Space Imaging announced today the
establishment of European Space Imaging, the company’s newest commercial
Regional Affiliate. As a Regional Affiliate, European Space Imaging will have
the ability to collect and sell Earth imagery and related products from the
IKONOS satellite. The headquarters as well as the receiving antenna and
processing facility will be located in Munich, Germany. The contract was
signed Oct. 16, 2002. Owned and operated by Space Imaging, IKONOS is the
world’s first high-resolution commercial imaging satellite.

“European Space Imaging represents an important step in our business
model. The capabilities of Space Imaging’s Regional Affiliate program and the
IKONOS system are truly unique to this industry,” said John Copple, Space
Imaging’s chief executive officer. “European demand for high-resolution
satellite imagery comes from a diverse range of government and commercial
clients. Because of this healthy market demand, I’m confident that this
ground station will see a significant return on investment.”

Markets that will benefit from the quality, speed and accuracy of the
IKONOS system include mapping, urban planning, telecommunications, national
security, infrastructure planning, disaster assessment, agriculture and
forestry.

“We are close to building out the first phase of our worldwide network of
Regional Affiliates and European Space Imaging is a major cornerstone to the
program,” said Conrad Mueller, vice president of Global Alliances and Advanced
Systems. “This network creates a solid foundation for the development of our
next- generation, high-resolution system which will be operational in 2006.”

The formation of European Space Imaging represents the latest step forward
in the development of a global network of commercial independent companies
dedicated to directly supplying high-resolution Earth imagery and geospatial
products to customers around the world. Other Regional Affiliates include
Space Imaging Middle East (Dubai), Space Imaging Eurasia (Ankara), Japan Space
Imaging (Tokyo), Space Imaging Asia (Seoul), and Space Imaging Southeast Asia
(Bangkok).

About Space Imaging

Space Imaging is a leading supplier of visual information products and
services derived from space imagery and aerial photography. The company
launched the world’s first high-resolution, commercial Earth imaging
satellite, IKONOS(TM), on Sept. 24, 1999. Other products are produced from
the Indian Remote Sensing satellites, the U.S. Landsat satellites and Canada’s
RADARSAT. Space Imaging also delivers aerial-derived imagery products
collected by its own Digital Airborne Imaging System (DAIS-1(TM)). For more
information about Space Imaging visit its web site at www.spaceimaging.com.