Mr Nisan Cohen, Deputy CFO

Cinema City International N.V.ING EMEA Forum Prague, 3-4 December 2008

5,31%

5,23%

14,79%

Cinema City Shareholding Structure

I.T. International Theaters

Other shareholders

BZ WBK AIB Asset Management

ING OFE 50 834 000

64,37%10,30%

5,31%ING OFE 50 834 000

shares

1

Commercial Union OFE

62 theaters 571 screens

8 IMAX®113 K seats

45 theaters

under development

467 screens

under development

Cinema chain

6 countries

Screens in operation Screens under development Digital screens

Next opening: Pardubice (8) December 2008

2278 (59%)

52 (11%)

8 (2%)

13 (3%)

26 (6%)

90 (19%)

Romania

Bulgaria

The Czech

Rep.

Hungary

Israel

Poland

IRL

UK

N

DK

S

NL

FIN

EE

LT

LV

4,32,3

2,6

1,7

1,2

1,2

0,7

0,7

4,8

population per screen

admissions per capita

USA

CEE Cinema Market Underpenetration

CY

E

F

CH A

BD

I

P

HU

GR

CZ

PL

HRYU

BG

RO

SK

2,61,5

2,9

2,8

1,8

2,3

1,3

1,40,8

1,1

0,1

0,4

0,4

1,11,1

0,5

1,1

0,7

2,1

3,0

population per screen

2,1

admissions per capita

Media Salles, country cinemagoing statistics and CCI calculations – data for 2006&2007 3

Cinemas AdvertisingFilm

distribution Real estateDVD

distribution

Poland278 screens

IT PolandDevelopment

-

Cinema City Business Model

► Cinema City operates 5 business lines in 6 countries

Hungary102 screens

-

Czech Rep.43 screens

- -

Israel113 screens

Development

Bulgaria13 screens

-IT PlovdivIT Ruse

IT Stara Zagora-

Romania22 screens

- - -

4

Cinema City’s Growth Has Been Sustainedby Strong Demand for Modern Entertainment Venues

x 10

1023 screens

1997 2011*

95 screens

1 country 6 countries* Based on signed agreements

as of November 2008 and without

considering any new territorial

expansion

Today

571 screens

6 countries

5

Cinema City Countries

6

1

6

1GdańskGdańsk

1

ToruńToruńBydgoszczBydgoszcz

2

WarsawWarsawPoznańPoznań

ZielonaZielona GóraGóra

BYDGOSZCZ 13 openedZIELONA GORA 9 opened

2008 22RZESZOW 10BIELSKO BIALA 8BYTOM 8PŁOCK 8KRAKÓW BONARKA 20GDANSK NOWE MIASTO 19+IMAXCZESTOCHOWA 10

2008-2011 openings pipeline25 sites 278 screens 59 500 seats 5 IMAX®

1

PłockPłock

Cinema City in Poland

1

1

6

RudaRuda ŚląskaŚląska

Bielsko BiałaBielsko Biała

WrocławWrocław

1ZielonaZielona GóraGóra

1

11

1

1

1

11

1

LublinLublin

ŁódźŁódź

CzęstochowaCzęstochowa

BytomBytomGliwiceGliwice

RybnikRybnik

SosonowiecSosonowiecKatoKatowicewice

KrakówKraków

RzeszówRzeszów

13 1

2

WALBRZYCH 62009-2011 89

1. New Age Media – on screen advertising

2. Forum Film Poland – Walt Disney and other leading film studios

3. IMAX® and Cinemapark – entertainment and education

Other activities:

Signed projects

Existing cinemas

1

7

Helios&

Kinoplex

18%

Multikino

&Silver

Screen

30%

Cinema

City

52%

CCI market share in

no of multiplex screens1WalbrzychWalbrzych

DebrecenDebrecen

MiskolcMiskolc

BudapestBudapest

GyorGyor 1

1

11

1

12 sites

102 screens 19 000 seats

Cinema City in Hungary

1

Next CC in Budapest:Budapest Skala Center with 13 screens

Expected Opening: 2009

CC Arena

1 IMAX®

SzegedSzegedZalaZala

PecsPecs

SavariaSavaria

SopronSopron VeszpremVeszprem

AlbaAlba 1

1

11

1

1

1

1SzSzolnokolnok

Signed projects

Existing cinemas

1. New Age Media – on screen advertising started in 2007

2. Forum Film Hungary – Walt Disney and other leading film studios

3. Home Entertainment – Warner, Sony and others

Other activities: Palace Cinemas

50%

Budapest

Film 3%

Cinema City47%

CC market share in number of multiplex screens (including CC Arena)

CC Skala

8

4

PraguePrague

1PardubicePardubice

2008 openings pipeline5 sites 43 screens 8 289 seats 1 IMAX®

2008 no of screens opening

Pilzen 10 opened

Pardubice 8 2H08

Cinema City in the Czech Republic

11

PilzenPilzen

PardubicePardubice

Signed projects

Existing cinemas

1. NAM Czech Republic

2. DVD distibution

Other activities:

9

HaifaHaifa

1

1

1

1

1

16 sites 113 screens 21 000 seats

1.Forum Film – Walt Disney and

other leading film producers

2.Blockbuster – DVD rentals

3.Home Entertainment –

Warner, Sony and others

Other activities:

2008-2009 openings pipeline

Modein 6 openedHaifa 23 opened

2008 29

Rishon LeZion 20 (net) 20092009 20

CCI market share in

Cinema City in Israel

TelTel--AvivAviv

JerusalemJerusalem1

1

1

1

6

Signed projects

Existing cinemas

Warner, Sony and others

4.Screen Advertising

The Cinema City brand in Israel is registered by another

owner; CCI operates under the ITIT brand: Planet & Rav-Chen

CCI market share in

no of multiplex screens

10

1

1

Cinema City brands:Planet & Rav-Chen

42%

Globus

39%

CC

12%

Lev 7%

Romania

screens opening

Cluj 10 opened

111

ClujCluj

BacauBacau

Baia MareBaia Mare

IasiIasi1

OradeaOradea

Targu MuresTargu Mures

2

BistritaBistrita

GalatiGalati

11

1

2

SuceavaSuceava

1

1

FocsaniFocsani

1

BotosaniBotosani

3 sites 22 screens 3 500 seats 2008 openings pipeline

1

SibiuSibiu

1

288 screensin the investment pipeline:

2008: 10 screens2009-2011: 278 screens

11

5

1

2

1

CraiovaCraiova

BrailaBrailaTimisoaraTimisoara

2

PitestiPitestiBucharestBucharest

1PloiestiPloiesti

2GalatiGalati2AradArad

Projects signed

Existing cinemas

1

DevaDeva

FocsaniFocsani

1

1

TargovisteTargoviste

1. New Age Media – on screen advertising started in 2007

Other activities:

1

Bulgaria

1 RuseRuse

screens opening

Plovdiv 8 2009

Ruse 8 2010

Varna 12 2010

Burgas 10 2010

Stara Zagora 8 2010

Stara Zagora 6 2011

1 site 13 screens

2 900 seats 1 IMAX®

2009-2011 openings pipeline

1

1

VarnaVarna

BurgasBurgasStara Stara

ZagoraZagora

1

1

1

SofiaSofia

PlovdivPlovdiv

RuseRuse

2

Projects signed

Existing cinemas

Stara Zagora 6 2011

2009-2010 52

52 screensin the investment pipeline

in 2009-2011.

12

Cinema City Cinema Advertising Model(continuing the evolution beyond traditional cinema exhibition)

► Potential to capture 6 countries with over 50 large cities► On Screen Advertising market in Poland poised for growth:

> grew by 20% to estimated PLN 70 m in 2007► Market share in Poland is already over 65%

on screen off screen sponsorship

► Market share in Poland is already over 65%► Operating in Hungary and in Romania since 2007► Signed Agreement with cinema circuits Helios and Kinoplex in July 2007► International contracts with Coca-Cola, Nestle, Ferrero Rocher

► The goal is to become the predominant on screen advertiser in CEE market

13

Real Estate Development

► Cinema City develops shopping centers with Cinema City multiplexes

► Capitalize on real estate development expertise gained in Poland and Bulgaria► Mall of Sofia center completed and sold. Currently 3 additional malls under development. ► Stabile base of tenants signing lease agreements in each shopping center ► Contribution to financial results

Mall of Sofia, Sofia 2006

Mall of Ruse, construction start 2008

Mall of Plovdiv – opening planned for spring 2009

14Mall of Stara Zagora

Cinema City Opportunities and Risks

� number of films released

� quality of films

� access to suitable site locations

� local economic performance

risksopportunities

� leveraging upon strong corporatebrand and market position

� strong perspective on existing andpotential markets

� experienced management team

� proven business partners including premier� proven business partners including premierregional shopping mall developers

� high quality theatres, experience and service

� digital cinema

15

Digital Cinema City

► 100 digital projectors to be installed in 2008 and

2009.

► Digitalization expenses of EUR 3.3 million in 2008

► Broader range of content will bring additional

Journey to the Center of the Earth

► Broader range of content will bring additional

audience

► Digital 3D cinema in regular halls

► Exclusive agreement with Digiscreen to provide

Royal Opera House in London webcast shows in

Cinema City multiplexes

16BOLT

Fly me to the moon

CCI Expansion Opportunities in Potential Markets

CC inCEE

region160 m

Western option:370 m people

Eastern option:

1.4 b people

160 m people

17

Cinema City Financial and Operating Results

140.0

Cinema City Growth Story

in € m

96 99

108

144

161.3

CAGR 2002-2007

Revenues

EBITDA

Net profit

10,4%

15,2%

16,6%

Revenues +15.0%

EBITDA +18.5%

Net profit +12,7%

9M 2008/2007*

121.7

31.5

14.6

9M 2008

8996

2002 2006200520042003

14.8

21.424.0

31.2

15.8

2007

34.6

11.7

16.6

7.75.03.92.2

199M 2007

26.6

13.0

* non-audited

Cinema City Balance Sheet

in EUR ‘000

As at

30 Sept

2008

As at

30 Sept

2007

change

equity 179 700 146 649 + 22.5%

+ 77.2%

20

debt 94 257 53 185 + 77.2%

cash 9 235 9 327 -1.0%

net debt 85 022 43 858 + 93.9%

net debt/equity 0,47 0,30 + 0.17

Revenues Breakdowns by Countries and by Segments

53,7%

14,3%

6,6%

1,5%

17,8%

€ 140 m

9 M 2008

80,5%11,9%

1,6%

6,0%

Real estate

Film distribution

DVD retailTheater operationsbreakdown (% of total sales):

Ticket sales 53.3%Consessions 16.2%Advertising 10.9%

9 M 2008

€ 140 m

Poland

Hungary

Bulgaria

Israel

Romania

76,0%

13,6%

2,4%

8,0%

21

6,1%

52,1%

5,9%

13,8%

8,5%

19,7%

PolandHungary

Bulgaria

Israel

Czech Rep.

€ 122 m

9 M 2007Real estate

Filmdistribution

DVD retailTheater operationsbreakdown (% of total sales):

Ticket sales 50.0%Consessions 14.5%Advertising 11.5%

€ 122 m

9 M 2007

Hungary

Czech Rep.

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