Mediahouse Limited. Directors Report For The Six Months Ended March 31, 2007

Hamilton, Bermuda: September 14, 2007 -- The Board and management of MediaHouse Limited (the "Group") are pleased to report a profit of $2,995,964 for the opening six months of fiscal 2007. The positive results have been achieved by aggressive business development, strategic expansion, steady revenue growth, and expense control.

The Group's Bermuda based subsidiaries show impressive results, which ultimately justify the decision to consolidate operations on Elliott Street as well as diversify the Company through the purchase of Bermuda.com and start up of MediaHouse ASP. The increased diversification in revenue channels compliments the Group's commitment to building shareholder value.

Caribbean Publishing Company Limited ("CPC"), a Group subsidiary, continues to see steady revenue growth in the Caribbean directory market.

At September 30, 2006 the Board and management made the decision to change its accounting policy for the treatment of revenue related to directory sales. This conservative decision brought about a shift in the timing of revenue recognition and has resulted in additional directory revenue being recognized in the opening six months of the current fiscal year versus the closing six months of the current fiscal year. As noted at September 30, 2006, the Board and management have determined that this revised accounting policy provides increased reliability and more relevant information to the financial statement users.

The Board is pleased with the Group's success in the opening six months of fiscal 2007. On behalf of the Board and management, I would like to thank our company members for their commitment to the Group's success.

Randy French, President and Chief Executive Officer

MediaHouse Limited