NEW YORK - IMAX Corporation announced that it closed the sale of an additional 882,353 of its common shares at the public offering price of $8.50 per share pursuant to the over-allotment option exercised in full by the underwriter of its recently completed public offering. The exercise of the over-allotment option brings the total number of common shares sold by IMAX in the offering to 6,764,706. Including proceeds from the exercise of the over-allotment option, gross proceeds for the offering were approximately $57.5 million.

IMAX intends to use the net proceeds from the offering for the repayment of debt, including a portion of its 9 5/8% Senior Notes due December 2010. IMAX intends to refinance the remainder of its existing indebtedness through cash flow from operations and future debt financings.

Roth Capital Partners, LLC acted as the underwriter for the offering.

The common stock was offered pursuant to an effective registration statement filed with the Securities and Exchange Commission. Offers and sales of the common stock will be made only by the related prospectus and prospectus supplement. Copies of the prospectus and prospectus supplement relating to this offering may be obtained from Roth Capital Partners by e-mail to rothecm@roth.com, by fax to (949) 720-7227 or by mail to 24 Corporate Plaza Drive, Newport Beach, CA, 92660, Attention: Equity Capital Markets.