ollowing the USS50mm QIP for Den Networks Deutsche Bank Corporate Banking Z. Securties Silver Eagle Acquisition Corp's US$272.5mm investment in Videocon d2h Transaction summary Acquirer Target % acquired Total consideration Deutsche Bank role Closing date Silver Eagle Acquisition Corporation C

ransaction summary Acquirer Target % acquired Total consideration Deutsche Bank role Closing date Silver Eagle Acquisition Corporation CEAGL, Videocon d2h ('d2h') c. 38.4% US$272.5mm Sole financial advisor to SEAC March 31. 2015 Background of Silver Eagle Acquisition Corporation • Silver Eagle

structure network er Est:R Ics-tks-jIcs;desc. ssAnfk,. Transaction mechanics I Silver Eag'e shareho der and Sdovisc• USS272.5mm cash ADS of Videocon d211 Picnicker l" 's.un c. 38.4% c.61.6% • Silver Eagle delivered net proceeds of US$272.5mm to Videocon d2h • Videocon d2h issued 32.5mm Ameri

TEV EBITDA (c) %owned by SPAC $50mm convertible preferred stock 6461mm $67inm= 6.9x 29.4%nf Videocon d2h • January 5. 2015 March 31, 2015 Videocon d2h, a member of the global conglomerate Videocon Group, is a direct-to-home (DTH) broadcast Pay-TV operator in India Videocon distributes over 5