GigaMedia Invests in Top Game Studio XLGames Partnership with Creator of Lineage to Drive Regional Games Business



    TAIPEI, Taiwan, Dec. 11 /Xinhua-PRNewswire-FirstCall/ -- GigaMedia
 Limited ("GigaMedia" or the "Company") (Nasdaq:   GIGM) announced today a
 strategic partnership with and investment in hot game development studio
 XLGames Inc. ("XLGames").
 
     XL Games is founded by gaming legend Jake Song, renowned as the creator
 of The Kingdom of the Winds -- one of the world's first MMORPGs, and
 Lineage -- the most popular online game franchise in history. The company
 enjoys a senior management team with deep industry experience and
 outstanding talent, and plans to develop games that will define leadership
 of the next generation of online games.
 
     "Jake Song and his team are superstars -- some of the world's greatest
 game developers," stated GigaMedia President Thomas Hui. "We are thrilled
 to partner with such a tremendously talented team and look forward to
 working closely with them on their new MMORPG, which should rock the
 world."
 
     "GigaMedia is an unrivaled gateway to Asia -- a great partner and
 platform for us to showcase world-class, epic entertainment," stated Chief
 Executive Officer Jake Song of XLGames. "With GigaMedia's game expertise
 and huge pan- Asian platform, we look forward to a highly successful
 partnership."
 
     The investment in XLGames is the latest step in GigaMedia's plan to
 build the region's leading online entertainment platform, with a scope that
 spans all of Asia.
 
     The partnership strengthens GigaMedia's rapidly growing pan-Asian
 entertainment platform, a one-stop solution for game developers and
 entertainment providers addressing over 68 million registered users in the
 region's huge and lucrative market.
 
     Pursuant to the terms of the strategic partnership with XLGames,
 GigaMedia has made an investment in XLGames and obtained board
 representation and certain strategic rights.
 
     About GigaMedia
 
     GigaMedia Limited (Singapore registration number: 199905474H) is a
 major provider of online entertainment software and services. GigaMedia
 develops and licenses software for online gaming. GigaMedia also operates
 online games businesses including FunTown, a leading Asian casual games
 portal and the world's largest online MahJong game site in terms of
 revenue, and T2CN, a leading online casual sports game operator in China.
 More information on GigaMedia can be obtained from
 http://www.gigamedia.com.tw .
 
     About XLGames
 
     XLGames Inc. was founded in Seoul, Korea in 2003 by NCSoft's former
 Executive Vice President and Head of Worldwide Development, Jake Song,
 creator of Lineage, one of the most popular and successful MMORPGs of all
 time. XLGames also develops games in its subsidiary office in Austin,
 Texas, to help insure the company's products have strong appeal to the
 diverse cultural preferences of both Asian and American gamers. XLGames'
 global game design team collaborates on all aspects of art, engineering and
 design.
 
     The statements included above and elsewhere in this press release that
 are not historical in nature are "forward-looking statements" within the
 meaning of the "safe harbor" provisions of the Private Securities
 Litigation Reform Act of 1995. GigaMedia cautions readers that
 forward-looking statements are based on the Company's current expectations
 and involve a number of risks and uncertainties. Actual results may differ
 materially from those contained in such forward-looking statements.
 Information as to certain factors that could cause actual results to vary
 can be found in GigaMedia's Annual Report on Form 20-F filed with the
 United States Securities and Exchange Commission in June 2007.
 
 
For further information contact: Brad Miller Investor Relations Director Tel: +886-2-2656-8016 Email: brad.miller@gigamedia.com.tw

SOURCE GigaMedia Limited

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