Press Releases

OTTAWA, CANADA, July 29, 2010. Telesat has scheduled a conference call for Thursday, August 5, 2010 at 10:30 a.m. ET to discuss its financial results for the three and six month periods ended June 30, 2010 as well as other recent developments. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Michel Cayouette, Chief Financial Officer, of Telesat.

Prior to the commencement of the call on Thursday, August 5, the Company will post a press release and financial statements to its website (www.telesat.com) under the tab “Media Room” and the heading “Investor Relations”.

Dial-in Instructions:

The toll-free dial-in number for the teleconference is +1 (866) 223-7781. Callers outside of North America should dial +1 (416) 340-8018. The access code is 4066501. Please allow at least 15 minutes prior to the scheduled start time to connect to the teleconference.

Dial-in Audio Replay:

A replay of the teleconference will be available beginning at 1:00 p.m. ET August 5, 2010, until 11:59 p.m. ET on August 19, 2010. To access the replay, please call +1 (800) 408-3053. Callers outside of North America should dial +1 (416) 695-5800. The access code is 8328878 followed by the number sign (#).

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 three more under construction, 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. (NASDAQ: LORL).

For further information: Michael Bolitho, Telesat, +1 (613) 748-8700 ext. 2336 ir@telesat.com