Global City Holdings
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15

Mar

Opening of a new Cinema City multiplex in Rybnik

The Board of Managing Directors of Cinema City International N.V. (the "Company") is pleased to inform of the opening on 14 March 2007 of a new multiplex - Cinema City Rybnik -in Rybnik.

Cinema City Rybnik is the Company's fourth multiplex operating in the Upper Silesia; the others are two multiplexes situated in Katowice and a multiplex in Ruda Slaska. A modern 8-screen cinema with 1.527 seats is located on leased area in the Shopping Mall Rybnik Plaza.

The funds spent on this investment were primarily sourced from the Company's own funds and from the funds raised in its initial public offering.

Cinema City Rybnik is another example of the implementation of the Company's strategy focusing on further development of the Company's operations in Poland and attracting cinemagoers in cities with more than 100 thousand inhabitants.

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