31/10/2008 02:02:00

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

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 Companys

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 entertainments

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

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