AMC Entertainment Announces Pricing of Nine Million Share Common Stock Offering.

Business Editors

KANSAS CITY, Mo.--(BUSINESS WIRE)--March 13, 2002

AMC Entertainment Inc. (the "Company") (AMEX: AEN) today announced that it has completed a public offering of 9,000,000 shares of the Company's common stock, priced at $10.50 per share.

The offering is expected to close on March 18, 2001, and all shares are being sold by the Company. A copy of the prospectus relating to the offering may be obtained from the following managing underwriters: Salomon Smith Barney, Goldman, Sachs & Co., Banc of America Securities LLC, Bear, Stearns & Co. Inc, Credit Suisse First Boston, Lehman Brothers, and UBS Warburg. The Company also has granted the underwriters a 30-day option to purchase an additional 1,350,000 shares of common stock to cover over-allotments.

The proceeds of the offering will be used by the Company to pursue its current business strategy, including acquisitions of other theatres and theatre circuits, including its proposed acquisition of GC Companies, Inc., and for general corporate purposes. Pending utilization, net proceeds will be used to purchase short-term investments.

The shares of common stock will be issued pursuant to a Registration Statement that has been declared effective by the Securities and Exchange Commission. The shares are only offered by means of the prospectus included in the Registration Statement related to this offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful.

AMC Entertainment Inc. is a leader in the theatrical exhibition industry. Through its circuit of AMC Theatres, the Company operates 177 theatres with 2,839 screens in the United States, Canada, France, Hong Kong, Japan, Portugal, Spain, Sweden and the United Kingdom. Its Common Stock trades on the American Stock Exchange under the symbol AEN.