Summary of REGAL ENTERTAINMENT GROUP

Item 2.02 Results of Operations and Financial Condition.

On July 30, 2009, Regal Entertainment Group ("Regal") announced its financial results for its second fiscal quarter ended July 2, 2009. A copy of the earnings release is furnished to the United States Securities and Exchange Commission (the "Commission") with this current report on Form 8-K as Exhibit 99.1. The earnings release contains certain non-GAAP financial measures for the periods set forth therein, including adjusted EBITDA. Adjusted EBITDA is earnings before interest, taxes, depreciation and amortization expense, net loss on disposal and impairment of operating assets, share-based compensation expense, joint venture employee compensation, noncontrolling interest, net of tax and other, net. The most directly comparable GAAP financial measure to this non-GAAP financial measure is net cash provided by operating activities, which is set forth in the earnings release and below for the relevant periods set forth in the earnings release.

Quarter Ended July 2, 2009 June 26, 2008(1) Net cash provided by operating activities (in millions) $ 148.4 $ 85.3

(1) Effective January 2, 2009, Regal retrospectively adopted the provisions of FASB Staff Position No. APB 14-1, Accounting for Convertible Debt Instruments That May Be Settled in Cash Upon Conversion (Including Partial Cash Settlement)("FSP 14-1"). Our 6¼% Convertible Senior Notes and the 3¾% Convertible Senior Notes are within the scope of FSP 14-1; therefore, we were required to retrospectively record the debt portions of the 6¼% Convertible Senior Notes and the 3¾% Convertible Senior Notes at their fair values as of the respective dates of issuance and amortize the related debt discount into interest expense over the life of each debt instrument during the periods in which the debt instruments are outstanding.

Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the earnings release.

Regal is also furnishing to the Commission as Exhibit 99.2 to this current report on Form 8-K certain other financial information for its last four completed fiscal quarters, including reconciliations to the most directly comparable GAAP financial measures of the non-GAAP financial measures included therein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.                            Exhibit Description
99.1          Earnings release furnished pursuant to Item 2.02
99.2          Reconciliations of Non-GAAP Financial Measures furnished pursuant to
              Item 2.02