WorldSpace Asset Purchase Agreement Terminated

SILVER SPRING, Md.--(Business Wire)--
WorldSpace, Inc. ("WorldSpace") announced today that the asset purchase
agreement providing for the sale of substantially all of its assets to Yenura
Pte. Ltd. ("Yenura") had been terminated by WorldSpace's debtor in possession
lenders ("DIP Lenders"). The DIP Lenders exercised their right to terminate the
Yenura purchase agreement after Yenura had defaulted in the payment of certain
amounts payable thereunder and had failed to remedy such defaults within
applicable cure periods. WorldSpace is in discussions with its creditor
constituents regarding, and is reviewing, its strategic alternatives in light of
the notification of the Yenura purchase agreement termination.

About 1worldspace

Based in the Washington, DC metropolitan area, 1worldspace satellites cover
two-thirds of the earth and enable the Company to offer a wide range of
innovative services for consumers, enterprises and governments, including
distance learning, alert delivery, data delivery, and disaster readiness and
response systems. 1worldspace is a pioneer of satellite-based digital radio
services. For more information, visit www.1worldspace.com

Forward-looking Statements

This press release may contain certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations or beliefs about
future events and financial, political and social trends and assumptions it has
made based on information currently available to it. The Company cannot assure
that any expectations, forecasts or assumptions made by management in preparing
these forward-looking statements will prove accurate, or that any projections
will be realized. Such forward-looking statements may be affected by inaccurate
assumptions or by known or unknown risks or uncertainties. Actual results may
vary materially from those expressed or implied by the statements herein. For
factors that could cause actual results to vary, perhaps materially, from these
forward-looking statements, please refer to the Company's Form 10-K, filed with
the Securities and Exchange Commission, and other subsequent filings.
Forward-looking statements contained herein speak only as of the date of this
release. The Company does not undertake any obligation to update or revise
publicly any forward-looking statements, whether to reflect new information,
future events or otherwise.

WorldSpace, Inc.
Donald J. Frickel, 301-960-1215

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