Placing of Ordinary Shares: £1.3 Million Raised

The Directors of Global Entertainment Group Plc (PLUS: GEGO) (“GEG” or “the
Company”), the Asia-focused media and entertainment company, are pleased to
announce that the Company has raised GBP1,300,000 before expenses through the
placing of 86,666,667 new ordinary shares in the Company priced at 1.5p per
share (“the Placing”).

Pursuant to the Placing, Daiton Global Limited has become a substantial
shareholder of the Company, holding 71,159,667 ordinary shares representing
23.9 per cent of the issued share capital.

Over the past few months, GEG has built an experienced management team with a
view to opening and operating a chain of cinemas across China. The Directors
intend to use the proceeds of the placing towards potential acquisitions of
such cinemas.

Dr Johnny Hon, the Company’s chairman, commented:

“We are delighted to have concluded this interim funding round as we consider
there to be a number of opportunities to make cinema acquisitions in China that
we are looking to progress in the year ahead.”

The total number of shares now in issue is 297,726,635.

The Directors of the Company accept responsibility for the contents of this
announcement.

— ENDS—

Please visit www.gegasia.com for further information.

Contacts:

GEG Plc Dr Johnny Hon (Chairman) +44 (0)20 7073 7888

Rukpong Tupprasoot (COO) info@gegasia.com

Atlantic Law Llp Martin Boulton +44 (0)20 7616 2888

GTH Media Relations Toby Hall +44 (0)20 7153 8039

Christian Pickel +44 (0)20 7153 8036

Acquisition of Global Gaming Leisure plc

The Directors of Global Entertainment Group plc ("GEG") are pleased to announce
the acquisition of 100 per cent of the issued share capital of Global Gaming
Leisure plc ("GGL") for a total consideration of GBP2,030,000 ("the
Acquisition").

The Acquisition has been satisfied by the issue of 126,875,000 new ordinary
shares of GEG at the price of 1.6p per share, credited as fully paid. The total
number of shares in issue following the Acquisition will be 424,601,635, giving
GEG a market capitalisation of GBP5,838,272.

GGL actively seeks investments across a range of opportunities within the Asian
gaming industry. It has interests in one of the VIP Rooms within Wynn Resorts
(Macau) with plans to acquire further interests in Macau. GGL's unaudited
accounts show a profit of HKD3,181,877 (approximately GBP205,000) for the 12
months to 31 December 2007.

GGL will be integrated into GEG's existing gaming activities which currently
provides a statistical risk management business focused on the gaming and
entertainment industry.

Following the Acquisition, the shareholding of Dr. Johnny Hon, Chairman of GEG
and a Director and shareholder of GGL, will increase from 21.22 per cent to
24.86 per cent of the issued share capital of GEG. In addition, Roy Nominees
Limited has ceased to have a substantial shareholding in GEG.

The following is a list of substantial shareholdings in GEG following the
Acquisition:

              Shareholder                 Number of Shares     Interest in GEG
                                                              post Acquisition  

                                                                          (%)        

Dr Johnny Hon                                  105,573,572               24.86

Daiton Global                                   71,159,667               16.76

Faith Conqueror Limited                         41,666,667                9.81

Ms Chiu Fong Lai                                40,000,000                9.42

David Cowham                                    16,290,123                3.84

Jefferies International (Nominees)              14,843,750                3.50
Limited                                                                       

Dr. Hon said "Global Entertainment Group plc considers that it is positioned to
take advantage of one of the most rapidly growing segments of the gaming
industry, Macau. The acquisition of GGL constitutes another step forward in
that strategy."

The Directors of GEG accept responsibility for the contents of this
announcement.

                                 --- Ends ---                                  

About Global Entertainment Group plc

Global Entertainment Group plc is a vertically integrated media and
entertainment conglomerate focused on Film and Television Production, Cinema
Operations, Artist Management, and Gaming and Risk Management. For additional
information, please visit www.gegplc.com.

For further information please contact:

GEG plc               Johnny Hon, Chairman      +44 (0) 20 7073 7888

                      Rukpong Tupprasoot, COO   info@gegplc.com

Atlantic Law Llp      Andrew Greystoke          +44 (0) 20 7616 2888

GTH Media Relations   Toby Hall                 +44 (0) 20 7153 8039

                      Brooke Paul               +44 (0) 20 7153 8035

TAKES A ROLE IN OLIVER STONE’S “W”

The Directors of Global Entertainment Group plc ("GEG" or "the Company"), the
Asia-focused media and entertainment company, are pleased to announce that the
Company's wholly owned subsidiary, Global Entertainment Group (W) Ltd ("GEG(W)"),
has signed an investment agreement ("the Agreement") with QED International,LLC
("QED"), acting through Prescott Investments LLC, for an investment in Oliver
Stone's political biopic "W" ("the Film"). The total production budget for the
Film is approximately US$30 million, comprising US$6.9 million of equity
investment, of which 7.25% has been provided by the Company through GEG (W).

The Company's chairman Dr Johnny Hon will join "W" as executive producer along
with Albert Yeung, the chairman of Emperor Entertainment Group, Jon Kilik
("Babel" and "Alexander"), Eric Kopeloff ("Monster's Ball"), QED co-founders
Elliot Ferwerda and Paul Hanson, as well as Hong Kong actress and producer
Teresa Cheung.

GEG's international artist management agency, Morpheus Entertainment Management
and Agency Ltd, will also be responsible for incorporating the appearance of
two select artists into the Film.

Principal photography for "W" is currently underway in Shreveport, Louisiana.
The Film is scheduled to be released by Lionsgate on 17 October 2008, prior to
the US presidential election.

Inspired by one of the most controversial men in recent memory, "W" will
examine the life of George W. Bush his struggles and triumphs, how he found
both his wife and his faith and the critical days leading up to his decision to
invade Iraq. Academy Award® winning director Oliver Stone, who is best known
for films such as "World Trade Center", "Alexander", "JFK", "Wall Street" and
"Platoon", will direct and produce the Film. His previous films have reached
over US$1 billion gross profit in worldwide box office sales since "Platoon"
was released in 1986.

"W" will star Josh Brolin ("No Country For Old Men") as George W. Bush,
Elizabeth Banks ("Seabiscuit") as Laura Bush, James Cromwell ("The Queen") as
George Herbert Walker Bush, Academy Award® winner Ellen Burstyn ("Requiem for a
Dream") as Barbara Bush, Thandie Newton ("Crash") as Condoleezza Rice, Jeffrey
Wright ("Syriana") as Colin Powell, Scott Glenn ("The Bourne Ultimatum") as
Donald Rumsfeld, and Ioan Gruffudd ("Fantastic Four") as Tony Blair.

Dr Johnny Hon commented as follows: "We are thrilled to be teaming up with
award-winning director Oliver Stone on our first US feature film venture. This
is an excellent opportunity for GEG to bridge the gap between Asian and
Hollywood cinema, a goal of ours since day one. We look forward to potentially
working with QED again on future projects."

The Directors of GEG accept responsibility for the contents of this
announcement.

                                 --- Ends ---                                  

About Global Entertainment Group plc

Global Entertainment Group plc (GEG) is a vertically integrated media and
entertainment company focused on Film and Television Production, Cinema
Operations, Artist Management and Gaming and Risk Management. For additional
information, please visit www.gegplc.com.

About QED International

QED is a Beverly Hills based independent film company that represents
theatrical motion picture projects for sales and distribution in the worldwide
marketplace. The company also acquires, develops, finances and produces its own
motion pictures, either independently or in partnership with major studios,
talent and key foreign distributors.

QED Managing Partners include the Chief Executive Officer Bill Block; Senior
Vice President, Worldwide Sales and Distribution, Kimberly Fox; Chief Operating
Officer, Paul Hanson; and Vice President of Production, Elliot Ferwerda.

For further information please contact:

GEG plc               Johnny Hon, Chairman      +44 (0) 20 7073 7888

                      Rukpong Tupprasoot, COO   info@gegplc.com

Atlantic Law Llp      Andrew Greystoke          +44 (0) 20 7616 2888

GTH Media Relations   Toby Hall                 +44 (0) 20 7153 8039

                      Brooke Paul               +44 (0) 20 7153 8035

QED International     Dennis Dembia             +33 (0) 6 07 32 74 25