Execution of lease agreements for three cinemas in Hungary.
The Board of Managing Directors of Cinema City International N.V. (the "Company") informs that on 2 May 2011 the Company signed with SEGECE, a company under the French law, a subsidiary of Klepierre SA, the lease agreements for three cinemas with a total of 17 screens operating under the Palace Cinemas brand in Hungary: Palace Cinemas Duna Plaza in Budapest (7 screens with 1 682 seats), Palace Cinemas Nyir Plaza in Nyiregyhaza (6 screens with 1003 seats) and Palace Cinemas Kaposvar Plaza (4 screens with 634 seats). Operation of these cinemas will be taken over from Palace Mozi Szorakoztato Kft.
Legal grounds: Article 5:53 and subsequent of the Dutch Act of 28 September 2006 on rules regarding the financial markets and their supervision (Act on Financial Supervision – Wft.) in conjunction with Article 56.1.1 and article 56.6 of the Polish Act on Public Offerings, Conditions governing the Introduction of Financial Instruments to Organized Trading and on Public Companies of 29 July 2005