Loral Space &
Communications Ltd. invites shareholders, analysts and
professional investors to participate in a conference call with Loral
chairman and chief executive officer, Bernard L. Schwartz, to discuss
Loral’s first quarter 2003 results.

A press release on the quarter’s results will be issued before the
market opens on May 14, 2003.

The call will begin at 11:00 a.m. EDT on Wednesday, May 14, 2003.

To participate, please dial (913) 981-4900 approximately 15
minutes prior to the scheduled start of the call.

A listen-only simulcast of the call may be accessed on the
Internet at www.loral.com.

If you are unable to listen to the call, a replay will be
available beginning at 2:00 p.m. EDT on May 14 through 8:00 p.m. EDT
on May 21, by dialing (719) 457-0820, access code: 309409. The web
cast will be available on Loral’s web site through May 21, 2003.

Contact: Loral Space & Communications Ltd.
John McCarthy, 212/338-5345