Mr. Richard Lee reports

SPACKMAN EQUITIES GROUP REPORTS 2015 YEAR END RESULTS

Spackman Equities Group Inc. today released its audited financial results for the year ended Dec. 31, 2015.

Investment loss for the year ended Dec. 31, 2015, was $9,215,000, compared with income of $23.12-million for the same period one year ago.

Net loss for the year was $9,198,000, or six cents per share, compared with net profit of $17,493,000, or 12 cents per share, for fiscal 2014.

The investment loss and net loss for 2015 reflect the decrease in value of the company's 38.77-per-cent stake in Spackman Entertainment Group Ltd., which is listed on the Catalist of the Singapore Exchange.

At Dec. 31, 2015, SEGI had $22,715,000, or 15 cents per share, in cash or cash equivalents, marketable securities, and investment in shares of a public company.

The company owns 38.77 per cent of SEGL, and, based on the most recent closing price of SEGL's shares of 13.1 Singapore cents, the market value of the company's stake in SEGL is $20.3-million (Singapore) ($18.2-million), 12.5 cents per SEGI share.

Regarding the results for 2015 and the outlook for 2016, Charles Spackman, chairman and chief executive officer of the company, said: "Spackman Entertainment has announced plans to restructure its investments to dispose of Opus Pictures, which has recorded losses for the past several years. This will streamline our core operations and allow us to better focus our resources on the profitable theatrical film businesses carried out by Zip Cinema (100 per cent owned) and Novus Mediacorp (51 per cent owned).

"Our goal for our shareholders continues to be to maximize and, ultimately realize, the value of the company's core investments in the Korean film and entertainment business."

The audited financial statements for the year ended Dec. 31, 2015, and management's discussion and analysis of the results are posted on SEDAR.

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