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Inmarsat plc Statement regarding possible offer for Inmarsat plc by Echostar Corporation

8 June 2018

The Board of Inmarsat plc ("Inmarsat" or "the Company") notes today's recent press speculation and movement in its share price and confirms that it received a highly preliminary and indicative non-binding proposal from Echostar Corporation in relation to the potential acquisition of the entire issued, and to be issued, share capital of Inmarsat (the "Proposal").

After carefully considering the Proposal with its advisers the Board rejected the Proposal on the basis that it very significantly undervalued Inmarsat and its standalone prospects. The Board remains highly confident in the independent strategy and prospects of Inmarsat. There can be no certainty either that any firm offer will be made or as to the terms on which any offer might be made.

A further announcement will be made in due course as appropriate. In accordance with Rule 2.6(a) of the Code, Offeror is required, by not later than 5.00 p.m. (London time) on 6 July 2018, being 28 days after today's date, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

This deadline can be extended with the consent of the Takeover Panel (the "Panel") in accordance with Rule 2.6(c) of the Code.