AMC Entertainment Holdings, Inc. Completes Sale Leaseback of 7 U.S. Theatres for $130 Million

Generates approximately $128 million of cash after closing costs;
creates a deferred gain of approximately $80 million, amortized over the
life of the leases

Consistent with previous AMC announcement to monetize up to $400
million in assets

LEAWOOD, Kan.–(BUSINESS WIRE)–AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”)
announced today it has completed a $130 million transaction with an
unidentified American buyer to sell and simultaneously lease back seven
theatre properties in New York, New Jersey and Indiana, an arrangement
commonly referred to as a sale leaseback agreement. This is consistent
with its previously announced plan to identify approximately $400
million of assets, in which AMC’s ownership was not essential, and that
could be monetized over the next twenty-four months.

The sale will generate approximately $128 million in cash after closing
costs and will create a deferred gain on sale of approximately $80
million that will be amortized throughout the long-term leases, under
current accounting standards.

Commenting on the transaction, AMC CEO and President Adam Aron said:
“AMC’s $130 million sale leaseback transaction is the second action step
we have consummated since the announcement last month to realize monies
from assets which were not vital for us to own. Combined with the sale
of our 50% interest in Open Road Films, which was sold last month with
an $18 million pre-tax gain, AMC has generated more than $140 million of
cash. This is beneficial in enabling AMC to pursue our plan to
strengthen our balance sheet even as we pursue dynamic growth.”

Aron continued, “In August, AMC announced that we had identified some
$400 million in assets that could be painlessly sold to enhance our
overall liquidity position, as well as assist in funding the buying back
of AMC shares, paying down of our debt and fueling the growth of AMC
through deployment of our proven strategic initiatives.”

About AMC Entertainment Holdings, Inc.

AMC (NYSE: AMC) is the largest movie exhibition company in the U.S., in
Europe and throughout the world with approximately 1,000 theatres and
11,000 screens across the globe. AMC has propelled innovation in the
exhibition industry by: deploying more plush power-recliner seats;
delivering enhanced food and beverage choices; generating greater guest
engagement through its loyalty program, web site and smart phone apps;
offering premium large format experiences and playing a wide variety of
content including the latest Hollywood releases and independent
programming. AMC operates among the most productive theatres in the
United States’ top markets, having the #1 or #2 market share positions
in 22 of the 25 largest metropolitan areas of the United States,
including the top three markets (NY, LA, Chicago). Through its Odeon
subsidiary AMC operates in 14 European countries and is the # 1 theatre
chain in Estonia, Finland, Italy, Latvia, Lithuania, Spain, Sweden and
UK & Ireland. For more information, go to www.amctheatres.com.

Contacts

AMC Entertainment Holdings, Inc.
INVESTOR RELATIONS:
John
Merriwether, 866-248-3872
InvestorRelations@amctheatres.com
or
MEDIA
CONTACTS:
Ryan Noonan, 913-213-2183
rnoonan@amctheatres.com