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BERNARD SCHWARTZ TO SPEAK AT MERRILL LYNCH'S
GLOBAL COMMUNICATIONS INVESTOR CONFERENCE

NEW YORK - March 11, 2002 - Bernard L. Schwartz, chairman and CEO of Loral Space & Communications (NYSE:LOR), will speak today at Merrill Lynch's Global Communications Investor Conference. Mr. Schwartz's presentation will be web cast live on Loral's web site at www.loral.com beginning at approximately 4:45 pm.

A replay of the presentation will be available on Loral's web site for a limited time.

AUDIO NO LONGER AVAILABLE

Loral Space & Communications is a high technology company that concentrates primarily on satellite-based services and satellite manufacturing, including broadcast transponder leasing and value added services, domestic and international corporate data networks, broadband data transmission, content and Internet services.

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Contact:
John McCarthy
212/338-5345