Loral Space & Communications to Host Year-End and Fourth Quarter 2002 Results Conference Call

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 results for the periods ending December 31, 2002.

A press release on the periods’ results will be issued after the
market closes on March 31, 2003.

The call will begin at 9:30 a.m. EST on Tuesday, April 1, 2003.

To participate, please dial (913) 981-5571 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 12:00 p.m. EST on April 1 through 8:00 p.m. EST
on April 8, by dialing (719) 457-0820, access code: 493797. The web
cast will be available on Loral’s web site through April 8, 2003.

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