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Panasonic Signs Long Term Contract For Multiple Transponders On Telesat Satellites To Expand Aeronautical Broadband Service Over Latin America

Contract includes significant pre-launch sale on
Telesat’s new Anik G1 satellite scheduled for launch early 2013

OTTAWA, CANADA, November 14, 2012 – Telesat, a leading global fixed satellite services operator, announced today that Panasonic Avionics Corporation (Panasonic), the world’s leading supplier of in-flight entertainment and communication systems, has signed another long term contract for Telesat satellite capacity.

This latest agreement represents a major pre-launch sale for Telesat’s new Anik G1 satellite and comes on the heels of the contract Panasonic signed for Telstar 11N capacity over the North Atlantic announced in June 2012. This new agreement enables Panasonic to expand its aeronautical broadband service over Latin America by adding Telstar 11N capacity in combination with the South American coverage of Telesat’s Anik F1 satellite. Panasonic will transition from Anik F1 to Telesat’s new Anik G1 satellite when it begins commercial service. The launch of Anik G1 is presently scheduled for early 2013.

“Telesat has become a leader in both Latin America and the North Atlantic through the innovative coverage options provided by our satellites,” said Nigel Gibson Vice President, International Sales for Telesat. “Panasonic decided, based on their satisfaction with Telstar 11N over the Atlantic, that additional Telstar 11N capacity in combination with our new Anik G1 satellite would result in important operational advantages for Panasonic’s Latin American expansion. Telesat is delighted to have another major pre-launch sale on Anik G1 and pleased to be expanding our activities in the growing aeronautical market through our ties to Panasonic.”

“Bringing aeronautical broadband to a vast new market like Latin America requires significant investment to capitalize on the region’s growth potential,” said David Bruner, Vice President, Global Communications Services at Panasonic. “Telesat offered a highly efficient solution for Panasonic’s Latin American expansion that will enable us to deliver unmatched service quality to our customers while managing implementation costs. The combination of Telstar 11N and Anik F1/G1 capacity over Latin America is a winning one for Panasonic that helps position us for success in this region.”

About Telesat (www.telesat.com)
Telesat is a leading global fixed satellite services operator providing reliable and secure satellite-delivered communications solutions worldwide to broadcast, telecom, corporate and government customers. Headquartered in Ottawa, Canada, with offices and facilities around the world, the company’s state-of-the-art fleet consists of 13 satellites and the Canadian payload on ViaSat-1, plus one satellite awaiting launch. Telesat also manages the operations of additional satellites for third parties. Privately held, Telesat’s principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL).

Forward-Looking Statements Safe Harbor
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. When used in this news release, the words “will”, “would”, “position”, “scheduled for” or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. 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 Annual Report on Form 20-F for the fiscal year ended December 31, 2011 filed with the United States Securities and Exchange Commission (SEC) on February 22, 2012 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. Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance, volatility in exchange rates and risks associated with domestic and foreign government regulation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects Telesat’s beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, Telesat disclaims any obligation or undertaking to update or revise the information herein.

For further information: Gerry Nagler, Telesat +1 908 470-4907 (gnagler@telesat.com)

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