EUTELSAT COMMUNICATIONS REPORTS SOLID FIRST HALF 2011-2012 RESULTS

Revenue growth: +4.6% at €602.4 million; +6.0% at constant currency. Profitability: EBITDA up 3.4% to €478.5 million, generating an industry-leading EBITDA margin of 79.4%. Group share of net income: net margin at 26%. Excellent visibility: Record backlog of €5.3 billion up 9.6%. Fleet expansion programme on track with two successful satellite launches. Successful €1.8 billion refinancing of Group debt. Financial targets confirmed