Cinema City current overview 2007

Czech Republic

Screens under

development - 14

Poland

Screens under

development - 107Hungary

Screens under

development - 13

62 theaters 534screens 110 K seats

445 screens

under development

40 theaters

under development6 countries

Cinema Country No of screens Date

Openings

Poznań-Kinepolis Poland 18 16 Jan 2007

Lublin Poland 8 11 Jun 2007

Sosnowiec Poland 6 29 Mar 2007

Rybnik Poland 8 13 Mar 2007

Gliwice Poland 13 27 Jun 2007

Iasi Romania 5 16 Nov 2007

Timisoara Romania 7 30 Nov 2007

Total open 65

Closings Israel (20 )

Net openings 45

Bulgaria

Screens under

development – 46

Israel

Screens under

development - 49

Romania

Screens under

development - 216

1

Cinema City strategy implementation in 2007

Cinema chain

� Opening of 7 multiplexes with 65 screens: 5 in Poland (53) and 2 in Romania (12)

� Preparation of CC Arena in Budapest opening – biggest megaplex in the CEE (22 screens + IMAX)

� CCI signed 17 lease agreements in Romania, 3 in Bulgaria, 4 Poland and 1 Hungary

as well as the 3rd real estate project in Bulgaria in Ruse.

� Further lease agreements in negotiation

� Intensive process of analysing other potential markets for CC expansion: Ukraine and Serbia

Advertising

� Cinema advertising activity development in Hungary and establishment of the NAM in Romania.

� Preparation to launch the NAM in the Czech Republic.

� Agreements signed with clients on the international level. Development of the hall sponsorships.� Agreements signed with clients on the international level. Development of the hall sponsorships.

� Agreement with Helios and Kinoplex chain in Poland to cover their cinema advertising. NAM market share in Poland of 65%.

� Cinema city contributed to the cinema avertising market in Poland which grew to PLN 70 million

Film distribution

�Forum Home Entertainment Hungary first full year contribution

�Forum Home Entertainment in Czech Rep. first time contribution to results in 2H 2007

�Positive segment result in 4Q2007

Real estate

� Sale of 15% share stake in the Mall of Plovdiv project in Bulgaria to GE Real Estate and Quinlan Private in June 2007.

Remaining15% to be sold in 2008/2009

� Purchase of 45% share stake through IT Sofia, CC subsidiary, in the Bulgarian company, which acquired

60 K sq m land in Ruse in Bulgaria. IT Sofia paid EUR 11.25 million.

2

Cinema City operating highlights 2007

► Number of tickets sold went up to 19.8 million in Cinema City chain (+14.9% yoy)

► Increase of tickets sold in Q4 2007: 4.6 million (2% yoy)

► Number of tickets sold on the like for like basis increased by 0.6% ytd

► Average ticket price increased to EUR 4,02 (+2.6% ytd)► Average ticket price increased to EUR 4,02 (+2.6% ytd)

► Admission per screen increased to 40.3 thousand (6.5% ytd) and to

36,3 thousand in Q4 2007 (-4.5% yoy)

► Average number of screens increased to 490 (+4.0% ytd) and

to 506 in Q4 2007 (+8,6% yoy)

3

Cinema City financial highlights 2007

in EUR million

For 3 months

31 Dec 2007

For 3 months

31 Dec 2006

change

%

For 12 months

31 Dec 2007

For 12 months

31 Dec 2006

change

%

Revenues 39.6 34.4 15.1% 161.3 143.8 12.2%

EBITDA 8.0 8.4 -4.8% 34.6 31.2 10.9%

Net income 3.6 1.5 140.0% 16.6 11.7 41.9%

► Increase in revenues, EBITDA and net income in 2007

margins in %

For 3 months

31 Dec 2007

For 3 months

31 Dec 2006

change

%

For 12 months

31 Dec 2007

For 12 months

31 Dec 2006

change

%

Gross margin 16,4% 16,4% 0 ppt 17,5% 16,4% +1.1 ppt

EBITDA margin 20,2% 24,4% -4.2 ppt 21,5% 21,7% -0.2 ppt

Net margin 9,1% 4,4% +4.7 ppt 10,3% 8,1% +2.2 ppt

► Margins improving in most levels

4

For 12 months

31 Dec 2007

For 12 months

31 Dec 2006

change

%

Revenues 161,3 143,8 12,2%

EBITDA 34,6 31,2 10,9%

Amortization&Depreciation -15,4 -13,9 10,8%

Improvement in 2007 net profit

Financial Costs & Other (Net) -4,1 -4,7 -12,8%

Income Tax 0,6 -1,4 -142,9%

Minorities 1 0,5 100,0%

Net profit 16,7 11,7 42,7%

For 3 months

31 Dec 2007

For 3 months

31 Dec 2006

change

%

For 12 months

31 Dec 2007

For 12 months

31 Dec 2006

change

%

Poland 22 029 16 589 32,8% 85 471 69 027 23,8%

Israel 6 899 9 054 -23,8% 30 864 32 425 -4,8%

Hungary 6 739 6 114 10,2% 23 604 15 695 50,4%

Czech Republic 2 854 1 217 134,5% 9 986 11 469 -12,9%

Bulgaria 753 1 383 -45,6% 11 121 15 175 -26,7%

Romania 294 294

Total revenues 39 568 34 357 15,2% 161 340 143 791 12,2%

Revenues by countries

12 M 2007

12 M 2006

Poland

Romania

Bulgaria

Israel

Czech Rep.

Hungary

Poland

Hungary

Bulgaria

Israel

Czech Rep.

161.3 mln €

€ 143.8 m

5

Revenues by segments

For 3 months

31 Dec 2007

For 3 months

31 Dec 2006

change

%

For 12 months

31 Dec 2007

For 12 months

31 Dec 2006

change

%

Theatre operation 31 540 27 444 14,9% 124 120 99 133 25,2%

Distribution 6 431 5 670 13,4% 22 972 21 905 4,9%

DVD retail 958 740 29,5% 3 891 4 120 -5,6%

Real estate 638 778 -18,0% 10 357 18 633 -44,4%

Total revenues 39 567 34 632 14,2% 161 340 143 791 12,2%

Theater operations

12 M 2007

Real estateTheater operations

breakdown (% of total sales):

Ticket sales 49.4%

Consessions 14.5%

Advertising 13%

€ 161.3 m

Real estate

Film distribution

DVD retail

Real estate

Film

distribution

DVD retail

12 M 2006

€ 143.8 m

Theater operations

breakdown (% of total sales):

Ticket sales 46.9%

Consessions 12.44%

Advertising 9.6%

6

Cinema City outlook for 2008

Cinema chain

� Plan to open 12 cinemas with 133 screens in 5 countries scheduled for 2008.

�Hungary – Arena Plaza 22 screens + IMAX (opened 16 January 2008)

�Israel – Lev Hamifratz (23) and Modiin (6)

�Poland – Bydgoszcz (12) and Zielona Gora (10)

�Czech Rep – Pilzen (6) and Pardubice (8)

�Romania – Bacau (8), Pitesti (6), Cluj (10), Braila and Turgu-Mures (10)

� Preparations of further lease agreements for new cinemas mainly in Romania and Poland.

� Ongoing process of analysing the CC expansion oportunities mainly in Ukraine and Serbia and on the other markets

� Films on the screens: Lejdis, Rozmowy Nocą, Nie kłam kochanie, Indiana Jones, Narnia, Harry Potter, Kung Fu Panda, James

Bond

AdvertisingAdvertising

� Continue to sign further ageements with clinets on the international level covering also advertising in our Hungarian and

Romanian cinemas.

� Establishment of the NAM in the Czech Republic

Film distribution

� Forum Home Entertainment in Hungary and in the Czech Republic will continue to develop their distribution activity

� Forum Film distribution: Enchanted, Narnia

Real estate

� Progress in construction of the Mall of Plovdiv, Bulgaria

� Preparation of investment of the shopping center in Ruse, Bulagria.

� Preparation of the next real estate projects in the region

7

APPENDIX

Cinema City openings pipeline 2008-2010

Poland Hungary Israel Czech Bulgaria Romania Total CCI chain additions

(new screens additions) no of screens no of multiplexes

2008 23 23(1) 29 14 45 134 12

2009-210 84 13 20 46 171 334 29

TOTAL new screens 107 36 49 14 46 216 468 41

(1) CC Arena in Budapest with 23 screens opened on 16 January 2008

Cotroceni Park

Bucharest, Romania

Yes Planet

Rishon Lezion, Israel

Mall of Ruse

Bulgaria

CC Bydgoszcz

Poland

9

Theater operations performance factors (1)

Number of admissions in thousand

For 3 months

31 Dec 2007

For 3 months

31 Dec 2006

change

%

For 12 months

31 Dec 2007

For 12 months

31 Dec 2006

change

%

Poland 2 889 2 485 16,3% 11916 9760 22,1%

Czech Rep. 321 328 -2,1% 1481 1346 10,0%

Hungary 574 577 -0,5% 2705 2559 5,7%

Bulgaria 164 184 -10,9% 669 375 78,4%

Romania 46 - 46 -

Israel 615 900 -31,7% 2996 3171 -5,5%

Total 4 609 4 474 3,0% 19813 17211 15,1%

Number of admissions - like for like

For 12 months

31 Dec 2007

For 12 months

31 Dec 2006

change

%

Poland 9847 9760 0,9%

Admissions per screen in thousand* (annual basis)

For 3 months

31 Dec 2007

For 3 months

31 Dec 2006

change

%

For 12 months

31 Dec 2007

For 12 months

31 Dec 2006

change

%

Poland 45,14 48,97 -7,8% 49,96 48,97 2,0%

Czech Rep. 38,91 39,76 -2,1% 44,88 39,76 12,9%

Hungary 26,7 26,84 -0,5% 31,45 26,84 17,2%

Bulgaria 50,46 56,62 -10,9% 51,46 56,62 -9,1%

Romania

Israel 21,39 26,47 -19,2% 24,97 26,47 -5,7%

Total 36,29 38,00 -4,5% 40,3 38 6,1%

* average no of screens in the period

Czech Rep. 1440 1346 7,0%

Hungary 2705 2559 5,7%

Bulgaria 328 375 -12,5%

Romania - -

Israel 2640 2826 -6,6%

Total 16 960 16 866 0,6%

10

Theater operations performance factors (2)

Average no of screens

For 3 months

31 Dec 2007

For 3 months

31 Dec 2006

change

%

For 12 months

31 Dec 2007

For 12 months

31 Dec 2006

change

%

Poland 256 203 26,1% 238 203 17,2%

Average price of ticket in EUR

For 3 months

31 Dec 2007

For 3 months

31 Dec 2006

change

%

For 12 months

31 Dec 2007

For 12 months

31 Dec 2006

change

%

Poland 4,09 3,86 6,0% 4,02 3,83 5,0%

Czech Rep. 4,25 4,02 5,7% 4,34 4,28 1,4%

Hungary 3,23 3,00 7,7% 3,07 2,96 3,7%

Bulgaria 2,97 2,65 12,1% 2,79 2,57 8,6%

Romania 3,38 - 3,38 -

Israel 5,18 5,20 -0,4% 5,02 4,96 1,2%

Total 4,10 3,98 3,0% 4,02 3,92 2,6%

Poland 256 203 26,1% 238 203 17,2%

Czech Rep. 33 33 0,0% 33 33 0,0%

Hungary 86 86 0,0% 86 86 0,0%

Bulgaria 13 13 0,0% 13 13 0,0%

Romania 5 - 1 -

Israel 113 131 -13,7% 120 136 -11,8%

Total 506 466 8,6% 491 471 4,2%

No of screens at end of the period

As at

31 Dec 2007

As at

31 Dec 2006

change

%

Poland 256 203 26,1%

Czech Rep. 33 33 0,0%

Hungary 86 86 0,0%

Bulgaria 13 13 0,0%

Romania 12 -

Israel 111 146 -24,0%

Total 511 481 6,2%11

Thank you

Contact:

Cinema City InternationalCinema City International

Joanna Kotlowska

Head of Investor Relations

Tel: + 48 22 56 66 960

Fax: + 48 22 56 66 984

E-mail: j.kotlowska@cinema-city.pl