AIF Altus Group Limited

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Cineplex Inc. (TSX:CGX) ("Cineplex" or the "Company") is pleased to announce
that, in connection with Cineplex's recently closed offering (the "Offering") of
$100,000,000 of 4.50% convertible unsecured subordinated debentures (the
"Debentures"), the underwriters have purchased an additional $7,500,000
aggregate principal amount of Debentures at a price of $1,000 per Debenture upon
the exercise in full of their over-allotment option. 


The Offering was completed on a bought deal basis and was underwritten by a
syndicate of underwriters, co- led by Scotiabank and RBC Capital Markets. The
Debentures have been listed on the TSX under the symbol CGX.DB.A. As previously
announced, the Company intends to use the net proceeds of the Offering to
partially reduce bank indebtedness under the Company's credit facility in
connection with the Company's acquisition of 24 theatres located in Atlantic
Canada from Empire Theatres Limited.


The Debentures have not and will not be registered under the U.S. Securities Act
of 1933, as amended (the "Act"), and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements under the Act. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy the securities in any jurisdiction.


Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of
applicable securities laws, such as statements concerning anticipated future
events, results, circumstances, performance or expectations that are not
historical facts.


These statements are not guarantees of future performance and are subject to
numerous risks and uncertainties, including those described in Cineplex's Annual
Information Form ("AIF"). Those risks and uncertainties include adverse factors
generally encountered in the film exhibition industry such as poor film product
and unauthorized copying; the risks associated with national and world events,
including war, terrorism, international conflicts; natural disasters, extreme
weather conditions, infectious diseases; changes in income tax legislation; and
general economic conditions. In addition, these risks and uncertainties include
the ability to achieve the expected synergies and the timing of same; the
effectiveness of integration efforts and risks related to the satisfaction of
the conditions to closing the transaction and the related financing
arrangements, including future general economic and market conditions, including
debt and equity capital markets. Many of these risks and uncertainties can
affect our actual results and could cause our actual results to differ
materially from those expressed or implied in any forward-looking statement made
by us or on our behalf. All forward-looking statements in this press release are
qualified by these cautionary statements. These statements are made as of the
date of this press release and, except as required by applicable law, we
undertake no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.
Additionally, we undertake no obligation to comment on analyses, expectations or
statements made by third parties in respect of Cineplex, its financial or
operating results or its securities. Additional information, including
Cineplex's AIF, can be found on SEDAR at www.sedar.com.


About Cineplex

Cineplex is one of Canada's leading entertainment companies and operates one of
the most modern and fully digitized motion picture theatre circuits in the
world. A top-tier Canadian brand, Cineplex operates numerous businesses
including theatrical exhibition, food services, gaming, alternative programming
(Front Row Centre Events), Cineplex Media, Cineplex Digital Solutions, Cineplex
Digital Networks, and the online sale of home entertainment content through
CineplexStore.com and on apps embedded in various electronic devices. Cineplex
is also a joint venture partner in SCENE - Canada's largest entertainment
loyalty program.


Cineplex is headquartered in Toronto, Canada, and operates 161 theatres with
1,635 screens from coast to coast, through the following theatre brands:
Cineplex Odeon, SilverCity, Galaxy Cinemas, Colossus, Coliseum, Scotiabank
Theatres, Cineplex Cinemas, Cineplex VIP Cinemas, Famous Players and Cinema
City. Cineplex also owns and operates the UltraAVX, Poptopia and Outtakes
brands. Cineplex trades on the Toronto Stock Exchange under the symbol CGX. More
information is available at www.cineplex.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
For information, interviews or photos please contact:
Cineplex Entertainment
Pat Marshall
Vice President, Communications and Investor Relations
416-323-6648
pat.marshall@cineplex.com


Cineplex Entertainment
Mike Langdon
Director, Communications
416-323-6728
mike.langdon@cineplex.com
www.cineplex.com

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