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

    NEW YORK, Oct. 28 /CNW/ - On October 28, 2008, MHR Institutional Partners
III LP acquired beneficial ownership of 230,000 common shares ("Common
Shares") at CDN $7.996 per Common Share 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 0.20% of the issued and outstanding Common Shares. As a result,
investment funds affiliated with MHR Fund Management LLC ("MHR") now
collectively hold 18,045,949 Common Shares, representing approximately 15.37%
of the issued and outstanding Common Shares. MHR effected the acquisition of
Common Shares for investment purposes.

For further information:

For further information: or 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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