Satélites Mexicanos, S.A. de C.V. Announces Pricing of $35 Million of Additional Senior Secured Notes

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Satélites Mexicanos, S.A. de C.V. (“Satmex”) announced today the pricing

of $35 million aggregate principal amount of additional senior secured

notes due 2017 (the “Notes”) to be issued in a private placement under

rule 144A and Regulation S of the Securities Act of 1933, as amended

(the “Notes Offering”). The Notes were priced at 102.00% and will bear

interest at an annual rate of 9.50%. The Notes Offering is scheduled to

close on April 9, 2012.

The Notes have not been registered under the Securities Act of 1933, as

amended, or any state securities laws. Further, the Notes may not be

offered or sold in the United States absent registration or an

applicable exemption from registration requirements and, therefore, will

be subject to substantial restrictions on transfer. The Notes Offering

is being made only to qualified institutional buyers inside the United

States and to certain non-U.S. investors located outside the United

States.

This press release is for informational purposes only and does not

constitute an offer to sell or the solicitation of an offer to buy any

securities, nor shall there be any offer or sale of securities in any

jurisdiction in which such offer, solicitation or sale would be unlawful

prior to registration or qualification under the securities laws of any

such jurisdiction.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements. All

forward-looking statements reflect Satmex’s current analysis of existing

facts and information and represent Satmex’s judgment only as of this

date. Actual results in the future could differ materially and adversely

as a result of various important factors, including, but not limited to,

the impact of changes in national, foreign and regional economies, the

volatility in the U.S. and global economies and financial credit markets

and the overall demand for the satellite services that Satmex provides,

among other risk factors. 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 Annual Report on Form 20-F for the year ended

December 31, 2010 and subsequent Periodic Reports on Form 6-K.