Alliance Atlantis applies to terminate SEC registration

Alliance Atlantis applies to terminate SEC registration

TSX: AAC.A, AAC.B

TORONTO, Sept. 26 /PRNewswire-FirstCall/ -- Alliance Atlantis Communications Inc. (the "Company") today announced that it has filed with the U.S. Securities and Exchange Commission ("SEC") to terminate the registration of its Class B Non-Voting shares under the Securities Exchange Act of 1934. The Company expects its de-registration in the United States to be effective 90 days from now. At that time, the Company would no longer be subject to the Sarbanes-Oxley Act of 2002.

As a result of the filing, the Company's obligation to file reports with the SEC has been suspended, effective immediately. The Company will continue to be subject to the reporting requirements of the Canadian securities regulatory authorities as well as the Toronto Stock Exchange.

"Given the ongoing administrative costs we determined that registration in the United States was no longer cost effective for our business," said David Lazzarato, Executive Vice President and Chief Financial Officer.

About Alliance Atlantis Communications

Alliance Atlantis offers Canadians 13 well-branded specialty channels boasting targeted, high-quality programming. The Company also co-produces and distributes the hit CSI franchise and indirectly holds a 51% limited partnership interest in Motion Picture Distribution LP, a leading distributor of motion pictures in Canada, with a presence in motion picture distribution in the United Kingdom and Spain. The Company's common shares are listed on the Toronto Stock Exchange - trading symbols AAC.A and AAC.B. The Company's website is www.allianceatlantis.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Canadian and U.S. securities laws. The reader should not place undue reliance on them. They involve known and unknown risks, uncertainties and other factors that may cause them to differ materially from the anticipated future results or expectations expressed or implied by such forward-looking statements. One such factor is the possibility that the SEC could determine that the Company was not eligible to de-register. If that were to occur, the Company's obligation to file reports with the SEC would resume retroactively to today's date and the Company would continue to be subject to the Sarbanes-Oxley Act of 2002. The Company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.

Source: Alliance Atlantis Communications Inc.

CONTACT: Andrew Akman, Senior Vice President, Finance - Corporate
Development & Investor Relations, Alliance Atlantis Communications Inc., Tel:
(416) 966-7701, Email: andrew.akman@allianceatlantis.com; Nicola McIsaac,
Manager, Corporate Communications, Alliance Atlantis Communications Inc., Tel:
(416) 969-4405, Email: nicola.mcisaac@allianceatlantis.com

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