Intelsat Announces Early Tender Offer Results and Amendments to the Tender Offers for Certain Notes of Intelsat Jackson Holdings S.A.

25 April 2012

Intelsat S.A.,  announced tender offers by its subsidiary, Intelsat Jackson Holdings S.A. ("Intelsat Jackson"), to purchase for cash (the "9 ½% Offer") any and all of its $701,913,000 outstanding 9 ½% Senior Notes due 2016 (the "9 ½% Notes") and to purchase for cash (the "11 ¼% Offer" and together with the 9 ½% Offer, the "Tender Offers") up to $470,000,000 aggregate principal amount (the "Tender Cap") of its $1,048,220,000 outstanding 11 ¼% Senior Notes due 2016 (the "11 ¼% Notes" and together with the 9 ½% Notes, the "Notes").

Intelsat S.A. today also announced that Intelsat Jackson is amending the terms of the 9 ½% Offer and the 11 ¼% Offer. Intelsat Jackson is now offering to pay the total consideration, including the early tender payment, to Holders who validly tender their Notes prior to the Expiration Time (as defined below). The total consideration for the 9 ½% Offer is $1,039.17 per $1,000 principal amount of 9 ½% Notes and the total consideration for the 11 ¼% Offer is $1,045.50 per $1,000 principal amount of 11 ¼% Notes, each of which includes the early tender payment of $30.00 per $1,000 principal amount of Notes tendered. Holders must validly tender their Notes, and have their Notes accepted for purchase in the applicable Tender Offer, at or prior to the Expiration Time in order to be eligible to receive the total consideration, including the early tender payment. Except as set forth above, the terms of the 9 ½% Offer and the 11 ¼% Offer remain unchanged.

The Tender Offers are subject to the terms and conditions set forth in the Offer to Purchase, dated April 12, 2012, relating thereto (the "Offer to Purchase").

As of the previously announced early tender deadline of 5:00 p.m., New York City time, on Wednesday, April 25, 2012 (the "Early Tender Time"), Intelsat Jackson has been advised by Global Bondholder Services Corporation, as Depositary for the Tender Offers, that $48,042,000 in aggregate principal amount, or approximately 6.84%, of the outstanding 9 ½% Notes has been validly tendered and not withdrawn in the 9 ½% Offer and $10,059,000 in aggregate principal amount, or approximately 0.96%, of the outstanding 11 ¼% Notes has been validly tendered and not withdrawn in the 11 ¼% Offer.

Subject to the terms and conditions set forth in the Offer to Purchase, Intelsat Jackson will accept for purchase all 9 ½% Notes tendered and not withdrawn prior to the Early Tender Time. Subject to the terms and conditions set forth in the Offer to Purchase, Intelsat Jackson intends to accept for purchase all 9 ½% Notes tendered after the Early Tender Time and prior to the Expiration Time (as defined below).

Subject to the terms and conditions set forth in the Offer to Purchase, Intelsat Jackson will accept for purchase all 11 ¼% Notes tendered and not withdrawn prior to the Early Tender Time. As the principal amount of 11 ¼% Notes validly tendered and not withdrawn in the 11 ¼% Offer prior to the Early Tender Time is less than the Tender Cap, subject to the terms and conditions set forth in the Offer to Purchase, Intelsat Jackson intends to accept for purchase 11 ¼% Notes tendered after the Early Tender Time and prior to the Expiration Time, subject to the Tender Cap and any required proration, as described in the Offer to Purchase.

The withdrawal deadline relating to each of the Tender Offers occurred at 5:00 p.m., New York City time, on Wednesday, April 25, 2012. Notes previously tendered and Notes that are tendered after the withdrawal deadline may not be withdrawn, except as required by law. Each of the Tender Offers is scheduled to expire at 12:00 midnight, New York City time, on Wednesday, May 9, 2012 (the "Expiration Time"), unless extended or earlier terminated.