SUCCESSFUL REFINANCING OF EUTELSAT COMMUNICATIONS DEBT

Successful launch and pricing of an €800 million Eurobond issue by Eutelsat S.A.
New 5-year €700 million term loan facility and €200 million revolving credit facility for Eutelsat Communications S.A.
Extension of average maturity profile for Eutelsat Communications Group debt from 3.8 years at 30 June 2011 to 5.1 years
Financial flexibility improved by continuing the diversification of funding mix