Press Releases

HONG KONG, November 4, 2009 – Telesat, the world’s fourth-largest fixed satellite services operator, and HBO Asia, the leader in home entertainment, announced today a multi-year agreement that enables HBO Asia to start distributing high definition television (HDTV) programming to millions of its subscribers.

“Telesat is a leading distributor of HDTV programming across North America and we are delighted to have HBO Asia select Telstar 18 to reach its growing base of subscribers,” said Dan Goldberg, President and CEO of Telesat. “HDTV in Asia is in the early stages of mass market acceptance. Telesat’s partnering with HBO Asia will enable us to capitalize on the region’s HDTV potential and develop Telstar 18 as a premiere Asia video satellite.”

“HBO Asia has a long term working relationship with Telesat and we are happy to partner with them in the roll out of our HBO HD service across Asia,” said Vincent Teo, Senior Vice President, Technology & Operations, HBO Asia. “HBO HD is the first regional movie channel to broadcast in high definition in Asia, and is currently available in Hong Kong, Singapore, Taiwan and the Philippines, with more countries to follow soon.”

About Telesat (www.telesat.com)

Headquartered in Ottawa, Canada, with offices and facilities around the world, Telesat is the fourth-largest fixed satellite services operator. The company provides reliable and secure satellite-delivered communications solutions to broadcast, telecom, corporate and government customers. Telesat has a global state-of-the-art fleet of 12 satellites, with one under construction and another planned to start construction early 2010, and manages the operations of 13 additional satellites for third parties. Telesat is privately held. Its principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc.

About HBO Asia (www. hboasia.com)

Singapore-based HBO Asia is able to bring the best of Hollywood to Asia first because of its exclusive licensing deals with major Hollywood studios – Paramount Pictures, Sony Pictures, Universal Studios and Warner Bros. In addition to the proprietary and award-winning HBO Original programs that are produced exclusively for HBO viewers, HBO Asia works with a large number of major independent production companies to secure exclusive rights to a host of quality movies. HBO Asia offers five commercial-free subscription movie channels – HBO®, HBO SIGNATURESM, HBO FAMILYSM, HBO HITSSM and MAXSM (a refresh of CINEMAXSM) – as well as a subscription video-on-demand service, HBO ON DEMANDSM and HBO HDSM, the first regional movie channel to broadcast in high definition in Asia, in selected markets. HBO Asia is a joint venture of HBO (a Time Warner company) and Paramount. Log on to www.hboasia.com for more information.

HBO, Home Box Office, HBO SIGNATURE, HBO FAMILY, HBO HITS, HBO ON DEMAND, HBO HD, CINEMAX and MAX are service marks of Home Box Office, Inc. Used with Permission.

Forward-Looking Statements Safe Harbour

This news release contains statements that are not based on historical fact and are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Detailed information about some of the known risks and uncertainties is included in the “Risk Factors” section of Telesat Canada’s final prospectus filed with the United States Securities and Exchange Commission (SEC) on June 29, 2009 as well as Telesat Canada’s other filings with the SEC which can be obtained on the SEC’s website at http://www.sec.gov. The information contained in this news release reflects Telesat’s beliefs, assumptions, intentions, plans and expectations as of the date of this news release and Telesat disclaims any obligation or undertaking to update or revise such information.

For further information:

Vanessa Brûlé, Telesat, +1 613 748-8700 ext. 2407 (vbrule@telesat.com) Karen Lai, HBO Asia, +65 9111 2655 (Karen.Lai@hboasia.com)