Global City Holdings
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10

Nov

Current report No. 40/2007 dated 16 November 2007 - Opening of a new Cinema City multiplex in Iasi, Romania

The Board of Managing Directors of Cinema City International N.V. (the “Company”) is informing about the opening on 16 November 2007 of a new multiplex in Iasi, Romania.
Cinema City Iasi  is the Company’s first multiplex in Romania. A modern 5-screen cinema with 830 seats is located on a leased area of the new shopping center Iulius Mall Iasi.
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 organized trading system and on public companies.
 A signature of persons authorised to represent the Company:
Mr. Israel Greidinger – a Managing Director, proxy