Loral Space & Communications to Host Conference Call and Webcast

NEW YORK, May 18, 2009 (GLOBE NEWSWIRE) -- Loral Space & Communications
(Nasdaq:LORL) will hold its annual shareholder meeting on Tuesday, May 19, 2009
at 10:30 a.m. EDT. Shareholders, analysts and professional investors are invited
to participate in a conference call and simultaneous webcast with Loral chief
executive officer Michael B. Targoff, who will discuss operations and answer
questions following the meeting.

The call and webcast will begin at 10:30 am ET on Tuesday, May 19, 2009.

Participants should dial 877-604-9673 to listen by telephone and to ask
questions.

Date: May 19, 2009
Time: 10:30 AM ET
Listen via Internet: http://investor.loral.com/

Schedule this webcast into MS-Outlook calendar (click open when prompted):
http://apps.shareholder.com/PNWOutlook/t.aspx?m=36842&k=686762C3

Telephone: 877-604-9673 (Toll Free)
Telephone: 719-325-4926
The webcast and slide presentation can be accessed on Loral's web site
(www.loral.com) under "Events & Presentations" in the Investor Relations
section. The webcast will be available on Loral's web site for 30 days.

Loral Space & Communications is a satellite communications company. It is a
world-class leader in the design and manufacture of satellites and satellite
systems for commercial and government applications including fixed satellite
services, direct-to-home television, broadband communications, wireless
telephony, weather monitoring and air traffic management. Loral also owns 64
percent of Telesat Canada, a global operator of telecommunications and direct
broadcast satellites used to distribute video entertainment programming,
broadband data, and provide access to Internet services and other value-added
communications services. For more information, visit Loral's web site at
www.loral.com.

This document contains forward-looking statements within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. When used in this press
release, the words "believes," "expects," "plans," "may," "will," "would,"
"could," "should," "anticipates," "estimates," "project," "intend" or "outlook"
or other variations of these words or other similar expressions are intended to
identify forward-looking statements and information. In addition, Loral Space &
Communications Inc. or its representatives have made or may make forward-looking
statements, orally or in writing, which may be included in, but are not limited
to, various filings made from time to time with the Securities and Exchange
Commission, and press releases or oral statements made with the approval of an
authorized executive officer of the company. Actual results may differ
materially from anticipated results as a result of certain risks and
uncertainties which are described as "Risk Factors" and in the "Commitments and
Contingencies" note to our financial statements in the most recent annual report
on Form 10 K and in subsequent reports on Form 10-Q. The reader is specifically
referred to these documents, as well as the company's other filings with the
Securities and Exchange Commission. Risks and uncertainties include but are not
limited to (1) risks associated with financial factors and our investment in
Telesat Canada, including the global economic downturn, our history of losses,
financial covenants in SS/L's credit agreement, the structure of our investment
in Telesat, Telesat's leverage and volatility in Canadian/U.S. exchange rates;
(2) risks associated with satellite manufacturing, including competition,
contractual risks, creditworthiness of customers, performance of suppliers and
management of our factory and personnel; (3) risks associated with satellite
services, including dependence on large customers, launch delays and failures,
in-orbit failures and competition; (4) regulatory risks, such as the effect of
U.S. export control and economic sanction laws and U.S., Canadian and foreign
government regulation of satellite services; and (5) other risks, including
possible conflicts of interest with our significant shareholder, litigation and
market risks. The foregoing list of important factors is not exclusive.
Furthermore, Loral operates in an industry sector where securities values may be
volatile and may be influenced by economic and other factors beyond Loral's
control.

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CONTACT: Loral Space & Communications
Wendy Lewis
650-704-7502