Fairness hearing date for Alliance Atlantis Plan of Arrangement now scheduled for June 28, 2007

Fairness hearing date for Alliance Atlantis Plan of Arrangement now scheduled for June 28, 2007

TSX: AAC.A, AAC.B

TORONTO, May 30 /PRNewswire-FirstCall/ -- Alliance Atlantis Communications Inc. today announced that, at its request, the Ontario Superior Court has now scheduled June 28, 2007 as the date on which the Court will hold the fairness hearing in connection with the Plan of Arrangement pursuant to which AA Acquisition Corp., a subsidiary of CanWest MediaWorks Inc., would acquire all of the outstanding shares of Alliance Atlantis for $53.00 cash per share. The hearing had been scheduled for June 15, 2007.

Alliance Atlantis, AA Acquisition Corp. and GS Capital Partners VI, L.P. (a private equity affiliate of Goldman Sachs & Co.) have also agreed with Movie Distribution Income Fund and its subsidiary trust, Movie Distribution Holding Trust ("Holding Trust"), that the claim by Holding Trust announced in a media release on April 4, 2007 relating to whether Holding Trust's consent was required in connection with the Arrangement would be heard on the same date.

"Holding Trust, AA Acquisition Corp. and GS Capital Partners VI, L.P., with assistance from management of MPD and Alliance Atlantis, continue to engage in discussions," said David Lazzarato, Executive VP and Chief Financial Officer of Alliance Atlantis. "As I said previously, delaying the court date permits the discussions to continue. As we expect the Arrangement to be completed in July or early August, we continue to believe there is ample time for this process to run its course. We are hopeful that the parties will reach a satisfactory understanding but, of course, we cannot currently predict its outcome."

Separately, Alliance Atlantis obtained relief from the Ontario Superior Court of Justice from the requirement to hold its annual general meeting by the end of June 2007. The Court extended the date to December 31, 2007.

About Alliance Atlantis

Alliance Atlantis offers Canadians 13 well-branded specialty channels boasting targeted, high-quality programming. Alliance Atlantis also co-produces and distributes the hit CSI franchise and indirectly holds a 51% limited partnership interest in Motion Picture Distribution LP, a leading distributor of motion pictures in Canada, with motion picture distribution operations in the United Kingdom and Spain. Alliance Atlantis' shares are listed on the Toronto Stock Exchange-trading symbols AAC.A and AAC.B. Alliance Atlantis' website is www.allianceatlantis.com.

Forward-Looking Statements

This press release includes forward-looking statements which reflect Alliance Atlantis' current expectations. Forward-looking statements are those which are not historical fact and include in this news release statements relating to completion of the Arrangement and the outcome of the discussions with Holding Trust. The reader should not place undue reliance on such forward-looking statements. They involve known and unknown risks, uncertainties and other factors that may cause them to differ materially from anticipated future results or expectations expressed or implied by such forward-looking statements. Certain risks, uncertainties and other factors are described in materials filed by Alliance Atlantis with the security regulatory authorities in Canada from time to time which are available at www.sedar.com. Alliance Atlantis undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.

Source: Alliance Atlantis Communications Inc.

CONTACT: Andrew Akman, Senior Vice President, Finance - Corporate
Development & Investor Relations, Alliance Atlantis Communications Inc., Tel:
(416) 966-7701, Email: andrew.akman@allianceatlantis.com; Nicola McIsaac,
Manager, Corporate & Public Affairs, Alliance Atlantis Communications Inc,
Tel: (416) 969-4405, Email: nicola.mcisaac@allianceatlantis.com

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Profile: International Entertainment