Alliance Atlantis requests Nasdaq delisting

Alliance Atlantis requests Nasdaq delisting

www.allianceatlantis.com

TSX: AAC.A, AAC.NV.B NASDAQ: AACB

TORONTO, July 7 /PRNewswire-FirstCall/ -- Alliance Atlantis Communications Inc. (the "Company") has asked the Nasdaq Stock Market to delist its Class B common shares effective at the close of business today. These shares trade under the symbol AACB.

"Given the very low volume of trading in our Class B common shares on Nasdaq, and the ongoing listing and administrative costs, it was determined that this listing was no longer cost-effective," said David Lazzarato, Executive Vice President and Chief Financial Officer.

As a registrant under the Securities Exchange Act of 1934, the Company will continue to have ongoing United States securities obligations, including those related to Sarbanes-Oxley.

The Company's Class B common shares will continue to be listed and trade on the Toronto Stock Exchange; trading symbol AAC.NV.B.

About Alliance Atlantis Communications

In 2005, Alliance Atlantis Communications Inc. celebrates its 10th anniversary as a leading specialty broadcaster, continuing to offer Canadians recognizable, high-quality brands boasting targeted, high-quality programming across 13 specialty channels. The Company co-produces and distributes a limited number of television programs in Canada and internationally, including the hit CSI franchise, and holds a 51% limited partnership interest in Motion Picture Distribution LP, Canada's leading motion picture distribution business. The Company's common shares are listed on the Toronto Stock Exchange - trading symbols AAC.A, AAC.NV.B and on Nasdaq - AACB. The Company's Web site is www.allianceatlantis.com.

Certain statements and information included in this release constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Alliance Atlantis to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. The words or phrases "guidance", "expect", "anticipate", "estimates", and "forecast" and similar words or expressions are intended to identify such forward-looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's periodic reports and registration statements filed with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission. Alliance Atlantis undertakes no duty to update or revise its forward-looking statements because of new information, future events, or otherwise.

Source: Alliance Atlantis Communications Inc.

CONTACT: David Lazzarato, Executive Vice President and Chief Financial Officer, Tel: (416) 967-1174, E-mail: david.lazzarato@allianceatlantis.com; Andrew Akman, Vice President, Corporate Development and Investor Relations, Tel: (416) 966-7701, E-mail: andrew.akman@allianceatlantis.com

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