Movie Distribution Income Fund Clarifies Sale Closing and August Distribution Timing



    /NOT FOR RELEASE OVER U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
    UNITED STATES/

    TSX: FLM.UN

    TORONTO, Aug. 9 /CNW/ - Movie Distribution Income Fund (the "Fund") today
announced that, assuming closing of the previously announced sale (the "Sale
Transaction") of its indirect 49% interest in Motion Picture Distribution LP
("MPDLP") occurs on August 15, 2007 as currently anticipated, units of the
Fund will be delisted from trading on the Toronto Stock Exchange on August 16,
2007 and redeemed on August 17, 2007. Unitholders whose units are redeemed on
August 17, 2007 will receive $10.043 per unit, comprised of the $10 per unit
redemption proceeds together with a proportionate distribution of $0.043 per
unit of distributable cash (and not $0.047 as previously reported) for the
period from August 1, 2007 through August 14, 2007.

    About Motion Picture Distribution LP and Movie Distribution Income Fund

    Motion Picture Distribution LP is a leading distributor of motion
pictures in Canada, with motion picture distribution operations in the United
Kingdom and Spain. MPDLP distributes filmed entertainment to theatres, on
video and DVD, and to television broadcasters. Alliance Atlantis
Communications Inc. (TSX: AAC.A, AAC.B) currently indirectly holds a 51%
ownership interest in MPDLP and Movie Distribution Income Fund (TSX: FLM.UN)
indirectly holds the remaining ownership interest in MPDLP.

    Forward-looking statements:

    This press release includes forward-looking statements, which are based
on certain assumptions and reflect the current expectations of the Fund and
MPDLP. Forward-looking statements are those which are not historical fact and
include, but are not limited to, statements of the Fund's or MPDLP's
expectations and intentions. The reader should not place undue reliance on
them. They involve known and unknown risks, uncertainties and other factors
that may cause them to differ materially from the anticipated future results
or expectations expressed or implied by such forward-looking statements,
including among other things whether the Sale Transaction will be completed,
whether on the terms currently contemplated or otherwise. Important factors
that could cause actual results to differ materially from those set forth in
the forward-looking statements include: a change of control of Alliance
Atlantis, audience acceptance of our filmed entertainment, our relationship
with filmed entertainment content suppliers; the loss of key personnel,
technological change that increases competition or facilitates the
infringement of our intellectual property, changes to the regulatory
environment, actions of our competitors and changes in the general economy.
Additional information about these factors and other factors are described in
materials filed by the Fund with the security regulatory authorities in Canada
from time to time, including the Fund's and MPDLP's Management's Discussion
and Analysis ("MD&A") for the year ended December 31, 2006 and for the period
ended March 31, 2007, as well as the Fund's management information circular
dated July 6, 2007. Neither the Fund nor MPDLP undertakes any obligation to
publicly update or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise.

    (*) "Alliance Atlantis" with the stylized "A" design is licensed from
    Alliance Atlantis Communications Inc., an indirect limited partner of
    Motion Picture Distribution LP, not a general partner.





For further information:

For further information: Lloyd A. Wiggins, Chief Financial Officer,
Movie Distribution Income Fund, Tel: (416) 966-7266,
lloyd.wiggins@allianceatlantis.com

Organization Profile

MOVIE DISTRIBUTION INCOME FUND

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