Mr Nisan Cohen, Deputy CFO Cinema City International N.V. ING EMEA Forum Prague, 3-4 December 2008 Cinema City Shareholding Structure

Other shareholders I.T. International Theaters

BZ WBK AIB 14,79% Asset Management

5,23% ING OFE 5,31% 50 834 000 shares 10,30% Commercial Union 64,37% OFE

1 Cinema chain

62 theaters 571 screens

113 K seats 8 IMAX®

6 countries

45 theaters 467 screens under development under development

Next opening: Pardubice (8) December 2008

Screens in operation Screens under development Digital screens

Poland 90 (19%)

Israel 26 (6%)

Hungary 13 (3%) The Czech 8 (2%) Rep.

Bulgaria 52 (11%)

Romania 278 (59%) 2 CEE Cinema Market Underpenetration

USA FIN 4,8 admissions per capita S N 1,2 population per screen 1,7 2,6 EE 1,2 IRL DK LV 0,7 2,3 4,3 UK LT NL 0,7 2,9 B 1,3 PL D 2,3 0,8 1,4 3,0 admissions per capita CZ 1,1 F SK population per screen 0,4 2,8 CH A 2,1 2,1 HU 1,1 RO I 0,1 HR 1,8 YU P E 0,7 BG 1,5 0,5 2,6 0,4

GR 1,1 1,1 Media Salles, country cinemagoing statistics and CY CCI calculations – data for 2006&2007 3 Cinema City Business Model

► Cinema City operates 5 business lines in 6 countries

Film DVD Cinemas Advertising distribution Real estate distribution

Poland IT Poland - 278 screens Development Hungary - 102 screens Czech Rep. -- 43 screens

Israel Development 113 screens IT Plovdiv Bulgaria - IT Ruse - 13 screens IT Stara Zagora Romania --- 22 screens 4 Cinema City’s Growth Has Been Sustained by Strong Demand for Modern Entertainment Venues

x 10

1997 Today 2011* 95 screens 571 screens 1023 screens 1 country 6 countries 6 countries

* Based on signed agreements as of November 2008 and without considering any new territorial expansion 5 Cinema City Countries

6 Cinema City in Poland

2008-2011 openings pipeline 25 sites 278 screens 59 500 seats 5 IMAX ®

BYDGOSZCZ 13 opened ZIELONA GORA 9 opened 1 2008 22 1 Gdańsk RZESZOW 10 BIELSKO BIALA 8 Bydgoszcz BYTOM 8 Toruń 1 PŁOCK 8 1 Płock 2 KRAKÓW BONARKA 20 1 GDANSK NOWE MIASTO 19+IMAX Poznań 6 CZESTOCHOWA 10 Zielona Góra WALBRZYCH 6 1 1 Łódź 2009-2011 89 1 Wrocław Ruda Śląska 1 1 1 Lublin 1 Częstochowa CCI market share in 1 1 Bytom 1 1 Sosonowiec no of multiplex screens Walbrzych Gliwice KatoKatowicewice 1 2 Rzeszów Rybnik 3 1 1 1 Cinema & Kraków Bielsko Biała City Kinoplex Existing cinemas 52% 18% Signed projects

Other activities: &Silver 1. New Age Media – on screen advertising Screen 2. Forum Film Poland – Walt Disney and other leading film studios 30% 3. IMAX ® and Cinemapark – entertainment and education 7 Cinema City in Hungary Next CC in Budapest: Budapest Skala Center with 13 screens Expected Opening: 2009 12 sites 1 IMAX ®

102 screens 19 000 seats CC Arena

1 Miskolc

Budapest Debrecen 1 Gyor 1 1 1 1 CC Skala Sopron Veszprem 1 1 1 Alba SzSzolnokolnok 1 1 Savaria Zala Szeged Pecs 1 1 CC market share in number of multiplex screens (including CC Arena) Existing cinemas

Signed projects Cinema City 47% Other activities: Palace Cinemas 50% 1. New Age Media – on screen advertising started in 2007 2. Forum Film Hungary – Walt Disney and other leading film studios Budapest 3. Home Entertainment – Warner, Sony and others Film 3% 8 Cinema City in the Czech Republic

2008 openings pipeline 5 sites 43 screens 8 289 seats 1 IMAX ®

2008 no of screens opening Pilzen 10 opened Pardubice 8 2H08

Prague

4 Pardubice 1 1 Pilzen

Existing cinemas

Signed projects

Other activities: 1. NAM Czech Republic 2. DVD distibution 9 Cinema City in Israel

16 sites 113 screens 21 000 seats 2008-2009 openings pipeline

Other activities: Modein 6 opened 1 Haifa 23 opened 2008 29 Haifa Rishon LeZion 20 (net) 2009 1.Forum Film – Walt Disney and 2009 20 other leading film producers 1 2.Blockbuster – DVD rentals 1 1 3.Home Entertainment – 1 Warner, Sony and others CCI market share in 6 TelTel--AvivAviv 4.Screen Advertising 1 no of multiplex screens

1 1 1 1 Jerusalem Lev 7% CC 12% Cinema City brands: 1 Planet & Rav-Chen 42%

Globus 39% Existing cinemas

Signed projects The Cinema City brand in Israel is registered by another owner; CCI operates under the ITIT brand: Planet & Rav-Chen 10 Romania

3 sites 22 screens 3 500 seats 2008 openings pipeline

Botosani screens opening Baia Mare 1 Suceava Cluj 10 opened 1 Iasi 1 1 Bistrita 1 1 Cluj 1 1 1 1 Targu Mures 1 Bacau Oradea Sibiu Focsani 2 1 Galati 2 Arad Deva 1 Targoviste Braila 1 Timisoara 1 1 Pitesti Ploiesti 1 1 2 Bucharest 288 screens Craiova 5 in the investment pipeline: 2 2008: 10 screens 2009-2011: 278 screens Other activities: Existing cinemas Projects signed 1. New Age Media – on screen advertising started in 2007

11 Bulgaria

1 site 13 screens 2009-2011 openings pipeline

2 900 seats 1 IMAX ® screens opening Plovdiv 8 2009 Ruse 8 2010 Varna 12 2010 Burgas 10 2010 Stara Zagora 8 2010 Stara Zagora 6 2011 1 Ruse Varna 1 2009-2010 52 Sofia 1 Stara Burgas 52 screens Zagora 2 1 Plovdiv in the investment pipeline 1 in 2009-2011.

Existing cinemas Projects signed

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

on screen off screen sponsorship

► 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% ► 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 Plovdiv – opening planned for spring 2009

14 Mall of Ruse, construction start 2008 Mall of Stara Zagora Cinema City Opportunities and Risks

opportunities risks

 leveraging upon strong corporate  number of films released brand and market position  strong perspective on existing and  quality of films potential markets  access to suitable site locations  experienced management team  local economic performance  proven business partners including premier regional 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 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 Fly me to the moon Royal Opera House in London webcast shows in Cinema City multiplexes

BOLT 16 CCI Expansion Opportunities in Potential Markets

Western Eastern option: option: 370 m 1.4 b people people CC in CEE region 160 m people

17 Cinema City Financial and Operating Results Cinema City Growth Story in € m 161.3 144 9M 2008/2007* 140.0 CAGR 2002-2007 Revenues +15.0% Revenues 10,4% EBITDA +18.5% 121.7 EBITDA 15,2%

108 Net profit +12,7%

Net profit 16,6%

96 96 99

89

34.6 31.2 31.5 24.0 26.6 21.4 16.6 15.8 14.6 14.8 11.7 13.0 5.0 7.7 2.2 3.9 9M 2008 20022003 2004 2005 2006 2007 9M 2007 * non-audited 19 Cinema City Balance Sheet

As at As at 30 Sept 30 Sept change in EUR ‘000 2008 2007

equity 179 700 146 649 + 22.5%

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

20 Revenues Breakdowns by Countries and by Segments

Real Theater operations estate 9 M 2008 Israel 9 M 2008 DVD retail breakdown (% of total sales) : Ticket sales 53.3% 1,6% Film Consessions 16.2% distribution 6,0% Advertising 10.9% Romania 17,8% 1,5% 11,9% 80,5%

Bulgaria 6,6% € € 140 m 53,7% 140 m Poland 14,3% Hungary 6,1%

Czech Rep.

Real 9 M 2007 Theater operations 9 M 2007 DVD retail estate Israel breakdown (% of total sales) : 2,4% Ticket sales 50.0% Consessions 14.5% 19,7% Film 8,0% Advertising 11.5% distribution 76,0% 13,6% Bulgaria 8,5% € 122 m 52,1% € 122 m

13,8% Poland Hungary 5,9% Czech Rep. 21 Thank you www.cinemacity.nl