Connexion by Boeing Contract Termination Payments Disclosure

Boeing has announced the cessation of commercial operations
associated with their satellite broadband service, Connexion by
Boeing, effective December 31, 2006.

In conjunction with this announcement payment of USD 70 million
relating to termination of the AMC-23 contract was made to SES
AMERICOM during the third quarter. Of this amount, USD 49 million will
be recognised into revenue in Q3 2006 and the balance of USD 21
million will be recognised into revenue in Q4 2006. The unique Ku-band
Pacific Ocean Region capacity on AMC-23 is presently being remarketed
to a variety of potential customers.

Additionally, during August, Boeing terminated services on the
AMC-6 satellite.