CINAR Corporation Answers Chapman Capital LLC and Others.

Business Editors

MONTREAL--(BUSINESS WIRE)--December 10, 2001

CINAR Corporation replied today to the letter of Chapman Capital LLC and others requesting that a special meeting of shareholders be called for the purpose of removing from office all of the present directors of the Company, and other matters.

The Company has determined that the request does not satisfy the requirements of Section 143(1) of the Canada Business Corporations Act since its signatories were not registered holders of any shares of the Company at the time of the request. Therefore CINAR is under no obligation to act upon the request.

The Company has announced that an annual shareholder's meeting will be held on April 29, 2002. The shareholders will then have the opportunity, with the benefit of audited statements, to discuss and vote upon those matters which properly come before the meeting, including the election of directors.

CINAR Corporation is an integrated entertainment and education company involved in the development, production, post-production and worldwide distribution of non-violent, quality programming and educational products for children and families. CINAR's web site is www.cinar.com.

This release may include information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 (U.S.). Forward-looking statements are identified by words such as "believe", "anticipate", "expect", "intend", "plan", "will", "may" and other similar expressions. Actual results or conditions may differ from those anticipated by these and other forward-looking statements. Such forward-looking statements are subject to a number of known or unknown risks and uncertainties.