Today (27/01/09) Kinepolis Group NV and H+Z Beteiligungs GmbH group
have entered into a sale and transfer agreement pursuant to which H+Z
Beteiligungs GmbH group is to acquire Kinepolis Group NV's minority
interest of 12.61% (representing 3 million shares) in the German
cinema group CinemaxX AG.

The shares will be transferred to H+Z Beteiligungs GmbH group in
three equal tranches, subject to the payment of the purchase price,
which will be due in three instalments on January 30, April 30 and
July 31, 2009.

For Kinepolis the transaction will generate a capital gain in the
amount of the purchase price, as the interest was written off in
2001.

The minority interest in CinemaxX AG is not core to the Kinepolis
activities. Kinepolis deems the timing to be right to sell its
CinemaxX shares.


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