Telesat Revenues Decrease Slightly 1st Quarter 2012

Ottawa, Canada, April 27, 2012 - Telesat Holdings Inc.  today announced its financial results for the three month period ended March 31, 2012. For the quarter ended March 31, 2012, consolidated revenue was CDN $196 million, a decrease of approximately 3% (CDN $7 million) compared to the same period in 2011. The decrease in revenue was principally the result of a previously disclosed contractual rate reduction on one of Telesat’s Direct-to-Home satellites, partially offset by growth from Telesat’s international satellite fleet and the additional revenue received from the Canadian payload on ViaSat-1.