New Skies Provides Update on Satellite Anomaly Investigation

New Skies Satellites Holdings Ltd. ("New Skies")
(NYSE:NSE), the global satellite communications company, today
responded to information provided by Intelsat, Ltd. regarding the
ongoing investigation into the failure of the Intelsat 804 satellite
earlier this year.
   Commenting on Intelsat's disclosure, Stephen Stott, New Skies'
Chief Technology Officer, said:
   "Promptly after the failure of Intelsat's satellite, Lockheed
Martin, the satellite's manufacturer, launched a comprehensive
investigation into the cause of the failure.
   "At this point, Lockheed Martin has not completed its
investigation and it is premature for us to speculate on what
conclusions it will reach. Lockheed Martin is evaluating system design
issues that could cause a failure under certain environmental and
operational conditions. However, it has not isolated the root cause of
the Intelsat satellite failure or the probability of such cause
reoccurring on other satellites of the same series. As a result,
Lockheed Martin has not yet determined to what extent other satellites
of the same series face an increased risk of failure or whether
operating procedures should be implemented to mitigate, in whole or in
part, any such risk.
   "We are continuing to monitor the situation closely, in
coordination with Lockheed Martin. We look forward to the conclusion
of Lockheed Martin's investigation and intend to take all appropriate
steps, as and when they are identified, to protect the continued safe
operation of our satellite fleet."

   About New Skies Satellites (NYSE: NSE)

   New Skies Satellites is one of only four fixed satellite
communications companies with global satellite coverage, offering
data, video, Internet and voice communications services to a range of
telecommunications carriers, broadcasters, large corporations,
Internet service providers and government entities around the world.
New Skies has five satellites in orbit, one spacecraft under
construction (NSS-8) and ground facilities around the world. New Skies
Satellites Holdings Ltd. is headquartered in Hamilton, Bermuda and has
subsidiaries with offices in The Hague, Hong Kong, New Delhi, Sao
Paulo, Singapore, Sydney and Washington, D.C.