Seven Arts Pictures plc

December 18, 2008 10:11 ET

Exercise of Options & Issue of Equity

                                      SEVEN ARTS PICTURES PLC
                                  ("Seven Arts" or "the Company")
                               Exercise of Options & Issue of Equity
Seven Arts Pictures Plc (PLUS: SAPP and OTCBB: SAPXF), the PLUS-quoted feature films producer  and
distributor, announces that, following receipt of notices of exercise options, options  have  been
exercised in respect of 50,000 Ordinary Shares of 5p par value in the capital of the Company.  The
share options were issued at 20.5p, resulting in £10,250 being received by the Company.

Application has been made for 50,000 Ordinary Shares to be admitted to trading on the PLUS  market
and  dealings are expected to commence on 24 December 2008. The shares will rank pari  passu  with
the existing shares in issue.

As  a  result, Seven Arts' issued share capital will comprise 34,466,500 Ordinary Shares of common
stock  of  par  value 5 pence each. All of these Ordinary Shares carry voting  rights.  The  above
figure  may  be  used by shareholders as the denominator for the calculations by which  they  will
determine if they are required to notify their interest in, or change to their interest in,  Seven
Arts under the FSA's Disclosure and Transparency Rules.

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The Directors of the Issuer accept responsibility for this announcement.

For further information please contact:

Seven Arts Pictures plc US contact:
Peter Hoffman                                         Tel:  +1-323-692-5010

Seven Arts Pictures plc UK contact:
Elaine New, Finance Director                          Tel: +44 (0) 20 3006 8222

Corporate Adviser & Broker
Daniel Stewart & Co Plc
Stewart Dick                                          Tel: + 44 (0) 20 7776 6550

About Seven Arts:

Seven  Arts  Pictures  plc  was founded in 2002 as an independent motion  picture  production  and
distribution company engaged in the development, acquisition, financing, production, and licensing
of  theatrical motion pictures for exhibition in domestic (i.e. the United States and Canada)  and
foreign  theatrical  markets,  and  for subsequent worldwide release  in  other  forms  of  media,
including home video and pay and free television.

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