Embargoed until 0700hrs on Monday 17 December


                             Galleon Holdings plc                              

                               Change of Adviser                               


Galleon Holdings plc (the "Company") is pleased to announce that Kaupthing
Singer & Friedlander Capital Markets Limited has been appointed as Nominated
Adviser and Broker to the Company with immediate effect.


Contact details:
Stephen Green, Chief Executive
Galleon Holdings Plc
Tel. 020 8987 0011

Graham Swindells / Marc Young
Nominated Adviser & Broker
Kaupthing Singer & Friedlander Capital Markets Limited
Tel: 020 3205 7500

John Bick / Adam Reynolds
Hansard Communications
Tel. 020 7245 1100

END
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