GON Galleon Hldgs

    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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