Update

RNS Number:1500G
Maverick Entertainment Group PLC
23 October 2007


         Maverick Entertainment Group plc ("the Company" or "Maverick")
                                        
                                     Update

Further to the announcement made on 2 July 2007, the Company wishes to update
the market, in particular in relation to the progress in its discussions to
acquire an international media business. This business, whose founders have
extensive experience in the media sector, is focused on creating and exploiting
intellectual property (animation and live-action) for the children and family
entertainment market.

Subject to, inter alia, satisfactory completion of due diligence, formal
agreement on terms of the acquisition and putting the necessary financing in
place, the acquisition would be a reverse takeover under the AIM Rules and
therefore require shareholder approval. Whilst no guarantee can be given that
the acquisition can be successfully completed, the board believes that good
progress has been made and that the acquisition offers an attractive opportunity
for Maverick as well as enabling the Company to bring its reporting requirements
under the AIM Rules for Companies up to date and seek re-admission of its shares
to trading on the AIM market.

A further announcement will be made in due course.

Enquiries:

Seymour Pierce Limited

Mark Percy                                        020 7107 8000


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