MediaHouse Limited Issues Directors' Report For Six Month Period Ended March 31, 2008

Hamilton, Bermuda: 29 July 2008 - The Bermuda Stock Exchange (BSX) has been advised by MediaHouse Limited, (the €˜company') that the Six Month Unaudited Financial Report to March 31, 2008 has been issued with the Directors' Report.

Mr. Randy French, President and CEO, is quoted as follows:

"Mirroring the positive results from a year ago, the opening six months of fiscal 2008 report a profit of $3,927,764. 

As in the prior year period, the timing of revenue recognition results in proportionally more directory revenue being recognized in the opening six months of the current fiscal year versus the closing six months of the current fiscal year.  (The previous year's net income fell from $2,995,964 at March 31, 2007 to $2,529,091 at September 30, 2007.)  The Board and management believe the current accounting policy provides increased reliability and more relevant information to the financial statement users.

In the period under review the Company continued to seek new opportunities for expansion, especially through its subsidiary Global Directories Limited ("GDL").  The search for new opportunities has been focused in the Caribbean, Central America, and South America.  While progress has been made in developing new business relationships, no new contracts or partnerships have materialized.  At the same time GDL is experiencing new competitors in its primary markets in the Eastern Caribbean and Jamaica.

Bermuda operations have held steady during the period, albeit with some decline reflecting the deteriorating conditions in the local economy.

The Board and Management are committed to maximizing its opportunities for profitable growth.  The skills of our team members and their experience will be drawn upon to achieve these results.

On behalf of the Board, I would like to thank all our Company Members and our investors for their efforts and support and I look forward to reporting solid progress in the periods to come."