Mr. Charles Spackman reports

SPACKMAN EQUITIES GROUP REPORTS RECORD PROFIT FOR THIRD QUARTER 2014

Spackman Equities Group Inc. has released its financial results for the third quarter and the nine months ended Sept. 30, 2014.

For the third quarter ended Sept. 30, 2014, revenue was $38.6-million, and for the nine months ended Sept. 30, 2014, revenue was $38.7-million. The revenue for both the three- and nine-month periods ended Sept. 30, 2014, are records for the company and reflect the increase in value of the company's 39.1-per-cent stake in Spackman Entertainment Group Ltd. (SEGL), resulting from its initial public offering and listing on the Catalist of the Singapore Exchange during the third quarter.

For the third quarter ended Sept. 30, 2014, the company recorded a gain of $36.8-million or 25 cents per share, and for the nine months ended Sept. 30, 2014, the company recorded a gain of $36.3-million or 24 cents per share.

At Sept. 30, 2014, SEGI had $2.2-million or 1.5 cents per share in cash or cash equivalents, and marketable securities.

Commenting on the third quarter results, Charles Spackman, the chairman and chief executive officer of SEGI, said: "We are pleased to report a record profit for Spackman Equities Group Inc. primarily derived from the significant increase in the value of our investment in Spackman Entertainment Group Ltd., which successfully listed on the Catalist of the Singapore Exchange on July 22, 2014.

"The company owns 39.1 per cent of SEGL, and based on the most recent closing price of SEGL's shares of 25 Singaporean cents, the market value of the company's stake in SEGL is $38.7-million (Singaporean) ($33.6-million) or 22.5 cents per SEGI share."

The financial statements for the three and nine months ended Sept. 30, 2014, reflect a change in accounting treatment resulting from the adoption by the company effective Jan. 1, 2014, of the investment entity amendment to IFRS 10. The company is now presented as an investment entity, and its investment in SEGL is recorded at fair value.

The complete financial statements for the three and nine months ended Sept. 30, 2014, including management's discussion and analysis of the results, are posted on SEGI's website and are also available on SEDAR.

The company is also pleased to report the appointment of Douglas R. Babcook as a director effective immediately. Mr. Babcook fills an existing vacancy on the board.

Selected highlights of the third quarter and subsequent events:

• On July 11, 2014, SEGL registered its offer document and launched its IPO in Singapore.
• On July 18, 2014, the IPO placement was fully placed and closed, and SEGL sold 69.44 million shares, comprising 50 million new shares and 19.44 million existing shares at 26 Singaporean cents (22 cents) per share, raising gross proceeds of $18.1-million (Singaporean) ($15.8-million).
• On July 22, 2014, the shares of SEGL commenced trading on the Catalist of the Singapore Exchange under the symbol 40E. The company owns 154.62 million shares or 39.1 per cent of SEGL.
• On July 30, 2014, the company granted stock options to five directors of the company to acquire up to an aggregate of 8,745,000 common shares of SEGI under the company's stock option plan. The stock options are exercisable at a price of 13.5 cents per share, and expire five years from the date of grant or earlier in accordance with the plan.

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