New York, November 20, 2014 -- Moody's Investors Service assigned ratings to the new Domestic Facilities. Village Roadshow amended and restated (the Amendment) on October 27, 2014 its senior credit facilities (New Films Facility and Ultimate Facility) by adding domestic tranches to each facility allowing it to purchase equal percentages of domestic and foreign film rights. The New Films Facility was divided into the Domestic New Films Facility and the Foreign New Films Facility. The Tranche A-1 Ultimates Facility was divided into the Domestic Ultimates Facility Tranche A-1 and the Foreign Ultimates Facility Tranche A-1. The borrowers in these facilities are Village Roadshow Films (BVI) Limited (VRF or the Foreign Borrower) and Village Roadshow Films North America Inc. (VRFNA or the Domestic Borrower). The Foreign Borrower owns film rights in countries other than the United States and Canada (Foreign Film Rights) and the Domestic Borrower will own film rights in the United States and Canada (Domestic Film Rights). There will not be a separate maximum amount for either the domestic or the foreign sub-tranche of either facility, but the aggregate principal amount of the loans borrowed by both Borrowers under each facility shall not exceed the maximum amount of such facility and the domestic or foreign sub-tranche of either facility shall not exceed the borrowing base with respect to such sub-tranche.

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