Galleon Holdings plc : Publication of Circular and Notice of GM

6 September 2013

("Galleon" or the "Company")

The board of Galleon announces that a Circular has been published today and sent to shareholders together with Administrators' proposals and CVA proposals. The Circular includes a notice of general meeting of the Company ("GM") to be held at 12:00 p.m. on 30 September 2013 at the offices of Chantrey Vellacott DFK LLP, Russell Square House, 10-12 Russell Square, London WC1B 5LF.

The purpose of the GM is to seek shareholder approval for the CVA, the Disposal, the Share Capital Reorganisation, the Placing, the Investing Policy and a waiver under Rule 9 of the Takeover Code. Full details of all of the above are included in the Circular.

The Circular, Administrators' proposals and CVA proposals may be downloaded from the Company's website at www.galleonplc.comand all defined terms in this announcement are defined therein. A copy of the letter from the Directors of Galleon to shareholders contained within the Circular is copied below.

Enquiries:

(Incorporated in Northern Ireland under the Companies (Northern Ireland) Order 1986 with Registered No.NI30649)

David Wong, Chairman
Hayden Eastwood, Chief Financial Officer
Yu Peng, Executive Director
Pritesh Desai, Non-Executive director
To Shareholders and, for information only, the holders of the Existing Options

Registered Office:
50 Bedford Street Belfast BT2 7FW Northern Ireland
6 September 2013

Galleon Holdings PLC announced earlier today that it proposes to enter into a CVA, to undertake the Disposal, the Share Capital Reorganisation and the Placing and to adopt the Investing Policy pursuant to Rule 15 of the AIM Rules and to seek approval of a waiver under Rule 9 of the Takeover Code.
The Company is issuing this Circular to Shareholders setting out the background to and reasons for
the Proposals and, where appropriate, seeking Shareholders