NSE New Skies Satellite Hlds Ltd

New Skies Satellites Holdings Ltd. (NYSE:NSE) announced today that its board of directors has declared a partial quarterly cash dividend for the period from May 13, 2005 to June 30, 2005, in the amount of $0.252146 per share, payable on or about July 15, 2005 to shareholders of record on June 30, 2005. Dan Goldberg, chief executive officer of New Skies, said: "I am very pleased with the progress we have made following our recent public offering. The initiation of our regular quarterly cash dividend is a clear reflection of our confidence in our commercial prospects going forward and our ability to continue generating strong cash flows from operating activities, historically demonstrated by New Skies' stable and predictable revenue stream and high operating margins. Today's action also underscores our commitment to return value to shareholders". New Skies expects to continue paying quarterly dividends at an annual rate of $1.8525 per share for the first four full fiscal quarters. About New Skies Satellites New Skies Satellites is one of only four fixed satellite communications companies with global satellite coverage, offering data, video, Internet and voice communications services to a range of telecommunications carriers, broadcasters, large corporations, Internet service providers and government entities around the world. New Skies has five satellites in orbit and ground facilities around the world. The company has one additional spacecraft under construction, NSS-8, which is currently projected to be available to enter commercial service in mid 2006, and also has secured certain rights to make use of additional orbital positions for future growth. New Skies Holdings Ltd. is headquartered in Hamilton, Bermuda, and has subsidiaries with offices in The Hague, Hong Kong, New Delhi, Sao Paulo, Singapore, Sydney and Washington, D.C.