GON Galleon Hldgs

Re. US$750,000 Contract Embargoed: 0700hrs 1 February 2005 Galleon Holdings plc ("Galleon" or the "Company") US$750,000 contract for the sale and supply of 15 million toy based premium products Contract Galleon Holdings Plc, the intellectual property owner and developer, is pleased to announce that it's wholly owned subsidiary, Croco Worldwide Sourcing Limited ("Croco"), has secured a contract to supply one of its range of toy based Intellectual properties as an exclusive in-pack premium product for a leading US global food and beverage business. The contract for 15 million pieces totals approximately US$750,000 and will be delivered by the end of the first quarter of 2005. Stephen Green CEO of Galleon commented, "Galleon has a new management team in place which is skilled in finding and executing lucrative intellectual property opportunities on a global basis. We are actively pursuing exciting growth prospects through this business and we are pleased to be announcing a $750,000 deal in Q1." Paul Hamilton, Croco's MD, said, "One of the major advantages that we have is the ability to develop unique exclusive premiums tailored to our clients needs. I am confident that this edge will result in further revenue enhancing deals from these products. We are already in discussions with the same client to supply their wider geographical markets." -Ends- Jim Driscoll, Galleon Holdings plc Tel: 01384 350 210 Louise Carpenter, Seymour Pierce Tel. 020 7107 8000 Ben Simons, Hansard Communications Tel: 020 7245 1100 END

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