NSS-5 satellite at 183 degrees east to deliver two-way communications services for cruise and commercial vessels

THE HAGUE, Netherlands, Feb. 3, 2004 – New Skies Satellites N.V. (AEX, NYSE: NSK), the global satellite communications company, has signed a 10-year agreement with Telenor Satellite Services, a leader in providing satellite communications services, for Pacific Ocean region capacity.

Using NSS-5, Telenor will provide cruise liners and commercial vessels throughout the Pacific Ocean with access to Internet, voice and mission-critical data communications.

“New Skies’ NSS-5 satellite combines a high-powered C-band payload with single beam coverage of the entire Pacific Ocean region incorporating the western coastline of North America, from Alaska to Mexico, as well as Australia and Asia,” said Pål Jensen, vice president of Telenor Satellite Services. “This allows our customers to make more efficient use of the capacity to transmit more services to more locations.”

“This agreement with Telenor highlights the excellent coverage, connectivity and power we can offer from the 183 degrees east orbital slot,” said Nigel Gibson, New Skies’ vice president of sales for Europe. “We are delighted to have signed this long-term agreement with an industry leader like Telenor.”

NSS-5 offers both high-powered Ku- and C-Band frequencies for video, telecom and Internet transmissions services throughout the Pacific Rim as well as trans-oceanic connectivity to the West Coast of the United States. NSS-5, which was built by Lockheed Martin Commercial Space Systems and deployed to 338.5 degrees east longitude in 1997, was transitioned to183 degrees east longitude above the Pacific Ocean in December 2002.

About Telenor Satellite Services

Telenor Satellite Services is one of the world's preferred providers of global communications via satellite for customers on land, at sea, and in flight. Telenor delivers high-speed data, voice and video communications and offers an innovative portfolio of value-added services. Telenor Satellite Services owns and operates a global network of land earth stations located at Eik in Norway and Southbury, Connecticut and Santa Paula, California, in the United States, and uses among others, the satellite systems of Inmarsat, Intelsat, Iridium, and now New Skies Satellites, for its services. For more information go to our Web site: www.telenor.com/satellite.

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 and Internet service providers around the world. New Skies has six satellites in orbit and ground facilities around the world. The company has 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, São Paulo, Singapore, Sydney and Washington, D.C. Additional information is available at www.newskies.com.

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For additional information, please contact:

Elizabeth Hess, New Skies Satellites
Tel: +31 70 306 4133 Mobile + 31 6 29062492
ehess@newskies.com

Tom Surface, Telenor Satellite Services
Tel: +1 301 838 7805
Thomas.surface@telenor-usa.com