Alamosa to Participate in the 2005 Lehman Brothers High Yield Bond & Syndicated Loan Conference.

LUBBOCK, Texas -- Alamosa Holdings, Inc. (Nasdaq:APCS) is scheduled to participate in the 2005 Lehman Brothers High Yield Bond & Syndicated Loan Conference to be held March 16th to March 19th at the Disney's Yacht & Beach Club Resort in Orlando, Florida.

Loyd I. Rinehart, Alamosa's Senior Vice President/Corporate Finance, will make a presentation beginning at 9:30 a.m. EST on Thursday, March 17th, followed by a question and answer session. Investors may listen to an audio version of the presentation, as well as simultaneously view slides via a live webcast at http://customer.talkpoint.com/LEHM002/031605a_cs/ default.asp?entity=Alamosa (Due to certain characters contained in this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field). Listeners should go to this site at least 15 minutes prior to the event to register and download and install any necessary software, Microsoft Windows Media Player or RealPlayer. For those unable to listen to the live broadcast, a replay will be available for 90 days by accessing the above address. The presentation will also be available at Alamosa's web site, www.alamosapcs.com.

ABOUT ALAMOSA

Alamosa Holdings, Inc. is the largest (based on number of subscribers) PCS Affiliate of Sprint (NYSE:FON), which operates the largest all-digital, all-CDMA Third-Generation (3G) wireless network in the United States. Alamosa has the exclusive right to provide digital wireless mobile communications network services under the Sprint brand name throughout its designated territory located in Texas, New Mexico, Oklahoma, Arizona, Colorado, Utah, Wisconsin, Minnesota, Missouri, Washington, Oregon, Arkansas, Kansas, Illinois, California, and subsequent to year end in Georgia, South Carolina, North Carolina and Tennessee. Alamosa's territory includes licensed population of 23.2 million residents, including 15.8 million residents in Alamosa's territories and 7.4 million residents in the recently acquired AirGate properties.

FORWARD LOOKING STATEMENTS

Statements contained in this news release that are forward-looking statements, such as statements containing terms such as can, may, will, expect, plan, and similar terms, are subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe-harbor" provisions of the private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Alamosa's forward-looking statements, including the following factors: Alamosa's dependence on its affiliation with Sprint; shifts in populations or network focus; changes or advances in technology; changes in Sprint's national service plans or fee structure with us; change in population; difficulties in network construction; increased competition in our markets; adverse changes in financial position, condition or results of operations. For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from Alamosa's forward-looking statements, please refer to Alamosa's filings with the Securities and Exchange Commission, especially in the "risk factors" sections of Alamosa's Annual Report on Form 10-K for the year ended December 31, 2002 and in subsequent filings with the Securities and Exchange Commission. Investors and analysts should not place undue reliance on forward-looking statements.