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 http://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

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