Mr. Ellis Jacob reports

CINEPLEX REPORTS MAY 2023 BOX OFFICE RESULTS AND PROVIDES UPDATE ON SECOND QUARTER TO DATE

Today, Cineplex Inc. provided an update on its second quarter box office results to date, including May, 2023, and the first 11 days of June, 2023. As previously disclosed, Cineplex's combined April, 2023, box office and theatre food service revenues represented an all-time April record for the company. In looking at the May, 2023, box office results, it is important to note that the comparator period of May, 2019, was an all-time May record for Cineplex and included the results of the second highest-grossing film of all time, Avengers: End Game. June is off to a strong start with Spider-Man: Across the Spider-Verse, which established a record for the highest opening for the first weekend in June and surpassed its predecessor, Spider-Man: Into the Spider-Verse released in 2018, by 341 per cent.

For the period from April 1 to June 11, 2023, Cineplex's box office revenues are approximately 88 per cent of the same period in 2019 with an exciting lineup of films still to come, including The Flash and Indiana Jones and the Dial of Destiny. For this period, the combined box office and theatre food service revenues in 2023 are approximately 92 per cent of the same period in 2019. For the month of May, 2023, Cineplex reported box office revenues of $48-million, which amounts to 69 per cent of box office revenues generated during the same time frame in 2019 and for the first 11 days of June, 2023, box office revenues are exceeding June, 2019, coming in at approximately 121 per cent of the first eleven days of June, 2019.

"Successful film franchises continue to display the influence blockbuster films have on consumer demand and have been excellent at drawing guests to our premium offerings," said Ellis Jacob, president and chief executive officer, Cineplex. "In addition to strong consumer demand, we are pleased with the quantity and quality of compelling films scheduled for June and beyond," concluded Mr. Jacob.

About Cineplex Inc.

Cineplex (Toronto Stock Exchange: CGX) is a top-tier Canadian brand that operates in the film entertainment and content, amusement and leisure, and media sectors. Cineplex offers a unique escape from the every day to millions of guests through its circuit of over 170 movie theatres and location-based entertainment venues. In addition to being Canada's largest and most innovative film exhibitor, the company operates Canada's favourite destination for eats and entertainment (the Rec Room), complexes specially designed for teens and families (Playdium), and a newly launched entertainment concept that brings movies, amusement gaming, dining and live performances together under one roof (Cineplex Junxion). It also operates successful businesses in digital commerce (Cineplex Store), alternative programming (Cineplex Events), motion picture distribution (Cineplex Pictures), cinema media (Cineplex Media), digital place-based media (Cineplex Digital Media) and amusement solutions (Player One Amusement Group). Providing even more value for its guests, Cineplex is a partner in Scene+, Canada's largest entertainment and lifestyle loyalty program.

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