One of the world’s largest business satellite broadcasting networks expands
services with New Skies for content distribution across Latin America

THE HAGUE, Netherlands, March 31, 2004 – New Skies Satellites N.V. (AEX,
NYSE: NSK), the global satellite communications company, today announced it
has signed a new agreement with Microspace Communications to broadcast
video, audio and data content throughout Latin America over the NSS-806
satellite.

The agreement, which also includes customer equipment co-location and other
value-added teleport services via New Skies’ Washington D.C. mediaport,
establishes New Skies as a key provider of Microspace’s international
satellite transmissions services.

U.S.-based Microspace, operator of one of the world’s largest business
satellite broadcasting networks, first selected New Skies in December 2002
to launch its services internationally over the NSS-7 satellite. That deal
included satellite capacity and associated value-added services to broadcast
real-time, IP-based data such as financial information to locations
throughout Europe and the Middle East.

Stephen Wilson, New Skies’ vice president of sales for North America, said:
"Microspace, as an industry leader and one of the most respected companies
in the business, has a responsibility to deliver timely and critical
information to hundreds of thousands of customer locations every day. Their
reliance on our global network as they grow internationally is a testament
to the reliability of our fleet, our excellent international coverages and
our flexibility in tailoring our services to match their requirements."

Joe Amor, Microspace’s vice president and general manager, adds, "New Skies
was extremely flexible in custom-designing a distribution network to satisfy
multiple technical and commercial requirements. In addition to offering
excellent satellite resources and technical expertise, they have shown an
unwavering commitment to our success."

About Microspace Communications Corporation
Organizations that distribute video, audio and data content cost effectively
and efficiently rely on Microspace Communications Corporation (Microspace),
the operator of the largest business satellite broadcasting network in the
world and the leading provider of point-to-multipoint satellite services.
Microspace’s VELOCITYÆ satellite service enables affordable, reliable and
secure distribution for a broad range of applications such as business
television, distance learning, video on demand transport and storage,
datacasting, and IP multicasting. Offered through an innovative pricing
model, VELOCITY is available as a dedicated solution or as on-demand
services, allowing a company to simply and affordably expand its
connectivity as needed. Microspace’s commercial customers include Muzak,
Morgan Stanley, John Deere, LodgeNet Entertainment, WSI Corporation and
Weather Central. It also enables companies to serve the needs of government
agencies such as the EPA, INS, FEMA, FBI and FAA.

Founded in 1988, Microspace is a privately-held company with headquarters in
the U.S., a presence in Europe, and is a subsidiary of Capitol Broadcasting
Company, founded in 1937. For more information, visit www.microspace.com.

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, Internet
service providers and government organizations around the world. New Skies
has five satellites in orbit, ground facilities around the world and one
additional spacecraft under construction. The company 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 Beijing, Hong Kong, New Delhi, S„o Paulo, Singapore, Sydney and
Washington, D.C.