For the yearended 2008 net interest income increased 3

For the year-ended 2008, net interest income increased $3.7 million, or 24.4,to $18.8 million compared to $15.1 million for the prior year. During 2008, theCompanys net interest margin increased 29 basis points to 3.07, compared to2.78 for the year ended 2007. Interest expensedecreased $0.4 million as a result of a decrease in the cost of funds of 43basis points offset by an increase in the average balance of borrowings anddeposits of $54.8 million. OTTI ChargeDuring the fourth quarter, the Company recorded an other-than-temporaryimpairment charge of $626,000 to reduce the carrying amount of its investment ina pooled trust preferred security to $374,000 at December 31, 2008. For the yearended December 31, 2008, the Company recorded $2.2 million inother-than-temporary impairment charges on investment securities. Thesesecurities are held in the Companys available for sale portfolio. Prior torecording these charges, the unrealized loss had been reflected as a reductionto stockholders equity through other comprehensive income.

Therefore, recordingthese charges has no effect on stockholders equity. Other Income IncreasesOther income increased $38,000, or 5.4, to $745,000 for the fourth quarter of2008 compared to the same quarter in 2007 and increased $147,000, or 5.6, for2008 compared to 2007. The increase in other income resulted from increases indeposit account fees, debit card commissions and income from bank owned lifeinsurance. Income Tax ExpenseIncome tax expense decreased $170,000, or 35.4, to $310,000 in the fourthquarter of 2008 compared to the same quarter in 2007. The decrease in the fourthquarter was primarily due to a reduction of $120,000 in a tax valuationallowance for charitable contributions carryover deduction resulting from anincrease in actual taxable income over prior projections.

Taxable incomeincreased $291,000, or 6.6, to $4.7 million for the year ended 2008 compared tothe year ended 2007. Other Expenses IncreaseOther expenses increased $590,000, or 17.6, to $3.9 million for the fourthquarter of 2008 compared the fourth quarter of 2007 and increased $1.2 million,or 9.1, to $14.3 million for the year-ended 2008 compared to the year-ended2007. The increases were due to the opening of the Companys ninth branch officein the fourth quarter of 2008 and increases in FDIC insurance, marketing, salaryand EDP expenses and decreases in qualified deferred costs associated withclosed loans. This press release, as well as other written communications made from time totime by the Company and its subsidiaries and oral communications made from timeto time by authorized officers of the Company, may contain statements relatingto the future results of the Company (including certain projections and businesstrends) that are considered "forward-looking statements" as defined in thePrivate Securities Litigation Reform Act of 1995 (the PSLRA). Suchforward-looking statements may be identified by the use of such words as"believe," "expect," "anticipate," "should," "planned," "estimated," "intend"and "potential." For these statements, the Company claims the protection of thesafe harbor for forward-looking statements contained in the PSLRA.

The Company cautions you that a number of important factors could cause actualresults to differ materially from those currently anticipated in anyforward-looking statement. The new holding company for Ocean City Home Bank - a newly formed New Jerseycorporation also named Ocean Shore Holding Co. - has filed a registrationstatement (including a prospectus and a prospectus supplement) with the SEC forthe offering to which this communication relates. Before you invest, you shouldread the prospectus and prospectus supplement in that registration statement andother documents the issuer has filed with the SEC for more complete informationabout the issuer and this offering. You may get these documents for free byvisiting EDGAR on the SEC Web site at Alternatively, Ocean ShoreHolding Co or any dealer participating in the offering will arrange to send youthe prospectus and prospectus supplement if you request it by calling toll-free1-866-805-4128.