IMAX Signs Theatre Deal in China

    IMAX Corporation announced an agreement with the Daqing Science and Technology Association to
    install an IMAX(R) theatre in the Daqing Science and Technology Museum,
    located outside of Harbin, the capital city of Heilongjiang Province, in
    North-East China. The deal reflects the continued interest in the IMAX theatre
    business from a wide range of exhibitors in The People’s Republic of China,
    including commercial theatre-chains, institutions and property developers. The
    theatre is scheduled to be open in early 2008, in time for the Chinese New
    Year which begins in February.

    “We are pleased with the continued enthusiasm for IMAX theatres in China
    and believe we can continue to grow in this important market,” said IMAX
    Co-CEO’s and Co-Chairmen Richard L. Gelfond and Bradley J. Wechsler. “We are
    delighted to expand our institutional network with a new theatre at the Daqing
    Science and Technology Museum, which is an important cultural and educational
    destination. IMAX’s brand awareness throughout the world continues to increase
    with each new theatre, and we look forward to enhancing our presence in this
    important market.”

    “The appeal of The IMAX Experience has already been demonstrated in
    China, and we are excited to include the IMAX theatre as an anchor attraction
    at our museum,” said Mr. Zhang Jianguo, Chairman of Daqing Science and
    Technology Association. “IMAX has a history of transporting moviegoers to
    places they couldn’t normally get to, with impressive IMAX films in both 2D
    and IMAX(R) 3D. We look forward to sharing these interesting educational films
    with our patrons.”

    When IMAX established its Asian headquarters in Shanghai in June 2002,
    there were two IMAX theatres open in the country, with two more in
    development. There are currently 11 IMAX theatres open in The People’s
    Republic of China, and the total number of IMAX theatres scheduled to be open
    by the end of 2009 is now 28.

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