TITAN XC Opens at Reading Cinemas Grossmont

New “Titan Extreme Cinema” provides Reading Cinemas Grossmont Center
moviegoers with an improved and immersive theater experience paired with
the most affordable prices

SAN DIEGO–(BUSINESS WIRE)–Reading Cinemas, a cinema brand of Reading International, Inc.
(NASDAQ:RDI), announced today that it would take its San Diego
moviegoers to the next level with the introduction of the company’s
big-screen experience, TITAN Extreme Cinema (“TITAN XC”) with Dolby
Atmos, which will celebrate its grand opening at the Reading Cinemas
Grossmont on Friday, May 5, 2017. Coinciding with the release of Guardians
of the Galaxy Vol. 2 in 3D, TITAN XC guests will be treated to a
gigantic movie screen, pristine digital projection by Barco, Dolby
Digital 3D, immersive Dolby Atmos sound, and convenient reserved seating.

“With the continued progression of digital cinema technology, Reading
Cinemas is thrilled to provide San Diego with one of the very best
movie-going experiences available anywhere,” said Terri Moore, Reading
International’s vice president of operations. “With the new TITAN XC
experience, the visuals are so enlivening and sound so exhilarating that
our guests will experience the movie from head to toe.”

One of the theater’s largest auditoriums was redesigned to create a
superior atmosphere. Reading Cinemas’ TITAN XC with Dolby Atmos will
feature:

Gigantic Screen: Stretching more than 55
feet wide and 31 feet tall, the premium auditorium features one of the
largest commercial movie screens in San Diego.

Pristine Digital Projection: All movies
shown in TITAN XC will be presented with striking, vivid Barco digital
projectors, the leader in digital cinema technology. Additionally, 3D
blockbusters will be showcased using Dolby 3D’s unique full-spectrum
color technology for the clearest digital 3D experience.

Immersive Sound: TITAN XC will also feature
Dolby’s latest cinema innovation, Dolby Atmos, a groundbreaking
multi-channel audio format where sound flows all around to completely
immerse moviegoers in the action. Fifty-one individually articulated
audio channels placed throughout the auditorium create a powerfully
moving cinema experience. Dolby Atmos sound is offered on select movies,
where available; all other movies featured in TITAN XC will be offered
in Dolby Surround 7.1.

Best Big Screen Value in San Diego: Tickets
for the premium TITAN XC experience are only $10, all day, every day,
for guests of all ages.

Reserved Seating: For ultimate convenience,
Reading Cinemas moviegoers will also be able to utilize a new reserved
seating amenity to ensure that getting a seat in TITAN XC will be
hassle-free. TITAN XC guests can reserve their seats online in advance
by visiting ReadingCinemasUS.com.

Reading Cinemas Grossmont is located at 5500 Grossmont Center Drive,
directly off the 8 and 125 freeways. For more information and a map of
directions, please visit www.GrossmontCenter.com.
For additional information about the Reading Cinemas Grossmont, follow
us on Facebook @Grossmont10, on Twitter @ReadingCinemas and on Instagram
@ReadingCinemas_.

About Reading International, Inc.

Reading International (http://www.readingrdi.com)
is in the business of owning and operating cinemas and developing,
owning, and operating real estate assets. Our business consists
primarily of:

• the development, ownership, and operation of multiplex cinemas in the
  United States, Australia and New Zealand; and
• the development, ownership, and operation of retail and commercial
  real estate in Australia, New Zealand, and the United States,
  including entertainment themed centers in Australia and New Zealand
  and live theater assets in Manhattan and Chicago in the United States.

Reading manages its worldwide business under various brands:

• in the United States, under the
  • Angelika Film Center brand (http://www.angelikafilmcenter.com);
  • Consolidated Theatres brand (http://www.consolidatedtheatres.com);
  • City Cinemas brand (http://www.citycinemas.com);
  • Reading Cinema brand (http://www.readingcinemasus.com);
  • Liberty Theatres brand (http://libertytheatresusa.com);
    and
  • 44 Union Square (http://44unionsquare.com).
  • Reading Cinema brand (http://www.readingcinemas.com.au);
  • Auburn Redyard brand (http://www.auburnredyard.com.au);
  • Cannon Park brand (http://www.cannonparktownsville.com.au);
    and
  • Newmarket Village brand (http://newmarket-village.com.au).
  • Reading Cinema brand (http://www.readingcinemas.co.nz);
    and
  • Courtenay Central brand (http://www.courtenaycentral.co.nz).

  Cautionary Statement

  This press release contains forward-looking statements within the
  meaning of Section 27A of the Securities Act of 1933 and Section 21E of
  the Securities Exchange Act of 1934 (the “Exchange Act”).

  For a detailed discussion of these and other risk factors, please refer
  to Reading International’s Annual Report on Form 10-K for the year ended
  December 31, 2015 and other filings Reading International makes from
  time to time with the Securities and Exchange Commission (the “SEC”),
  which are available on the SEC’s Web site (http://www.sec.gov).

  Investors are cautioned not to place undue reliance on our
  forward-looking statements, which speak only as of the date such
  statements are made. Reading International does not undertake any
  obligation to publicly update any forward-looking statements to reflect
  events, circumstances or new information after the date of this press
  release, or to reflect the occurrence of unanticipated events.

  Contacts

  Reading International, Inc.
  For media information contact:
  Jo
  Ellen Brantferger
  214-435-1936
  job@readingrdi.com
  or
  For
  investor information contact:
  Dev Ghose, Executive Vice
  President & Chief Financial Officer
  Andrzej Matyczynski,
  Executive Vice President for Global Operations
  213-235-2240