1 September 2017

Everyman Media Group PLC

("Everyman" or the "Group")

Interim Results (unaudited) for the six-month period ended 29 June 2017

Highlights

·      Revenue for the period up 55% to £18.8m (H1 2016: £12.1m)

·      Adjusted EBITDA up 123% to £3.0m (H1 2016: £1.3m)

·      One new venue added in the period, expanding the current estate to 21 venues

·      Committed to a further 9 new venues plus the permanent venue at Kings Cross, and a strong pipeline established for future years, including a new venue in Glasgow to be opened in 2018

·      Trading since the period end has continued in line with expectations

Chairman's Statement

I am pleased to report on the Group's results for first 6 months ended 29 June 2017. Revenue for the half year ended 29 June 2017 was up 55% on the comparative six-month period to £18,830,000 (30 June 2016: £12,128,000, full year to 29 December 2016: £29,554,000).

The first six months to 29 June 2017 saw us open a new venue in Stratford-Upon-Avon. In addition, the Group exchanged contracts on five further sites at York, Liverpool, Newcastle, Glasgow and Borough Market (London) in the period. The temporary one-screen venue at Kings Cross will continue to trade after the opening of the main venue later in 2017.

The Group now operates 21 venues and 58 screens.

Since the period-end, trading has been in line with expectations, continuing a reasonable overall summer in the cinema market

Review of the business

For the 26 weeks ended 29 June 2017, the Group's box office revenue was up 51.9% on the previous period, reflecting favourably compared to a market movement of 10.3%. This resulted in the Group's market share increasing to 1.98% for the period (30 June 2016: 1.46%, 29 December 2016: 1.64%) (Source: Comscore).

With 21 venues and 58 screens now spread increasingly across the country, the Everyman experience continues to be successful in a wide range of towns and cities and remains a trusted and highly regarded brand in the cinema and leisure industry.

Everyman differentiates by focusing on delivering a high-quality offer, through its venues, content, staff and F&B. The Board's long held belief in this model as being the bedrock for significant growth within the UK has been further strengthened in the last six months and our ambitions continue to grow.

With a further 9 committed venues plus the permanent venue at Kings Cross, and a strong pipeline for future years, the Board is committed to further growth of our footprint across the UK.

Openings

During the period, the Group opened a new four-screen venue in Stratford-Upon-Avon in June.

The Group exchanged contracts on five further sites at York, Liverpool, Newcastle, Glasgow and Borough Market (London) since the beginning of 2017. These are in addition to the pre-existing contracts for Kings Cross, Horsham, Durham, Wokingham and Edinburgh.

The temporary one-screen venue at Kings Cross will continue to trade after the opening of the main venue later in 2017. It is delivering excellent Everyman brand- awareness in the area as well as serving (and gaining great affection from) the early residents, both private and corporate, in the developer's transformative Kings Cross Central development.

Financial Overview

As previously stated, revenue for the half year ended 29 June 2017 was up 55% on the comparative six-month period to £18,830,000 (30 June 2016: £12,128,000, full year to 29 December 2016: £29,554,000).

The Group's adjusted operating profit before depreciation, amortisation, pre-opening expenses, exceptional items and share-based payments was £3,010,000 (30 June 2016: £1,348,000, full year to 29 December 2016: £3,954,000). The Group generated a profit for the period of £438,000 (30 June 2016: loss of £670,000, full year to 29 December 2016: profit of £61,000).

The effective tax rate is higher than the standard rate of corporation tax for the six-month period ended 29 June 2017 due to the effect of significant continuing capital expenditure incurred by the Group.

The share-based payment expense for the period was £144,000 (30 June 2016: £104,000, full year to 29 December 2016: £293,000) reflecting share option incentives provided to the Group's senior management and employees.

Cash Flows

Net cash generated from operating activities was £3,759,000 (30 June 2016: £1,940,000 used in operating activities, full year to 29 December 2016: £5,515,000 generated). Net cash outflows for the year, before financing, were £2,180,000 (30 June 2016: £7,443,000, full year to 29 December 2016: £10,393,000). This is largely represented by capital expenditure on the expansion of the business through build costs and refurbishment of sites.

Cash held at the end of the period was £1,221,000 (30 June 2016: £1,692,000, 29 December 2016: £1,566,000). The cash held will be invested in the continuing

development and expansion of the Group's business.

During the period the Group entered into a new debt facility with Barclays Bank PLC to replace the existing £8m facility. The new facility is a £20m four-year revolving loan facility. The facility provides an additional finance stream, in addition to the Group's existing cash resources, to allow continued expansion of the Group's cinema estate. A total £5m drawdown had taken place as at 29 June 2017.

The Board does not recommend the payment of a dividend at this stage of the Group's development.

Current Trading

Trading since the period end has been in line with expectations, continuing a reasonable overall summer in the cinema market.

Paul Wise

Chairman

1 September 2017

Consolidated statement of comprehensive income for the six-month period ended 29 June 2017 (unaudited)

Consolidated statement of financial position at 29 June 2017 (unaudited)

Consolidated statement of changes in equity for the six-month period ended 29 June 2017 (unaudited)

Consolidated statement of cash flows for the six-month period ended 29 June 2017 (unaudited)

Notes to the interim financial statements

1       General Information

Everyman Media Group PLC and its subsidiaries (together, 'the Group') are engaged in the ownership and management of cinemas in the United Kingdom. Everyman Media Group PLC (the Company) is a public company limited by shares domiciled and incorporated in England and Wales (registered number 08684079). The address of its registered office is Studio 4, 2 Downshire Hill, London NW3 1NR.

2       Basis of preparation

These condensed interim financial statements of the Group for the period ended 29 June 2017 (the Period) have been prepared using accounting policies consistent with International Financial Reporting Standards (IFRSs) as adopted by the European Union. The same accounting policies, presentation and methods of computation are followed in the condensed set of financial statements as applied in the Group's latest audited financial statements for the year ended 29 December 2016. Amendments made to IFRSs since 29 June 2017 have not had a material effect on the Group's results or financial position for the period.

The financial statements presented in this report have been prepared in accordance with IFRSs applicable to interim periods. However, as permitted, this interim report has been prepared in accordance with the AIM Rules for Companies and does not seek to comply with IAS34 "Interim Financial Reporting".

These condensed interim financial statements have not been audited, do not include all of the information required for full annual financial statements and should be read in conjunction with the Group's statutory consolidated annual financial statements for the year ended 29 December 2016. The auditors' opinion on these Statutory Accounts was unqualified, did not draw attention to any matters by way of emphasis and did not contain a statement under s498(2) or s498(3) of the Companies Act 2006.

3       Revenue

4       Income Tax

The reasons for the difference between the actual tax charge for the period and the standard rate of corporation tax in the United Kingdom applied to the profit/(loss) for the period are as follows:

Reductions in the UK corporation tax rate from 23% to 21% (effective from 1 April 2014) and 20% (effective from 1 April 2015) were substantively enacted on 2 July 2013. Further reductions to 19% (effective from 1 April 2017) and to 18% (effective 1 April 2020) were substantively enacted on 26 October 2015. An additional reduction to 17% (effective from 1 April 2020) was announced in the Budget on 16 March 2016. Accordingly, the Group's profits for this accounting period are subject to tax at a rate of 19% (2016: 20%).

5       Earnings/(loss) per share

Basic earnings/(loss) per share amounts are calculated by dividing net profit/(loss) for the year attributable to Ordinary equity holders of the parent by the weighted average number of Ordinary shares outstanding during the year.

Where the Group has incurred a loss in a year, the diluted earnings per share is the same as the basic earnings per share as the loss has an anti-dilutive effect. The dilutive loss per share for the period ended 30 June 2016 is therefore the same as the basic loss per share for the year and the diluted weighted average of shares is the same as the basic weighted average number of shares. The actual diluted weighted average number of shares for the year ended 30 June 2016 before disregarding due to anti-dilutive effect was 59,886,000.

The Company has 4,094,000 potentially issuable shares (2016: 4,846,000, plus 130,000 granted immediately after the year-end), all of which relate to the potential dilution from both the Group's 'A' shares and share options issued to the Directors and certain employees and contractors, under the Group's incentive arrangements