Reading International Announces Auckland, New Zealand Cinema Project

Reading International, Inc. (RDI) announced today the confirmation of its new cinema project in New Lynn, a suburb of Auckland, New Zealand.

Following an agreement reached in 2013 between Kiwi Income Property Trust ("KIPT") and Reading, KIPT confirmed today that it was moving forward with its NZ$36.0 million development of a new dining and entertainment precinct at LynnMall Shopping Centre.

The proposed 8-screen cinema complex that Reading will lease from KIPT will be the first Reading cinema in New Zealand's capital city and will be the first cinema in New Lynn since 2000.

The proposed cinema will require a Reading investment of NZ$5.0 million and is scheduled to open in early 2016.

About Reading International, Inc.

Reading International (http://www.readingrdi.com) is in the business of owning and operating cinemas and developing, owning and operating real estate assets. Our business consists primarily of:

• the development, ownership and operation of multiplex cinemas in the United States, Australia and New Zealand; and
• the development, ownership, and operation of retail and commercial real estate in Australia, New Zealand, and the United States, including entertainment-themed retail centers ("ETRC") in Australia and New Zealand and live theater assets in Manhattan and Chicago in the United States.

Reading manages its worldwide cinema business under various different brands:

• in the United States, under the
  • Reading brand (http://www.readingcinemasus.com),
  • Angelika Film Center brand (http://www.angelikafilmcenter.com),
  • Consolidated Theatres brand (http://www.consolidatedtheatres.com),
  • City Cinemas brand (http://www.citycinemas.com),
  • Beekman Theatre brand (http://www.beekmantheatre.com),
  • The Paris Theatre brand (http://www.theparistheatre.com);
  • Liberty Theatres brand (http://www.libertytheatresusa.com); and
  • Village East Cinema brand (http://www.villageeastcinema.com)
• in Australia, under the
  • Reading brand (http://www.readingcinemas.com.au);
  • Newmarket brand (http://www.readingnewmarket.com.au); and
  • Red Yard Entertainment Centre (http://www.redyard.com.au)
• in New Zealand, under the
  • Reading (http://www.readingcinemas.co.nz);
  • Rialto (http://www.rialto.co.nz) brands;
  • Reading Properties brand (http://www.readingproperties.co.nz);
  • Courtenay Central brand (http://www.readingcourtenay.co.nz);
  • Steer n' Beer restaurant brand (http://www.steernbeer.co.nz); and
  • Taupo Motel brand (http://www.sailstaupo.co.nz).

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