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New York, NY—May 29, 2012

IMAX Expands Revenue Sharing Agreement with Cineworld Group for Up to Five New Theatres in the UK

Expansion follows Success of Cineworld's Existing IMAX Locations
IMAX Corporation (NYSE: IMAX; TSX: IMX) and Cineworld Group PLC, the UK's largest cinema chain, today announced an expansion of the companies' revenue sharing agreement with the addition of up to five new IMAX® theatre systems. Under the terms of the new agreement, three IMAX theatres will be installed into existing Cineworld multiplexes with an option to increase that number to five. The first two theatres systems are scheduled to open in Enfield and Birmingham in October 2012, with the remaining system expected to open in Nottingham in the beginning of 2013.

After opening three IMAX theatres since December 2011 in Edinburgh, Crawley and Sheffield, Cineworld is increasing its total IMAX commitment from three to six (the additional option taking the total to eight). The deal also brings the total number of IMAX theatres open or contracted to open in the UK to 22 (24 including the option), 19 of which are currently open.

"The response from our customers to our recently opened IMAX theatres has been overwhelmingly positive, and today's agreement is a direct result of our success to date," said Crispin Lilly, Vice President of Business Affairs, Cineworld Group PLC.  "IMAX is a key differentiator for our multiplexes and we're delighted to bring the unique, premium, immersive cinematic experience that only IMAX delivers to a wider audience across the UK."

"It's great to see that in such a short time Cineworld is already seeing results with IMAX and adding more theatres to its circuit, which points to a growing momentum for IMAX in EMEA," said IMAX CEO, Richard L. Gelfond. "As one of the region's leading exhibitors, Cineworld is an excellent partner to help us fully maximize our opportunities in the key UK market."

IMAX's digital theatre system delivers The IMAX Experience® and helps drive profitability for studios, exhibitors and IMAX theatres by eliminating the need for film prints, increasing program flexibility and ultimately increasing the number of movies shown on IMAX screens. The system can run both IMAX and IMAX ® 3D presentations.

About Cineworld: Cineworld Group was founded in 1995 with its roots going back to 1930 through the combination with Cinema City in 2014. In December 2017, Cineworld acquired US cinema chain Regal Entertainment Group. Following completion of the deal in February 2018, the enlarged Group became the second largest cinema chain in the world, with 9,538 screens across the US and Europe. Cineworld is operating cinemas today in ten countries:  the US, the UK, Ireland, Poland, Romania, Israel, Hungary, Czech, Bulgaria and Slovakia, covering a market of approximately 500 million people. The acquisition of Regal provides Cineworld with a major presence in the US cinema market, the largest box office market in the world. Cineworld’s primary brands are Regal (in the US), Cineworld and Picturehouse (in the UK & Ireland), Cinema City (throughout Europe) and Yes Planet (throughout Israel). 
 
We believe that the size, reach and quality of Cineworld’s theatre circuit provides its patrons with a convenient and enjoyable movie-going experience. We are committed to being ‘The Best Place to Watch a Movie!’ More information can be found at www.cineworld.com
Cineworld Directory page About IMAX Corporation: IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you’ve never imagined. Top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and, as such, IMAX’s network is among the most important and successful theatrical distribution platforms for major event films around the globe.

IMAX is headquartered in New York, Toronto and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of September 30, 2017, there were 1,302 IMAX theatres (1,203 commercial multiplexes, 11 commercial destinations and 86 institutions) in 75 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code “HK.1970.”
IMAX Corporation Directory page

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