<p>Prime Focus Limited announced that its Board of Directors approved further updates regarding a proposed investment by Multiples Private Equity Fund IV and Multiples Private Equity Gift Fund IV in Brahma AI Holdings Limited and Brahma AI Services India Limited, both material subsidiaries of Prime Focus. The investment involves the subscription to compulsorily convertible preference shares, which will result in the cessation of control over Brahma Holdings and subsequently, over Brahma India, and a transfer of shares in Brahma India held by DNEG Parent to Brahma Holdings. Additionally, the board approved related party transactions including an ancillary framework deed between DNEG S.à.r.l., an unlisted material subsidiary of Prime Focus, and Brahma Holdings, a shareholders agreement between Double Negative Holdings Limited and Brahma Holdings, and a platform license arrangement between DNEG Parent and Brahma Holdings, to be considered at an Extraordinary General Meeting on November 7, 2026.</p>