Carmike Cinemas Files Registration With The SEC for Offering of Common Shares

COLUMBUS, Ga., Jun 7, 2002 /PRNewswire-FirstCall via COMTEX/ -- Carmike Cinemas, Inc. (Nasdaq: CKEC, quote, news, chart) (the "Company") today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of its common shares, 3,000,000 of which are being offered for sale by the Company and 500,000 of which are being offered for sale by certain stockholders.

The Company intends to use the proceeds to repay a portion of its outstanding debt.

Goldman, Sachs & Co. will act as sole bookrunning manager of the transaction. UBS Warburg LLC will act as co-lead manager.

About Carmike

Carmike Cinemas, Inc. is one of the largest motion picture exhibitors in the United States. The Company currently operates 310 theatres with 2,267 screens located in 35 states and in small- to mid-size non-urban markets.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Prospectuses, when available, may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, Attention: Prospectus Department.

SOURCE Carmike Cinemas, Inc.

CONTACT: Suzanne D. Brown, Investor/Public Relations of Carmike Cinemas, +1-706-576-2737 URL: http://www.carmike.com