Inmarsat completes offering of Senior Notes

Inmarsat - completes offering of Senior Notes

London. 5 April 2012. Inmarsat plc announces the completion of an offering of debt securities through Inmarsat Finance plc, a wholly-owned subsidiary company. Inmarsat sold US$200 million of 7.375% Senior Notes due 2017. The offering was completed at a price of 106% plus accrued interest, and the new notes will be treated as one class of securities, having the same terms and rights, as Inmarsat's existing 7.375% Senior Notes due 2017 in all respects. The company intends to use the net proceeds (after fees and expenses) of US$208.4 million for general corporate purposes. The new notes will be issued on 11 April 2012, subject to customary closing conditions.

Certain statements in this announcement constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from those projected in the forward-looking statements. These factors include: general economic and business conditions; changes in technology; timing or delay in signing, commencement, implementation and performance of programmes, or the delivery of products or services under them; structural change in the satellite industry; relationships with customers; competition; and ability to attract personnel. You are cautioned not to rely on these forward-looking statements, which speak only as of the date of this announcement. We undertake no obligation to update or revise any forward-looking statement to reflect any change in our expectations or any change in events, conditions or circumstances.

Contact

Investor enquiries:

Simon Ailes

Tel: +44 (0)20 7728 1518

[email protected]