Global City Holdings
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15

May

Repayment of credit provided by the Company in connection with settlement of sale of 30% interest in Rilon Bulgaria Jsc (15 May 2009)

With reference to the current report no. 7/2009 dated March 22, 2009, the Board of Managing Directors of Cinema City International N.V. with its corporate seat in Amsterdam, the Netherlands (the "Company") informs that on 15 May 2009 it has received the full amount of secured financing provided to one of the buyers of 30% interest Rilon Bulgaria Jsc, which buyer has committed in the agreement to repay the credit, together with interest thereon, within 45 days of the closing.