LANDMARK THEATRES ACQUIRES THE HI-POINTE, THE OLDEST MOVIE THEATRE IN ST. LOUIS

Los Angeles, CA April 12, 2002 -Landmark Theatres announced today it has
acquired the Hi-Pointe Theatre, St. Louis' oldest continuously operating
cinema.  In addition to the Hi-Pointe, Landmark owns two more theatres in
the St. Louis area - the six-screen Plaza Frontenac Cinema and the
three-screen Tivoli Theatre.  The Hi-Point is a single-screen theatre with
480 seats and has been under the ownership of George and Georgia James since
1979.

"Landmark has enjoyed a long-standing relationship with George and Georgia,
two of the most respected specialized exhibitors in the independent film
community.  It is now our privilege to continue their tradition of
showcasing the finest in American independent, foreign language and restored
classic films in a beloved local movie palace," said Paul Richardson,
Landmark's president and CEO.

Built in 1922, the Hi-Pointe is located in St. Louis on the corner of
McCausland and Skinker.  Unlike many of the other single-screen cinemas in
the area that were originally built as vaudeville theatres, the Hi-Pointe
was always intended to show film.  Over the past 80 years, the theatre has
been through many renovations.  The classic turquoise seats, a favorite of
the theatre's patrons, were added in 1963.  Over the past two years, Dolby
Digital Sound, new carpeting and a new speaker system were installed.

Landmark Theatres recently opened several noteworthy art house cinemas
including the revitalized turn-of-the-century Sunshine Cinema in Manhattan
and the Regent Theatre in Westwood Village, Los Angeles.  Landmark will open
the new 8-plex Bethesda Row Cinema in Bethesda, Maryland on May 3.

The Hi-Pointe brings the total number of Landmark theatres to 55,
representing 179 screens in 13 states across the U.S. furthering the company's mission to provide audiences with ongoing access to independent art
cinema.

Headquartered in Los Angeles, California, Landmark was founded in 1974 with
the 1930s Art Deco Nuart Theatre located in West Los Angeles.

Currently on screen at the Hi-Pointe Theatre is director Mira Nair's Monsoon
Wedding.  For a complete list of show times, call the Hi-Pointe Theatre at
314-781-0800 or visit  www.landmarktheatres.com.