• Group's 51%-owned subsidiary, Novus Mediacorp, ownsthe post-theatrical rights of comedy film,ROSE OF BETRAYAL
• Starring Kim In-kwon of THE HIMALAYAS (2015), Jung Sang-hoon of THE LAST PRINCESS (2016) and Son Dam-bi of MRS. COP 2 (2016), ROSE OFBETRAYAL expected to be released in Korea in August 2018
• In light of its proposed listing as an independentcombined entity with Frame Pictures, Novus Mediacorp continues to acquire the rights for top-tierfilms to capture the burgeoning post-theatrical market

SINGAPORE - Media OutReach - 3 July 2018-Spackman Entertainment Group Limited ("SpackmanEntertainment Group" or the "Company" and together with itssubsidiaries, the "Group"), one of Korea's leading entertainmentproduction groups founded by financier Charles Spackman, wishes to announcethat the Company's 51%-owned subsidiary, Novus Mediacorp, ownsthe post-theatrical rights to upcoming comedy film, ROSE OF BETRAYAL, which is expected to be released in August2018.

Directed byPark Jun-young-II, ROSE OF BETRAYAL starsKim In-kwon of THE HIMALAYAS (2015),Jung Sang-hoon of THE LAST PRINCESS(2016) and Son Dam-bi of MRS. COP 2(2016). The comedy movie relates the story of three men and a woman who claimthat their lives are the saddest in the world and decide to end their lives atthe same time together.

Mr. RichardLee, Interim Chief Executive Officer & Executive Director of SpackmanEntertainment Group, said, "As our majority-owned subsidiary, Novus Mediacorp,continues to build its portfolio of owning post-theatrical rights of qualityfilms, we remain optimistic of its growth potential in the burgeoningpost-theatrical market."

About SpackmanEntertainment Group Limited

SpackmanEntertainment Group Limited ("SEGL"or the "Company"), and together withits subsidiaries, (the "Group"), oneof Korea's leading entertainment production groups founded by investmentveteran, Mr. Charles Spackman, is primarily engaged in the independentdevelopment, production, presentation, and financing of theatrical motionpictures in Korea. In order to diversify our revenue streams, inthe second half of 2018, we will to expand our business portfolio to includethe production of Korean television dramas. In addition to our contentbusiness, we also make investments into entertainment companies and film fundsthat can financially and strategically complement our existing core operations.SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limitedunder the ticker 40E.

SEGL'sZip Cinema Co., Ltd. ("Zip Cinema")is one of the most recognised film production labels in Korea and hasoriginated and produced some of Korea's most commercially successful theatricalfilms, consecutively producing 8 profitable movies since 2009 representing anindustry leading track record. Recent theatrical releases of Zip Cinema'smotion pictures include some of Korea's highest grossing and award-winningfilms such as MASTER (2016), THE PRIESTS (2015), COLD EYES (2013), and ALLABOUT MY WIFE (2012). For more information on Zip Cinema, do visit https://zipcine.com   

SEGLalso owns Novus Mediacorp Co., Ltd. ("NovusMediacorp"), an investor, presenter, and/or ancillary distributor for atotal of 76 films (53 Korean and 23 foreign) including SECRETLY, GREATLY, which was one of the biggest box office hits of2013 starring Kim Soo-hyun of MY LOVEFROM THE STARS fame, as well as FRIEND2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the ancillarydistributor of ALL ABOUT MY WIFE, atop-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by NovusMediacorp broke the all-time highest Video On Demand ("VOD") sales records in Korea. For more information on NovusMediacorp, do visit  https://novusmediacorp.com 

Ourfilms are theatrically distributed and released in Korea and overseas markets,as well as for subsequent post-theatrical worldwide release in other forms ofmedia, including cable TV, broadcast TV, IPTV, video-on-demand, and homevideo/DVD, etc. We release all of our motion pictures into wide-theatricalexhibition initially in Korea, and then in overseas and ancillary markets.

Wealso operate a café-lounge called Upper West, in the Gangnam district of Seouland own a professional photography studio, noon pictures Co., Ltd..

TheCompany holds an effective shareholding interest of 41.28% in Spackman MediaGroup Limited ("SMGL"). SMGL, acompany incorporated in Hong Kong, together with its subsidiaries, iscollectively one of the largest entertainment talent agencies in Korea in termsof the number of artists under management, including some of the top names inthe Korean entertainment industry. SMGL operates its talent management businessthrough renowned agencies such as MS Team Entertainment Co., Ltd., UAA & CoInc., Fiftyone K Inc., SBD Entertainment Inc., and Kook Entertainment Co., Ltd.Through these full-service talent agencies in Korea, SMGL represents and guidesthe professional careers of a leading roster of award-winning actors/actressesin the practice areas of motion pictures, television, commercial endorsements,and branded entertainment. SMGL leverages its unparalleled portfolio of artistsas a platform to develop, produce, finance and own the highest quality ofentertainment content projects, including theatrical motion pictures, varietyshows, and TV dramas. This platform also creates and derives opportunities forSMGL to make strategic investments in development stage businesses that cancollaborate with SMGL artists. SMGL is an associated company of the Company.

On31 March 2017, the Group completed the acquisition of 100% equity interest inFrame Pictures Co., Ltd. ("FramePictures"). Frame Pictures is a leader in the movie/drama equipment leasingbusiness in Korea. Established in 2014, Frame Pictures has worked with over 25top directors and provided the camera and lighting equipment for some ofKorea's most notable drama and movie projects including LOVELY HORRIBLY(2018) starring Park Si-hoo of MY GOLDEN LIFE (2017) and Song Ji-hyo ofRUNNING MAN, THE GUEST (2018) showcasing Kim Dong-wook of ALONGWITH THE GODS: THE TWO WORLDS (2017), historical Korean movie MALMOI,SUITS (2018) featuring Park Hyung-sik of SMGL, MISTRESS (2018), LIFE(2018), LIVE (2018) starring LeeKwang-soo of RUNNING MAN, MY MISTER (2018), SUITS (2018) showcasing Park Hyung-sik of SMGL, MISTRESS (2018), LIFE (2018), Netflix's first Korean original production LOVE ALARM (2018), DECEPTIVE MURDER (2017), TUNNEL(2017), VOICE (2017), THE LEGEND OF THE BLUE SEA (2016) featuring JeonJi-hyeon and Lee Min-ho, as well as VETERAN(2015), the number one movie at the Korean box office in 2015 starring YooAh-in.

On27 October 2017, the Company completed the acquisition of 100% equity interestin Take Pictures Pte. Ltd. ("TakePictures") which owns a strong lineup of 10 film projects including theco-production with Zip Cinema for THEPRIESTS 2.

On 26 January 2018, the Company completedthe acquisition of 100% equity interest in Constellation Agency Pte. Ltd. ("Constellation Agency"). ConstellationAgency, which owns The P Factory Co., Ltd. ("The P Factory") and Platform Media Group Co., Ltd. ("PMG"), is primarily involved in the businessof overseas agency for Korean artists venturing into the overseas market. The PFactory is an innovative marketing solutions provider specializing in event andbranded content production. PMG is a talent management agency which representsand manages the careers of major artists in film, television, commercialendorsements, and branded entertainment.

On 7May 2018, the Company announced that it would spin-off Novus Mediacorp andFrame Pictures into a combined entity to seek listing on the Catalist Board ofthe Singapore Exchange Securities Trading Limited to exploit thegrowing post-theatrical and camera equipment leasing markets.

For more details, do visit https://www.spackmanentertainmentgroup.com/

This press release has been prepared by the Company and its contentshave been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with theSingapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. TheSponsor has not verified the contents of this press release.

This press release has not been examined or approved by the SGX-ST. TheSponsor and the SGX-ST assume no responsibility for the contents of this pressrelease including the accuracy, completeness or correctness of any of theinformation, statements or opinions made or reports contained in this pressrelease.