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Telesat Again Selected Global Satellite Operator of the Year By Panel of Industry Experts

Award Determined on Business Performance and Includes both Fixed and Mobile Satellite Sectors

OTTAWA, CANADA, September 10, 2014 – Telesat, a leading global satellite operator, has again been recognized by Euroconsult, the preeminent analyst and research group in satellite communications, as Global Satellite Operator of the Year. The Award, which evaluates both mobile and fixed satellite providers, was announced today at the World Satellite Business Week conference in Paris.

Industry experts from Euroconsult, Space News and SatelliteFinance used a number of quantitative and qualitative standards to identify Telesat as the winning company. The Award recognizes the global operator that led the satellite services market in such metrics as 2013 revenue growth, as well as growth in 2013 EBITDA and EBITDA margin.

Upon receiving the Award, Telesat’s President and CEO Dan Goldberg commented: “Telesat is grateful for Euroconsult’s recognition of the significant organic growth we achieved in 2013. Our performance was the result of the collective expertise, dedication and hard work of the Telesat team and is a reflection of the confidence our customers have in our ability to support their mission critical requirements and the capabilities of our satellite fleet. We will seek continued growth in the years ahead by delivering unparalleled customer service and by deploying innovative satellite platforms.”

About Telesat (www.telesat.com)

Telesat is a leading global satellite 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 14 satellites and the Canadian payload on ViaSat-1 with another satellite under construction. 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. 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 Holdings Inc.’s Annual Report on Form 20-F for the fiscal year ended December 31, 2013 as well as Telesat’s other filings with the United States Securities and Exchange Commission (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. 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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