog a generation, form mono sound directly to digital. With its Qube Cinema end-to-end digital cinema product line, Real Image has made an impact worldwide with over 700 systems installed in 16 countries across North America, Europe and Asia. It is the only Indian company - and amongst a handful worldwide - with DCI compliant digital cinema technology. For further information on the Company, please visit www.realimage.com.

About Nomura

Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 18,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: domestic retail, global markets, global investment banking, global merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.

About Intel Capital

Intel Capital, Intel's global investment organization makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$7.5 billion in approximately 1,000 companies in 45 countries. In that timeframe, 168 portfolio companies have gone public on various exchanges around the world and 212 were acquired or participated in a merger. In 2007 Intel Capital invested about US$639 million in 166 deals with approximately 37 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.