Earn-out and Share Options

RNS Number:6004Y
DIC Entertainment Holdings, Inc.
19 June 2007



                        DIC Entertainment Holdings, Inc

             Completion of earn-out and repricing of share options


(London, 19th June 2007) DIC Entertainment plc (the "Company") today announces
that Copyright Promotions Licensing Group ("CPLG"), the pan-European licensing
agency acquired by the Company in June 2006, has performed strongly and has
achieved its 2006 earn-out targets under which additional consideration in the
form of cash and shares are paid to former CPLG equity holders.

Accordingly application will be made for the admission to trading on AIM of
445,700 new ordinary shares which have been issued to the former CPLG equity
holders. Admission is expected to occur by June 22nd. In addition to the share
element of the earn-out a total of #231,600 in cash has also been paid.


CPLG represents brands of world-renowned entertainment and sports companies,
such as DreamWorks Animation, The FA, Marvel, MGM, Sony, 20th Century Fox and
Viacom. The company has created licensing programs across Europe for
high-profile brands including Shrek, The Simpsons, Spider-Man, Star Trek, Pink
Panther, Peanuts, Strawberry Shortcake, Dora the Explorer and Care Bears. CPLG
provides such services on a global scale operating through its network of seven
European offices.


In addition the Company today also announces that following a recommendation
from the Board's Remuneration Committee and after consultation with its major
institutional shareholders the Company has today repriced 1,798,512 share
options currently awarded to employees. The repricing sets a new option exercise
price of $2.09, that being the share price at the close of business on 18 June
2007, the date the recommendation received Board approval. The option repricing
includes share options awarded to Jeffrey Edell, President and Chief Operating
Officer of the Company. Mr. Edell was granted 1,300,000 share options at an
exercise price of $4.80US when he joined the Company in June 2006.

The share option repricing is part of a wider compensation plan that the
Remuneration Committee and Board of Directors have been working on and which
includes a proposal to increase the stock option pool by a further 2,000,000
shares (representing 9.13 % of the fully diluted share capital, if exercised),
approval for which will be sought from shareholders at the next AGM.

The Board believes that these adjustments will introduce a robust compensation
and incentivisation framework for the business designed to reward achievement,
secure continuity of service by key executives and attract top talent.


Ends








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