Global City Holdings
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28

Jun

Opening of a new Cinema City multiplex in Gliwice

The Board of Managing Directors of Cinema City International N.V. (the “Company”) is informing about the opening on 27 June 2007 of a new multiplex in Gliwice.

Cinema City Gliwice is the Company’s sixth multiplex operating in the region. A modern 13-screen cinema with 2 333 seats is located on a leased area of the new shopping center Forum Gliwice.

Funds spent on this investment were primarily sourced from the Company’s own funds and from proceeds gained in its initial public offering.

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