Alliance Atlantis statement regarding EdgeStone Capital Partners' agreement to acquire Movie Distribution Income Fund's 49% interest in Motion Picture Distribution LP

Alliance Atlantis statement regarding EdgeStone Capital Partners' agreement to acquire Movie Distribution Income Fund's 49% interest in Motion Picture Distribution LP

www.allianceatlantis.com TSX: AAC.A, AAC.B

TORONTO, June 26 /PRNewswire-FirstCall/ -- "We are pleased by the announcement made today by EdgeStone and the Trustees of Movie Distribution Income Fund," said David Lazzarato, Executive VP and Chief Financial Officer of Alliance Atlantis. "The Trustees have also announced their consent for the transfer of the 51% of Motion Picture Distribution LP owned by Alliance Atlantis Communications Inc. and will be abandoning their court claim filed on April 5, 2007. With these issues now resolved, we look forward to the fairness hearing in connection with the Plan of Arrangement of Alliance Atlantis scheduled for June 28, 2007. We expect the Arrangement to be completed in early August 2007."

About Alliance Atlantis

Alliance Atlantis offers Canadians 13 well-branded specialty channels boasting targeted, high-quality programming. Alliance Atlantis 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 motion picture distribution operations in the United Kingdom and Spain. Alliance Atlantis' shares are listed on the Toronto Stock Exchange-trading symbols AAC.A and AAC.B. Alliance Atlantis' website is www.allianceatlantis.com.

Forward-Looking Statements

This press release includes forward-looking statements which reflect Alliance Atlantis' current expectations. Forward-looking statements are those which are not historical fact and include in this new release statements relating to Trustee consent, withdrawal of the Trustees' claim, the date of the fairness hearing and the expected completion date of the Arrangement. The reader should not place undue reliance on such forward-looking statements. They involve known and unknown risks, uncertainties and other factors that may cause them to differ materially from anticipated future results or expectations expressed or implied by such forward-looking statements. Certain risks, uncertainties and other factors are described in materials filed by Alliance Atlantis with the security regulatory authorities in Canada from time to time, which are available at www.sedar.com. Alliance Atlantis 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; Jennifer Bell, Vice
President, Corporate & Public Affairs, Alliance Atlantis Communications Inc.,
Tel: (416) 934-7854, Email: jennifer.bell@allianceatlantis.com

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