HAMILTON, Bermuda, December 19, 2005 - New Skies Satellites Holdings Ltd. (NYSE:NSE) announced today that its board of directors has declared a quarterly cash dividend for the period from October 1, 2005 to December 31, 2005, in the amount of $0.463125 per share, payable on or about January 15, 2006 to shareholders of record on December 30, 2005. As part of the acquisition agreement with SES Global S.A. announced on December 14, 2005, New Skies has agreed to terminate its quarterly dividend program effective January 1, 2006.
 
About New Skies Satellites (NYSE : NSE)

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, one spacecraft under construction (NSS-8) and ground facilities around the world. New Skies Satellites Holdings Ltd. is headquartered in Hamilton, Bermuda, and has subsidiaries with offices in The Hague, Hong Kong, New Delhi, São Paulo, Singapore, Sydney and Washington, D.C.

For additional information, please contact:

Boris Djordjevic
Investor Relations, New Skies Satellites
bdjordjevic@newskies.com

Melanie Dickie
Corporate Communications, New Skies Satellites
mdickie@newskies.com

Safe Harbor

Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934 provide a “safe harbor” for forward-looking statements made by an issuer of publicly traded securities and persons acting on its behalf.  New Skies Satellites Holdings Ltd. (“New Skies”) has made certain forward-looking statements in this press release in reliance on those safe harbors.  A forward-looking statement concerns the company’s or management’s intentions or expectations, or is a prediction of future performance.  These statements are identified by words such as “intends”, “expects”, “anticipates”, “believes”, “estimates”, “may”, “will”, “should” and similar expressions.  By their nature, forward-looking statements are not a matter of historical fact and involve risks and uncertainties that could cause New Skies’ actual results to differ materially from those expressed or implied by the forward-looking statements for a number of reasons. 

The parties may not be able to consummate the proposed transaction on the terms on which the parties have agreed, or at all, due to a number of factors, including, but not limited to, the failure to obtain the requisite governmental approvals, the failure to obtain stockholder approval for the proposed transaction or the failure to satisfy any of the other conditions to consummation of the transaction.  Other risks affecting New Skies’ business are described in the company's periodic filings with the U.S. Securities and Exchange Commission (“SEC”), including but not limited to New Skies’ Registration Statement on Form S-1 (File No. 333-122322).  Copies of these filings may be obtained by contacting the SEC.  New Skies believes that all forward-looking statements are based upon reasonable assumptions when made; however New Skies cautions that it is impossible to predict actual results or outcomes or the effects of risks, uncertainties or other factors on anticipated results or outcomes and that, accordingly, you should not place undue reliance on these statements.  Forward-looking statements speak only as of the date when made, and New Skies disclaims any obligation to update the forward-looking statements contained in this document.