Bangkok--15 Nov--Shin Satellite Shin Satellite Public Company Limited (“SATTEL”) today reported the third quarter results ended September 30th, 2007. The Company’s total revenues was Baht 6,879 million, an increase of 280% compared to the same period of last year, due to a gain of Baht 5,127 million on the sale of 49% shares in Shenington. In this quarter, revenue from transponder leasing on Thaicom 4 (IPSTAR) was higher than that in 3Q06 and 2Q07. As the Company sold 6,850 IPSTAR User Terminals, the accumulative number of User Terminals sold at the end of 3Q07 is 93,153 units. In September 2007, the Company has signed a Cooperation Agreement with TIME dotcom Berhad (“TIME”), a Malaysia’s leading Telecommunications solutions provider, to deploy IPSTAR broadband satellite services in Malaysia within 4Q07. Moreover, the Company has forged an alliance with TNR Telecoms Incorporation to operate the IPSTAR gateway and to provide IPSTAR services in the Philippines. The continued growth of telephone subscribers in both Cambodia and Lao PDR led to an increase in revenues generated from CamShin and LTC. At the end of 3Q07, CamShin and LTC had the total of 1,177,036 subscribers. With regards to the selling of 49% in Shenington, the Company has recognized revenue and expense in proportion of 51% since July 26, 2007. In the Internet access and media business, the revenue was Baht 62 million, an increase of Baht 43 million or 266.3% compared to the same period of last year. This was due to an increase in revenue from a steady growth in DTV sales, a low cost Ku-band satellite dish and set top box. In addition, the Company has launched the HDTV push video-on-demand service in this quarter called HD Cinema via the THAICOM-4 (IPSTAR) platform. HDTV provides much clearer picture quality and higher resolution than traditional format. Shin Satellite’s consolidated financial statement reported a net profit of Baht 3,143 million. In this quarter, the interest expense decreased Baht 81 million. Also a continuation of the Baht appreciation resulted in a gain on exchange of Baht 287 million, an increase of 99% over Baht 144 million in 3Q06. Nuchsara Thoundthad CCO Department Shin Satellite Plc, 41/103 Rattanathibet Rd., Nonthaburi 11000, Thailand. TEL: (+662) 591-0736 to 49 Ext. 8493 FAX: (+662) 591 0705 E-mail: [email protected], n_thoundthad@hotmail.com