Medserv plc - Interim Directors’ Statement

Medserv plc issued its Interim Directors’ Statement on 13 May. The Directors noted that further to the Chairman’s Statement in the 2007 Annual Report, Medserv continued to experience increased activity during the first quarter of the year. Equipment and materials have started reaching Medserv’s bases in Malta and Misurata, Libya in preparation of exploration activity offshore Libya. The first quarter results show that both bases produced satisfactory profits in each of the first three months of 2008 and present indications are that this level of profit will continue for the remainder of the current financial year. Furthermore, the business generated from operations in Egypt and Tunisia also resulted in improved turnover levels.