Financing Agreement for AMOS-5 Satellite

Spacecom, Amos satellite operator has signed with a financing agreement worth 140 million dollars with Migdal and Mivtachim company to construct and launch of satellite Amos-5, expected to be launched during 2011 and work approximately 15 years. Amos-5 will be positioned in a new location over Africaa and will allow expansion of the company's services all over the African continent and parts of Europe and the Middle East.

Amos -5 booking services have already begun,and the company reported recently that it has signed an agreement worth 28 million dollars with an ( undiscloed) European client that operates in Africa.