New contracts announced

6 October 2014

Galasys PLC

("Galasys" or "The Group")

Galasys secures Enchanted Kingdom in the Philippines and Window of the World in China

Galasys PLC, a leading provider of ticketing systems and solutions to the fast growing theme park industry in Asia, is pleased to announce new contract wins with a total value of approximately £217,000, at current exchange rates.

These contracts have been awarded by the Enchanted Kingdom in Laguna (Philippines), the country's first and only world-class theme park and from the OCT group for its Window of the World theme park in Shenzhen (China), one of the oldest iconic theme parks in China.

SOUTH EAST ASIA

Enchanted Kingdom in the Philippines ("Enchanted Kingdom")

Enchanted Kingdom was opened on 19th October, 2005. Despite the growing competition from other amusement parks and attractions, it has continued to grow and exceeded the 2-million per annum visitor mark in 2012. According to its management, there are plans to double the current park size over the next three to five years, which include the construction of hotels, to transform Enchanted Kingdom into an integrated theme park.

Enchanted Kingdom has 16 rides and boasts 7 meticulously themed zones. In 2011, Enchanted Kingdom formally launched The Enchanting Events Place, Laguna's biggest venue featuring a spectacular street level event space with a total usable floor area of 2,000 square meters. The chairman and president of Enchanted Kingdom, Mr. Mario O. Mamon is the 2014 International Association of Amusement Parks and Attractions (IAAPA) Chairman of the Board. He is the first Asian to head this international association.

Terms of the Contract with Enchanted Kingdom

This contract is the first for the Group in the Philippines. Galasys will provide Galasys GSET Ticketing and GPOS point-of-sales front-end to Enchanted Kingdom. The total value of the project is USD180,000 (c. £111,000) and from the 2nd year onwards, an annual maintenance contract valued at USD40,000 (c. £24,666)

CHINA

Window of the World in Shenzhen, China ("Window of the World")

The Window of the World is a large-scale cultural tourist attraction site located in Overseas Chinese Town, Nanshan District of Shenzhen, China which attracted more than 3.2 million visitors in 2013. Covering an area of 480,000 square meters, it was jointly established in 1994 by the Hong Kong China Traveling Service Group and the OCT group with an investment of RMB 6.5 billion (c. £646 million).

In total, it has about 130 replicas of some of the most famous tourist attractions in the world. Amongst the world-renowned attractions are the 108 metre tall Eiffel Tower and the Pyramids as well as Taj Mahal, all in proximity to each other forming part of the appeal of this place. Other famous icons include the Roman Colosseum, Sydney's Opera House, the Niagara Falls and the Grand Canyon.

Terms of the Contract with Window of the World

There are 2 contracts whereby Galasys will furnish Galasys GSET Ticketing system and Online Ticketing module. Each of the contracts has a tenure of 5 years, with a total combined amount of RMB827,450 (c. £82,349).

Commenting on the announcement, Mr. Seah, Chief Executive of Galasys, said:

"We are delighted in securing the contract with Enchanted Kingdom as it represents our first foray into the Philippines market and a significant win for Galasys, it being the only world class theme park in the country. We have demonstrated technical merit and won the confidence from the Enchanted Kingdom's owners and management team to replace their existing ticketing system supplied by an international ticketing system competitor. The market for theme parks in the Philippines has strong growth prospects and this contract will provide an excellent platform to secure further contracts in the future. On the back of this, we expect further momentum as Galasys continues to expand its market coverage into other South East Asia countries.

The OCT group is one of the Group's key loyal clients and their confidence in our technology and services is reflected by our success in winning this contract from another international ticketing system competitor in the global market.

These two contract wins give the Board confidence in Galasys' plans for growth and in our ability to make further market-share gains in the amusement park ticketing space."

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About Galasys

www.galasystec.com

Galasys is a leading integrated and modular amusement park solutions and services provider to premier amusement parks in China and South East Asia. Through its proprietary systems, the Group provides amusement park operators with the ability to sell, manage and analyse tickets, visitors, merchandise sales and other amusement park operations. It has been operating since 2005 and supplies solutions and services to 87 amusement parks in China and South East Asia. The Group has invested more than 50 man-years in R&D and owns the intellectual properties to its software and systems.

The Group's first ticketing management system contract was awarded in 2005 by Chime Long Group. The Group currently employs 77 members of staff and exclusively retains an additional 48 research and development staff provided by third party developers.