Telesat Holdings Inc. Second Quarter Conference Call

    OTTAWA, Aug. 5 /CNW/ - Telesat has scheduled a conference call to discuss
its financial results for the three and six month periods ended June 30, 2009
and other recent developments for Monday, August 10, 2009 at 10:30 a.m. EDT.
The call will be hosted by Daniel S. Goldberg, President & Chief Executive
Officer, and Michel Cayouette, Chief Financial Officer of Telesat.

    Dial-in Instructions:

    The toll-free dial-in number for the teleconference is +1 (866) 266-1793.
    Callers outside of North America should dial +1 (416) 340-2218. The
    access code is 4012137 followed by the number sign. Please allow at
    least 15 minutes prior to the scheduled start time to connect to the

    Dial-in Audio Replay:

    A replay of the teleconference will be available beginning at
    1:00 p.m. EDT August 10, 2009, until 11:59 p.m. EDT on August 24, 2009.
    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 2106624
    followed by the number sign.

    About Telesat (

    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 11 satellites with two additional
satellites 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).

    Forward-Looking Statements Safe Harbour

    This news release contains statements that are not based on historical
fact and are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. When used in this news release, the
words "believes", "expects", "plans", "may", "will", "would", "could",
"should", "anticipates", "estimates", "project", "intend" or "outlook" or
other variations of these words or other similar expressions are intended to
identify forward-looking statements and information. Actual results may differ
materially from the expectations expressed or implied in the forward-looking
statements as a result of known and unknown risks and uncertainties. Detailed
information about some of the known risks and uncertainties is included in the
"Risk Factors" section of Telesat's final prospectus filed with the United
States Securities and Exchange Commission (SEC) on June 29, 2009. Readers are
specifically referred to that document, as well as Telesat's other filings
with the SEC which can be obtained on the SEC's website at
Known risks and uncertainties include but are not limited to: (1) financial
risks, including economic downturns, restrictions imposed by covenants
contained in the agreements governing Telesat's debt, Telesat's leverage,
volatility in exchange rates, and Telesat's dependence on a few large
customers for a significant proportion of its revenue; (2) risks associated
with operating satellites and providing satellite services, including
satellite construction or launch delays, launch failures, in-orbit failures or
impaired satellite performance, the ability to obtain or renew satellite
insurance at all or on reasonable terms, and competition from other providers
of telecommunications services; (3) risks associated with domestic and foreign
government regulation; and (4) other risks, including potential conflicts of
interest with Telesat's significant shareholders, litigation, and market
risks. The foregoing list of important factors is not exclusive. The
information contained in this news release reflects Telesat's beliefs,
assumptions, intentions, plans and expectations as of the date of this news
release. Telesat disclaims any obligation or undertaking to update or revise
the information herein.

For further information:

For further information: Vanessa Brûlé, Telesat, (613) 748-8700 ext.
2407, (

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