AMC Mergers and Acquisitions Presentation Deck

Transaction 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

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