Press release

Intelsat Announces Proposed Offering of $300 Million of Intelsat Jackson 9.750% Senior Notes Due 2025

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Intelsat S.A. (NYSE:I) (“Intelsat”)
announced today that its indirect wholly-owned subsidiary, Intelsat
Jackson Holdings S.A. (“Intelsat Jackson”),
intends to offer $300 million aggregate principal amount of its 9.750%
senior notes due 2025 (the “Notes”). The
offering would constitute an offering of additional notes having the
same terms as Intelsat Jackson’s existing 9.750% Senior Notes due 2025
(other than issue price).

Intelsat Jackson’s obligations under the Notes will be guaranteed by
certain of Intelsat Jackson’s subsidiaries that guarantee its
obligations under its senior secured credit facilities. In addition,
Intelsat, Intelsat Investment Holdings S.à r.l., Intelsat Holdings S.A.,
Intelsat Investments S.A., Intelsat (Luxembourg) S.A. and Intelsat
Connect Finance S.A., which are direct or indirect parent companies of
Intelsat Jackson, will guarantee the Notes as of their issue date.

The net proceeds from the sale of the Notes are expected to be used by
Intelsat Jackson for working capital and general corporate purposes,
which may include, among other things, the funding of capital
expenditures, future strategic transactions and repayment of our
existing indebtedness.

The Notes will be offered and sold to qualified institutional buyers in
accordance with Rule 144A under the Securities Act of 1933, as amended
(the “Securities Act”), and to persons
outside the United States in accordance with Regulation S under the
Securities Act and applicable exemptions from registration, prospectus
or like requirements under the laws and regulations of the relevant
jurisdictions outside the United States. The Notes will not be
registered under the Securities Act and, unless so registered, may not
be offered or sold in the United States except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements
of the Securities Act and applicable state securities laws. The Notes
will also not be registered in any jurisdiction outside of the United
States and no action or steps will be taken to permit the offer of the
Notes in any such jurisdiction where any registration or other action or
steps would be required to permit an offer of the Notes.

The Notes may therefore not be offered or sold in any such jurisdiction
except pursuant to an exemption from, or in a transaction not subject
to, the relevant requirements of laws and regulations of such
jurisdictions.

No prospectus as required by the Directive 2003/71/EC (and the
implementing laws and regulations in the relevant member states) has
been filed with respect to the Notes and therefore no offers of Notes
may be made in any Member States of the European Economic Area unless
made pursuant to an exemption under the Directive 2003/71/EC (and the
implementing laws and regulations in the relevant Member States).

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes or any other securities of
Intelsat, nor shall there be any offer, solicitation or sale of the
Notes in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful.

About Intelsat

Intelsat S.A. (NYSE:I) operates the world’s first Globalized Network,
delivering high-quality, cost-effective video and broadband services
anywhere in the world. Intelsat’s Globalized Network combines the
world’s largest satellite backbone with terrestrial infrastructure,
managed services and an open, interoperable architecture to enable
customers to drive revenue and reach through a new generation of network
services. Thousands of organizations serving billions of people
worldwide rely on Intelsat to provide ubiquitous broadband connectivity,
multi-format video broadcasting, secure satellite communications and
seamless mobility services. The end result is an entirely new world, one
that allows us to envision the impossible, connect without boundaries
and transform the ways in which we live.

Intelsat Safe Harbor Statement

Statements in this news release, including statements regarding the
completion and timing of the offering of the Notes and the expected use
of proceeds therefrom, constitute “forward-looking statements” that do
not directly or exclusively relate to historical facts. When used in
this release, the words “may,” “will,” “might,” “should,” “expect,”
“plan,” “anticipate,” “project,” “believe,” “estimate,” “predict,”
“intend,” “potential,” “outlook,” and “continue,” and the negative of
these terms, and other similar expressions are intended to identify
forward-looking statements and information.

The forward-looking statements reflect Intelsat’s intentions, plans,
expectations, anticipations, projections, estimations, predictions,
outlook, assumptions and beliefs about future events and are subject to
risks, uncertainties and other factors, many of which are outside of
Intelsat’s control. Important factors that could cause actual results to
differ materially from the expectations expressed or implied in the
forward-looking statements include known and unknown risks. Known risks
include, among others, market conditions and the risks described in
Intelsat’s annual report on Form 20-F for the year ended December 31,
2018, and its other filings with the U.S. Securities and Exchange
Commission.

Because actual results could differ materially from Intelsat’s
intentions, plans, expectations, anticipations, projections,
estimations, predictions, assumptions and beliefs about the future, you
are urged to view all forward-looking statements with caution. Intelsat
does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.