Completion of Repurchase of Notes and Placing

Entertainment One Ltd.

Completion of Repurchase of Notes and Placing

Further to the announcement made on 21 January 2010 relating to the conditional agreement to repurchase exchangeable notes with a principal value of £14.5 million (the "Repurchase"), Entertainment One Ltd. ("E1" or the "Company") today announces the completion of the Repurchase and the placing of 19,499,400 new ordinary shares at a price of 53 pence per share to raise approximately £10.3 million (the "Placing"). Admission of the 19,499,400 new ordinary shares issued under Placing is expected to take place at 8.00 a.m. today.

Certain Directors of the Company have acquired ordinary shares as part of the Placing. The interests of Directors who acquired shares as part of the Placing are as follows:

Marwyn Value Investors LP has also acquired 6,879,504 ordinary shares as part of the Placing. Marwyn now holds 69,141,393 ordinary shares, representing 41.3% of the Company's issued share capital.

For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, following the Admission the Company's issued share capital consists of 151,572,278 ordinary shares and 15,975,080 Class S shares. The above figures may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

Notes:

Entertainment One Ltd. (AIM: ETO) is a leading independent entertainment content owner that acquires film, television and music rights and exploits these rights in all media in more than 190 countries. The company currently operates in Canada, the U.S., the UK, Holland and Belgium through its two divisions: Entertainment (comprising Television, Film and Music) and Distribution. These businesses collectively represent E1's extensive expertise in film distribution, television and music production/distribution, Kids content, Licensing and Distribution. E1's content library includes more than 4,000 feature films, 2,800 hours of original television programming and 15,000 music tracks.