Global City Holdings
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02

Sep

Acquisition of a significant block of the Company's shares (2 September 2008)

Cinema City International N.V. with its corporate seat in Amsterdam, The Netherlands, (the "Company") gives notification that on 1 September 2008 the Company received from Commercial Union Powszechne Towarzystwo Emerytalne BPH CU WBK SA (the “CU OFE”) the following notification:

“Pursuant to Article 69 clause 1 and clause 4 of the Act of 29 July 2005 on Public Offerings and the Conditions Governing the Admission of Financial Instruments to an Organized Trading System and Public Companies (Journal of Laws No. 184 item 1539), we wish to inform you that following the purchases of shares of the Company Cinema City International N.V. (the Company) with its corporate seat in Amsterdam, The Netherlands, whose settlement occurred on 28 August 2008, Commercial Union Powszechne Towarzystwo Emerytalne BPH CU WBK SA (CU OFE) increased its share in the total number of votes in the Company to more than 5 percent.

Before the above mentioned transactions, as at 27 August 2008, CU OFE held 2 509 069 shares of the Company, which constituted 4.94 percent of the Company’s share capital. These shares carried 2 509 069 votes at a shareholders meeting and constitutes 4.94 percent of the total number of votes.

Following to the settlement of transactions, as described above, as at 28 August 2008, CU OFE held 2 799 604 shares of the Company, which constitutes 5.51 percent of the share capital. These shares carry 2 799 604 votes at a shareholders meeting and constitutes 5.51 percent of the total number of votes.”