[] [WALKERS 1 September 2011 SearchMedia Holdings Limited Our Ref: RLM/tt/pg/I0692-108055 Dear Sirs SEARCHMEDIA HOLDINGS LIMITED Registration Statement Company We have been asked to provide this opinion in connection with the Registration Statement (the “ In giving this opinion we have relied upon the assumptions set out in Schedule 2, which we have not independently verified. We are Cayman Islands’ Attorneys] [INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM’S CONSENT We consent to the incorporation by reference in this Registration Statement of SearchMedia Holdings Limited (the “Company”) on Form F-3 of our report dated October 29, 2010 with respect to our audits of the consolidated financial statements of the Company as of December 31, 2009 and for the two-year period then ended December 31,] [INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM’S CONSENT We consent to the incorporation by reference in this Registration Statement of SearchMedia Holdings Limited (the “Company”) on Form F-3 of our report dated June 30, 2011, which includes an explanatory paragraph as to the Company’s ability to continue as a going concern with respect to our audit of the consolidated financial statements of]