PanAmSat Holding Corporation Prices Initial Public Offering at $18.00 Per Share WILTON, Conn., March 16 /PRNewswire-FirstCall/ -- PanAmSat Holding Corporation announced today that its initial public offering of 50,000,000 shares of common stock has been priced at $18.00 per share. The shares are scheduled to begin trading March 17, 2005 on the New York Stock Exchange under the ticker symbol "PA." To the extent that the underwriters sell more than 50,000,000 shares of common stock, the underwriters have the option to purchase up to an additional 6,000,000 shares from PanAmSat Holding Corporation. Morgan Stanley & Co. Incorporated, Citigroup Global Markets Inc. and Merrill Lynch & Co. are serving as joint-book running managers of the offering. Credit Suisse First Boston LLC, Bear, Stearns & Co. Inc., Banc of America Securities LLC, Deutsche Bank Securities Inc., RBC Capital Markets Corporation, UBS Securities LLC and Wachovia Capital Markets, LLC are co-managers of the offering. The public offering is being made by means of a prospectus, copies of which may be obtained from: -- Morgan Stanley & Co. Incorporated, Prospectus Departments, 1585 Broadway, New York, NY 10036, (Tel: 212-761-4000), -- Citigroup Global Markets Inc., Prospectus Department, Brooklyn Army Terminal, 7th Floor, 140 58th Street, Brooklyn, NY 11220, (Tel: 718-765-6813), or -- Merrill Lynch & Co., Prospectus Department, 4 World Financial Center, New York, NY 10080, (Tel: 212-449-1000). The following statement is included in this press release in accordance with Rule 134(b)(1) of the Securities Act of 1933, as amended: A registration statement relating to shares of common stock of PanAmSat Holding Corporation has been declared effective by the Securities and Exchange Commission. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. DATASOURCE: PanAmSat Corporation CONTACT: Kathryn Lancioni of PanAmSat Corporation, +1-203-210-8000 Web site: http://www.panamsat.com/

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