GigaMedia to Report Fourth-Quarter and Full-Year 2006 Financial Results on March 13

TAIPEI, Taiwan, February 27, 2007 - GigaMedia Limited ("GigaMedia" or the "Company") (NASDAQ: GIGM) will report the Company's fourth-quarter and full-year 2006 financial results on Tuesday, March 13, 2007 before the market opens.

Management will hold an investor webcast on March 13, 2007 at 8:00 a.m. Eastern Daylight Time, which is 8:00 p.m. Taipei/Hong Kong Time on March 13, 2007, to discuss the Company's fourth-quarter and full-year 2006 performance. A link to the live and archived webcast will be available at http://ir.giga.net.tw.

About GigaMedia

GigaMedia Limited (Singapore registration number: 199905474H) is a major provider of online entertainment software and services. GigaMedia develops software for online entertainment services, including the global online gaming market. GigaMedia's FunTown game portal is a leading Asian casual games portal and the world's largest online MahJong game site in terms of revenue. GigaMedia also operates a broadband ISP providing Internet access services to consumers and corporate subscribers in Taiwan. More information on GigaMedia can be obtained from www.gigamedia.com.tw.

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 2006.