Result of Placing

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Entertainment One Ltd.

Result of Placing

Entertainment One Ltd. (LSE:ETO) is pleased to announce that the proposed Placing announced on 25 February 2011 was more than two times oversubscribed, and has been successfully completed with a greater number of shares placed at a higher price than originally anticipated.

Due to the high demand, the Group has had 10 million shares placed ("Placing Shares") by Cenkos Securities at a price of 160 pence per share ("Placing Price"), representing a 6% premium to the closing price on 8 March 2011. Based upon the Placing Price, the gross proceeds of the Placing will be approximately £16 million, and represent 5.6% of the Company's existing issued share capital.

The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the other common shares of the Company.

An application has been made to the UK Listing Authority and to the London Stock Exchange for the Placing Shares to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings will commence at 8.00 a.m. on 15 March 2011.

Commenting, Darren Throop, CEO of Entertainment One, said:

"The Board is delighted with the support that eOne has received from its shareholders. This support is truly a testament to the strength of the Group and the opportunities available to it going forward.

"eOne has cemented its position as a leading independent entertainment business and this placing will enable the Group to build on its strong foundations, allowing the Board to further drive shareholder value through earnings enhancing acquisitions and other strategic initiatives."

- Ends - 

Notes to Editors:

Entertainment One Ltd. (LSE:ETO) is a leading international entertainment company that specializes in the acquisition, production and distribution of film and television content. The company's comprehensive network extends around the globe including Canada, the U.S., the UK, Ireland, Benelux, France, Germany, Scandinavia, Australia, New Zealand and South Africa. 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.

Further information is available at www.entertainmentonegroup.com or email Redleaf at [email protected] 

This announcement has been issued by and is the sole responsibility of the Company.

The distribution of this announcement into jurisdictions other than the UK may be restricted by law. Persons into whose possession this announcement comes should inform themselves of and observe any such restrictions.

This announcement is for information purposes only and is not intended to and does not constitute or form any part of any offer or invitation to subscribe for, purchase or otherwise acquire any securities.

Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.