FOR IMMEDIATE RELEASE
ICAHN ACCEPTS TENDERED LIONS GATE SHARES AND SUBSEQUENT
OFFERING PERIOD COMMENCES
New York, New York, June 17, 2010
Contact: Susan Gordon (212) 702-4309
Carl C. Icahn announced today that, as of 8:00 p.m. (New York time) on June 16, 2010, the tender deadline under the offer by
Mr. Icahn’s affiliated entities to purchase any and all of the outstanding common shares of Lions Gate Entertainment Corp. for
$7.00 per share in cash, 15,593,104 common shares of Lions Gate were validly deposited into the offer. As all of the terms and
conditions of the offer have been satisfied, Mr. Icahn and his affiliated entities have taken up and accepted for payment all of
the tendered common shares, which represent approximately 13.2% of Lions Gate’s outstanding common shares. Following
purchase of these shares, Mr. Icahn and his affiliated entities will own approximately 31.8% of Lions Gate’s outstanding
common shares. The aggregate cash consideration to be paid for the Lions Gate common shares tendered through June 16, 2010
is approximately $109.2 million.
Mr. Icahn also announced today that the subsequent offering period for the offer has commenced and will expire at 11:59 p.m.
(New York time) on June 30, 2010. During the subsequent offering period, holders of Lions Gate common shares who did not
tender their shares during the initial offer period may tender their shares and receive the same consideration of $7.00 per share in
cash, without interest, as was offered during the initial offer period. Mr. Icahn’s affiliates will immediately accept and promptly
pay for all Lions Gate shares as they are tendered during the subsequent offering period. A related notice is being mailed to
Lions Gate shareholders today.
Mr. Icahn stated: “We are pleased with the results of our tender offer. We note Lions Gate’s repeated warnings that our
purchase of shares tendered in the offer would cause an “event of default” under the company’s credit facilities, which could