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VGL – Market Announcement

Operational Update21 August 2022VGLInformation Technology

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Market Announcement

22 August 202 2, Vista Group International Ltd, Auckland, New Zealand


Auckland, New Zealand, 22 August 2022 – Vista Group (NZX & ASX:VGL) updates the

market on media speculation regarding the financial position of Cineworld Group Plc

(LON:CINE).


Cineworld is the owner of Cineworld (UK), Regal (USA) and Picturehouse (UK) cinema

circuits, and is one of the top ten cinema circuits globally. It is a key customer for Vista Group

and uses almost all of the Group’s technology.


Cineworld has yet to respond to recent media statements and so the status of its ’ financial

position, and intended response, remains unclear and unconfirmed. However, it is public

information that Cineworld has a significant debt burden. It is also generally understood that

the current situation is specific to Cineworld and does not reflect the status of the wider

cinema industry.


Vista Group is continuing to monitor the situation closely, but does not expect it to have a

material impact on the current year guidance. Some form of receivables provisioning may be

required depending on future circumstances.


Kimbal Riley, Vista Group Chief Executive, commented “Cineworld remains a valued Vista

Group customer and our technology continues to play a vital role in enabling Cineworld to

operate. We will continue to provide the Cineworld team with the best possible support over

this challenging time.”


“Given the strength of the recent box office and the quality of the up-coming slate, including

movies such as Black Adam, Black Panther: Wakanda Forever and Avatar 2: The Way of

Water, we continue to see positive news across the industry and trust that Cineworld will have

the opportunity to share fully in that.”


Vista Group releases it FY22 half year results on Monday, 29 August 2022.


For further information please contact:


Matt Cawte

Chief Financial Officer

Vista Group International Limited

Contact: +64 9 984 4570

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