Eutelsat Communications' Annual General Meeting of Shareholders of 8 November 2012

Eutelsat Communications' Annual General Meeting of Shareholders of 8 November

PR Newswire

PARIS, November 8, 2012

PARIS, November 8, 2012 /PRNewswire/ --

All resolutions approved including:

  oFiscal 2011-2012 accounts
  oDividend of 1 euro per share, up 11% on dividend for 2010-2011
  oBy-lawsrevised to comply withcorporate governance best practicefor
    directors' term of office: reduced from six to four years
  oAppointment of Miriem Bensalah Chaqroun and Elisabetta Oliveri as
    independent directors

The Ordinary and Extraordinary Annual General Meeting of Shareholders of
Eutelsat Communications (Euronext Paris: ETL) was held today in Paris under
the chairmanship of Jean-Martin Folz, Chairman of the Board. All resolutions
put to the vote were approved, including the accounts for fiscal 2011-2012 and
the proposed change to company by-laws.

Shareholders also approved the proposal to distribute 1 euro per share, an
increase of 11% over the previous year. This distribution, which represents a
pay-out ratio of 67%, will be paid on 22 November 2012.

Board appointments

Two women have been appointed to the Board as independent directors:

Miriem Bensalah Chaqroun (a Moroccan national) holds an MBA from the
University of Dallas (Texas). She is CEO of Les Eaux Minérales d'Oulmès
(Holmarcom Group, of which she is also a Board member) and a board member of
Bank Al Maghrib (the National Central and Reserve Bank of Morocco). She heads
Morocco's employers' union, the Confédération Générale des Entreprises du

Elisabetta Oliveri (an Italian national) is a graduate in electronic
engineering from the University of Genoa (Italy). She is CEO of Gruppo Fabbri
Vignola and a Board member of Gruppo Editoriale L'Espresso, Azienda Trasporti
Milano and SNAM (ENI Group).

Michel de Rosen, Chief Executive Officer, commented on the 2011-2012 financial

"Eutelsat Communications continues to deliver profitable growth, with revenues
up 4.6% and the highest EBITDA margin among leading satellite operators. Our
order backlog exceeded €5 billion, equivalent to 4.3 times annual revenues,
lending high long-term visibility. Demand for satellite capacity across our
footprint remains strong and we continue to optimise our fleet of current and
upcoming satellites in order to capture growth in video, data and broadband
markets in Europe, the Middle East, Africa and Asia. We remain committed to
delivering profitable growth and shareholder value, targeting an EBITDA margin
of around 77% in each of the next three years, and upgrading our dividend
policy, with a payout ratio of 65-75% from the previous floor of 50%."

Jean-Martin Folz, Chairman of the Board, commented on the appointment of new
Board members:
"I am delighted to welcome two additional women to our Board. Theexceptional
professional and international experienceof bothMiriem Bensalah Chaqroun
andElisabetta Oliveriwill be a strong asset to our Group."

Financial calendar for 2012-2013

  oFebruary 7, 2013: earnings for the first half ended December 31, 2012
  oMay 7, 2013: revenues for third quarter ended March 31, 2013
  oJuly 30, 2013: earnings for the full year ended June 30, 2013

About Eutelsat Communications

Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is the
holding company of Eutelsat S.A. With capacity commercialised on 29 satellites
that provide coverage across Europe, as well as the Middle East, Africa and
significant parts of Asia and the Americas, Eutelsat is one of the world's
three leading satellite operators. As of 30 September 2012 Eutelsat's
satellites were broadcasting more than 4,400 television channels to over 200
million cable and satellite homes in Europe, the Middle East and Africa. The
Group's satellites also serve a wide range of fixed and mobile
telecommunications services, TV contribution markets, corporate networks, and
broadband markets for Internet Service Providers and for transport, maritime
and in-flight markets. Eutelsat's broadband subsidiary, Skylogic, markets and
operates high speed Internet services through teleports in France and Italy
that serve consumers, enterprises, local communities, government agencies and
aid organisations in Europe, Africa, Asia and the Americas. Headquartered in
Paris, Eutelsat and its subsidiaries employ just over 750 commercial,
technical and operational professionals. This culturally diverse staff
comprises employees from 30 countries.

SOURCE Eutelsat Communications

Contact: Press: Vanessa O'Connor, Tel: +33-1-53-98-37-91,; Frédérique Gautier, Tel: +33-1-53-98-37-91,; Marie-Sophie Ecuer, Tel: +33-1-53-98-37-91,; Investors and analysts, Lisa Finas, Tel:
+33-1-53-98-35-30,; Leonard Wapler, Tel.
: +33-1-53-98-31-07,
Press spacebar to pause and continue. Press esc to stop.