GON Galleon Hldgs

    Embargoed: 0700hrs 23 December 2005

                             Galleon Holdings Plc                              

                         ("Galleon" or the "Company")                          

                         Galleon Signs Publishing Deal                         

Galleon, the intellectual property owner, developer and manager in the
children's entertainment sector, announces that it has today concluded a
Publishing Deal for children's animated TV series, "Skunk Fu!," in which it
owns a 15% equity stake.

The deal, for English Language Publishing rights, is with children's publishing
and media company, Imagineire and will see Galleon earn royalties from the book
sales. Under the agreement the royalties will increase when the property goes
on air in 2007. As part of the deal Imagineire have committed to seeding the UK
market with the launch of the publishing program prior to the launch of the TV
series.

As well as the BBC, the television show is already pre-sold with major
broadcasters in key territories such as Germany (Super RTL), and is in final
negotiations with major broadcast partners for France and the US. "Skunk Fu!,"
an animation property, tells the stories of a skunk who has to learn the ways
of Kung Fu after accidentally being dropped in China by a wayward stork.

Stephen Green, CEO of Galleon, said,

"This is the first of a series of licensing deals which we intend to conclude
for this property which is 15% owned by Galleon. We are delighted to have a
strategic publishing partner who will invest in growing the brand. "

For further information please contact,

Stephen Green, Chief Executive

Len Dunne, Managing Director

Tel: 020 8742 3636

Ben Simons

Hansard Communications

Tel. 020 7245 1100



END

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