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LORAL SPACE & COMMUNICATIONS TO HOST YEAR-END AND
FOURTH QUARTER 2002 RESULTS CONFERENCE CALL

April 1, 2003

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 results for the periods ending December 31, 2002. A press release on the periods' results will be issued after the market closes on March 31, 2003.

The call will begin at 9:30 a.m. EST on Tuesday, April 1, 2003. A replay will be available for one week.

The call replay is no longer available

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