GIGAMEDIA Ltd — Director's Dealing 2006

Jun 26, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: GIGAMEDIA LTD (GIGM)
CIK: 0001105101
Period of Report: 2006-06-14

Reporting Person: Sansar Capital Management, L.L.C. (10% Owner)
Reporting Person: Sansar Capital Special Opportunity Master Fund, L.P. (10% Owner)
Reporting Person: Sansar Capital Master Fund, L.P. (10% Owner)
Reporting Person: Sansar Performance, L.P. (10% Owner)
Reporting Person: Motwani Sanjay (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4659724	Indirect
Common Stock	762674	Indirect

Footnotes

F1: The shares of the issuer's common stock,par value $10 NT per share ("Shares"), are held for the account of Sansar Capital Master Fund, L.P., a Delaware limited partnership (the "Master Fund"). Sansar Capital Management, L.C.C., a Delaware limited liability company, ("Sansar Capital Management"), serves as investment manager for the Master Fund. Sansar Performance, L.P., a Delaware limited partnership ("Sansar Performance"), serves as general partner of the Master Fund. Mr. Motwani is the Chief Executive Officer of each of Sansar Performance and Sansar Capital Managment.

F2: These Shares are held for the account of Sansar Capital Special Opportunity Fund, Ltd., a Cayman Islands exempted company (the "SO Fund"). Sansar Capital Special Opportunity Master Fund, Ltd., a Cayman exempted company ("SO Fund Ltd.") serves as the investment advisor for the SO Fund. Sansar Capital Management serves as the sponsor of the SO Fund. Mr. Motwani is the Chief Executive Officer of each Sansar Capital Management and SO Fund Ltd.