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New York, NY—Jun 18, 2012

IMAX Signs Agreement with Caspian Capital Limited to Open First Imax® Theatre In Azerbaijan

IMAX Corporation (NYSE:IMAX; TSX:IMX) today  announced an agreement with Caspian Capital Limited to open an IMAX® theatre  in Azerbaijan, marking IMAX's entry into the country.  The theatre will be  installed in the capital city of Baku into a new construction project slated  to open in October 2012. 

Today's agreement brings to 50 the total number of  IMAX theatres open or contracted to open in Russia and the CIS.

Since entering Russia and the CIS in 2003, the region has become the  Company's third-largest market and one of its fastest-growing globally.   Today, there are 24 theatres open (20 in Russia and four in the CIS) with 26  in backlog.  This region is also home to some of IMAX's highest-grossing  theatres in the world, with a 2011 per-screen average of approximately $1.7 million.

"We are proud to be the first to bring IMAX to audiences in Azerbaijan,"  said General Director of Caspian Capital Emin Mammadov.  "IMAX's slate of Hollywood blockbusters coupled with its immersive format is sure to thrill fans and revolutionize the movie-going experience for audiences across the country."

"We are pleased to partner with Caspian Capital to introduce IMAX to audiences in Azerbaijan," said IMAX CEO Richard L. Gelfond. "Our entry into the country reflects the growing international appeal of the IMAX brand and we anticipate that today's announcement will set the stage for even greater opportunities for IMAX in the CIS."



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 About Caspian Capital Limited: Caspian Capital Limited is an investment group that is building a chain of modern multiplex theaters and related businesses such as game zones, cafés & restaurants in Azerbaijan. The first multiplex «Park Cinema» (parkcinema.az ) opened in Baku, Azerbaijan on October 16, 2010. Caspian Capital Limited Directory page

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