BEIJING, December 2, 2002 – New Skies Satellites N.V. (AEX, NYSE: NSK), the global satellite communications company, today announced that it has signed a satellite-transponder reselling agreement with China Telecommunications Broadcast Satellite Corporation (ChinaSat), the Chinese satellite communications services provider. Under the terms of the agreement, ChinaSat will provide New Skies satellite capacity in China using NSS-6, NSS-5, and NSS-703 upon the approval of Chinese government authorities for reselling in China.

“New Skies is delighted to be working with ChinaSat, a prestigious organization with an enormous amount of experience in providing satellite communications services throughout China,” said Dan Goldberg, chief executive officer of New Skies Satellites. “The ChinaSat and New Skies partnership will allow government entities throughout China, ISPs, universities, hospitals, embassies, companies and other organizations an unparalleled choice and quality of communications offerings. And, with access to New Skies’ global network of satellites and teleports, customers will be able to not only transmit and receive content throughout China, but globally as well.

“Guided by Chinese government policy, New Skies will partner with Chinese satellite service operators to provide satellite capacity to users in China. We look forward to further developing our very productive relationship with the authorities as they work to promote access to state-of-the-art technology and services throughout the country.”

“This arrangement makes it possible for ChinaSat to offer New Skies’ highly-reliable, world-class satellite communications network to our customers throughout China.” said Mr.Zhang Yan, General Manager of Marketing Dept., CHINA SATCOM.

New Skies’ newest satellite serving the China market, NSS-6, is scheduled for launch in mid-December and will be situated at 95 degrees east longitude. This high-power Ku-band satellite has been designed to deliver high-speed telecommunications and Internet services as well as broadband multimedia applications and digital video transmissions throughout Asia. NSS-6 also features Ka-band uplink beams focused on Hong Kong, Shanghai, Beijing/Tianjin, Wuhan, Tokyo and Seoul, among other Asian cities. The Ka-band payload offers higher power and higher throughput using smaller, more efficient transmission systems. With state-of-the-art Ka-band and Ku-band uplinks and high-power Ku-band downlinks, NSS-6 offers an ideal combination of performance and coverage for intra and inter-regional applications.

About ChinaSat
ChinaSat, founded in 1985, is the first state-owned enterprise to manage the telecommunications satellite business and provide satellite telecommunications broadcast services in China. Now ChinaSat is a subsidiary of China Satellite Communications Corp.(CHINA SATCOM). CHINA SATCOM was set up in November of 2001 and is one of six telecommunication service providers in China. ChinaSat is charged with the responsibility to develop multimedia communications systems, broadband high-speed data transmission systems, rural telephone systems, and domestic mobile satellite telecommunications. Authorized by China Ministry of Information Industry (MII) to deliver national and international satellite solutions, ChinaSat is the leading supplier of satellite-transponder lease, VSAT operations, International Private Leased Circuits across China and Asia Pacific Region. Additional information is available at www.chinasat.com.cn

(http://www.chinasat.com.cn/english/english.htm)

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 five satellites in geosynchronous orbit and ground facilities around the world. The company also has one spacecraft ready for launch which will serve Asia from 95 degrees East longitude and one spacecraft under construction, which is planned to serve the Americas from a new orbital location. Additionally, the company has secured certain rights to make use of additional orbital positions, including four serving the Americas. New Skies is headquartered in The Hague, The Netherlands, and has offices in Beijing, London, Johannesburg, New Delhi, São Paulo, Singapore, Sydney and Washington, D.C. Additional information is available at www.newskies.com.