GON Galleon Hldgs

    Embargoed: 0700hrs, 11 April 2005

               Galleon Holdings plc ("Galleon" or "the Company")               

                           New Intellectual Property                           

Galleon, the intellectual property owner, developer and manager is delighted to
announce the introduction to its portfolio of a new intellectual property,
which has been developed by the Company's recently acquired subsidiary, Green
and Dunne Ltd.

The property, provisionally titled `Project Sport,' would consist initially of
52 half hour episodes incorporating animation and live action aimed at boys. It
is anticipated that the property, involving a global sports theme, will feature
internationally renowned soccer stars who have already indicated their desire
to be involved. It has been developed using UK and US writers and animators
under the direction of J Christopher Entertainment, Galleon's LA based studio.
Early response to the property from key broadcasters in the UK and US has been
extremely positive and the Directors believe that the property has the
potential to become a global perennial brand. The project is moving ahead with
such momentum that a concurrent UK & US launch is looking likely. In this event
the multiple revenue streams unlocked by this property would deliver six figure
revenues as early as 2006.

Galleon will shortly be showcasing the property at MIPTV in Cannes in order to
get further feedback from broadcasters. Alongside Project Sport, Galleon will
be marketing its strongest portfolio of properties to date for broadcaster
consideration. This portfolio includes Oggies, Astro Knights, Malcolm and
Professor Winklebottom's Universe.

The Project Sport property was conceived by Stephen Green and Len Dunne, CEO
and Managing Director of Galleon. The pair have worked together both at Hasbro
and Chorion. At Hasbro Stephen Green was responsible for license acquisition of
entertainment properties and out licensing of Hasbro brands while Len Dunne
managed Action Man, Transformers and Batman. At Chorion, where the pair was
part of the management team responsible for the turnaround of the business,
Stephen Green managed global marketing operations while Len Dunne was
responsible for TV animation development.

James Driscoll MBE, Chairman of Galleon, and a creator of a global success
story in the Shoe People, said,

"Galleon acquired Green and Dunne Ltd because, in Stephen Green and Len Dunne,
we have the creativity and expertise to profitably take intellectual properties
from conception to market. The new show is looking great, we have enormous
confidence in its potential to be a global success story and we are looking
forward to sharing the story with broadcasters at MIPTV."

For further details please contact:

Jim Driscoll, Chairman

Stephen Green, Chief Executive

Len Dunne, Managing Director

Tel: 01384 350 210

Ben Simons

Hansard Communications

Tel. 020 7245 1000

 



END

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