• CRAZY ROMANCE, a romantic comedy film starring Kim Rae-won and Gong Hyo-jin, is
  produced by the Group's indirect wholly-owned subsidiary, Zip Cinema
• The film has commenced filming on 7 January 2018 and
  is expected to premiere in Korea in 2019 �

�

SINGAPORE -�Media OutReach�- 9 January 2019�-�Spackman Entertainment
Group Limited ("Spackman Entertainment Group" or the "Company"
and together with its subsidiaries, the "Group"), one of Korea's leading
entertainment production groups founded by international investor Charles
Spackman, wishes to announce that the next major film to be produced by Zip
Cinema Co., Ltd. ("Zip Cinema"), the
Company's indirect wholly-owned subsidiary, is a romantic comedy movie, with
the working title CRAZY ROMANCE. The
film began filming on 7 January 2018 and is slated to be released in �2019.

�

Starring Kim Rae-won of DOCTORS (2016) & MY
LITTLE BRIDE (2004) and Gong Hyo-jin of DON'T
DARE TO DREAM (2016) & CRUSH AND
BLUSH (2008), CRAZY ROMANCE is
Zip Cinema's upcoming film following its Korean financial crisis movie, DEFAULT, which accumulated more than 3.7
million tickets and grossed more than US$27 million at the Korean box
office.� DEFAULT is presently at the post-theatrical stage and is starting
to record online Video On Demand sales.

�

CRAZY ROMANCE is the first
commercial film made by independent film director Kim Han-gyeol. It also marks
16 years since Kim Rae-won and Gong
Hyo-jin last collaborated in Korean drama SNOWMAN.

�

The
estimated total production budget (including prints and advertising costs) for CRAZY
ROMANCE is tentatively set
at approximately KRW6.7 billion (or US$6.0 million). The film is presented and distributed
by Next Entertainment World Co., Ltd.

�

About Spackman Entertainment Group Limited

�

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

�

SEGL's
Zip Cinema Co., Ltd. ("Zip Cinema")
is one of the most recognised film production labels in Korea and has
originated and produced some of Korea's most commercially successful theatrical
films, consecutively producing 8 profitable movies since 2009 representing an
industry leading track record. Recent theatrical releases of Zip Cinema's
motion pictures include some of Korea's highest 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 Zip Cinema, do visit http://zipcine.com��

�

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

�

Our
films are theatrically distributed and released in Korea and overseas markets,
as well as for subsequent post-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 of our motion pictures into wide-theatrical
exhibition initially in Korea, and then in overseas and ancillary markets.

�

We
also operate a caf�-lounge called Upper West, in the Gangnam district of Seoul
and own a professional photography studio, noon pictures Co., Ltd..

�

The
Company holds an effective shareholding interest of 43.88% in Spackman Media
Group Limited ("SMGL"). SMGL, a
company incorporated in Hong Kong, together with its subsidiaries, is
collectively one of the largest entertainment talent agencies in Korea in terms
of the number of artists under management, including some of the top names in
the Korean entertainment industry. SMGL operates its talent management business
through renowned agencies such as MS Team Entertainment Co., Ltd., UAA & Co
Inc., Fiftyone K Inc., SBD Entertainment Inc., and Kook Entertainment Co., Ltd.
Through these full-service talent agencies in Korea, SMGL represents and guides
the professional careers of a leading roster of award-winning actors/actresses
in the practice areas of motion pictures, television, commercial endorsements,
and branded entertainment. SMGL leverages its unparalleled portfolio of artists
as a platform to develop, produce, finance and own the highest quality of
entertainment content projects, including theatrical motion pictures, variety
shows, and TV dramas. This platform also creates and derives opportunities for
SMGL to make strategic investments in development stage businesses that can
collaborate with SMGL artists. SMGL is an associated company of the Company.

�

The Group owns a 100% equity interest in Frame Pictures
Co., Ltd. ("Frame Pictures").
Frame Pictures is a leader in the movie/drama equipment leasing business in
Korea. Established in 2014, Frame Pictures has worked with over 25 top
directors and provided the camera and lighting equipment for some of Korea's
most notable drama and movie projects 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 won contracts to supply
equipment to THE BEAUTY 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 of SMGL, MISTRESS (2018), LIFE (2018), LIVE (2018) starring Lee Kwang-soo of RUNNING MAN, MY MISTER (2018) and Netflix's first Korean original production LOVE ALARM (2018). Frame Pictures and
Novus Mediacorp are currently seeking to list on the Singapore Stock Exchange.

�

The Company owns a 100% equity interest in Take Pictures
Pte. Ltd. ("Take Pictures")
which has a strong lineup of 10 film projects including STONE SKIPPING and the co-production with Zip Cinema for THE PRIESTS 2.

�

The Company owns a 100% equity interest in Constellation
Agency Pte. Ltd. ("Constellation
Agency"). Constellation Agency, which owns The P Factory Co., Ltd. ("The P Factory") and Platform Media
Group Co., Ltd. ("PMG"), is
primarily involved in the business of overseas agency for Korean artists venturing
into the overseas market. The P Factory is an innovative marketing solutions
provider specializing in event and branded content production. PMG is a talent
management agency which represents and manages the careers of major artists in
film, television, commercial endorsements, and branded entertainment.

�

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

�

On 7 May 2018, the Company announced
that it would spin-off Novus Mediacorp and Frame Pictures into a combined
entity to seek listing on the Catalist Board of the Singapore Exchange
Securities Trading Limited to exploit the growing post-theatrical and camera
equipment leasing markets. For more details, do visit http://www.spackmanentertainmentgroup.com/