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THE SAMUEL GOLDWYN CO. ANNOUNCES EFFECTIVENESS OF 1-FOR-4 REVERSE STOCK SPLIT

 LOS ANGELES, May 25 /PRNewswire/ -- The Samuel Goldwyn Co. (AMEX: SG) announced today that pursuant to a Consent Statement dated May 3, 1993, its stockholders have approved a 1-for-4 reverse stock split of the common stock of the company and that such reverse stock split is effective today. In connection therewith, the number of authorized shares of common stock of the company has been decreased from 50,000,000 to 15,000,000, the number of authorized shares of preferred stock has been decreased from 10,000,000 to 3,000,000, and the par value of both the common stock and preferred stock has been increased from $0.05 to $0.20 per share. Giving effect to the reverse stock split, the company currently has approximately 5,950,000 shares of common stock outstanding, excluding shares held in treasury. No shares of preferred stock are outstanding.
 Pursuant to the reverse stock split, the stockholders will receive one share of common stock in exchange for each four shares they own. Each stockholder of record at the close of business on May 25, 1993, will be requested to exchange their certificates representing shares of common stock held prior to that date for new certificates representing shares of common stock issued as a result of the reverse stock split. Stockholders will be furnished the necessary materials and instructions to effect such exchange by the company's transfer agent. Stockholders should not destroy their existing certificates or mail them to the company until they receive the necessary materials and instructions.
 The Samuel Goldwyn Co. is a diversified independent entertainment company engaged in the production and worldwide distribution of motion pictures and television programming and in theatrical exhibition.
 -0- 5/25/93
 /CONTACT: Hans Turner, CFO of The Samuel Goldwyn Co., 310-552-2255/
 (SG)


CO: The Samuel Goldwyn Co. ST: California IN: ENT SU:

JL-LS -- LA036 -- 2359 05/25/93 17:50 EDT
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Publication:PR Newswire
Date:May 25, 1993
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