Results of EGM and Placing

RNS Number:2606P
Maverick Entertainment Group PLC
25 July 2005

25 July 2005
                        Maverick Entertainment Group plc

                           Results of EGM and Placing

Maverick Entertainment Group plc ("the Company"), the AIM listed company
specialising in the creation, acquisition and development of IPR in children's
films, television programmes, characters and related entertainment products
announces that the resolution at today's EGM was duly passed.

The Company also is pleased to announce that it has raised #137,500 through a
placing of 55,000,000 new ordinary shares at 0.25p per share ("Placing Shares").
This will provide the Company with additional working capital.

Application has today been made for the admission of the Placing Shares to
trading on AIM. The Placing Shares will rank pari passu with the existing
ordinary shares of the Company. Dealings in the Placing Shares are expected to
commence on Friday 29 July 2005.

For further information please contact:

Mike Diprose/Sookra Raveendran     Lulu Bridges               Mark Percy
Maverick Entertainment Group PLC   Tavistock Communications   Seymour Pierce
Tel: 01844 260 858                 Tel: 020 7920 3150         Tel: 020 7107 8000
Email:                             Email:
info@maverickentertainment.co.uk   lbridges@tavistock.co.uk



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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