6 March 2013

Galleon Holdings pie

("Galleon" or the "Company'')

Trading Update

The Company announced on 21November 2012 that its cash flow was increasingly under pressure and significant risks remained due to the nature ofthe marketplace in which it operates.
In January 2013, the Company launched two games, 'Happy Tank' and 'Chuangshenlu' on Qzone, a leading social networking portai in China owned by QQ (Tencent), and has expanded into new territories, licensing Revenge of Titans to Turkey. Revenge of Titans is also now in closed beta testing in the United States on koramgame.com where it is titled 'Everlight'.
The Board anticipated that this increased activity would improve the Company's working capitai position. However, to date these games have fallen short of management expectations in both sales and cash flow generated. Every measure is being taken to manage costs and whilst the Company continues to update the games and seeks new commercialisation opportunities, its cash position is coming under increased pressure. Ali funding options are being considered to improve the working capitai position but significant risk remains going forward. A further announcement will be made in due course.
Enquiries:

Galleon Holdings pie

Hayden Eastwood, Chief Financial Officer +44 20 8987 0011

Nominated Adviser Cairn Financial Advisers LLP

James Caithie l Avi Robinson
+44 20 7148 7900

Notes to Editors: ABOUT GALLEON HOLDING$

Galleon Holdings pie is primarily a publisher of digitai content in China a cross both online and mobile platforms. lt also has a Product lP Division that provides innovative marketing devices for fast moving consumable goods and an Entertainment Division that develops multi-platform branded formats designed to establish a direct, interactive relationship with the viewer.

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