Flyff Online Licensed for Operation in

Tokyo, – March 12, 2009 – Gala Inc. today announced that Aeonsoft Inc., Seoulbased subsidiary of Gala Inc., and VDCNet 2E (based in Hanoi, Vietnam), signed a licensing agreement for the operation of the online game Flyff Online.

1. Overview of the Vietnam Service VDCNet2E is a subsidiary of the Vietnam Data Communications Company (VDC), a stateaffiliated telecommunications provider. VDCNet2E is the operator of Vietnam's largest online games portal, which has a membership of 2.3 million and whose max CCU averages about 10,000. By partnering with VDCNet2E, Gala seeks to expand its services further.

Overview of VDCNet2E Company name VDCNet2E Address Nhà D7, Lô A/D6, Nguyn Phong Sc kéo dài, Phưng Dch Vng, Q.Cu Giy, Hà Ni, Vietnam Established 2005 Number of employees 120 General Manager Ngo Long Business domain Operation of online games, operation of mobile interactive television services

2. Overview of Flyff Online Flyff is the first fantasythemed massively multiplayer online roleplaying game to feature a freeform flying system. Cute characters and a casual atmosphere make the game friendly to gamers of all ages and genders. Flyff is currently provided for audiences in eleven countries, namely , Japan, the United States, , Germany, France, , the , Chili, , and Hong Kong. Vietnam will be the twelfth.

◆◆◆Regions in which "Flyff Online" is operated Country Operator 1 Korea Aeonsoft Inc. 2 Thailand INI3 Digital Co., Ltd 3 Japan Excite Japan Co., Ltd 4 U.S. Gala-Net Inc. 5 Philippines Level Up! Inc.

6 Taiwan MacroWell Technology Co. Ltd. 7 Germany Gala Networks Ltd. 8 France Gala Networks Europe Ltd. 9 Chile Zoomby Networks S.A. 10 Hong Kong UR GAME INTERNATIONAL Ltd. NetEase.com.Inc / Guangzhou NetEase Computer System 11 China Co. Ltd 12 Vietnam VDC-Net2E

3. Date of contract Date signed: March 9, 2009 Term of contract: 3 years

4.Future efforts in the online games business The Gala Group will continue to strive to expand its online businesses in order to provide superior games to users around the world.

Contact: Akiko Kokado Office of Group Strategy, Gala Inc. Address: Shibuya Prestage 3F, 31222 Shibuya, Shibuyaku, Tokyo, Japan 1500002 TEL: 0357780324 (+81357780324 from overseas) FAX: 0357780340 (+81357780340 from overseas) email: [email protected]

Disclaimer: This summarized translation is provided for convenience only. In the event of any discrepancy with the Japanese original, the original shall prevail.