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Amira Retains Kasowitz and Commences Legal Action Against Market Manipulators

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Aug. 11, 2015-- Amira Nature Foods Ltd (NYSE:ANFI), a leading global provider of branded packaged Indian specialty rice, announced today that it has retained the law firm Kasowitz, Benson, Torres & Friedman, LLP to investigate and pursue claims against those who have been disseminating material false, misleading, and defamatory information about Amira and engaging in other serious misconduct against the Company.

As part of this effort, Amira has today filed a lawsuit against Prescience Point Research Group, LLC, Prescience Investment Group, LLC, Spruce Point Capital Management, LLC, Ben Axler, and Eiad Asbahi in Supreme Court, New York County seeking damages and injunctive relief for defamation, trade libel, civil conspiracy, tortious interference, including but not limited to interference with banking, auditors, investors, and capital market relationships. The suit also names various “John Doe” defendants who will be identified and joined as the Kasowitz’s investigation unfolds.

“After great patience, we have concluded that we must act to protect our Company, our people, and our investors from this vicious cabal of market manipulators and their lies and other egregious misconduct,” explained Karan A Chanana, Chairman of Amira Nature Foods Ltd.

About Amira Nature Foods Ltd

Founded in 1915, Amira has evolved into a leading global provider of branded packaged Indian specialty rice and other products, with sales in over 60 countries today. The Company primarily sells Basmati rice, which is a premium long-grain rice grown only in certain regions of the Indian sub-continent, under its flagship Amira brand as well as under other third party brands. Amira sells its products through a broad distribution network in both the developed and emerging markets. The Company’s global headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore, Germany, the United Kingdom, and the United States. Amira Nature Foods Ltd is listed on the New York Stock Exchange (NYSE) under the ticker symbol “ANFI.”

For more information, please visit www.amira.net.

Safe Harbor for Forward-Looking Statements

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “future” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements include, but are not limited to: our goals and strategies; our expansion plans; and our future business development. We would like to caution you not to place undue reliance on forward-looking statements and you should read these statements in conjunction with the risk factors disclosed in “Risk Factors” appearing in our Annual Report on Form 20-F as well as our other public filings with the Securities and Exchange Commission. Those risks are not exhaustive and reflect our expectations as of the date of this press release. We operate in a rapidly evolving environment. New risk factors emerge from time to time, and it is impossible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking statement. We do not undertake any obligation to update or revise the forward-looking statements except as required under applicable law.

Source: Amira Nature Foods Ltd

For Investor Inquiries:
Amira Nature Foods Ltd
Bruce Wacha, 201-960-0745
Chief Financial Officer
bruce.wacha@theamiragroup.com
or
For Media Inquiries:
Kasowitz, Benson, Torres & Friedman LLP
Michael J. Bowe, 212-506-1916
mbowe@kasowitz.com



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