RNS Number : 1774O Coolabi PLC 03 March 2009

Coolabi plc ('Coolabi' or the 'Company')

Appointment of New Non-Executive Director Coolabi plc (COO:L), the AIM-listed media company focused on the ownership and creative management of high quality intellectual property rights is pleased to announce the appointment of Mr Nicholas James Williams, known as Nicholas James, as a Non-Executive Director with immediate effect.

Nicholas James aged 57, was previously CEO of Chorion plc, one of the UK's leading intellectual property groups, until July 2007. Nicholas divides his time between the UK and Hong Kong and consults for companies in both of these territories and in China.

William Harris, Chairman of Coolabi said:

"Nick is a great addition to the Board. He has vast experience in the acquisition, creative development, management and exploitation of intellectual property assets and this will be invaluable to Coolabi as we continue to progress our acquisition strategy and accelerate the growth of the Company."

Nicholas James said: "I am delighted to be joining Coolabi. I believe that the IP sector presents many acquisition and growth opportunities across a broad range of IP and that Coolabi is ideally placed to grow into a major UK based player in IP ownership and management over the next few years. I am really looking forward to working with the rest of the Board to help the company achieve this aim."

Mr James's current and past directorships are as follows:-

Current Great Britain Surgery Media Systems Limited

Current Non-Great Britain Onca Inc. Content Inc. Plug Music (HK) Limited

Past Great Britain Chorion and associated companies:

Planet Acquisitions Limited Chorion Limited Chorion PLC Chorion (IP) Limited Enid Blyton Limited BE Distribution Limited Agatha Christie Limited Intellectual Rights Management Limited Liontrack Limited Rights Limited Robert Bolt (1973) Limited Enid Blyton (Asia) Pte. Ltd Enid Blyton Asia (Marketing) Limited Georges Simenon Limited Raymond Chandler Limited Mr. Men Limited

Others:

IGM PLC

Past Non-Great Britain Chorion and associated companies:

Chorion Silver Lining Inc. (USA) Chorion Japan Limited No further information falls to be disclosed as required by Schedule 2(g) of the AIM rules Ends Enquiries:

Jeremy Banks, Chief Executive, Coolabi plc: 020...

Tom Price, Bobbie Hilliam, Evolution Securities: 020...

Verity Williams, Portland, PR for Coolabi: 020... / 078... verity.williams@portlandpr.co.uk

About Coolabi plc:

Coolabi plc is an AIM-listed media group focused on the ownership, development, production and creative management of high quality intellectual property assets and their global exploitation through licensing and merchandising and distribution.

The group owns or controls the intellectual property rights to international brands including Purple Ronnie and Scarlett and Crimson, as well as selected rights to properties such as the Hammer House of Horror. Coolabi is also responsible for a variety of hit TV shows including The Large Family for CBBC.

In October 2008 Coolabi acquired Licensing By Design Ltd, a privately owned company representing the licensing and merchandising rights for Bagpuss, the Clangers and Ivor the Engine.

Coolabi is actively looking to increase the number and range of intellectual property assets that it owns, develops and manages. Whilst a proportion of this growth will come from the development of Coolabi's existing development slate, the majority will be as a result of the group's acquisition strategy.

http://www.coolabi.com

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

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