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Devonshire Industries Releases Interim Six-Month Report

30 November 2007

Hamilton, Bermuda: 30 November 2007 - The Bermuda Stock Exchange (BSX) today received the following report from Devonshire Industries General Manager, Richard A. Moulder regarding the 30^th September 2007 Interim results:

Financial Highlights

	2007	2006	% Change

Net Sales	$1,850,675	$1,905,533	-2.88%
Operating Expense	$595,349	$542,284	9.79%
Net Revenue from
Operations prior to
Discounted Ops	$258,969	$299,487	-13.53%
Other Income	$31,201	$36,500	-14.52%
Net Income	$290,170	$335,987	-13.64%
Earnings Per Share	$0.66	$0.77	-14.29%
Dividends Paid	$438,000	$438,000	0.00%
Dividends Per Share	$1.00	$1.00	Nil
Total Assets	$2,981,170	$3,086,514	-3.41%
Net Assets	$2,856,706	$3,001,030	-4.81%
Book Value Per Share	$6.47	$6.85	-5.57%

The interim un-audited six-month results for the period ending September 30, 2007 shows a revenue position of $1,850,675. This compares to the six-month ending revenue position for the period September 30, 2006 of $1,905,533, a decrease for the period in 2007 over that of the 2006 compared period of -$54,858 or -2.88%

Net Income for the six-month period ending September 30, 2007 was $290,170 compared to Net Income for the same six-month period in 2006 of $335,987 reflecting a decrease in Net Income for the compared period of -$45,817 or -13.64%.

Earnings Per Share for the six-month period ending 30 September was $0.66 per share compared to $0.77 for the same period in 2006.

Dividends paid for the six-month period ending September 30 2007 were $1.00 equal to the $1.00 Dividends paid for the six-month period ending September 30, 2006.