CINEWORLD GROUP PLC — Board/Management Information 2013

Nov 20, 2013

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RNS Number : 4627T

Cineworld Group plc

20 November 2013

20 November 2013

CINEWORLD GROUP plc

Announcement

Cineworld Group plc ("Cineworld") today announces that after 44 years in the cinema industry and 18 years leading Cineworld as its Founder and CEO, Steve Wiener has decided that it is time to move on and enjoy the fruits of his success in building the UK's top cinema chain. Steve plans to leave the business on 31st March 2014 and an announcement regarding a new CEO will be made in due course.

Commenting on the announcement Anthony Bloom, Chairman of Cineworld, said: "I speak on behalf of the Board and everyone in the business when I thank Steve for having the vision to create Cineworld and subsequently building it into the UK's most popular cinema business.  He has led the company with great distinction from the first day of its founding and has mentored and developed an outstanding management team.  He will leave the business in fine shape and with significant management depth when he moves on to new challenges at the end of March.

"This is an exciting time for Cineworld as it continues with ambitious UK expansion plans.  We have just opened our newest cinema in Wembley and are making steady progress on the well-developed programme Steve has put in place over the past several years.  We look forward to the next chapter of our growth and express our deep appreciation to Steve."

Commenting on the above Steve Wiener said: "In 1995 my wife Jenny and I wrote a business plan to start a cinema company.  We expected over a five year period to open five-seven multiplex cinemas and sell it on to one of the big operators.

"Today, in 2013, Cineworld is the number one cinema chain in the UK and has been for more than three years.  This was achieved by a lot of hard work by an executive team that is the best I have ever worked with in my 44 years in the industry.  I am sure with them on board Cineworld will continue to go from strength to strength."

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For further information:

Bell Pottinger Pelham	020 7861 3232
Elly Williamson

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