Press Releases

Telesat Canada announces the redemption price on its 8.20% Series 2001 Notes due November 8, 2008

OTTAWA, CANADA, NOVEMBER 28, 2007 - Telesat Canada announced today that the redemption price payable upon tender of its 8.20% 2001 Series Notes, called for redemption on November 30, 2007 is $103.467 per $100.00 of principal value plus interest accrued from November 8, 2007 to the redemption date.

About Telesat

Headquartered in Ottawa, Canada, with offices and facilities around the world, Telesat is the fourth largest fixed satellite services operator. The company provides reliable and secure satellite-delivered communications solutions to broadcast, telecom, corporate and government customers. Telesat has a global state-of-the-art fleet of 12 satellites and three additional satellites under construction, and manages the operations of 13 additional satellites for third parties. Telesat is privately held. Its principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL).

For more information:

Ted Ignacy
Telesat Canada
(613) 748-0123

Dan Tisch or Kyla Thoms (media only)
Argyle Communications
(416) 968-7311 Ext. 223 or 237
dtisch@argylecommunications.com
kthoms@argylecommunications.com