Carmike Cinemas Announces Public Offering of 4.5 Million Shares of Common Stock

Carmike Cinemas, Inc.

today announced it has commenced an underwritten public offering of 4,500,000 shares of its common stock. In addition, Carmike expects to grant the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock, on the same terms and conditions, to cover over-allotments, if any. Carmike plans to use the net proceeds from this offering for potential acquisitions, working capital, capital expenditures or other general corporate purposes. Macquarie Capital is acting as the sole bookrunning manager for the offering. B. Riley & Co., Wedbush Securities, Barrington Research, Maxim Group LLC and Ascendiant Capital Markets, LLC are acting as co-managers. The offering is being made pursuant to Carmike's effective shelf registration statement (File No. 333-167383) previously filed with the Securities and Exchange Commission (“SEC”). This press release is neither an offer to sell nor a solicitation of an offer to buy any securities. Any offer will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective shelf registration statement. Any such prospectus shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Copies of the preliminary prospectus supplement, when available, and related prospectus can be obtained at the SEC's website, www.sec.gov, or from Macquarie Capital (USA) Inc., Attn: Prospectus Department, 125 West 55th St, 22nd Floor, New York, NY 10019, or by calling +1.888.268.3937, or by e-mailing us.prospectus@macquarie.com. About Carmike Cinemas (www.carmike.com) Carmike Cinemas, Inc. is a U.S. leader in digital cinema, 3-D cinema deployments and one of the nation's largest motion picture exhibitors. 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, including 227 locations with 940 screens also equipped for 3-D. The circuit includes 19 “Big D” large format digital experience auditoriums, featuring state-of-the-art equipment and luxurious amenities, as well as 7 IMAX® auditoriums. As “America's Hometown Theatre Chain,” Carmike's primary focus is small to mid-sized community locations.