Microspace Selects New Skies as Provider of International Satellite Transmissions Services.

Business Editors/High-Tech Writers

THE HAGUE, Netherlands(AEX,--(BUSINESS WIRE)--March 31, 2004

One of the World's Largest Business Satellite Broadcasting

Networks Expands Services with New Skies for Content Distribution

across Latin America 

New Skies Satellites N.V. (NYSE:NSK) (AEX:NSK), the global satellite communications company, today announced it has signed a new agreement with Microspace Communications to broadcast video, audio and data content throughout Latin America over the NSS-806 satellite.

The agreement, which also includes customer equipment co-location and other value-added teleport services via New Skies' Washington D.C. mediaport, establishes New Skies as a key provider of Microspace's international satellite transmissions services.

U.S.-based Microspace, operator of one of the world's largest business satellite broadcasting networks, first selected New Skies in December 2002 to launch its services internationally over the NSS-7 satellite. That deal included satellite capacity and associated value-added services to broadcast real-time, IP-based data such as financial information to locations throughout Europe and the Middle East.

Stephen Wilson, New Skies' vice president of sales for North America, said: "Microspace, as an industry leader and one of the most respected companies in the business, has a responsibility to deliver timely and critical information to hundreds of thousands of customer locations every day. Their reliance on our global network as they grow internationally is a testament to the reliability of our fleet, our excellent international coverages and our flexibility in tailoring our services to match their requirements."

Joe Amor, Microspace's vice president and general manager, adds, "New Skies was extremely flexible in custom-designing a distribution network to satisfy multiple technical and commercial requirements. In addition to offering excellent satellite resources and technical expertise, they have shown an unwavering commitment to our success."

About Microspace Communications Corporation

Organizations that distribute video, audio and data content cost effectively and efficiently rely on Microspace Communications Corporation (Microspace), the operator of the largest business satellite broadcasting network in the world and the leading provider of point-to-multipoint satellite services. Microspace's VELOCITY(R) satellite service enables affordable, reliable and secure distribution for a broad range of applications such as business television, distance learning, video on demand transport and storage, datacasting, and IP multicasting. Offered through an innovative pricing model, VELOCITY is available as a dedicated solution or as on-demand services, allowing a company to simply and affordably expand its connectivity as needed. Microspace's commercial customers include Muzak, Morgan Stanley, John Deere, LodgeNet Entertainment, WSI Corporation and Weather Central. It also enables companies to serve the needs of government agencies such as the EPA, INS, FEMA, FBI and FAA.

Founded in 1988, Microspace is a privately-held company with headquarters in the U.S., a presence in Europe, and is a subsidiary of Capitol Broadcasting Company, founded in 1937. For more information, visit www.microspace.com.

About New Skies Satellites

New Skies Satellites (AEX, NYSE: NSK) is one of only four fixed satellite communications companies with truly global satellite coverage, offering video, voice, data and Internet communications services to a range of telecommunications carriers, broadcasters, large corporations, Internet service providers and government organizations around the world. New Skies has five satellites in orbit, ground facilities around the world and one additional spacecraft under construction. The company also has secured certain rights to make use of additional orbital positions for future growth. New Skies is headquartered in The Hague, The Netherlands, and has offices in Beijing, Hong Kong, New Delhi, Sao Paulo, Singapore, Sydney and Washington, D.C. Additional information is available at www.newskies.com.