• The Group's wholly-owned
  subsidiary, Frame Pictures, a leading movie/drama equipment leasing player in
  Korea, shall supply camera systems and equipment for three upcoming Korean
  drama series, FOUR MEN, ASADAL CHRONICLES and THE CROWNED CLOWN
• Frame Pictures continues to win bids for top quality projects to tap on the growing
  camera equipment leasing markets ahead of its planned listing as a combined
  standalone entity with Novus Mediacorp

�

SINGAPORE
-�Media OutReach�-�6 December 2018�-�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 its wholly-owned subsidiary, Frame Pictures
Co., Ltd. ("Frame Pictures"), has
secured three major contracts to supply camera and equipment for three upcoming
Korean drama series, FOUR MEN, ASADAL CHRONICLES and THE MAN
WHO BECAME KING.

�

The total
contract value for the three camera equipment deals tentatively stands at KRW
972 million (approximately US$872,924[1]) subject
to changes in final filming schedule.

�

FOUR MEN, starring
Park Hae-jin of CHEESE IN THE TRAP
(2017), is a mystery human TV drama about a man who investigates the death of
his mother, during which he meets other men who look identical to him and
becomes involved in a major conspiracy.

�

Featuring Song Joong-ki of DESCENDANTS OF THE SUN (2016) and Jang Dong-gun of SUITS (2018), ASADAL CHRONICLES is a TV drama that revolves around the power struggles,
love and growth of the ancient city of Asadal, the capital of Gojoseon. The
drama is expected to be released in 2019 by South Korean cable television
channel tvN.

�

THE CROWNED CLOWN,
which stars Yeo Jin-goo of REUNITED
WORLDS (2017), is a historical romance melodrama TV drama that is a tvN
remake of the popular Korean movie MASQUERADE
(2012) headlined by Lee Byung-hun. The drama tells the story of a commoner
who becomes king and realizes how much it takes to be a good king. THE CROWNED CLOWN is expected to be
released in January 2019.

In August 2018, Frame Pictures secured four major
camera equipment deals for Korean film GIRL
COPS and three Korean dramas namely, THE
GREATEST DIVORCE, THE BEAUTY INSIDE
and HUNDRED MILLION STARS FROM THE SKY.
The total contract value for the four camera equipment deals tentatively stands
at KRW 573 million (approximately US$0.5 million) subject to changes in final
filming schedule. During April, May and June 2018, Frame Pictures won contracts
to supply camera systems and equipment for major Korean drama series namely, LIVE, MY MISTER, SUITS, MISTRESS, LIFE, THE GUESTS, LOVELY HORRIBLY and historical Korean
film MALMOI, with a total contract
value of KRW1.8 billion (approximately US$1.6 million).�

�

Frame
Pictures shall continue to win bids for top
quality projects to tap on the growing camera equipment leasing markets ahead
of its planned listing as a combined standalone entity with Novus Mediacorp, a post-theatrical distributor.
�

�

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/