GON Galleon Hldgs

RNS Number:2156E
Galleon Holdings PLC
21 September 2007


                              Galleon Holdings plc


                          ("Galleon" or the "Company")


                   Statement Re. Mysti deal for Feature Film



Galleon is pleased to announce that it has optioned the feature film rights to
Cutstone Feature Productions Limited for "Mysti", the hit live action TV series
for girls aged 8 - 12 years, aired on the BBC.

Under the terms of the deal Galleon will receive #265,000 as a non-refundable
payment for the option. In the event that the feature film goes into production
Galleon will receive a further payment of #500,000 along with 15% of net
profits.

Cutstone Feature Productions Limited is a subsidiary of Cutstone Productions
Limited, an independent film production company working in association with the
Irish Film Board in developing ambitious feature productions for the
international market.

Stephen Green, Chief Executive of Galleon said, "We have seen recently with the
success of properties like High School Musical how lucrative features in this
genre can be. Mysti has always been a ratings winner in the UK and is an obvious
choice for a feature film with global appeal."


For further information please contact,

Stephen Green, Chief Executive
Galleon Holdings Plc
Tel. 020 8742 3636

Ben Simons/Adam Reynolds
Hansard Communications
Tel. 020 7245 1100

Robert Kidson/Nicola Horton
Smith & Williamson Corporate Finance Limited
Nomad & Broker
Tel: 020 7131 4000

Notes to editors:

Galleon Holdings plc is an AIM-listed intellectual property owner and developer
in the entertainment sector.










                      This information is provided by RNS
            The company news service from the London Stock Exchange

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