HAMILTON, Bermuda, May 10, 2005 - New Skies Satellites Holdings Ltd. announced today that its initial public offering of 11,900,000 shares of common stock, representing 39 percent of the share capital, has been priced at $16.50 per share. The shares began trading today on the New York Stock Exchange under the ticker symbol "NSE."

To the extent that the underwriters sell more than 11,900,000 shares of common stock, the underwriters have the option to purchase up to 1,785,000 additional shares from New Skies Satellites Holdings Ltd.

Goldman, Sachs & Co. and Lehman Brothers Inc. are serving as joint book-running managers of the offering. UBS Securities LLC, Deutsche Bank Securities Inc., Banc of America Securities LLC and Wachovia Capital Markets, LLC are co-managers of the offering.

The public offering is being made by means of a prospectus, copies of which may be obtained from:

• Goldman, Sachs & Co. at 85 Broad Street, New York, NY, 10004, Attention: Prospectus Department (Tel: 212-902-1171) or

• Lehman Brothers at 1155 Long Island Avenue, Edgewood, NY 11717, Attention: ADP Prospectus Fulfillment (Fax: 631-254-7268).

The following statement is included in this press release in accordance with Rule 134(b)(1) of the Securities Act of 1933, as amended:

A registration statement relating to shares of common stock of New Skies Satellites Holdings Ltd. has been declared effective by the Securities and Exchange Commission. This release 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 state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About New Skies Satellites
New Skies Satellites is one of only four fixed satellite communications companies with 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 has one additional spacecraft under construction, NSS-8, which is expected to enter commercial service in the first half of 2006, and 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.