Carmike Cinemas Announces Full Exercise of Over-Allotment Option in Common Stock Offering

Carmike Cinemas, Inc.

today announced the full exercise of the over-allotment option granted to the underwriters to purchase an additional 675,000 shares of Carmike's common stock, at a price to the public of $18.00 per share, in connection with Carmike's previously announced underwritten public offering, bringing the net proceeds from the offering to approximately $88.1 million, after deducting underwriting discounts and estimated offering expenses. The closing of the over-allotment option occurred today, August 16, 2013. Carmike plans to use the net proceeds from this offering for potential acquisitions, working capital, capital expenditures or other general corporate purposes. Macquarie Capital acted as the sole bookrunning manager for the offering. B. Riley & Co., Wedbush Securities, Barrington Research, Maxim Group LLC and Ascendiant Capital Markets, LLC acted as co-managers. The offering was 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. Copies of the final prospectus supplement 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.