Cinram International Income Fund announced that its first and second lien senior lenders have once again agreed to extend their waiver of certain financial covenants.

For more information visit: www.cinram.com

Unedited press release follows:

Cinram Lenders Extend Waiver

TORONTO, May 31, 2012 – Cinram International Income Fund (TSX: CRW.UN) (the “Fund”) announced today that its first and second lien senior lenders have agreed to extend their waiver of certain financial covenants, consistent with previously granted and disclosed waivers. These waivers have been extended to June 30, 2012 but can be terminated under certain circumstances by the lenders on or after June 10, 2012.

About Cinram
Cinram International Inc., an indirect, wholly-owned subsidiary of the Fund, is one of the world’s largest provider of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram International Inc. manufactures and distributes pre-recorded DVDs, audio CDs, and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. The Fund’s units are listed on the Toronto Stock Exchange under the symbol CRW.UN. For more information, visit our website at www.cinram.com.