B. Riley & Co. Acted as Co-Manager in $81 Million Underwritten Public Offering for Carmike Cinemas

LOS ANGELES, Aug. 7, 2013

(Logo:  http://photos.prnewswire.com/prnh/20130510/LA11405LOGO)

The public offering was announced on July 22, 2013 and consisted of 4,500,000 shares of common stock.  The offering was marketed over a four-day period and priced at $18.00 per share after the market close on July 25, 2013.

Carmike also has granted the underwriters a 30-day option to purchase up to 675,000 additional shares of common stock, on the same terms and conditions, to cover over-allotments, if any.

B. Riley's Chairman, Bryant Riley, and Managing Director, Brad Nii, led the banking team for this transaction.

"B. Riley has played a key role in our capital raising efforts.  Their in-depth knowledge and research coverage of the entertainment sector as well as their deep relationships with institutional investors contributed significantly to the success of our offering," said David Passman, Carmike's Chief Executive Officer and Director.  

Columbus, GA-based Carmike Cinemas, Inc. operates digital cinema and 3D cinema theaters.  As of June 30, 2013, the Company had 245 theatres with 2,476 screens in 35 states, with a digital footprint of 2,373 screens.  Of those locations, 227 theaters with 940 screens are equipped for 3-D capability, including 19 "Big D" large format and 7 IMAX® auditoriums. Carmike's focus for its theater locations is small to mid-sized communities.