Corgi International Limited Announces That Two of Its Wholly Owned United Kingdom...

Corgi International Limited Announces That Two of Its Wholly Owned United Kingdom Subsidiaries Have Been Placed into Administration

HONG KONG--(Business Wire)--
Corgi International Limited (Nasdaq GM:CRGI) today announced that
two of its wholly owned subsidiaries, Popco Entertainment (UK) Limited
(formerly Corgi Classics Limited) and Popco Distribution Limited
(formerly Cards Inc.), both United Kingdom (UK) corporations, have
been placed into administration, which is the rough equivalent to
Chapter 11 reorganization in the United States. BDO Stoy Hayward LLP,
Prospect Place, 85 Great North Road, Hatfield, Hertfordshire, AL9 5BS,
have been appointed Joint Administrators of PopCo Entertainment (UK)
Limited and of PopCo Distribution Limited. The business and assets of
the UK companies are now managed by the Joint Administrators who act
as agents of the companies.

Corgi International Limited will continue to sell its products
worldwide through their operations in Hong Kong and the United States.

About Corgi International

Corgi International Limited is a global Pop Culture company, which
develops and markets innovative and high-quality licensed and
non-licensed toys, gifts and collectables distributed via direct,
specialty, hobby, collector and mass retail channels worldwide.
Marketed under the brand names Master Replicas, PopCo and H2go, the
Company's line of products range from premium entertainment prop
replicas and limited edition memorabilia to traditional toys and gift
merchandise.

The Company holds varying licenses for many of entertainment's
highest grossing franchises including Disney Classics, Harry Potter,
Star Trek, Nintendo, Halo and The Beatles, amongst others. Corgi
International Limited also has partnerships with cutting edge
technology innovators around the world.

The Company is headquartered in Hong Kong, with operations in
Walnut Creek, California, USA.

"Safe Harbor" Statement under the U.S. Private Securities
Litigation Reform Act of 1995: Certain statements contained in this
press release may be forward-looking. These statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those anticipated. Such risks and uncertainties
include, without limitation, changes in market demand for Corgi
International products, changes in economic conditions, dependence on
certain customers and licensing partners, and other risks described in
the Company's annual report on Form 20-F for the fiscal year ended
March 31, 2008. The Company undertakes no obligation to update these
forward-looking statements to reflect subsequent events or
circumstances.

For Corgi International Limited
Jack Lawrence, 925-979-1500 ext. 111

Copyright Business Wire 2008