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LORAL SPACE & COMMUNICATIONS TO HOST FIRST QUARTER
2003 RESULTS CONFERENCE CALL

May 14, 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 first quarter 2003 results. A press release on the quarter's results can be found HERE.

The web cast will begin at 11:00 a.m. EDT on Wednesday, May 14, 2003.

The web cast and telephone replays are no longer available.

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