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

    NEW YORK, Feb. 12 /CNW/ - On February 12, 2009, MHR Capital Partners
Master Account LP, MHR Capital Partners (100) LP and MHR Institutional
Partners III LP collectively acquired beneficial ownership of 220,000 common
shares ("Common Shares") in the capital of Lions Gate Entertainment Corp.
(trading symbol "LGF" on the New York Stock Exchange ("NYSE")) through the
facilities of the NYSE at a price per share of US$4.20 (approximately
CDN$5.22), representing approximately 0.2% of the issued and outstanding
Common Shares. As a result, investment funds affiliated with MHR Fund
Management LLC now collectively hold 20,339,503 Common Shares, representing
approximately 17.56% of the issued and outstanding Common Shares. The Common
Shares were acquired 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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