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Inmarsat and LightSquared Agree Amended Terms for Cooperation Agreement

LONDON April 20, 2012

US$56.25 million

31 March 2014 US$29.6 million 31 March 2012

1 April 2014 4 April 2012

As a result of the amendment announced today, LightSquared will no longer be in default in relation to any payments under the Cooperation Agreement. Notices of default issued by Inmarsat to LightSquared in relation to previous non-payment events will no longer have any effect.

North America

SOURCE Inmarsat

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