THE HAGUE, Netherlands, February 8, 2005 – New Skies Satellites B.V., the global satellite communications company, today announced that it is seeking an amendment to its existing credit facilities via Deutsche Bank. The amendment is being sought in connection with the proposed initial public offering of New Skies Satellites Holdings Ltd., its indirect parent company, and will seek, among other changes, an increase in the size of the revolving credit facility, new financial covenant levels and a reduction in pricing on the facilities.

A registration statement relating to the initial public offering of New Skies Satellites Holdings Ltd.’s securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About New Skies Satellites
New Skies Satellites is one of only four fixed satellite communications companies with truly global satellite coverage, offering data, video, Internet and voice communications services to a range of telecommunications carriers, broadcasters, large corporations, Internet service providers and government entities around the world. New Skies has five satellites in orbit and ground facilities around the world. 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 Hong Kong, New Delhi, São Paulo, Singapore, Sydney and Washington, D.C.