FUNDS MANAGED BY LIBERTY STRATEGIC CAPITAL ACQUIRE ADDITIONAL CLASS A VOTING SHARES OF LIONS GATE ENTERTAINMENT CORP.

WASHINGTON, Aug. 12, 2024 /CNW/ - Liberty 77 Capital L.P. ("Liberty Strategic Capital") announced today that it acquired an aggregate of 1,058,000 Class A voting shares ("Class A Voting Shares") of Lions Gate Entertainment Corp. ("Lions Gate") in its capacity as portfolio manager for Liberty 77 Fund L.P. and Liberty 77 Fund International L.P. ("Liberty 77 Fund International" and, together with Liberty 77 Fund L.P., the "Liberty Funds").

Following the acquisition, Liberty Strategic Capital exercises control and direction over an aggregate of 13,255,125 Class A Voting Shares for and on behalf of the Liberty Funds. The 13,255,125 Class A Voting Shares owned by the Liberty Funds represent 15.86% of the issued and outstanding Class A Voting Shares. Of the 1,058,000 Class A Voting Shares over which Liberty Strategic Capital acquired control and direction, 828,798 were acquired on behalf of Liberty 77 Fund International. Following the acquisition, Liberty 77 Fund International beneficially owns 10,381,681 Class A Voting Shares, representing approximately 12.42% of the issued and outstanding Class A Voting Common Shares.

The acquisition of an aggregate of 1,058,000 Class A Voting Shares, representing 1.27% of the issued and outstanding Class A Voting Shares, was made for investment purposes. Liberty Strategic Capital intends to review such investment in Lions Gate on a continuing basis and, depending on Lions Gate's performance and other market conditions, increase or decrease its investment position.

FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY LIBERTY 77 CAPITAL L.P. AND LIBERTY 77 FUND INTERNATIONAL L.P. UNDER APPLICABLE SECURITIES LEGISLATION, PLEASE SEE LIONS GATE'S ISSUER PROFILE ON THE SYSTEM FOR ELECTRONIC DOCUMENT ANALYSIS AND RETRIEVAL AT WWW.SEDARPLUS.CA OR CONTACT:

William Barratt
Director of Compliance, Liberty Strategic Capital
Tel: [phone]

SOURCE Liberty 77 Capital L.P.