IMAX Corporation announced an agreement with the Daqing Science and Technology Association to
install an IMAX(R) theatre in the Daqing Science and Technology Museum,
located outside of Harbin, the capital city of Heilongjiang Province, in
North-East China. The deal reflects the continued interest in the IMAX theatre
business from a wide range of exhibitors in The People’s Republic of China,
including commercial theatre-chains, institutions and property developers. The
theatre is scheduled to be open in early 2008, in time for the Chinese New
Year which begins in February.

“We are pleased with the continued enthusiasm for IMAX theatres in China
and believe we can continue to grow in this important market,” said IMAX
Co-CEO’s and Co-Chairmen Richard L. Gelfond and Bradley J. Wechsler. “We are
delighted to expand our institutional network with a new theatre at the Daqing
Science and Technology Museum, which is an important cultural and educational
destination. IMAX’s brand awareness throughout the world continues to increase
with each new theatre, and we look forward to enhancing our presence in this
important market.”

“The appeal of The IMAX Experience has already been demonstrated in
China, and we are excited to include the IMAX theatre as an anchor attraction
at our museum,” said Mr. Zhang Jianguo, Chairman of Daqing Science and
Technology Association. “IMAX has a history of transporting moviegoers to
places they couldn’t normally get to, with impressive IMAX films in both 2D
and IMAX(R) 3D. We look forward to sharing these interesting educational films
with our patrons.”

When IMAX established its Asian headquarters in Shanghai in June 2002,
there were two IMAX theatres open in the country, with two more in
development. There are currently 11 IMAX theatres open in The People’s
Republic of China, and the total number of IMAX theatres scheduled to be open
by the end of 2009 is now 28.