Divestment of Class B Shares of Lions Gate Entertainment Corp.

ATLANTA, Oct. 10, 2024 (GLOBE NEWSWIRE) — Shapiro Capital Management LLC (“Shapiro“) announces that:

As of October 9, 2024, Shapiro has control of, but does not own, 15,270,433 Class B Shares of the Issuer, representing approximately 9.77% of the issued and outstanding Class B Shares of the Issuer.

Shapiro disposed of the Class B shares through the New York Stock Exchange for investment purposes in the normal course of its business and not for the purpose of influencing the control or direction of the issuer. Shapiro may make additional investments in or dispose of the issuer’s securities for hedging and other investment purposes in the future, subject to market conditions.

This press release is issued by Shapiro in accordance with the requirements of National Instrument 62-103 The early warning system and associated takeover offers and insider reporting issues. For further details regarding the dispositions of the Class B Shares described above, as well as a copy of the early warning report filed under applicable Canadian securities laws in connection with the acquisitions, please see the issuer’s profile on SEDAR+ at www.sedarplus.ca or to request a copy of this information Early Warning Report filed in connection with this press release may be obtained from Louis Shapiro.

Shapiro Capital Management LLC

3060 Peachtree Rd NW

Suite 1555

Atlanta GA 30305

USA

Press Contact

Louis Shapiro, Shapiro Capital Management LLC, telephone (404) 842-9600, [email protected]