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BERNARD L. SCHWARTZ TO SPEAK AT LEHMAN BROTHERS
2002 GLOBAL WIRELESS CONFERENCE

NEW YORK - May 20, 2002 - Bernard L. Schwartz, chairman and CEO of Loral Space & Communications (NYSE:LOR), will speak today at the Lehman Brothers 2002 Global Wireless Conference.

Lehman Brothers' live web cast of Mr. Schwartz's presentation (audio only) will begin at approximately 10:45 am EDT.

The webcast replay is 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 and Internet services.

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Questions? Call Loral Investor Relations at 212-338-5347.