• Korean actor-singer IU joins top leading cast
  comprising Song Kang-ho, Gang Dong-won and Bae Doona in BROKER, which is to be produced by the Group's
  indirect wholly-owned subsidiary, Zip Cinema
• To be directed by celebrated Japanese film
  director, Kore-eda Hirokazu, who won the 2018 Palme d'Or at the Cannes Film
  Festival for his film SHOPLIFTERS, BROKER
  will be his first ever Korean production
• Screenplay works for BROKER
  is on-going and the movie is scheduled to commence filming this year

SINGAPORE -�Media OutReach�-�2
February 2021 -�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, wishes to announce that top popular Korean actor-singer IU will
be joining star-studded cast comprising Song Kang-ho, Gang Dong-won and Bae
Doona in the Group's next major film, BROKER (working title). BROKER shall
be produced by the Company's indirect wholly-owned subsidiary, Zip Cinema Co.,
Ltd. ("Zip Cinema"), following its film #ALIVE.

Previously, Zip Cinema's most
recent film, #ALIVE, was the number one Asian film on Netflix in the
U.S. last year.� #ALIVE previously
crossed the 1 million ticket sales within five days of its theatrical release
and maintained its #1 position at the Korean box office for three consecutive
weeks.

BROKER will star popular
Korean actor-singer IU of HOTEL DEL LUNA (2019), MY MISTER (2018)
& THE PRODUCERS (2015), and top Korean actors namely, Song Kang-ho of Oscar-winning PARASITE
(2019) & SNOWPIERCER (produced by the Group & released in
2013), Gang Dong-won of PENINSULA (2020), MASTER (produced by the
Group & released in 2016) & THE PRIESTS (produced by the Group
& released in 2015), and Bae Doona of KINGDOM (2019) & STRANGER
(2017).

To be distributed
and invested by CJ ENM, BROKER is directed by celebrated Japanese film director, Kore-eda
Hirokazu, who won the Palme d'Or at the Cannes Film Festival for SHOPLIFTERS
(2018) and the Cannes Jury Prize for LIKE FATHER, LIKE SON
(2013).

BROKER
relates the story of individuals whose lives become
intertwined around a mysterious 'Baby Box', which is a box designed to allow
people, who are unable to raise children, to deposit their babies anonymously.

Filming for BROKER
is scheduled to commence this year and screenplay works
of the film is currently in progress.

With the upcoming film, BROKER,
Zip Cinema is aiming to produce its fourth consecutive commercially successful
film, following #ALIVE (2020), CRAZY ROMANCE (2019) and DEFAULT
(2018).

About Spackman Entertainment Group Limited

Spackman Entertainment Group
Limited ("SEGL" or the "Company"), and together with its
subsidiaries, (the "Group"), founded
in 2011 by Charles Spackman, is one of Korea's leading entertainment production
groups. SEGL is primarily engaged in the independent development, production,
presentation, and financing of theatrical motion pictures in Korea. According
to Variety, Korea was the world's fourth largest box office market in 2019,
behind only North America, China and Japan.

The
Group also invests into and produces Korean television dramas. In addition to
our content business, we also own equity stakes in entertainment-related
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.

Production Labels

SEGL's wholly-owned 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 10 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 CRAZY ROMANCE (2019), DEFAULT (2018), 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 79 films
(58 Korean and 21 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, 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. For more
information on Novus Mediacorp, do visit�
http://novusmediacorp.com� �

The Company owns a 100% equity interest
in Simplex Films Limited ("Simplex Films") which is an early stage film
production firm. Simplex Films has the following films in the pipeline namely, A
BOLT FROM THE BLUE, IRREVOCABLE PROMISE and OUR SUPERSTAR K.

The
Company owns a 100% equity interest Take Pictures Pte. Ltd. ("Take Pictures") which has a line-up of several films including STONE SKIPPING,
GUARDIAN (working title) and the co-production with Zip Cinema for THE PRIESTS 2.

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.

The Company owns a 20% equity
interest in The Makers Studio Co. Ltd., which plans to produce and release four
upcoming films, the first of which will be THE ISLAND OF THE GHOST'S WAIL,
a comedy horror film.

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
online streaming, 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.

Talent Representation

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 MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko
Sung-hee), UAA&CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone
K Inc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Son Suk-ku), and Kook
Entertainment Co., Ltd. (Kim Sang-kyung, Kim Ji-young). 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 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.

Strategic Businesses

�

The
Company 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 ITAEWON
CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982
(2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019).�

Previously, Frame Pictures was
also involved in GIRL COPS (2018), MALMOI (2018), SUITS (2018),
MISTRESS (2018), LIFE (2018), LIVE (2018), MONEY FLOWER
(2017), SWEET REVENGE (2017), BAD GUYS 2 (2017), THE
LEGEND OF THE BLUE SEA (2016) and VETERAN (2015).

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.

For more details, do visit http://www.spackmanentertainmentgroup.com/ �