X0306 4 2020-03-19 0 0001377630 National CineMedia, Inc. NCMI 0001409888 Standard General L.P. 767 FIFTH AVENUE 12TH FLOOR NEW YORK NY 10153 0 0 1 0 0001418202 Kim Soohyung 767 FIFTH AVENUE 12TH FLOOR NEW YORK NY 10153 1 1 1 0 See Footnote 3 Common Stock, par value $0.01 ("Common Stock") 2020-03-19 4 P 0 599246 2.4571 A 16372636 I See Footnote Common Stock 2020-03-20 4 P 0 467401 2.8090 A 16840037 I See Footnote Common Stock 2020-03-23 4 P 0 236564 2.7752 A 17076601 I See Footnote Represents the weighted average purchase price of shares purchased in a series of open market transactions on the transaction date at prices ranging from $2.2887 to $2.9976 per share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price. Represents the weighted average purchase price of shares purchased in a series of open market transactions on the transaction date at prices ranging from $2.6957 to $2.8426 per share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price. Represents the weighted average purchase price of shares purchased in a series of open market transactions on the transaction date at prices ranging from $2.7669 to $2.7887 per share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price. The securities reported herein are beneficially owned by Standard General L.P. ("Standard General"). Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. The Reporting Persons no longer report beneficial ownership of shares owned by a wholly-owned subsidiary of Standard Diversified Inc. ("SDI") as they no longer have direct or indirect voting or investment control with respect to such shares. /s/ Standard General L.P. by Joseph Mause, Chief Financial Officer 2020-03-23 /s/ Soohyung Kim 2020-03-23