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LORAL SPACE & COMMUNICATIONS
TO HOST SECOND QUARTER RESULTS CONFERENCE CALL

July 31st, 2002

Loral Space & Communications Ltd. (NYSE: LOR) invites shareholders, analysts and professional investors to participate in a conference call with Loral chairman and chief executive officer, Bernard L. Schwartz, to discuss Loral's second quarter 2002 results, which will be announced prior to the market opening on July 31, 2002.

The call will begin at 11:00 a.m. EDT on Wednesday, July 31, 2002. A replay will be available for one week.

*The telephone and webcast replay are no longer available*

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