SPACEHAB, Incorporated
, a leading provider of commercial space services, today
announced that it has rescheduled the date for its release of the Company’s
second quarter fiscal year 2004 financial results to Monday, February 9, 2004
before market open. SPACEHAB announced earlier today that the Company
completed the refinancing of its Spacecraft Processing Facility in Titusville,

SPACEHAB will host a conference call on February 9, 2004 at 10:00 a.m.
Central time following the earnings release. During the call, management will
discuss the Company’s second quarter financial results as well as other recent
and potential future developments relating to SPACEHAB. To participate on the
call, please register with Haris Tajyar, Investor Relations International, at
818-382-9702. To participate via the Internet, visit the Investor Relations
section of the SPACEHAB website at . A taped replay will be
available following the conference call and accessible via access code
21649855 until 11:59 p.m. Eastern time on February 10, 2004 at 800.252.6030
(domestic calls) or 402.220.2491 (international calls). An audio archived
webcast of the conference call will be available on the Company website for
approximately 90 days.

About SPACEHAB, Incorporated

SPACEHAB, Incorporated ( ) is a leading provider of
commercial and government space services with three primary business units.
The Flight Services business unit develops, owns, and operates habitat and
laboratory modules and cargo carriers aboard NASA’s Space Shuttles for Space
Station resupply and research purposes. SPACEHAB’s Astrotech subsidiary
provides payload processing support services for both commercial and
government customers at company-owned facilities in Florida and California.
The Company’s Government Services business unit supports NASA’s Johnson Space
Center providing configuration management, product engineering, and support
services for both the Space Station and Space Shuttle programs. Additionally,
through The Space Store, Space Media provides space merchandise to the public
and space enthusiasts worldwide ( ).

The statements in this document may contain “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such statements are subject to
risks and uncertainties that could cause actual results to differ materially
from those projected in the statements. In addition to those risks and
uncertainties discussed herein, such risks and uncertainties include, but are
not limited to, whether the Company will fully realize the economic benefits
under its U.S. National Aeronautics and Space Administration (“NASA”) and
other customer contracts, whether NASA and other customers will continue to
utilize the Company’s habitat modules and related commercial space assets,
whether plans to complete the International Space Station (“ISS”) are
fulfilled, continued availability and use of the U.S. Space Shuttle system,
technological difficulties, product demand and market acceptance risks, the
effect of economic conditions, uncertainty in government funding, the impact
of competition, delays and uncertainties in future space shuttle and ISS
programs, resolution of the Company’s indemnification claim with NASA arising
from the loss of the Columbia orbiter and its crew during the STS-107 mission,
and other risks described in reports filed by the Company with the Securities
and Exchange Commission. The Company assumes no obligation to update these
forward-looking statements.


Kimberly Campbell
Director of Marketing and Communications