Reading International, Inc (AMEX: RDI) is in the business of owning and operating cinemas and live theaters and developing, owning and operating real estate assets. Our business consists primarily of

• the development, ownership and operation of cinemas in the United States, Australia and New Zealand, principally under the Reading Cinemas, Angelika Film Center, City Cinemas and Rialto names;
  
  
• the development, ownership and operation of commercial real estate in Australia, New Zealand and the United States, including entertainment-themed retail centers ("ETRC") in Australia and New Zealand and
  
  
• the ownership and leasing to production companies through Liberty Theaters, Inc. of "Off Broadway" style live theaters in Manhattan and Chicago

We are different from most other cinema companies due to our real property emphasis. Calculated based on book value nearly 70% of our assets relates to our real estate activities. While most of our cash flow is currently derived from cinemas, our present business plan is to reinvest that cash flow principally in real estate assets, and to be opportunistic in terms of the acquisition and development of additional entertainment properties. Unlike other cinema companies, we are not compelled to continue and redevelop our cinema assets, where higher and better uses become available for such properties.

Our principal operating real estate assets include one ETRC in Wellington, New Zealand, and three ETRC's in Australia. In addition, we own the fee interests underlying a number of our cinemas and all of our live theatres. Several of these cinema and live theater properties include ancillary retail space.

We also hold a significant amount of land for development in Australia and New Zealand, including an approximately 50-acre property located in the Burwood area of Melbourne, an approximately 3-acre site located in the Moonee Ponds area of Melbourne, a 2-acre site in the Auburn area of Sydney, and a 1-acre site in downtown Wellington, New Zealand.

The information about our company included in this Website is necessarily summary in nature, and is qualified by reference to more detailed information about the Company set out in our filings with the Securities and Exchange Commission.

The information included in this website was last updated on September 15, 2006 and any such information not specifically tied to a particular date only reflects the facts as known to us on that date. Facts may have changed since the last update, and you need to understand that by creating and maintaining this website, we have not undertaken to continuously update the information contained herein.