Cayman Court Scheme Effective

Entertainment One Ltd.

Cayman Court Scheme Effective

Further to the announcement of 9 July 2010, Entertainment One Ltd. ("the Company" or "the Group") is pleased to announce that the scheme of arrangement approved by shareholders on 28 June 2010 and sanctioned by the Cayman Court on 9 July 2010 is unconditional and became effective at 5pm BST today.

As a result, the place of incorporation of the ultimate parent holding company of the Group has changed from the Cayman Islands to Canada. In addition, 151,926,963 ordinary shares and 15,620,395 Class S shares of the Company, representing 100 per cent of the Company's issued share capital have been exchanged for an equal number of common shares (being 167,547,358 common shares) of Entertainment One Ltd., a newly incorporated Canadian company ("Entertainment One Canada").

The Company also announces that from 8am BST tomorrow (15 July 2010) the same 167,547,358 common shares, representing 100 per cent of Entertainment One Canada's issued share capital, will be admitted to a standard listing on the Official List and to trading on the London Stock Exchange's main market for listed securities, and at the same time, the Company's admission to trading on AIM will be cancelled.

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For further information, please contact:

Redleaf Communications

Emma Kane / Rebecca Sanders-Hewitt

Tel: +44 (0)20 7566 6700

Email: [email protected]

Entertainment One

Giles Willits (CFO)

Tel: +44 (0)20 7907 3783

Email: [email protected]

Singer Capital Markets Limited Cenkos Securities PLC

(Nomad and Joint Broker) (Joint Broker)

James Maxwell / Richard Savage Stephen Keys / Beth McKiernan

Tel: +44 (0)20 3205 7500 Tel: +44 (0)20 7397 8926

About Entertainment One

Entertainment One (AIM: ETO) is a leading international independent entertainment group of companies that specialises in the acquisition, production and distribution of film and television content. The Group's comprehensive network extends around the globe including the UK, Canada, the U.S., Ireland, the Benelux, France, Australia and New Zealand. Through established Entertainment and Distribution divisions, the company provides extensive expertise in film distribution, television and music production, kids programming and merchandising and licensing. Its current rights library is exploited across all media formats and includes more than 20,000 film and television titles, 2,400 hours of television programming and 45,000 music tracks.