• Group's financial thriller film, DEFAULT, starring Yoo Ah-in of Spackman Media Group, Kim Hye-soo, Heo Jun-ho, Jo Woo-jin and French actor Vincent Cassel, achieved #1 in advance ticket bookings
• DEFAULT is set to screen in Korea today, 28 November 2018
• The film has been presold to 17 countries including Canada, Italy, Japan, China (Hong Kong & Macau), Taiwan, Singapore, Indonesia, Malaysia, Brunei, the Philippines andthe United States

SINGAPORE- MediaOutReach - 28November 2018 - SpackmanEntertainment Group Limited ("SpackmanEntertainment Group" or the "Company" and together with its subsidiaries, the "Group"), one of Korea's leading entertainment production groupsfounded by financier Charles Spackman, wishes to announce that the Group'supcoming film, DEFAULT, produced by the Company's indirectwholly-owned subsidiary, Zip Cinema Co., Ltd. ("Zip Cinema"),ranked #1 in ticket reservations as of 27 November 2018, prior to its scheduledopening day on 28 November 2018.

Based on the lateststatistics from the Korean Film Council, the market share of advance booking oftickets for DEFAULT stood at 35.1% with a total 125,652tickets reserved, the highest amongst all other films for 27 November 2018.According to an article on popular Korean online platform Naver, the film wasthe top Korean film for advance ticket reservations in the afternoon of 27November 2018. BOHEMIANRHAPSODY took the secondplace. The booking sales of DEFAULTwas recorded as KRW786.9 million (orUS$ 0.7 million) as of 27 November 2018.

In addition to beingthe producer of DEFAULT, the Group invested 10% of the film'stotal production budget. The estimated total production budget for DEFAULT, including prints and advertising costs, is approximatelyKRW 9.7 billion (or USD 8.6 million).

CJ Entertainment isthe overseas distributor of DEFAULT.Clover Films Pte. Ltd., aSingapore-based film distributor, purchased the theatrical distribution rightsin Hong Kong, Macau, Singapore and Taiwan.

Starring Koreansuperstar Yoo Ah-in of the Group's associated company, Spackman Media GroupLimited, veteran actress Kim Hye-soo, Heo Jun-ho, Jo Woo-jin and French actorVincent Cassel, DEFAULTdepicts the behind-the-scenes story ofthe tumultuous week leading up to the rescue package agreed upon between theInternational Monetary Fund ("IMF") and the Republic of Korea to preventbankruptcy during the 1997 Asian Financial Crisis.

In DEFAULT,Yoo Ah-in plays a mega investor betting against the country's fortunes. KimHye-Soo acts as the leader of the monetary policy team at the Bank of Korea,and French actor Vincent Cassel takes on the role of the managing director ofIMF. The film marks the first South Korean project of Vincent Cassel, whostarred in French independent films LAHAINE and L'APPARTMENT, as well as Hollywood movies OCEAN'S TWELVE, OCEAN'STHIRTEEN and BLACK SWAN.

Directed by Choi Kook-hee, DEFAULT was previously screened at the 71st CannesInternational Film Festival in May 2018.

For more information on DEFAULT and its English trailer, visit the Group's website at https://www.spackmanentertainmentgroup.com/default-1.html.

The latest daily statistics from theKorean Film Council on the performance of DEFAULT will be updated on the Group's https://www.spackmanentertainmentgroup.com.

Recent media coverage on DEFAULT can also https://www.spackmanentertainmentgroup.com/news.html.

About Spackman Entertainment GroupLimited

website at be found at https://www.spackmanentertainmentgroup.com/news.html.

AboutSpackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL" or the "Company"), and together with its subsidiaries,(the "Group"), one of Korea's leadingentertainment production groups founded by investment veteran, Mr. CharlesSpackman, is primarily engaged in the independent development, production,presentation, and financing of theatrical motion pictures in Korea. In order todiversify our revenue streams, in the second half of 2018, we will to expandour business portfolio to include the production of Korean television dramas.In addition to our content business, we also make investments intoentertainment companies and film funds that can financially and strategicallycomplement our existing core operations. SEGL is listed on the Catalist of theSingapore Exchange Securities Trading Limited under the ticker 40E.

SEGL's Zip Cinema Co., Ltd. ("Zip Cinema") is one of the most recognised film productionlabels in Korea and has originated and produced some of Korea's mostcommercially successful theatrical films, consecutively producing 8 profitablemovies since 2009 representing an industry leading track record. Recenttheatrical releases of Zip Cinema's motion pictures include some of Korea'shighest grossing and award-winning films such as MASTER (2016),THE PRIESTS (2015), COLD EYES (2013),and ALL ABOUT MY WIFE (2012). For more information on ZipCinema, do visit https://zipcine.com

SEGL also owns Novus Mediacorp Co.,Ltd. ("Novus Mediacorp"), an investor, presenter, and/orpost-theatrical distributor for a total of 76 films (53 Korean and 23 foreign)including ROSE OF BETRAYAL, THEOUTLAWS and SECRETLY, GREATLY, which was one of the biggest boxoffice hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS fame,as well as FRIEND 2: THE GREATLEGACY. In 2012, NovusMediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedyproduced by Zip Cinema. In 2018, THEOUTLAWS, co-presented byNovus Mediacorp broke the all-time highest Video On Demand ("VOD") sales records in Korea. Novus Mediacorp is currently inthe process of seeking a listing on the Singapore Stock Exchange. For moreinformation on Novus Mediacorp, do visit https://novusmediacorp.com

Our films are theatrically distributedand released in Korea and overseas markets, as well as for subsequentpost-theatrical worldwide release in other forms of media, including cable TV,broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all ofour motion pictures into wide-theatrical exhibition initially in Korea, andthen in overseas and ancillary markets.

We also operate a café-lounge calledUpper West, in the Gangnam district of Seoul and own a professional photographystudio, noon pictures Co., Ltd..

The Company holds an effectiveshareholding interest of 43.88% in Spackman Media Group Limited ("SMGL"). SMGL, a company incorporated in Hong Kong, together withits subsidiaries, is collectively one of the largest entertainment talentagencies in Korea in terms of the number of artists under management, includingsome of the top names in the Korean entertainment industry. SMGL operates itstalent management business through renowned agencies such as MS TeamEntertainment Co., Ltd., UAA & Co Inc., Fiftyone K Inc., SBD EntertainmentInc., and Kook Entertainment Co., Ltd. Through these full-service talentagencies in Korea, SMGL represents and guides the professional careers of aleading roster of award- winning actors/actresses in the practice areas ofmotion pictures, television, commercial endorsements, and brandedentertainment. SMGL leverages its unparalleled portfolio of artists as aplatform 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 interestin Frame Pictures Co., Ltd. ("FramePictures"). Frame Pictures isa leader in the movie/drama equipment leasing business in Korea. Established in2014, Frame Pictures has worked with over 25 top directors and provided thecamera and lighting equipment for some of Korea's most notable drama and movieprojects including the upcoming 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 MILLION STARS FROM THE SKY (2018), LOVELY HORRIBLY (2018),THE GUEST (2018), historical Korean movie MALMOI, SUITS(2018) featuring Park Hyung-sik ofSMGL, MISTRESS (2018), LIFE (2018),LIVE (2018) starring Lee Kwang-soo of RUNNING MAN, MYMISTER (2018) and Netflix'sfirst Korean original production LOVEALARM (2018). FramePictures and Novus Mediacorp are currently seeking to list on the SingaporeStock Exchange.

The Company owns a 100% equity interestin Take Pictures Pte. Ltd. ("TakePictures") which has a stronglineup of 10 film projects including STONESKIPPING and the co-productionwith Zip Cinema for THEPRIESTS 2.

The Company owns a 100% equity interestin Constellation Agency Pte. Ltd. ("ConstellationAgency"). ConstellationAgency, which owns The P Factory Co., Ltd. ("The P Factory")and Platform Media Group Co., Ltd. ("PMG"), is primarily involved in thebusiness of overseas agency for Korean artists venturing into the overseasmarket. The P Factory is an innovative marketing solutions providerspecializing in event and branded content production. PMG is a talentmanagement agency which represents and manages the careers of major artists infilm, television, commercial endorsements, and branded entertainment.

The Company owns a 100% equity interestin Greenlight Content Limited which is mainly involved in the business ofinvesting into dramas and movies, as well as providing consulting services forthe production of Korean content.

On 7 May 2018, the Company announcedthat it would spin-off Novus Mediacorp and Frame Pictures into a combined entityto seek listing on the Catalist Board of the Singapore Exchange SecuritiesTrading Limited to exploit the growing post- theatrical and camera equipmentleasing markets.For more details, do visit https://www.spackmanentertainmentgroup.com/