SAEHAN BANCORP DECLARES A 8% STOCK DIVIDEND

LOS ANGELES, CALIFORNIA – May 29, 2008 -- Saehan Bancorp (OTCBB:SAEB), parent company of Saehan Bank, today announced that its board of directors has declared a 8 percent stock dividend, payable on June 26, 2008 to shareholders of record on June 10, 2008. Under the dividend, shareholders will receive .08 share of common stock for each share of common stock held as of the record date. A cash payment will be made to shareholders for any fractional shares resulting from the dividend calculation.

Saehan Bancorp
Daniel Kim, 213-637-4802
or
Maier & Company, Inc.
Gary S. Maier, 310-442-9852