MHR announces acquisition of common shares of Lions Gate Entertainment Corp.

    NEW YORK, June 21 /CNW/ - On June 20, 2007, MHR Capital Partners Master
Account LP, MHR Capital Partners (100) LP, MHR Institutional Partners II LP,
MHR Institutional Partners IIA LP and MHR Institutional Partners III LP
(collectively, "MHR") collectively acquired 1,394,827 common shares ("Common
Shares") in the capital of Lions Gate Entertainment Corp. ("Lions Gate")
(trading symbol "LGF" on the New York Stock Exchange ("NYSE")) through the
facilities of the NYSE, representing approximately 1.2 % of the issued and
outstanding Common Shares. As a result, MHR now holds 12,994,827 Common
Shares, representing approximately 11.1% of the issued and outstanding Common
Shares. MHR acquired the Common Shares for investment purposes.

For further information:

For further information: To obtain a copy of the report required
pursuant to the early warning reporting requirements, please contact: MHR Fund
Management LLC, 40 West 57th Street, 24th Floor, New York, New York 10019,
USA, Attention: Arlene Mizrahi, Phone: (212) 262-0005

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