PRESS RELEASE

LEAWOOD, Kan. & NEW YORK–(BUSINESS WIRE)– AMC Theatres® (NYSE:AMC) (“AMC”) and Seritage Growth Properties (NYSE:SRG) today announced that AMC’s newest theatre in Austin, Texas, will be AMC Tech Ridge 10, which is scheduled to begin construction later this year and is anticipated to open in 2019.

The 45,000-square-foot, 10-screen movie theatre is expected to feature more than 1,000 AMC Signature Recliners, a MacGuffins adult beverage concept, AMC’s expanded food and beverage offerings, and the latest in sight and sound technology.

“Through AMC’s greater comfort and convenience like our AMC Signature Recliners and reserved seating, enhanced food and drinks, and the best in sight and sound presentation, we’re excited to deliver an amazing movie-going experience to our guests as the entertainment anchor at Tech Ridge,” said Mark McDonald, executive vice president, Development, AMC.

“We are pleased to expand our relationship with AMC and bring a state-of-the-art theatre to our Tech Ridge property,” said Benjamin Schall, President and CEO of Seritage. “We look forward to delivering a multi-tenant retail destination that provides customers with great shopping and first-rate entertainment and creates enduring value for our shareholders.”