• STONE SKIPPING, with the previousworking title DAMAGED, is the first film production of theCompany's wholly-owned indirect subsidiary, Studio Take, founded by veteranmovie producer, Mr. Song Dae-chan
• STONE SKIPPING to be screened atthe upcoming Busan International Film Festival, one of the most significantfilm festivals in Asia and is expected to be released in Korea in 1H2019
• Studio Take starting to contribute to the Group's filmproduction capability with the release of STONE SKIPPING

SINGAPORE - Media OutReach - 6 September 2018 - SpackmanEntertainment Group Limited ("Spackman Entertainment Group" or the "Company"and together with its subsidiaries, the "Group"), one of Korea's leadingentertainment production groups founded by financier Charles Spackman, wishesto announce that STONE SKIPPING, with the previous working title DAMAGED, produced by the Company'swholly-owned indirect subsidiary, Studio Take Co., Ltd. ("Studio Take"), is set to be screened at the 23^rd BusanInternational Film Festival in October 2018.  

STONE SKIPPING is thefirst production to be released by Studio Take. The human drama film starsDae-Myung Kim of GOLDEN SLUMBER(2017) & BLUEBEARD (2017),Chae-eun Jeon of ANNE OF GREEN GABLES (MUSICAL)(2017), Eui-sung Kim of TRAIN TO BUSAN(2016) & GOLDEN SLUMBER (2017)and Yun-ah Song of THE K2 (2016). Thestory of STONE SKIPPING revolves around an unforeseen friendshipbetween Suk-Gu (played by Dae-Myung Kim), an adult with an intellectual disabilityrunning a rice mill in a small village, and Eun-Ji (played by Chae-eun Jeon), arunaway teenage girl from the city looking for her father. One day, anunexpected incident at the rice mill leads to their world falling apart.

Mr. RichardLee, Interim Chief Executive Officer & Executive Director of SpackmanEntertainment Group, said, "We are pleased that our wholly-owned indirect subsidiary, Studio Take, is starting tocontribute to the Group's film production capability with its first filmrelease. STONE SKIPPING will be screened at The Busan InternationalFilm Festival, which is one of the mostsignificant film festivals in Asia. We believe that Studio Take iswell-equipped to continue delivering a healthy pipeline of top quality films."

StudioTake is wholly-owned by the Company's wholly-owned subsidiary Take PicturesPte. Ltd. Founded by veteran movie producer, Mr. Song Dae-chan, Studio Takecurrently has developed and owns a strong lineup of 10 film projects includingthe co-production with the Company's indirect wholly-owned subsidiary, ZipCinema Co., Ltd. ("Zip Cinema"), of THE PRIESTS 2. THE PRIESTS 2 is the sequel to one of Korea's most commerciallysuccessful theatrical films of 2015, THEPRIESTS, which was produced by Zip Cinema.

STONE SKIPPING is in its post-production stage and expected to bereleased in Korea in 1H2019.

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 TradingLimited under 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 THE OUTLAWS and SECRETLY,GREATLY, which was one of the biggest box office hits of 2013 starring KimSoo-hyun of MY LOVE FROM THE STARSfame, as well as FRIEND 2: THE GREATLEGACY. In 2012, Novus Mediacorp was also the post-theatrical rightsdistributor 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. Novus Mediacorp is currently in theprocess of seeking a listing on the Singapore Stock Exchange. For moreinformation on Novus Mediacorp, 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-theatrical exhibitioninitially 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 43.88% 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.

The Group owns a 100% equity interest in Frame PicturesCo., Ltd. ("Frame Pictures").Frame Pictures is a leader in the movie/drama equipment leasing business inKorea. Established in 2014, Frame Pictures has worked with over 25 topdirectors and provided the camera and lighting equipment for some of Korea'smost notable drama and movie projects including theupcoming Korean film GIRL COPS (2018)featuring rising star Wi Ha-jun of SMGL and THE GREATEST DIVORCE (2018) starring Bae Doona of SMGL. In 2018, Frame Pictures has also woncontracts to supply equipment to THEBEAUTY INSIDE (2018), HUNDRED MILLIONSTARS FROM THE SKY (2018), LOVELY HORRIBLY (2018), THE GUEST (2018),historical Korean movie MALMOI, SUITS (2018) featuring ParkHyung-sik of SMGL, MISTRESS (2018), LIFE (2018), LIVE (2018) starring Lee Kwang-soo of RUNNING MAN, MY MISTER (2018) and Netflix's first Korean original production LOVE ALARM (2018). Frame Pictures andNovus Mediacorp are currently seeking to list on the Singapore Stock Exchange.

The Company owns a 100% equity interest in Take PicturesPte. Ltd. ("Take Pictures")which owns a strong lineup of 10 film projects including the co-production withZip Cinema for THE PRIESTS 2.

TheCompany owns a 100% equity interest in Constellation Agency Pte. Ltd. ("Constellation Agency"). Constellation Agency, which owns TheP Factory Co., Ltd. ("The P Factory")and Platform Media Group Co., Ltd. ("PMG"),is primarily involved in the business of overseas agency for Korean artistsventuring into the overseas market. The P Factory is an innovative marketingsolutions provider specializing in event and branded content production. PMG isa talent management agency which represents and manages the careers of majorartists in film, television, commercial endorsements, and brandedentertainment.

On 7 May 2018, the Company announced that it wouldspin-off Novus Mediacorp and Frame Pictures into a combined entity to seeklisting on the Catalist Board of the Singapore Exchange Securities TradingLimited to exploit thegrowing post-theatrical and camera equipment leasing markets.

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