Mr. Ellis Jacob reports

CINEPLEX ANNOUNCES BANK CREDIT AGREEMENT EXTENSION

Cineplex Inc. has made the first amendment to its bank credit agreement, which extends the maturity date from March 4, 2027, to either Sept. 18, 2028 (if existing 7.625 per cent senior secured notes due March 31, 2029, have not been repaid, redeemed or refinanced in full), or March 18, 2029. The amendment also provides for the replacement of certain benchmark reference rates (from adjusted term secured overnight financing rate to term SOFR) and provides additional flexibility with respect to permitted distributions and debt repayments, prepayments or redemptions in connection with property sales subject to certain existing restrictions under Cineplex's debt agreements. A copy of this amendment will be filed under the company's profile on SEDAR+.

The bank credit agreement continues as a $100-million covenant-light revolving credit facility. The bank credit agreement does not contain financial maintenance covenants, unless borrowings under the agreement (including letters of credit) exceed 40 per cent of the total credit facility. As at Dec. 31, 2025, there were no amounts drawn under the credit facility and $7.7-million reserved in the form of letters of credit.

"We are pleased with the ongoing support of our lending group with this extension and the continuation of the covenant-light structure," said Ellis Jacob, president and chief executive officer. "This continues to provide us with flexibility and a strong liquidity profile."

About Cineplex Inc.

Cineplex 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 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 & Entertainment (the Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining and live performances together under one roof (Cineplex Junxion). It also operates successful businesses in cinema media (Cineplex Media), alternative programming (Cineplex Events) and motion picture distribution (Cineplex Pictures). Providing even more value for its guests, Cineplex is a partner in Scene+, Canada's largest entertainment and lifestyle loyalty program.

Proudly recognized as having one of the country's most admired corporate cultures, Cineplex employs over 10,000 people in its offices and venues across Canada.

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