Panavision, Inc.
Ticker: PVI 6219 De Soto Avenue
Exchange: New York Stock Exchange Woodland Hills, California 91367
Industry: Wholesale (818) 316-1000

Type of Shares:Common Shares Filing Date:8/18/96
U.S. Shares:2,800,000 Offer Date:11/20/96
Non-U.S. Shares:700,000 Filing Price: -
Primary Shares:3,500,000 Offer Price:$17.00
Secondary Shares:0 Gross Spread:$1.19
Offering Amount: Selling:$0.65
Expenses: - Reallowance:$0.10
Shares Out After: -

ManagerTierPhone
Goldman, Sachs & Co.Lead Manager (212) 902-1172
Cowen & CompanyCo-manager (212) 495-6000
Schroder Wertheim & Company, IncorporatedCo-manager (212) 492-6900

Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
12/31/95 6/30/96 6/30/95 6/30/96
Revenue:$115.08$59.66$54.11Assets:$154.87
Net Income:$10.38$5.32$3.46Liabilities:$137.43
EPS:Equity:$17.44

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
Panavision, Inc. is a leading designer and manufacturer of high-precision film camera systems, comprising cameras, lenses and accessories for the motion picture and television industries. The company's camera systems are not available for sale and are rented exclusively through its domestic and international owned and operated facilities and agent network. Panavision-Registered Trademark- is recognized in the motion picture and television industries as the preeminent brand name for cinematography equipment. Since the company was founded, Panavision has received two Oscars and 17 Awards for Scientific and Technical Achievement from the Academy of Motion Picture Arts and Sciences. Since 1990, two-thirds of the Academy of Motion Picture Arts and Sciences. Since 1990, two-thirds of the Academy Award nominees for Best Cinematography, and five of the six cinematographers who have won the Oscar for Best Cinematography, used Panavision camera systems.

Use of Proceeds
The proceeds from the proposed offering will be used for the repayment of outstanding indebtedness and for working capital and general corporate purposes.

Last updated: 12/8/96

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