Loral Announces Corporate Office Personnel Activity

Loral Announces Corporate Office Personnel Activity 
NEW YORK, NY -- (Marketwire) -- 11/30/12 --   Loral Space &
Communications Inc. (NASDAQ: LORL) today announced that, in
connection with the previously disclosed planned restructuring of its
corporate office as a result of the sale of the Company's former
subsidiary, Space Systems/Loral, the Company expects to implement
certain changes prior to January 1, 2013. These changes include
relinquishing by Michael Targoff of the full time CEO position and
his retention as a consultant to the Board of Directors with primary
responsibility for strategic matters relating to Telesat, oversight
of the ViaSat lawsuit and management of XTAR. Mr. Targoff will
continue in his role as Vice Chairman of the Board of Directors. The
Company expects Mr. Targoff's consulting fees will represent a
substantial reduction from the compensation he currently receives as
The Company is also planning for the phased departures in December
2012 and the first quarter of 2013 of certain other senior executive
officers, with their positions to be filled internally.  
Mr. Targoff also informed the Company that he is planning to sell up
to 300,000 shares of his Loral stock prior to January 1, 2013 as part
of personal financial planning matters, predominantly tax related.
Mr. Targoff will continue to own, along with his wife and other
family interests controlled by him, stock and restricted stock units
representing approximately 500,000 shares of Loral. 
Commenting on the changes, Mr. Targoff said, "Loral continues to be
my most important financial and professional activity. I welcome
these changes which serve to maximize pre- and after-tax cost
efficiencies for the benefit of both the company and me, yet allow me
to continue to be actively engaged in the important strategic
activities that will drive shareholder value." 
About Loral Space & Communications Inc.
 Loral Space & Communications
is a satellite communications company. Loral 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,
Loral's web site at www.loral.com. LORL-G 
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 current Form 10-K and in Loral's quarterly 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
Risks and uncertainties include but are not limited to (1) risks
associated with financial factors, including swings in the global
financial markets, increases in interest rates and access to capital;
(2) risks associated with satellite services, including dependence on
large customers, launch delays and failures, in-orbit failures and
competition; (3) regulatory risks, such as the effect of industry and
government regulations that affect Telesat; (4) litigation risks,
including patent litigation with ViaSat and (5) other risks,
including a possible initial public offering at Telesat that could
adversely affect the market for our common stock. 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.  
Wendy Lewis
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