Cinram International Income Fund announced that its Cinram Optical Discs SAS subsidiary in France has filed for insolvency.

For more information visit: www.cinram.com

Unedited press release follows:

Cinram Announces Restructuring of French Replication

TORONTO, May 29, 2012 – Cinram International Income Fund (“Cinram” or the “Fund”) (TSX: CRW.UN), announced today that Cinram Optical Discs SAS, a French subsidiary engaged in DVD replication, has filed for insolvency. The application is scheduled to be heard on May 31, 2012.

The DVD manufacturing operation has been impacted by a steady decline in volumes in recent years.

The insolvency proceedings will not impact Cinram’s distribution operations in France nor its operations in other regions.

About Cinram
Cinram International Inc., an indirect, wholly-owned subsidiary of the Fund, is one of the world’s largest providers of multimedia products and related logistics services. With facilities in North America and Europe, Cinram International Inc. manufactures and distributes pre-recorded DVDs, Blu-ray Discs, audio CDs, CD-ROMs and digital content for motion picture studios, music labels, publishers and computer software companies around the world. Cinram also provides distribution and logistics services to the telecommunications industry in North America through its wireless subsidiaries. The Cinram group of companies now also incorporates 1K Studios, a digital media firm based in Los Angeles specializing in building enhanced consumer experiences for movies, TV shows, music, books and games. The Fund’s units are listed on the Toronto Stock Exchange under the symbol CRW.UN. For more information, visit www.cinram.com.