Opening of a new Cinema City multiplex in Sosnowiec
The Board of Managing Directors of Cinema City International N.V. (the "Company") is pleased to inform of the opening on 29 March 2007 of a new multiplex - Cinema City Sosnowiec in Sosnowiec.
Cinema City Sosnowiec is the Company's fifth multiplex operating in the Upper Silesia; and the second multiplex to be opened therein this month. A modern 6-screen cinema with 847 seats is located on a leased area in the Shopping Mall - Sosnowiec Plaza.
The funds spent on this investment were primarily sourced from the Company's own funds and from proceeds gained in its initial public offering.
The opening of the multiplex Cinema City Sosnowiec evidences the fact that the Company's strategy approved by its Board of Managing Directors, which aims at ensuring the Company's leadership in the cinema industry in Poland both at a national and regional level, has been implemented efficiently.
Legal grounds: Art. 56.1.1 of the Act of 29 July 2005 on the public offering, conditions governing the introduction of financial instruments to organised trading system and on public companies.
A signature of persons authorised to represent the Company: Mr. Israel Greidinger - a Managing Director, proxy