Xinhua Finance Limited (TSE: 9399) Reports Steady Growth for the First Nine Months of 2007

Xinhua Finance Limited (TSE: 9399) Reports Steady Growth for the First Nine Months of 2007

November 15, 2007

    SHANGHAI, China, Nov. 15 /Xinhua-PRNewswire-FirstCall/
-- Xinhua Finance Limited ("XFL"; TSE Mothers:
9399; OTC: XHFNY), China's premier financial information
and media service provider, today announced the
consolidated business results for the nine months ended
September 30, 2007. Under International Financial Reporting
Standards ("IFRS"), total revenue grew 44% to
US$180.7 million from US$125.1 million in the same period
of 2006.  EBITDA was US$26.1 million, representing a
year-on-year growth of 32% from US$19.7 million. Net income
rose to US$85.9 million from US$15.8 million. Fully diluted
earnings per share (EPS) was US$84.97 compared to US$18.11
in 2006.

    (Logo: http://www.xprn.com/xprn/sa/200702151700.gif )

    Under IFRS, proforma EBITDA, adjusted to exclude
non-cash ESOP expenses and one-time items, was US$38.3
million, representing an increase of 57% over US$24.3
million for the same period last year. XFL provides
proforma results to help investors better understand the
Company's underlying operating and financial trends.

    "We continue to see rising demand for
China-focused financial information as the Chinese
financial markets mature and become more sophisticated.
Moreover, our expanded distribution platform enables us to
capture the strong growth in China's advertising
market," said XFL CEO Fredy Bush. "We will
continue to focus our efforts and resources in China's
markets and on building our market-driven information
services to leverage the opportunities ahead." added
Ms. Bush.  
 
    Due to the global attention on China, XFL's China
indices are being followed by more funds worldwide, with
total assets under management benchmarking or tracking our
China indices rising to US$108 billion at the end of
September from approximately US$27 billion a year ago. In
the last quarter, the Company has taken a number of
initiatives in response to the rising market demand and
China's dynamic development.  The financial news service
increased coverage on fixed income and foreign exchange
markets related to China and other emerging countries,
while our corporate announcement distribution services,
Xinhua PR Newswire, extended its services in China to 24
hours a day to better serve clients in multiple time zones.
 Furthermore, a new magazine focused on China's insurance
market was launched, creating a new channel for relevant
financial content and generating additional advertising
revenue. 

    The Company recently appointed Dr. Chen Chung Hsing as
head of China Ratings to lead the business's next phase of
development as the bond market undergoes regulatory changes
in preparation for the expansion of the China bond market. 
Dr. Chen is a veteran of the credit ratings industry and
successfully founded Taiwan's first rating agency Taiwan
Ratings Corporation in 1997, now 51% controlled by Standard
and Poor's. He has more than 18 years of experience in
financial services, including as a regulator at Taiwan's
Securities and Exchange Commission. With respect to our
Solution's business, XFL has partnered with Fermat to
deliver software solutions to help Chinese banks on Basel
II compliance efforts before the 2010 implementation
deadline. 

    CFO David Wang said, "We continue to reap benefits
from our integration efforts as our business increases in
scale. The synergies generated through effective
integration between various business units have presented
more cross-selling and business opportunities for the
group. At the same time, we intend to further invest in our
business in China in order to leverage and maintain our
market leading position. "


    YTD Q3 2007 vs. YTD Q3 2006 -- unit: million USD 

                               YTD Q3 2007    YTD Q3 2006  
  Variance 

    Revenue                       180.7          125.1     
     44%
    Proforma EBITDA (1)            38.3           24.3     
     57%
    EBITDA (2)                     26.1           19.7     
     32%
    Net Income                     85.9           15.8     
    444%


    (1) Proforma EBITDA under IFRS is EBITDA plus non-cash
ESOP expenses and 
        excluding one time items. 
    (2) Under IFRS, EBITDA for the nine months ended
September 30, 2007 
        includes non-cash one time charge of US$5.7m from
the revaluation of a 
        convertible loan, one time legal expenses of
US$0.6m and non-cash ESOP 
        expenses of US$5.9m. 

    (Notes)
    A. We define EBITDA in relation to our IFRS financial
statements as profit 
       or loss before interest, tax, depreciation and
amortization.



    About Xinhua Finance Limited  

    Xinhua Finance Limited ("XFL") is China's
premier financial information and media service provider
and is listed on the Mothers Board of the Tokyo Stock
Exchange (symbol: 9399) (OTC ADRs: XHFNY). Bridging China's
financial markets and the world, Xinhua Finance's
proprietary content platform, comprising Indices, Ratings,
Financial News, and Investor Relations, serves financial
institutions, corporations and re-distributors worldwide. 
Through its subsidiary Xinhua Finance Media Limited
(Nasdaq: XFML), XFL leverages its content across multiple
distribution channels in China including television, radio,
newspaper, magazine and outdoor media. Founded in November
1999, XFL is headquartered in Shanghai, with offices and
news bureaus spanning 11 countries worldwide. 

    For more information, please visit
http://www.xinhuafinance.com . 
    
    This is a press release to the public and should not be
relied on as information to make an investment decision by
any investor. Investors should read the Company's
Securities Report filed to the Tokyo Stock Exchange and
consider the risk factors together with other information
contained therein when making an investment decision. This
press release contains some forward-looking statements that
involve a number of risks and uncertainties. A number of
factors could cause actual results, performance,
achievements of the Company or industries in which it
operates to differ materially from any future results,
performance or achievements expressed or implied by these
forward-looking statements.


    For more Information, please contact:

    Media Contact
     Xinhua Finance
     Ms. Joy Tsang
     Tel: [phone]
     Email: [e-mail]

    IR Contact

     Xinhua Finance
     Shanghai
     Ms. Jennifer Chan Lyman
     Tel:   [phone]
     Email: [e-mail]

     Taylor Rafferty 
     Japan 
     Mr. James Hawrylak
     Tel:   [phone]
     Email: [e-mail]

     United States
     Mr. John Dudzinsky
     Tel:   [phone]
     Email: [e-mail]