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DVD Manufacturer Loses Contract with Warner Home Video

Feb 5 2010

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Cinram International Income Fund (TSX: CRW.UN) announced today that it has received written notice from Warner Home Video Inc. ["WHV"] that WHV has exercised its option to terminate its service agreements on July 31, 2010. The notice covers all Cinram entities globally and will directly impact operations in North America, Mexico, UK, France, Germany and Spain.

WHV revenues for 2009 represented approximately 28% of the total consolidated revenues of Cinram International Inc.

Commented Steve Brown, CEO, "While we are disappointed with the decision by WHV to end our over 6 year relationship as their exclusive service provider of standard DVD products and distribution services, we will nevertheless be working closely with WHV to ensure an orderly transition of the services and ensuring that all affected employees and other stakeholders are given the absolute greatest consideration during this process.

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