After reaching profitability for the first time in the previous quarter, SHL's
German operation continued its strong growth trend, bringing its operating profit to USD 0.6 million with positive operating cash flow. This together with continued moderate growth in Israel has led to SHL's 3rd quarter of consecutive growth and improved financial performance.

SHL to provide services to LKK Niedersachsen-Bremen. LKK Niedersachsen-Bremen, one of nine agricultural health insurance companies in Germany, attends for approximately 150 thousand farmers and their family members. The goal of the co-operation with PHTS Telemedizin is to improve the quality of care and quality of life for chronically ill heart patients and at the same time achieve better cost-efficiency by avoiding unnecessary hospitalizations.

SHL Telemedicine wins Knappschaft Bahn See contract.  During a one-year pilot project, several hundred KBS patients with congestive heart failure (CHF) will benefit from PHTS Telemedizin's services. KBS is part of a network of Deutsche Rentenversicherung (Pension funds).

Strong Positive Momentum of Q2 2008 Expected to Continue .The growth momentum built up in recent quarters at SHL's German operations has brought these activities to profitability during the quarter under review and is contributing to the improved overall performance of the Company.

World's first wireless 12 Lead Digital Cellular personal ECG
transmitter CardioSen'CTM receives FDA clearance.

Financial Highlights for the First Quarter of 2008:
Revenues increased by 73% to USD 10.4 million from USD 6.0 million in Q1 07. Whilst all businesses contributed to the increased revenues, strongest growth was achieved by PHTS, SHL's German operations with subscriber growth of over 80 %.

conducted in Germany . Taunus, following the success of the congestive heart failure (CHF) telemedicine program with PHTS, decided on entering into a pilot program with PHTS for providing telemedicine services to high-risk patients with diabetes mellitus type 2 and manifest micro or macrovascular illnesses; that is, those patients with complications of the small and large blood vessels.

SHL dividend distribution  - individual tax solution for shareholders. The total dividend amount distributed to each shareholder amounts to 80% of the dividend amount with 20% taxes withheld and deposited with a trustee on April 17, 2008 for a 90 day period, after which they will be transferred to the Israeli Tax Authorities.

The total dividend amount distributed to each shareholder amounts to 80% of the dividend amount with 20% taxes withheld and deposited with a trustee on April 17, 2008 for a 90 day period, after which they will be transferred to the Israeli Tax Authorities.

2007 was a momentous year for SHL in which the groundwork was laid for solid expansion of the company's activities in the coming years by expanding the service bases and telemedicine applications in all markets.

Tel Aviv/Zurich, 7 March 2008 - SHL Telemedicine Ltd. (SWX: SHLTN), a leading provider
and developer of advanced personal telemedicine solutions, today announced that Ron N.
Salpeter has notified the company that he would like to retire from the Board of Directors in
April 2008