Mr. Ellis Jacob reports

CINEPLEX REPORTS JUNE 2023 BOX OFFICE RESULTS

Cineplex Inc. had June box office revenues of $56-million, which amounts to 98 per cent of box office revenues generated during the similar period in 2019. Combined box office and theatre food service revenues in June amounted to 104 per cent of June, 2019, results. In the second quarter of 2023, the company's box office revenues were approximately 87 per cent of the same period in 2019 and Cineplex outpaced the North American box office recovery by more than 500 basis points. Furthermore, combined box office and theatre food service revenues in the second quarter of 2023 reached 92 per cent of the same period in 2019.

"The second quarter of 2023 marks the first postpandemic period where the industry saw improved film supply with our second quarter results reflecting both the significant impact of our industry's rebound and our efforts to capitalize on that momentum," said Ellis Jacob, president and chief executive officer, Cineplex. "We are confident in the continued strength of our business as we excitedly await the compelling films scheduled for July and beyond, including the highly anticipated Mission: Impossible -- Dead Reckoning Part One, Oppenheimer, Barbie and many more," Mr. Jacob concluded.

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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