PACIFIC STAR NETWORK LIMITED

PACIFIC STAR NETWORK LIMITED – BOARD CHANGES

The directors of Pacific Star Network Limited (“Pacific Star”) are pleased to announce the appointment of Mr. Gary Pert as a director effective 1 July 2008.

Gary Pert’s appointment will fill the vacancy created upon the retirement of Mr. George Buschman as a director effective 30 June 2008.

Gary possesses extensive media industry experience, gained whilst serving various senior executive roles including the Managing Director of the Channel Nine Network and the General Manager of Austereo Melbourne.

After a successful AFL football career which includes 233 games with Fitzroy and Collingwood, Gary took up a role within the AFL as the promotions and development officer between 1989 and 1994, following which he became a sales executive in the Melbourne office of the Austereo radio network

During his 12 years with Austereo, Gary held various senior management roles culminating in 2006 when he held the joint role of General Manager of Austereo Melbourne and Austereo’s National Sales Director.

As Managing Director of Channel Nine Melbourne, Gary held principal responsibility for one of Australia’s largest media organisation’s with more than 450 staff. After one of the most profitable periods in Channel Nine’s history, Gary was recruited as Chief Executive Officer of the Collingwood Football Club, one of Australia’s largest sporting brands.

Commenting on his appointment to the board of Pacific Star Gary said:

“SEN has now well and truly established itself as an important player in the Melbourne radio industry. Their commitment to the AFL and sport in general has given the station stability and their listeners a targeted package of sport and entertainment. I look forward to being part of Pacific Star’s Board that is committed to strategic growth and improved profitability.”

Mr. Andrew Moffat , Pacific Star’s Chairman said:

“We are extremely pleased that Gary Pert has accepted an invitation to join the Board of Pacific Star. Gary will be joining Pacific Star at an exciting stage of the Company’s development, with the Company having successfully executed on the acquisition and profit improvement of the 1116 SEN AM radio station. Pacific Star will be entering into the 2009 financial year with confidence and an increased appetite for profitable growth initiatives. Gary ’s extensive media and business experience will be of great value to Pacific Star as we enter this next stage of development.”

“We also wish to take this opportunity to thank George Buschman for his significant contribution to Pacific Star over the past three years and we wish him continued success in the future.”

Mr. George Buschman’s Pacific Star relationship commenced during 2005, as a consultant before joining the Board in early 2007. Initially George assisted Pacific Star in building the business plan to acquire the SEN brand and with the recruitment of suitable senior radio management personnel. In parallel with this George has over the past few years created a new business, Boost Media, which has enjoyed great early success. It is the increasing scale and time commitments of this new venture that has brought about George’s desire to resign as a director.

In farewelling Pacific Star, George commented:

“It’s pleasing to see the significant turnaround achieved by Pacific Star management under the very capable leadership of Barrie Quick , Pacific Star CEO and I’m confident the foundations have been set for its continued growth.”