Re Agreement

RNS Number:2661P
Galleon Holdings PLC
02 September 2003


For release                                                     2 September 2003

                                        
                              GALLEON HOLDINGS PLC:
            LICENSING AGREEMENT WITH CANADIAN SUNGLASSES MANUFACTURER
                                        

Galleon Holdings plc ('Galleon'), the AIM-quoted cross-media company, announces
it has signed a two-year licensing agreement with Sundog Limited ('Sundog'), a
leading Canadian producer of extreme sports eyewear, to manufacture and
distribute branded sunglasses throughout the UK.

Galleon has received an advance on the signing of the contract, which also
attracts a guaranteed minimum royalty over the term of the licence. Sundog has
been granted an option to negotiate territorial rights across Europe, Middle
East, Canada and USA.

The sunglasses will incorporate the 'UNLEASHED Fistral Freddie Surf Academy'
brand. Fistral Freddie is a principal character in Galleon's animation property,
Oggies, and was created in partnership with the British Surfing Association
(BSA), to promote the sport to children.

Sundog distributes its merchandise via a network of major high street sports
retailers throughout Europe, North America and Australia. 'UNLEASHED Fistral
Freddie Surf Academy' sunglasses are expected to be on sale in the UK around
Christmas 2003.

Jim Driscoll, Chairman of Galleon Holdings, said, "This is the second non-food
licence signed for the Oggies property. Sundog produces high quality sunglasses,
which reflect the modern, surfer-cool imagery of Galleon's animated TV series,
and appeal to surfing and other extreme-sports-related consumers."

Terry Parkes, Managing Director at Sundog Limited, said, "Oggies and The
Unleashed brand offer a ready-made platform for Sundog to expand its business
further. 'Fistral Freddie' and 'Unleashed UK' are brands that are proving
popular with young children who follow the music, media and fashions of the
surfing and extreme sports scene. We're really looking forward to developing the
range and bringing it to retail."

Sundog's glasses meet all European and North American standards for UV
filtration. Each comes in a neoprene belted hard case branded with Fistral
Freddie/UNLEASHED logo on the zip and cleaning cloth. Sundog glasses were named
'the Official Sunglasses of the British Open Golf Championship' in 2002.


ENDS

About Sundog

Sundog Eyewear is based in Calgary, Alberta, and is a supplier of sunglasses to
a wide range of retailers in North America, Europe, and Australia.

About Galleon Holdings plc:

Galleon Holdings is a content provider across platforms in multimedia broadcast
and interactive software. The Group's strategy is to build, acquire and own a
significant intellectual property rights' portfolio. The Group owns companies
with intellectual property rights in software, animation and new media. The
Galleon Holdings plc is the holding company of the Group incorporating Astro
Knights Ltd, Probe Media Ltd, Redeye PR Ltd, Clipper Media Ltd and A4 Holdings
plc. It also owns equity interests in two other companies.


For more information regarding this announcement please contact:

James Driscoll 
Chairman 
Galleon Holdings Plc 
T: [phone]  
E: [e-mail]

Paul Wooding/Natalie Johnson
MCC International
T: [phone]
M: [phone]
E: [e-mail]
W: www.mccint.com

Sam Allen
Binns & Co. PR Ltd
T: [phone]
M: [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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