MEGA Brands comments on TSX listing review - Shares continue to trade in the ordinary course



    MONTREAL, Aug. 13 /CNW Telbec/ - As announced on August 11, 2008 MEGA
Brands Inc. (TSX: MB) stated its plan to issue $75 million of convertible
debentures to an investor group led by Fairfax Financial Holdings Ltd. As part
of this financing, the Corporation has applied to the Toronto Stock Exchange
("TSX") for and expects to obtain an exemption from the requirement to seek
shareholder approval. This request for exemption resulted in the standard TSX
continued listing review procedure. The Corporation expects that when the
convertible debenture issuance is completed, on or around August 19, 2008, the
Corporation will continue to meet the TSX continued listing requirements.

    About MEGA Brands

    MEGA Brands is a trusted family of leading global brands in construction
toys, games & puzzles, arts & crafts and stationery. They offer engaging
creative experiences for children and families through innovative,
well-designed, affordable and high-quality products that deliver on our
Creativity to the Rescue promise. Visit http://www.megabrands.com for more
information.
    The MEGA logo, Creativity to the Rescue, Mega Bloks, Rose Art, MagNext
and Board Dudes are trademarks of MEGA Brands Inc. or its affiliates.

    Forward-Looking Statements

    All statements in this press release that do not directly and exclusively
relate to historical facts constitute "forward-looking statements". These
statements represent the Corporation's intentions, plans, expectations and
beliefs. In certain instances, these statements require us to make assumptions
and there is significant risk that these assumptions may not be correct.
Furthermore, these statements are subject to risks, uncertainties and other
factors, many of which are beyond the Corporation's control. The Corporation
disclaims any intention or obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, other than as required by applicable legislation. Readers
are cautioned not to place undue reliance on these forward-looking statements.
More information about the risks that could cause our actual results to
significantly differ from our current expectations can be found in the "Risks
and Uncertainties" section of our 2007 annual MD&A and Q1 2008 MD&A.




For further information:

For further information: Eric Phaneuf, Vice-President Corporate
Development, MEGA Brands, (514) 333-5555, ext. 2538, ephaneuf@megabrands.com;
Harold Chizick, Director Corporate Communication, MEGA Brands, (514) 333-5555,
ext. 2338, hchizick@megabrands.com

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MEGA Brands Inc.

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