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    EXHIBIT
      4.1

    PREFERRED
      SECURITIES CERTIFICATE

     

    THIS
      PREFERRED SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE TRUST
      AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE
      DEPOSITORY TRUST COMPANY ("DTC") OR A NOMINEE OF DTC. THIS PREFERRED SECURITY
      IS
      EXCHANGEABLE FOR PREFERRED SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER
      THAN DTC OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
      TRUST
      AGREEMENT, AND NO TRANSFER OF THIS PREFERRED SECURITY (OTHER THAN A TRANSFER
      OF
      THIS PREFERRED SECURITY AS A WHOLE BY DTC TO A NOMINEE OF DTC OR BY A NOMINEE
      OF
      DTC TO DTC OR ANOTHER NOMINEE OF DTC) MAY BE REGISTERED EXCEPT IN LIMITED
      CIRCUMSTANCES.

     

    UNLESS
      THIS PREFERRED SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      TO
      READING INTERNATIONAL TRUST I OR ITS AGENT FOR REGISTRATION OF TRANSFER,
      EXCHANGE OR PAYMENT, AND ANY PREFERRED SECURITY ISSUED IS REGISTERED IN THE
      NAME
      OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
      REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO
      SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
      ANY
      TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
      IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
      INTEREST HEREIN.

     

    THE
      PREFERRED SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED
      IN A
      TRANSACTION EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED (THE "SECURITIES ACT"), AND SUCH PREFERRED SECURITIES OR ANY INTEREST
      THEREIN MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF
      SUCH
      REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF ANY
      PREFERRED SECURITIES IS HEREBY NOTIFIED THAT THE SELLER OF THE PREFERRED
      SECURITIES MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5
      OF
      THE SECURITIES ACT PROVIDED BY RULE 144A UNDER THE SECURITIES ACT.

     

    THE
      HOLDER OF THE PREFERRED SECURITIES REPRESENTED BY THIS CERTIFICATE AGREES FOR
      THE BENEFIT OF THE TRUST AND THE DEPOSITOR THAT (A) SUCH PREFERRED SECURITIES
      MAY BE OFFERED, RESOLD OR OTHERWISE TRANSFERRED ONLY (I) TO THE TRUST OR THE
      DEPOSITOR OR (II) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS (a) A
      "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A UNDER THE SECURITIES
      ACT AND (b) A “QUALIFIED PURCHASER” (AS DEFINED IN SECTION 2(a)(51) OF THE
      INVESTMENT COMPANY ACT OF 1940, AS AMENDED), OR (III) TO A PERSON WHOM THE
      SELLER REASONABLY BELIEVES IS A “QUALIFIED PURCHASER” (AS DEFINED IN SECTION
      2(a)(51) OF THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED), AND (B) THE HOLDER
      WILL NOTIFY ANY PURCHASER OF ANY PREFERRED SECURITIES FROM IT OF THE RESALE
      RESTRICTIONS REFERRED TO IN (A) ABOVE.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    THE
      PREFERRED SECURITIES WILL BE ISSUED AND MAY BE TRANSFERRED ONLY IN BLOCKS HAVING
      AN AGGREGATE LIQUIDATION AMOUNT OF NOT LESS THAN $100,000. TO THE FULLEST EXTENT
      PERMITTED BY LAW, ANY ATTEMPTED TRANSFER OF PREFERRED SECURITIES, OR ANY
      INTEREST THEREIN, IN A BLOCK HAVING AN AGGREGATE LIQUIDATION AMOUNT OF LESS
      THAN
      $100,000 AND MULTIPLES OF $1,000 IN EXCESS THEREOF SHALL BE DEEMED TO BE VOID
      AND OF NO LEGAL EFFECT WHATSOEVER. TO THE FULLEST EXTENT PERMITTED BY LAW,
      ANY
      SUCH PURPORTED TRANSFEREE SHALL BE DEEMED NOT TO BE THE HOLDER OF SUCH PREFERRED
      SECURITIES FOR ANY PURPOSE, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF
      PRINCIPAL OF OR INTEREST ON SUCH PREFERRED SECURITIES, OR ANY INTEREST THEREIN,
      AND SUCH PURPORTED TRANSFEREE SHALL BE DEEMED TO HAVE NO INTEREST WHATSOEVER
      IN
      SUCH PREFERRED SECURITIES.

     

    THE
      HOLDER OF THIS SECURITY, OR ANY INTEREST THEREIN, BY ITS ACCEPTANCE HEREOF
      OR
      THEREOF ALSO AGREES, REPRESENTS AND WARRANTS THAT IT IS NOT AN EMPLOYEE BENEFIT,
      INDIVIDUAL RETIREMENT ACCOUNT OR OTHER PLAN OR ARRANGEMENT SUBJECT TO TITLE
      I OF
      THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"),
      OR
      SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE")
      (EACH
      A "PLAN”), OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE "PLAN ASSETS" BY REASON
      OF ANY PLAN'S INVESTMENT IN THE ENTITY, AND NO PERSON INVESTING "PLAN ASSETS"
      OF
      ANY PLAN MAY ACQUIRE OR HOLD THIS PREFERRED SECURITY OR ANY INTEREST THEREIN.
      ANY PURCHASER OR HOLDER OF THE PREFERRED SECURITIES OR ANY INTEREST THEREIN
      WILL
      BE DEEMED TO HAVE REPRESENTED BY ITS PURCHASE AND HOLDING THEREOF THAT IT IS
      NOT
      AN EMPLOYEE BENEFIT PLAN WITHIN THE MEANING OF SECTION 3(3) OF ERISA, OR A
      PLAN
      TO WHICH SECTION 4975 OF THE CODE IS APPLICABLE, A TRUSTEE OR OTHER PERSON
      ACTING ON BEHALF OF AN EMPLOYEE BENEFIT PLAN OR PLAN, OR ANY OTHER PERSON OR
      ENTITY USING THE ASSETS OF ANY EMPLOYEE BENEFIT PLAN OR PLAN TO FINANCE SUCH
      PURCHASE.

     

    THIS
      OBLIGATION IS NOT A DEPOSIT AND IS NOT INSURED BY THE UNITED STATES OR ANY
      AGENCY OR FUND OF THE UNITED STATES, INCLUDING THE FEDERAL DEPOSIT INSURANCE
      CORPORATION (THE "FDIC").

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        	
                Certificate
                  Number P-1

              	
                $50,000,000
                  Aggregate Liquidation Amount

              
	 	
                50,000
                  Preferred Securities

              

      

    

     

    CUSIP
      NO.

     

    755411AA3

     

    Certificate
      Evidencing Preferred Securities

     

    READING
      INTERNATIONAL TRUST I

     

    Preferred
      Securities

     

    (liquidation
      amount $1,000 per Preferred Security)

     

    Reading
      International Trust I, a statutory trust created under the laws of the State
      of
      Delaware (the "Trust"),
      hereby certifies that Cede & Co.(the "Holder")
      is the
      registered owner of Fifty Thousand (50,000) Preferred Securities or such other
      number of Preferred Securities represented hereby as may be set forth in the
      records of the Securities Registrar hereinafter referred to in accordance with
      the Trust Agreement (as defined below) of the Trust representing an undivided
      preferred beneficial interest in the assets of the Trust and designated the
      Reading International Trust I Preferred Securities, (liquidation amount $1,000
      per Preferred Security) (the "Preferred
      Securities").
      Subject to the terms of the Trust Agreement (as defined below), the Preferred
      Securities are transferable on the books and records of the Trust, in person
      or
      by a duly authorized attorney, upon surrender of this certificate duly endorsed
      and in proper form for transfer as provided in Section
      5.7
      of the
      Trust Agreement (as defined below). The designations, rights, privileges,
      restrictions, preferences and other terms and provisions of the Preferred
      Securities are set forth in, and this certificate and the Preferred Securities
      represented hereby are issued and shall in all respects be subject to the terms
      and provisions of, the Amended and Restated Trust Agreement of the Trust, dated
      as of February __, 2007, as the same may be amended from time to time (the
      "Trust
      Agreement"),
      among
      Reading International, Inc., as Depositor, Wells Fargo Bank, N.A., as Property
      Trustee, Wells Fargo Delaware Trust Company, as Delaware Trustee, the
      Administrative Trustees named therein and the Holders, from time to time, of
      Trust Securities. The Trust will furnish a copy of the Trust Agreement to the
      Holder without charge upon written request to the Property Trustee at its
      Corporate Trust Office.

     

    Upon
      receipt of this certificate, the Holders bound by the Trust Agreement and is
      entitled to the benefits thereunder.

     

    This
      Preferred Securities Certificate shall be governed by and construed in
      accordance with the laws of the State of Delaware.

     

    All
      capitalized terms used but not defined in this Preferred Securities Certificate
      are used with the meanings specified in the Trust Agreement including the
      Schedules and Exhibits thereto.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    IN
      WITNESS WHEREOF, one of the Administrative Trustees of the Trust has executed
      on
      behalf of the Trust this certificate this __ day of February, 2007.

     

    

      
        	 	
                READING
                  INTERNATIONAL TRUST
                  I

              
	 	
                By:

              	 
	 	 	
                Name:
                  

              
	 	 	
                Administrative
                  Trustee

              

      

    

     

    This
      is
      one of the Preferred Securities referred to in the within-mentioned Trust
      Agreement.

     

    Dated:

     

    
      
        	 	
                
                  WELLS
                    FARGO BANK, N.A., not in its individual capacity, but solely
                    as Property
                    Trustee

                

              
	 	
                By:

              	 
	 	 	
                Authorized
                  signatory

              
	 	 	
                 

              

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    [REVERSE
      OF SECURITY]

     

    The
      Trust
      promises to pay Distributions from February __, 2007, or from the most recent
      Distribution Date to which Distributions have been paid or duly provided for,
      quarterly in arrears on January 30, April 30, July 30 and October 30 of each
      year, commencing on April 30, 2007, at a fixed rate equal to 9.22% per annum
      through the Interest Payment Date on April 30, 2012, and thereafter at a
      variable rate, reset quarterly, equal to LIBOR plus 4.00% per annum of
      the
      Liquidation Amount of the Preferred Securities represented by this Preferred
      Securities Certificate, together with any Additional Interest Amounts, in
      respect to such period.

     

    Distributions
      on the Trust Securities shall be made by the Paying Agent from the Payment
      Account and shall be payable on each Distribution Date only to the extent that
      the Trust has funds then on hand and available in the Payment Account for the
      payment of such Distributions.

     

    Distributions
      on the Securities must be paid on the dates payable to the extent that the
      Trust
      has funds available for the payment of such Distributions in the Payment Account
      of the Trust. The Trust's funds available for Distribution to the Holders of
      the
      Preferred Securities will be limited to payments received from the
      Depositor.

     

    During
      any Event of Default, Depositor shall not (i) declare or pay any dividends
      or
      distributions on, or redeem, purchase, acquire or make a liquidation payment
      with respect to, any of the Depositor's capital stock or (ii) make any payment
      of principal of or any interest or premium, if any, on or repay, repurchase
      or
      redeem any debt securities of the Depositor that rank pari
      passu
      in all
      respects with or junior in interest to the Notes (other than (a) repurchases,
      redemptions or other acquisitions of shares of capital stock of the Depositor
      in
      connection with (1) any employment contract, benefit plan or other similar
      arrangement with or for the benefit of any one or more employees, officers,
      directors or consultants, (2) a dividend reinvestment or stockholder stock
      purchase plan or (3) the issuance of capital stock of the Depositor (or
      securities convertible into or exercisable for such capital stock) as
      consideration in an acquisition transaction entered into prior to the applicable
      Event of Default, (b) as a result of an exchange or conversion of any class
      or
      series of the Depositor's capital stock (or any capital stock of a Subsidiary
      (as defined in the Indenture) of the Depositor) for any class or series of
      the
      Depositor's capital stock or of any class or series of the Depositor's
      indebtedness for any class or series of the Depositor's capital stock, (c)
      the
      purchase of fractional interests in shares of the Depositor's capital stock
      pursuant to the conversion or exchange provisions of such capital stock or
      the
      security being converted or exchanged, (d) any declaration of a dividend in
      connection with any Rights Plan (as defined in the Indenture), the issuance
      of
      rights, stock or other property under any Rights Plan, or the redemption or
      repurchase of rights pursuant thereto or (e) any dividend in the form of stock,
      warrants, options or other rights where the dividend stock or the stock issuable
      upon exercise of such warrants, options or other rights is the same stock as
      that on which the dividend is being paid or ranks pari
      passu
      with or
      junior to such stock).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      On
        each
        Note Redemption Date, on the stated maturity (or any date of principal repayment
        upon early maturity) of the Notes and on each other date on (or in respect
        of)
        which any principal on the Notes is repaid, the Trust will be required to
        redeem
        a Like Amount of Trust Securities at the Redemption Price. Under the Indenture,
        the Notes may be redeemed by the Depositor on any Interest Payment Date,
        at the
        Depositor's option, on or after the expiration of the No Call Period, in
        whole
        or in part from time to time at the Optional Note Redemption Price of the
        principal amount thereof or the redeemed portion thereof, as applicable,
        together, in the case of any such redemption, with accrued interest,
including additional Interest, to but excluding the date fixed for
        redemption. The Notes may also be redeemed by the Depositor, at its option,
        at
        any time, in whole but not in part, upon the occurrence of an Investment
        Company
        Event or a Tax Event at the Special Note Redemption Price; and provided,
        further,
        that
        such Investment Company Event or a Tax Event is continuing on the Redemption
        Date. In addition, upon the election of at least 25% in aggregate principal
        amount of the Holders of Preferred Securities to cause the redemption or
        defeasance of the Notes in accordance with the Indenture upon a Change of
        Control, the Notes relating to the Electing Securities (as defined in the
        Indenture) must be redeemed at the Optional Note Redemption Price or defeased
        pursuant to the terms of the Indenture.

    

     

    The
      Trust
      Securities redeemed on each Redemption Date shall be redeemed at the Redemption
      Price with the proceeds from the contemporaneous redemption or payment at
      maturity of Notes. Redemptions of the Trust Securities (or portion thereof)
      shall be made and the Redemption Price shall be payable on each Redemption
      Date
      only to the extent that the Trust has funds then on hand and available in the
      Payment Account for the payment of such Redemption Price.

     

    Payments
      of Distributions (including any Additional Interest Amounts), the Redemption
      Price, Liquidation Amount or any other amounts in respect of the Preferred
      Securities shall be made by wire transfer at such place and to such account
      at a
      banking institution in the United States as may be designated in writing at
      least ten (10) Business Days prior to the date for payment by the Person
      entitled thereto unless proper written transfer instructions have not been
      received by the relevant record date, in which case such payments shall be
      made
      by check mailed to the address of such Person as such address shall appear
      in
      the Security Register. If any Preferred Securities are held by a Depositary,
      such Distributions shall be made to the Depositary in immediately available
      funds.

     

    The
      indebtedness evidenced by the Notes is, to the extent provided in the Indenture,
      subordinate and junior in right of payment to the prior payment in full of
      all
      Senior Debt (as defined in the Indenture), and this Security is issued subject
      to the provisions of the Indenture with respect thereto.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned assigns and transfers this Preferred Securities
      Certificate to:

     

    

     

    (Insert
      assignee's social security or tax identification number)

     

    

     

    (Insert
      address and zip code of assignee)

     

    

     

    and
      irrevocably appoints

     

    

     

    agent
      to
      transfer this Preferred Securities Certificate on the books of the Trust. The
      agent may substitute another to act for him or her.

     

    
      
        
          	
                  Date:

                	 	 

        

        

         

        

        
          	
                  Signature:

                	 
	 	
                  (Sign
                    exactly as your name appears on the other side of this Preferred
                    Securities Certificate)

                

        

         

      

    

    The
      signature(s) should be guaranteed by an eligible guarantor institution (banks,
      stockbrokers, savings and loan associations and credit unions with membership
      in
      an approved signature guarantee medallion program), pursuant to S.E.C. Rule
      17Ad-15.Exhibit 4.2 Form of Common Security Certificate evidencing common securities
      of Reading International Trust I

     

    EXHIBIT
      4.2

    COMMON
      SECURITIES CERTIFICATE

     

    THIS
      COMMON SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED OR ANY STATE SECURITIES LAWS OR ANY OTHER APPLICABLE SECURITIES LAWS
      AND
      MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT
      TO AN
      EXEMPTION FROM REGISTRATION. THIS CERTIFICATE IS NOT TRANSFERABLE EXCEPT IN
      COMPLIANCE WITH APPLICABLE LAW AND SECTION 5.11 OF THE TRUST
      AGREEMENT

    

    
      	
              Certificate
                Number

            	
              Number
                of Common Securities

            
	 	 
	
              C-1

            	
              1,547

            

    

    

    Certificate
      Evidencing Common Securities

     

    READING
      INTERNATIONAL TRUST I

     

    Common
      Securities

     

    (liquidation
      amount $1,000 per Common Security)

     

    Reading
      International Trust I, a statutory trust created under the laws of the State
      of
      Delaware (the "Trust"),
      hereby certifies that Reading International, Inc., a Nevada corporation (the
      "Holder")
      is the
      registered owner of One Thousand Five Hundred Forty Seven (1,547) common
      securities of the Trust representing undivided common beneficial interests
      in
      the assets of the Trust and designated the Reading International Trust I Common
      Securities (liquidation amount $1,000 per Common Security) (the "Common
      Securities").
      Except in accordance with Section
      5.11
      of the
      Trust Agreement (as defined below), the Common Securities are not transferable
      and, to the fullest extent permitted by law, any attempted transfer hereof
      other
      than in accordance therewith shall be void. The designations, rights,
      privileges, restrictions, preferences and other terms and provisions of the
      Common Securities are set forth in, and this certificate and the Common
      Securities represented hereby are issued and shall in all respects be subject
      to
      the terms and provisions of, the Amended and Restated Trust Agreement of the
      Trust, dated as of February __, 2007 as the same may be amended from time to
      time (the "Trust
      Agreement"),
      among
      Reading International, Inc., as Depositor, Wells Fargo Bank, N.A., as Property
      Trustee, Wells Fargo Delaware Trust Company, as Delaware Trustee, the
      Administrative Trustees named therein and the Holders, from time to time, of
      Trust Securities. The Trust will furnish a copy of the Trust Agreement to the
      Holder without charge upon written request to the Trust at the Corporate Trust
      Office.

     

    Upon
      receipt of this certificate, the Holder is bound by the Trust Agreement and
      is
      entitled to the benefits thereunder.

     

    This
      Common Securities Certificate shall be governed by and construed in accordance
      with the laws of the State of Delaware without reference to its conflict of
      law
      provisions.

     

    Terms
      used but not defined herein have the meanings set forth in the Trust
      Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, one of the Administrative Trustees of the Trust has executed
      on
      behalf of the Trust this certificate this __ day of February, 2007.

    

    
      	 	
              READING
                INTERNATIONAL TRUST I

            
	 	 	 
	 	
              By:

            	 
	 	 	 
	 	 	
              Name:
                

            
	 	 	 
	 	 	
              Administrative
                Trustee

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