XFL (TSE: 9399) Completes Sales of Mergent and Kinetic

Xinhua Finance Limited
2008-07-18 10:36 635

SHANGHAI, China, July 18 /Xinhua-PRNewswire-FirstCall/ -- Xinhua Finance Limited ("XFL") (TSE Mothers: 9399) (OTC ADRs: XHFNY), China's premier financial information and media service provider, today announced that it has completed the sales of a 100% interest in Mergent, Inc., a leading US-based financial data company, and Kinetic Information System Services Limited, a UK-based index calculation company. The Company previously announced on June 25, 2008 that it had signed an agreement to sell the assets to a private equity fund Carousel Capital Partners III, L.P. As previously disclosed, XFL will make an offer to repurchase approximately $50 million of its outstanding US$100,000,000 10% Senior Guaranteed Notes due 2011 within 45 days of completing the transaction.

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Notes to Editors

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 .

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 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.

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Source: Xinhua Finance Limited