Satélites Mexicanos, S.A. de C.V. Announcement: Extension of Exchange Offer Period

Satélites Mexicanos, S.A. de C.V. (“Satmex”) announces the extension of

the expiration date for its exchange offer (the “Exchange Offer”) of

$35,000,000 aggregate principal amount of 9.50% Senior Secured Notes due

2017 (the “New Notes”) for a like principal amount of new registered

exchange notes due 2017. The Exchange Offer was previously scheduled to

expire at 5:00 p.m., New York City time, on August 30, 2012.

The Company has extended the Exchange Offer so that it will now expire

at 5:00 p.m., New York City time, on September 28, 2012, unless further

extended. The expiration date for the Exchange Offer is being extended

to provide time for the remaining outstanding New Notes to be exchanged.

A Form F-4 registration statement, including a prospectus containing the

terms of the Exchange Offer, filed by the Company with the SEC was

declared effective by the SEC on July 31, 2012. All other terms,

provisions and conditions of the Exchange Offer will remain in effect.

About Satmex

Satmex is a significant provider of fixed satellite services (“FSS”) in

the Americas, with coverage of more than 90% of the population of the

region across more than 45 nations and territories. As one of only two

privately-managed FSS providers based in Latin America, Satmex (together

with its predecessors) has designed, procured, launched and operated

three generations of satellites during a period of over 26 years.

Satmex’s current fleet is comprised of three satellites in highly

attractive, adjacent orbital slots that enable its customers to

effectively serve their entire coverage footprint utilizing a single

satellite connection. For further information, visit www.satmex.com.

Safe Harbor and Forward-Looking Statements

This press release does not constitute an offer to sell or the

solicitation of an offer to buy any security and shall not constitute an

offer, solicitation or sale of any securities in any jurisdiction in

which such offering, solicitation or sale would be unlawful.

A

copy of the prospectus and other materials related to the exchange offer

may be obtained from the exchange agent, Wilmington Trust, National

Association, c/o Wilmington Trust Company, Rodney Square North, 1100

North Market Street, Wilmington, Delaware 19890-1626, Attention Sam

Hamed, (302) 636.6181.

This press release contains forward-looking statements. All

forward-looking statements in this news release reflect Satmex’s current

analysis of existing facts and information and represent Satmex’s

judgment only as of the date of this news release. Actual events or

results might differ materially from these statements due to risks and

uncertainties.

Satmex expressly disclaims any intent or

obligation to update these forward-looking statements, except as

required by law. For a discussion of certain of the risks, uncertainties

and other factors affecting the statements contained in this news

release, see Satmex’s Registration Statement on Form F-4 declared

effective on July 31, 2012, Satmex’s Annual Report on Form 20-F, as

amended, for the year ended December 31, 2011 and subsequent Periodic

Reports on Form 6-K.