#1#2Disclaimer This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "plan,"” “estimate," "will," "would," "project," "maintain,"” “intend,” “expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity,"" "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks, trends, uncertainties and other facts that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements and include statements made with respect to the anticipated benefits of the transaction, including on AMC's results of operations and the price of AMC's common stock. These risks, trends, uncertainties and facts include, but are not limited to, risks related to: plans and intentions of large investors regarding their respective investments in AMC; liquidity needs of large investors; motion picture production and performance; AMC's lack of control over distributors of films; intense competition in the geographic areas in which AMC operates; increased use of alternative film delivery methods or other forms of entertainment; shrinking exclusive theatrical release windows; international economic, political, regulatory and other risks; risks and uncertainties relating to AMC's significant indebtedness; AMC's ability to execute cost cutting and revenue enhancement initiatives; box office performance; limitations on the availability of capital; risks relating to AMC's inability to achieve the expected benefits and performance from its recent acquisitions; AMC's ability to refinance its indebtedness on favorable terms; optimizing AMC's theatre circuit through construction and the transformation of its existing theatres may be subject to delay and unanticipated costs; failures, unavailability or security breaches of AMC's information systems; risks relating to impairment losses, including with respect to goodwill and other intangibles, and theatre and other closure charges; AMC's ability to utilize net operating loss carryforwards to reduce its future tax liability or valuation allowances taken with respect to deferred tax assets; review by antitrust authorities in connection with acquisition opportunities; risks relating to unexpected costs or unknown liabilities relating to recently completed acquisitions; risks relating to the potential dilution of our existing stockholders due to the Convertible Notes; risks relating to the incurrence of legal liability including costs associated with recently filed class action lawsuits; general political, social and economic conditions and risks, trends, uncertainties and other factors discussed in the reports AMC has filed with the SEC. Should one or more of these risks, trends, uncertainties or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. For a detailed discussion of risks, trends and uncertainties facing AMC, see the section entitled "Risk Factors" in AMC's Annual Report on Form 10-K, filed with the SEC on March 1, 2018, and the risks, trends and uncertainties identified in its other public filings. AMC does not intend, and undertakes no duty, to update any information contained herein to reflect future events or circumstances, except as required by applicable law. 4mc 1#3Transaction Overview Establishing a Long-Term Partnership with Silver Lake while Returning Capital to Shareholders amc ● Silver Lake has made a $600M strategic investment in AMC Entertainment through senior unsecured convertible notes ● $600M Strategic Investment by Silver Lake AMC Entertainment has repurchased 24,057,143 Wanda shares at $17.50 per share ("Reference Price") Reference Price represents a 12.9% discount to the AMC closing share price as of September 13, 2018 The pre-dividend conversion price of the Convertible Notes reflects a 17.1% premium to the Reference Price Fully 31.7% of Wanda's shares returned to AMC treasury in an orderly fashion Transaction enables AMC to return capital to shareholders through a special dividend AMC will pay a ~$160M special dividend of $1.55 per share to all shareholders of record on September 25, 2018, which is not payable on the repurchased Wanda shares Transaction is expected to be cash flow accretive to AMC in 2019 and beyond Dividend reduction from acquiring Wanda shares more than offsets incremental interest expense on Convertible Notes ● $160M Special Dividend to All Shareholders ● ~24M Wanda Shares Repurchased 2#4Strategic Rationale ✓ The transaction further strengthens and diversifies AMC's shareholder base and enabled Wanda to sell shares in an orderly manner No change of control, Wanda remains a committed long-term shareholder Upon equity conversion, Silver Lake would own approximately 23% of AMC • Silver Lake Right of First Refusal is a potential future liquidity source should the need arise 4mc ● The beginning of a long-term partnership between AMC and Silver Lake, a leading and highly experienced technology investor ● Silver Lake fully supportive of AMC's market leader position and current growth strategies The technology expertise of AMC's Board will be enhanced by a director appointed by Silver Lake as well as a technology-focused independent director which Silver Lake would help to source • AMC will leverage Silver Lake's deep expertise and industry knowledge in technology and disruption to further innovate and drive customer engagement ● O Areas of strategic focus to potentially include mobile application and web-platform, ticket pricing initiatives, further monetization of AMC Stubs and AMC Stubs A-List, and other initiatives to create long-term shareholder value Investment wholly funds both the Wanda share repurchase at a substantial discount and the special dividend Funds recently raised through monetization of non-strategic assets are intact for reinvestment in strategic initiatives and deleveraging as originally planned Convertible notes will be classified as debt with a temporary increase in leverage, but without net carrying cost given the dividend offset of the repurchased Wanda shares 3#5#6