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Investor Update

18 June 2012

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Disclaimer

This presentation contains forward-looking statements. When used in this presentation, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," believe," "continue," "should," “anticipated,” “proposed,” “will”

and similar expressions, and the negative of such expressions, are forward-looking statements. These statements are only predictions. Actual events or results may differ materially. Although NewSat believes that the expectations

reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual outcomes will be consistent with these forward-looking statements.

This presentation has been prepared by NewSat Limited (ACN 003 237 303) (“NewSat”) for the sole purpose of providing an overview of its Jabiru-1 satellite and associated funding arrangements to recipients (each a “Recipient”).

The presentation is based on information available to NewSat as at the date of the presentation. The presentation contains selected information and does not purport to be all inclusive or to contain all information that may be relevant to

the Recipient. The Recipient acknowledges that circumstances may change and this presentation may become outdated as a result. NewSat accepts no obligation to update or correct this presentation. This presentation should be read

in conjunction with NewSat’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au.

No representation or warranty, express or implied, is made as to the fairness, accuracy, reliability, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent

permitted by law, none of NewSat, its directors, employees, agents or advisers, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it,

including, without limitation, any liability arising from fault or negligence on the part of NewSat or its directors, employees, agents or advisers.

Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Nothing in this presentation is a promise or representation

as to the future. Statements or assumptions in this presentation as to future matters may prove to be incorrect and differences may be material. NewSat does not make any representation or warranty as to the accuracy of such

statements or assumptions.

The information in this presentation does not take into account the investment objectives, financial situation and particular needs of any Recipient, and each Recipient is responsible for conducting its own examination of NewSat and

assessment of the merits and risks of investing in NewSat's shares. The Recipient should not make an investment decision on the basis of this presentation alone and the Recipient should conduct its own independent investigation and

assessment of NewSat and the content of this presentation and should seek such legal, financial and taxation advice as it deems necessary or appropriate before making an investment decision. Nothing in this presentation constitutes

financial product, investment, legal, tax or other advice. Nothing in this presentation should be construed as a solicitation or recommendation to buy or sell any security or to engage or refrain from engaging in any dealing in any

security. NewSat is not licensed to provide financial product advice in respect of its shares and no cooling off period applies in respect of any acquisition of its shares.

An investment in NewSat is subject to known and unknown risks, some of which are beyond the control of NewSat, including possible loss of income and principal invested. NewSat does not guarantee any particular rate of return or

the performance of NewSat, nor does it guarantee the repayment of capital from NewSat or any particular tax treatment. Recipients should have regard to NewSat’s other periodic and continuous disclosure documents in addition to the

risk factors outlined in this presentation when making their investment decision and should consult such advisers as Recipients consider necessary before making an investment decision.

This presentation is not an offer or invitation to acquire shares in NewSat and is not a prospectus. It is for information purposes only. This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any shares

in the United States. Any shares offered and sold by NewSat have not been, and will not be, registered under the US Securities Act of 1933 (“Securities Act”) or the securities laws of any state or other jurisdiction of the United States,

and may not be offered or sold in the United States unless the securities have been registered under the Securities Act, or in a transaction exempt from, or not subject to, the registration requirements of the Securities Act. Offers in

Australia of shares under any Placement of the nature proposed in this presentation would only be made to persons who are "sophisticated investors" or "professional investors" (within the meaning of section 708(8) and section 708(11)

of the Australian Corporations Act respectively) or otherwise pursuant to one or more exemptions under section 708 of the Australian Corporations Act so that it is lawful to offer the shares in Australia without disclosure to investors

under Part 6D.2 of the Australian Corporations Act.

All dollar values are in Australian dollars (A$) unless otherwise stated. Investors should note that this presentation contains pro forma financial information. Such pro forma financial information has been prepared by NewSat in

accordance with the measurement and recognition requirements, but not the disclosure requirements, of applicable accounting standards and other mandatory reporting requirements in Australia. Recipients should also note that the

pro forma financial information does not purport to be in compliance with Article 11 of Regulation S-X of the Rules of the US Securities and Exchange Commission.

Financial data is presented at actual foreign exchange rates unless otherwise stated. A number of figures, amounts, percentages, estimates, calculations of value and fractions are subject to the effect of rounding. Accordingly, the

actual calculations of these figures may differ from figures set out in this presentation.

This presentation includes certain financial data that is a “non-GAAP financial measure” under Regulation G of the U.S. Securities Exchange Act of 1934. NewSat reports its financial results under IFRS. There are certain differences

between U.S. GAAP and IFRS, including with respect to treatment of satellite life.

Photographs, maps, charts, diagrams and schematic drawings appearing in this presentation are owned by and have been prepared by or commissioned by NewSat, unless otherwise stated. Maps and diagrams used in the

presentation are illustrative only and may not be drawn to scale. Unless otherwise stated, all data contained in charts, graphs and tables is based on information available at the date of this presentation.

NewSat’s advisers have not been involved in the preparation of, and have not authorised, permitted or caused the issue, lodgement, submission, dispatch or provision of this presentation and do not make or purport to make any

statement in this presentation. There is no statement in this presentation which is based on any statement made by NewSat’s advisers.

This presentation contains information prepared by third parties. NewSat takes no responsibility for the accuracy, currency, reliability and correctness of any information provided by third parties, or of any third party material included

within this presentation either directly or by reference.

By accepting, viewing, downloading or otherwise accessing this presentation the Recipient agrees to be bound by the foregoing statements.

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

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NewSat Investment Highlights

Compelling Intersection of High-growth Applications and Geographies

Early Mover in Ka-Band Based on an Established FSS Economic Model

Leveraging Existing Teleport Business Expertise

Balance Sheet to be Anchored by Attractive Export Credit Financing

A Scalable, Leveraged Play on Emerging Market Growth

Veteran Management Team

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Michael Hewins

Chief Operating Officer

>30 years of executive

management experience in

global space industry

Satellite Experience:

AON / International Space

Brokers (Chief Commercial

Officer)

Adrian Ballintine

Founder and CEO

>30 years of global technology

experience


2011 Teleport Executive of the

Year and Director of the World

Teleport Association

David Ball

Chief Technology Officer

20 years of experience in

satellite and communication

sectors


Intelsat (Managing Director Asia

Pacific), PanAmSat

William

Abbott

Corporate

Counsel

>30 years corporate law

experience including capital

raising, commercial

financing, corporate

governance, compliance and

enforcement

Mike

Kenneally

VP – Satellite

Strategy

>30 years global ICT and

satellite experience with

Telecom NZ, Optus, Telstra,

Lockheed Martin

Len

McGoldrick

VP – Engineering

& Operations

25 years experience in

satellite operations with

SES New Skies, British

Telecom

Andrew

Matlock VP – Sales

>25 years experience in the

telco and technology sectors,

including at Calcomp Inc.

(division of Lockheed Martin)

Adam

Shapiro

Chief Financial

Officer /

Company

Secretary

>10 years financial sector

experience at

PriceWaterhouseCoopers and

Ernst & Young in assurance

and advisory

Merv

Kuek VP – Marketing

>10 years marketing and

communications experience,

including Telstra and Crazy

John’s (subsidiary of

Vodafone Australia)

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Growth in FSS still Exists in Emerging Markets and Ka-band Applications

Historical Transponder Usage by Region (1)

Source Euroconsult

0

1,750

3,500

5,250

7,000

2005 2006 2007 2008 2009 2010

Source Euroconsult

(TPE (2))

Americas

’05- ’10

CAGR

3.1%

16.5%

14.5%

4.5%

4.8%

11.6%

10.8%

Jabiru-1 target

markets are high

growth markets

(TPE (2))

0

6,000

12,000

18,000

24,000

2006 2008 2010 2012 2014 2016 2018 2020

C-band

Ka-band

Ku-band

Historical Forecast

42% Ka-band

demand CAGR

’11 – ‘20

Note:

1. Excludes multispot beam Ka-band demand, which has been relatively small historically

2. 36MHz transponder equivalents

Global Capacity Demand by Frequency Band

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NewSat Positioned at the Frontier of High Demand Growth

Application vs. Geographic Demand Growth for Global Satellite Operators

Application Focus (1)

Geo

gra

ph

ic F

ocu

s

Source Euroconsult, NewSat analysis

Note:

1. Applications include one or a combination of TV broadcasting, consumer broadband, mobile broadband, trunking and backhaul, video, telecom,

enterprise, and data

Lower Geographic

Demand Growth

Higher Geographic

Demand Growth

Lower Application

Demand Growth

Higher Application

Demand Growth

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High Bandwidth Data Applications Drive Growth

Enterprise Data Networking Government and Military Operations

Opportunity

Why Satellite

Existing & Potential

Customers / End Users

Source Euroconsult

Reliance on time-sensitive data/connectivity

Growth in remote oil, gas and mining operations

Increased automation and service levels drive data

requirements

Reliable communications for offshore / remote areas

Provides connectivity across multiple sites / operating

locations

Backup for enterprise networks

Accredited to provide services to certain Govt’s / military

Increased utilisation of data-rich technologies (e.g. UAV’s)

Increasing Government reliance on private sector

Ongoing conflicts in Middle East / North Africa region

Small % of operating costs / defence budgets

Reliable, secure and capable

High bandwidth applications

Connectivity across multiple sites (e.g. mobile, airborne,

maritime)

Source Euroconsult

0

80

160

240

2010 2012 2014 2016 2018 2020

Ka-band Satellite Terminals in Jabiru-1 Regions (1)

(‘000s of VSATs)

60% CAGR

to ’11-’20

Middle East / North Africa

0

5

10

15

20

2010 2012 2014 2016 2018 2020

Global Milsatcom Demand for Commercial Capacity (1)

(Gbps) 12% CAGR

to ’11-’20

Americas

’11- ’20

CAGR

11.2%

13.1%

9.9%

Growth

Note:

1. Historical and expected future

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High Bandwidth Data Applications Drive Growth (cont’d)

Note:

1. Historical and expected future

2. Average instantaneous traffic load spread across all cellsites and subscribers

0

250

500

750

2010 2011 2012 2013 2014 2015 2016 2017

2G 3G 4G

3G / 4G Mobile Backhaul

Opportunity

Growth

Why Satellite

Global Mobile Network Traffic Volumes (1)(2)

Broadband Connectivity

(Tbps)

Source Ovum

Middle East /

Africa ’11’-’17

4G CAGR:

133%

Asia Pacific

’11-’17

4G CAGR:

137%

Critical to service delivery

Rapid growth in mobile data volume / smartphones

Customers seek large bandwidth volumes

Reliable connection into fixed/fibre networks

Cost effective

Routing diversity, backup against bottlenecks and

unreliable infrastructure

Increased internet penetration and population growth

(particularly in emerging markets)

Growth in VoIP / audio / video data volumes

Customers seek large bandwidth volumes

Reliable connection into fixed/fibre networks

Cost effective

Ubiquitous rural and remote access

Source Euroconsult

Existing & Potential

Customers / End Users

Satellite Broadband Subscribers in Jabiru-1 Regions (1)

(‘000s)

0

1,300

2,600

3,900

2010 2012 2014 2016 2018 2020

39% CAGR

’11-’20

Middle East / North Africa

’11- ’20

CAGR

53.6%

28.1%

44.1%

39.7%

4G Traffic

124% CAGR

’11-’17

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Fuelling the Larger Opportunity – Geographies & Demographics

Source © Euromonitor International 2012, Informa, ITU

Satellite offers effective, low-cost carriage in NewSat's target markets, which have minimal fixed

network infrastructure, and low 3G mobile and internet penetration

Note:

Values shown are for 2011 (except internet penetration for 2010)

1. Includes Armenia, Azerbaijan, Cyprus, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Saudi Arabia, Syria, United Arab Emirates and Yemen

2. Includes Burundi, Central African Republic, Chad, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Kenya, Libya, Rwanda, Somalia, Sudan,

Tanzania and Uganda

3. Includes Afghanistan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan and Uzbekistan

Worldwide

Total Population: 6.9 billion

Average Age: 32

Forecast Real GDP CAGR (’11-’20): 4.4%

Internet Penetration

30%

3G Mobile Penetration

16%

Middle East (1)

Total Population: 228 million

Average Age: 27



24%


11%

North-East Africa (2)


Average Age: 23



14%


4%

South-West Asia (3)


Average Age: 25



15%


0.3%

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NewSat an Early Mover in an Open Ka-Band Playing Field

NewSat Introducing Significant Ka-Band Coverage to Target Regions

NewSat Orbital Slot

MEASAT Orbital Slot

Jabiru-1

91.5°E

Ka-band

(proposed launch 4Q 2014)

Target Geographies:

Middle East, North-East

Africa, South-West Asia

Jabiru-2

91.5°E

Ku-band (hosted payload on

MEASAT-3b satellite)

(targeted launch FY2014)

Target Geographies:

Australia, Timor-Leste and

Papua New Guinea

Jabiru-4

54°E / 89.5°E

Ka-band

(planned – launch FY2017)

Target Geographies:

Africa, the Middle East,

Europe, Asia and Indian

Ocean

Jabiru-3

89.5°E / 54°E

Ka-band

(planned – launch FY2016)

Target Geographies:

Africa, the Middle East,

Europe, Asia and Indian

Ocean

Saturated Ku and C-band

capacity in targeted

geographies

New Ka-band capacity

provides for continued

growth in targeted regions

Accelerated build and

launch of Jabiru-3 and

Jabiru-4

Rights to an additional 6

orbital slots providing for

future growth opportunities

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Existing Teleport Business Provides Unique Springboard

Currently purchase capacity from 7

satellite operators on 10 satellites (1)

Understand service requirements,

transition contracts to owned capacity

Customer Insight / Solutions Oriented

Supply Side Insight

Existing relationships and service

accreditations

Military Accredited & Internationally Recognised

Note:

1. Includes agreement with MEASAT for hosted payload on Jabiru-2

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Ka-Band Supplementary to C- and Ku-Band Markets

Widely used

Broad footprint

Least rain fade

Reliable low bandwidth

Interference from terrestrial

systems

Larger earth station antenna

required

New Spectrum unavailable

C-Band (4-8GHz)

Higher power transmission

More focused beams

Some rain fade / signal attenuation

issues

Spectrum saturated

Ku-Band (12-18GHz)

Offers high capacity bandwidth at

already occupied satellite positions

Greatest user flexibility

Smaller end-user antenna

Higher frequency

New spectrum available

Some rain fade / signal attenuation

issues at the surface

Ka-Band (26-40GHz)

Uses Uses Uses

Full-time TV distribution

Contribution feeds

Backhaul and VSAT

Direct-to-home (DTH) television

Satellite news gathering

Fixed and broadcast services

Backhaul and VSAT

Enterprise communication networks

Military applications

Aeronautical & mobility applications

Fixed and broadcast services

Backhaul and VSAT

Enterprise communication networks

Military applications

High throughput satellite (HTS)

applications

Aeronautical & mobility applications

Ka-band capacity can operate adjacent to C- and Ku-band frequencies with no interference

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NewSat – Good Neighbour, Supplementary Offering, Selling Flexible Raw Capacity

Ka-Band Capacity Outline in Jabiru-1 Footprint

Limited overlap by competitors onto Jabiru-1 footprint or target market

Company Service Offering Footprint Ka-band Ku-band NewSat Competitive Assessment

INTELSAT Leased capacity Middle East / North Africa (limited coverage) Single Ka-band transponder being added to some satellites to protect spectrum

filings. Recently announced Intelsat EpicNG project which is believed to include

some multispot beams in C-, Ku- and Ka-band

SES Steerable beam Europe and West Africa Limited Ka-band added to protect filings

May 2012 CEO stated policy to “gently increase” Ka-band capacity

SES / O3B Leased trunking capacity Coverage of visible earth to +/- 45° latitude

Trunking vertical market competitor, particularly in Africa

MEO(1) system, complicated antennas required at each site

Expensive and complex ground segment

EUTELSAT Leased capacity Middle East / North Africa and Central Asia Ka-Sat consumer broadband bundled with TV (not Jabiru target)

Major geographic focus on Europe

INMARSAT Global Express offers

voice & data service

Global Express offering - total cover of Jabiru

catchment, but capacity is spread evenly over

many spot beams

Primarily addressing a different market (maritime) but competitive in some

vertical markets

Global coverage beams offer limited throughput

ARABSAT Leased services Ku coverage Arabian Peninsula. Steerable Ka-

band

Primarily consumer broadband focused

Steerable may compete for limited enterprise clients but not military

AMOS 2012 launch Coverage over Middle East and Central Asia Potential future competitor – consumer focus but also potential enterprise

market player in Middle East / North Africa and Africa

AVANTI DTH & leased capacity West & Central Europe, small Middle East overlap Initial consumer market focus (not Jabiru target)

DTH & leased capacity Europe, South Africa, Kenya, UAE, Afghanistan Some comparable coverage. Spot beams over Iraq and Afghanistan (single,

isolated beams only)

YAHSAT Consumer services & some

leased capacity Arabian Peninsula and Middle East

City focused, less powerful shaped beam than Jabiru

Steerable may compete for limited enterprise clients but not military

Main thrust is managed services not wholesale capacity

ABS Leased capacity Middle East Limited capability

Wide area regional beam low power compared to Jabiru

AsiaSat Leased capacity Limited coverage Single Ka-band transponder added to future satellite to protect spectrum filings

Turksat Leased capacity Middle East and Central Asia Limited capability – geographic focus on Caspian Sea region

Note:

1. Medium earth orbit

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Jabiru-1 Specs – Proven Technology

Jabiru-1 Overview

A highly flexible, high-powered satellite

8.3GHz capacity: one of the largest commercial

communication satellites

― 7.6GHz Ka-band

― 648MHz Ku band

Premium orbital location above high-growth

emerging markets

Highly flexible payload: Spot, regional and

steerable beams

Launch date scheduled for 4Q 2014

Ka-Band Capacity Overview

Ku-band

Ka-band:

spot beams

Ka-band:

regional beams

Ka-band:

steerable beams

(MHz)

Capacity Breakdown

24 Spot Beams

Concentrates power in a specific location

Allow same frequency transmissions in other

locations

Potential to switch 5 spot beams into high

demand regions to provide additional capacity

3 Regional Beams

Coverage tailored to serve coastlines or

specific areas without including unwanted

regions

Wider coverage than traditional Ka-band spot

beams

2 Steerable Beams

Ability to position coverage in areas of high

demand anywhere on the visible earth

65%

19%

8% 8%

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Customers Underpin Commercial Returns

Customer Description Existing Customer(s) Potential Size (US$MM) Status

1 U.S. satellite operator, looking for Ka-band expansion 88 Contract under review

2 Southeast Asian satellite operator 74 Contract under review

3 Pakistani telco, trunking / backhaul service 72 Reviewing proposal

4 Systems integrator providing Government welfare communications 11 Current Jabiru customer, considering extension

5 Australian based, non-Government communications provider 10 Contract under review

6 Systems integrator providing general Government services 8 Reviewing proposal

7 Division of large satellite operator, Maritime / Government applications 7 Reviewing proposal

8 Systems integrator focused on UAV services 5 Reviewing opportunity

9 - 21 13 additional pipeline customers (including 1 existing teleport customer) 107 Various

Sub-total Jabiru-1 382

Jabiru-2, 3 & 4: 19 additional pipeline customers (including 8 existing teleport customers) 163 Various

TOTAL 546

Weighted Toward Telco and Govt.

Telco

Government

Enterprise

(Total Contracts + Sales Pipeline = US$1,147MM)

Sales Pipeline Across Jabiru-1, 2, 3 & 4 – US$546MM

Binding Pre-Launch Contracts – US$601MM

(US$MM)

180

105

134

67

601

30

40

1332

0

175

350

525

700

Middle East

Telco.

GCC

Company

U.S.

Comm’s Co.

Ku-band Ka-band Ka-band Ka-band Ka-band Ka-band Ka-band

~18% of Jabiru-1 life

of satellite capacity

currently pre-sold

Pre

-La

un

ch

Co

ntr

acts

S

ale

s P

ipe

lin

e

To

tal C

on

tra

cts

+ P

ipe

lin

e

Direct-to-Home

(DTH) 16%

26%

36%

22%

South Asian

Reseller

Ka-band

+

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MEASAT Strategic Partnership for Jabiru-1 Satellite

MEASAT Satellite Systems Sdn. Bhd.

MEASAT is the leading Asian satellite operator. With capacity across five communication

satellites, MEASAT has over fifteen years of experience providing satellite communication

services to the region’s international broadcasters, DTH platforms and telecom operators

Partner

Based in Kuala Lumpur, Malaysia

Privately owned

Location /

Ownership

Life-of-satellite take-or-pay contract for a minimum of US$180MM

Option for MEASAT to purchase additional capacity

Capacity will cover South Asia and South East Asia

MEASAT Purchased

Capacity on Jabiru‐1

Jabiru-1 will be operated in MEASAT orbital slot at 91.5°E

MEASAT will perform Telemetry, Tracking & Control (TT&C) services

MEASAT responsible for frequency coordination for slot

Jabiru-1 Operated in

MEASAT Orbital Slot For

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Best-in-Class Experienced Partners to Execute the Project

Source Lockheed Martin, Arianespace, Export-Import Bank of the United States

Note:

1. ECA funding subject to final approvals and NewSat contributing ~US$200MM in equity. Refer to “Funding Risk” in Appendix 2 of this presentation for

further information

2. Weighted average interest rate based on Ex-Im Bank benchmark Commercial Interest Reference Rate (CIRR) of 1.76% as at 15 June 2012. Final

interest rate will be determined with reference to the prevailing CIRR five business days prior to the Financial Close Date for ECA funding

Satellite Builder

Construction contract signed; preliminary design review

(PDR) completed

Jabiru-1 construction commenced and is on schedule

Using proven A2100 series spacecraft platform

Currently 39 A2100 series spacecraft in orbit

Design life 15 years

101 GEO (geosynchronous earth orbit) commercial

communications satellites launched

Launch Provider

Launch Service Agreement signed

Launch window in 4Q 2014

Accounts for over half of all worldwide commercial launches

Using proven Ariane 5 rocket technology

62 launches of Ariane 5 rockets

48 consecutive successful launches

300 primary satellites launched from French Guiana operations

Export Credit Agency (ECA) Debt Financing Providers (1)

(see Appendix 1 for summary term sheet)

~US$380MM expected facility size for Jabiru-1

― ~63% of total project costs

― Referral to congress approved by Ex-Im Bank

― COFACE guarantee approval expected in July

Weighted average fixed interest rate of ~2.5% (2)

8.5 year amortisation period from commencement of operations

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18

Project Risk Management

Completed preliminary design review (PDR), a major project milestone

Satellite construction commenced and on schedule

Lockheed Martin contract provides for liquidated damages and customary warranties

Build Delay

Arianespace is widely considered the most reputable satellite launcher globally

― Accounts for more than half of the commercial launch contracts worldwide Launch Delay

Jabiru-1 will share a launch vehicle with another payload and therefore requires a partner to launch

Partner is the smaller payload and therefore easier to find

Arianespace account for the majority of commercial launches, therefore high likelihood of identifying partner

Co-Passenger

Lockheed Martin is a proven leader in building of commercial satellites

― The Jabiru-1 spacecraft will utilise Lockheed Martin’s proven A2100 series spacecraft

NewSat plans to purchase in-orbit insurance coverage

― The insurance policy is expected to cover the replacement cost of the assets, revenue and extra expenses

In-Orbit Operation

Launch Failure

Satellite launch insurance arranged via AON, the leading global space insurance broker

― The insurance policy is expected to cover build, launch and insurance costs, although not lost revenues

― Minimum of 50% of needed insurance to be placed prior to financial close of Jabiru-1, and the rest within 1

year from this date

Accelerated build of Jabiru-3 and Jabiru-4 to mitigate failure of Jabiru-1

A summary of risk factors affecting NewSat, its business and operations is set out in Appendix 2

A Demonstrated Awareness of Key Project Risks

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0

150

300

450

600

Use of Proceeds for Jabiru-1

(US$MM, cumulative) 4Q 2014:

Proposed

Launch

Sources of Funds

(US$MM) (1)

Uses of Funds

(US$MM) (1)

Ex-Im Bank Direct

Loan ~280

Spacecraft & Launch

Vehicle 370

COFACE

Guaranteed Facility ~95-100 Insurance 35

Proposed New

Equity Issue ~200

Opex / Non-Satellite

Capex 40

Equity Spent to

Date 25 Upfront Fees 40

Other (2) 65

Contingency & DSRA 50

Total Sources ~600 Total Uses ~600

Lockheed Martin

Arianespace

Insurance Opex & Non-Satellite Capex

Upfront Fees & Other (2)

Contingency & DSRA

Financial

Close

Jun-2013 Jun-2014 Jun-2015

Note:

1. Approximate values shown; ECA funding subject to final approvals and NewSat contributing ~US$200MM in equity. Refer to “Funding Risk” in Appendix

2 of this presentation for further information

2. Includes ongoing commitment fees, premiums paid to ECA lenders and capitalised interest during construction period

Estimated Funding Drawdown Profile Net equity to be held in “locked box”

exclusively for Jabiru-1 build

US$50MM contingency built into

financing

― US$30MM plus US$20MM

Debt Service Reserve Account

(DSRA)

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FSS Revenue Model of Stable Rents and High Fill Rates

Key Economics of Jabiru-1 Industry Fill Rate (1) and EBITDA Margin (2)

Capacity Pricing Over Middle East (3)

(%) Capacity: Jabiru-1 capacity 8.3GHz

Expected Year-1 Fill Rate: >60%

― Industry average 74% (’06 – ’10A)

― Pre-sales at a ~30% discount

― Long-term take-or-pay contracts

― No pre-sales of high value steerable beams – reserved to sell on the spot market, which demands higher premium pricing

Revenue: Jabiru-1 total annual capacity (US$MM p.a.)

Operating Costs: Fixed, marginal costs expected to be in-line with standard FSS operating model. Variable costs include insurance (including in-orbit insurance) and sales commissions

Depreciation: Straight-line over 15 years (deferred until launch)

Teleport & Jabiru-2: Ability to transfer existing supply arrangements to “owned” capacity on Jabiru-2 will expand margins

1.00

1.25

1.50

1.75

2.00

2.25

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Ka-band C-band Ku-band

(US$MM / TPE)

Source Company filings, Euroconsult

Source NewSat analysis, NSR

65%

70%

75%

80%

2006 2007 2008 2009 2010

% Fill Rate % EBITDA MarginCapacity Utilisation (%)

80% 70% 60%

1.2 220 193 165

1.3 239 209 179

1.4 257 225 193 We

igh

ted

Ave

rag

e

Pri

ce

p.a

.

(US

$M

M / T

PE

)

Note:

1. Fill rate of transponders in orbit (excluding HTS capacities)

2. Aggregate EBITDA margin for Intelsat, PanAmSat, SES, Eutelsat and Telesat

3. 2008 to 2011 capacity pricing based on NewSat capacity purchasing and additional research across 14 satellites covering the Middle East region. 2012

to 2018 capacity pricing based on NSR GASSD 2009 research covering the Middle East region

Historical Forecast

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Additional Projects – NewSat’s Opportunity is Scalable

Asset Type Hosted payload (aboard MEASAT-3b) Owned satellite Owned satellite

Target Markets Oil, gas & mining corporates,

government markets

Resources, military, government and

carrier-grade telecom markets

Resources, military, government and

carrier-grade telecom markets

Orbital Slot 91.5°E 89.5°E / 54.0°E 54.0°E / 89.5°E

Capacity 216 MHz

(6 TPE)

3 – 4 GHz

(83 – 111 TPE)

3 – 4 GHz

(83 – 111 TPE)

Bands Ku-band Ka-band Ka-band

Coverage Australia, Timor-Leste and

Papua New Guinea

Africa, the Middle East, Europe, Asia

and Indian Ocean

Africa, the Middle East, Europe, Asia

and Indian Ocean

Jabiru-2 Jabiru-3 Jabiru-4

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NewSat Investment Highlights

Compelling Intersection of High-growth Applications and Geographies

Early Mover in Ka-Band Based on an Established FSS Economic Model

Leveraging Existing Teleport Business Expertise

Balance Sheet to be Anchored by Attractive Export Credit Financing

A Scalable, Leveraged Play on Emerging Market Growth


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Appendix 1

Financing Structure

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Anticipated Financing Structure for Jabiru-1

Estimated total project

cost of ~US$600MM

~US$380MM raised

through ECA funding (1)

~US$200MM raising

via proposed new

equity issue

Net equity to be held in

“locked box” for Jabiru-

1 build

Public

shareholders &

investors

Revolving credit

facility

(undrawn)

Export-Import Bank of the

United States

(Ex-Im Bank)

NewSat Limited

COFACE guaranteed

credit financing (1)

Jabiru Satellite

Limited

~US$280MM

~US$95-100MM

100%

~US$25MM

~US$200MM

Potential New

Ordinary Equity

Note:



2. Subject to financing approvals

(2)

(1)

Anticipated Financing Structure (1)

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Summary terms and conditions (1)

Borrower: Jabiru Satellite Limited (with guarantee provided by NewSat Limited)

Facility amount: Ex-Im Bank – direct loan: ~US$280MM

COFACE – guaranteed facility: ~US$95-100MM

Drawdown period: Up to 3.5 years from financial close

Repayment period: 8.5 years from starting point of credit (earlier of commencement of operations and 3.5 years from financial close)

Repayment profile: Sculpted repayment of principal on a semi-annual basis (see next page)

Interest rate:

Weighted average ~2.5% interest rate (2)

― Ex-Im Bank facility at CIRR (3)

― COFACE facility at CIRR (3) + 250bps margin

Fixed rate for both facilities (to be fixed at financial close) (4)

Security package: First ranking security over all assets of the borrower and of NewSat Limited, with a security sharing agreement between the

COFACE, Ex-Im and revolving facilities

Covenants:

Customary financial covenants, including Debt Service Coverage Ratio, Contracted Loan Life Coverage Ratio, capex, limitations

on indebtedness

Covenants binding on both Jabiru Satellite Limited and NewSat Limited

Consent required from Ex-Im and COFACE for Jabiru Satellite Limited or NewSat Limited to incur additional indebtedness

Dividend block for first 2.5 years of operation

50% bi-annual free cash flow sweep

Revolving facility: (5) Non-ECA backed revolving credit facility of up to US$25MM

Pari passu seniority and security with ECA facilities

ECA Financing Terms – Attractive Fixed Cost Interest Rate & Repayment Profile

Note:



2. Weighted average interest rate based on Ex-Im Bank benchmark Commercial Interest Reference Rate (CIRR) of 1.76% as at 15 June 2012

3. Ex-Im Bank benchmark Commercial Interest Reference Rate (CIRR)

4. Final interest rate will be determined with reference to the prevailing CIRR five business days prior to the Financial Close Date for ECA funding

5. Subject to financing approvals

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ECA Scheduled Repayment Profile Terms (1)

Scheduled Principal Repayments (2) Total Debt (2)

(US$MM) (US$MM)

0

15

30

45

60

Year1

Year2

Year3

Year4

Year5

Year6

Year7

Year8

Year9

Ex-Im Bank Direct Loan COFACE Guaranteed Facility

0

80

160

240

320

400

Ope

ning

Year1

Year2

Year3

Year4

Year5

Year6

Year7

Year8

Year9

Ex-Im Bank Direct Loan COFACE Guaranteed Facility

Note:



2. ECA borrowings for Jabiru-1 project only; excludes impact of free cash flow sweep

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Pro Forma Capital Structure

Type Hurdle Price

(A$ / share)

Exercise Price

(A$ / share) Vesting Date Expiry Date

Shares

Outstanding

Share Dilution

Impact (1)

Cash on Exercise at

Current Share Price (A$)(1)

Cash on Full

Exercise (A$) Comment

Current Ordinary Shares Outstanding 232,401,357 232,401,357

50 cent Warrants

0.50 0.50 May-2011 May-2016 8,373,571 8,373,571 4,186,786 4,186,786 1 warrant issued for every 2 shares purchased in 25 May

2011 placement

Performance Rights Plan

- - n.a. Oct-2016 11,600,000 11,600,000 - - Issued to NewSat employees and Directors

50% vesting on financial close for Jabiru-1 and 50% vesting

on completion of in-orbit testing for Jabiru-1 - - n.a. Jun-2017 11,450,000 11,450,000 - -

Zero Cost Options

- - Apr-2013 Apr-2016 350,000 350,000 - -

Options issued to NewSat employees and Directors - - Aug-2012 Sep-2016 270,000 270,000 - -

- - Aug-2013 Sep-2016 270,000 270,000 - -

- - Aug-2014 Sep-2016 270,000 270,000 - -

Management Incentives

1.00 0.00005 Mar-2013 Mar-2015 5,640,000 - - 282

Options issued to NewSat employees and Directors 1.00 0.00005 May-2013 May-2015 5,260,000 - - 263

1.00 0.00005 Oct-2013 Oct-2015 1,200,000 - - 60

50 cent Options

0.50 0.50 May-2009 Jun-2012 1,290,800 1,290,800 645,400 645,400

Options issued to NewSat employees and Directors

0.50 0.50 Aug-2009 Aug-2012 80,000 80,000 40,000 40,000

0.50 0.50 Oct-2009 Oct-2012 30,000 30,000 15,000 15,000

0.50 0.50 Dec-2012 Dec-2014 500,000 500,000 250,000 250,000

0.50 0.50 Mar-2013 Mar-2015 2,840,000 2,840,000 1,420,000 1,420,000

0.50 0.50 May-2013 May-2015 3,340,000 3,340,000 1,670,000 1,670,000

0.50 0.50 Oct-2013 Oct-2015 400,000 400,000 200,000 200,000

100 cent Options

1.00 1.00 Jun-2008 Jun-2012 1,125,000 - - 1,125,000

Options issued to NewSat employees and Directors 1.00 1.00 Dec-2012 Dec-2014 500,000 - - 500,000

150 cent Options

1.50 1.50 Jun-2008 Jun-2012 1,125,000 - - 1,687,500 Options issued to NewSat employees and Directors

Share Issue to Kypros 2,500,000 2,500,000 - - To be issued on regulatory approval by Cyprus Government

(expected 2H2012)

TOTAL 275,965,728 8,427,186 11,740,291

Note:

1. Assumes conversion of warrants and options with a hurdle price at or below NewSat’s closing share price on 14 June 2012 (A$0.80 / share)

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Appendix 2

Risk Factors

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Risk Factors

Introduction:

General Risks:

Global Political Conditions: As NewSat will generate a large portion of its revenue internationally, geopolitical problems and instability could adversely impact the Company’s

revenue. NewSat’s international operations are subject to a number of risks, including changes in domestic and foreign government regulations and licensing requirements;

deterioration of relations between Australia (or the United States) and a particular foreign country or countries; increased tariffs, increased license fees or conditions, taxes and

other trade barriers; changes in political and economic stability; and difficulties in obtaining or enforcing judgements in foreign jurisdictions.

Global Economic Conditions: Any major disruption to, or ongoing deterioration in, the economic climate could adversely impact revenues by affecting employment levels,

consumer and business confidence, government expenditures and business activity. Current or potential customers, including government customers, may delay or decrease

spending which may impact the demand for NewSat’s services. In addition, current or potential customers may be unable to pay NewSat for its services if economic conditions

deteriorate.

Regulatory Risk: The telecommunications industry is highly regulated. NewSat is subject to both international and domestic regulatory and licensing requirements, and its

business is sensitive to regulatory changes in the countries in which it operates. Obtaining and maintaining approvals can involve significant time and expense, and delays in

obtaining approvals or changes to laws and regulations may adversely impact NewSat’s operations.

Market Risks:

Competitive Market Place: The satellite communications market is extremely competitive. Any weakening of NewSat’s competitive position would adversely impact its ability to

generate revenue. NewSat faces competition not only from other satellite services providers but also from providers of terrestrial-based networks, such as DSL and cable, which

have advantages over satellite-based networks. Terrestrial-based networks are offered by telecommunications carriers, other large companies and governments, many of which

have greater financial resources and greater name recognition. Additionally, government agencies are increasingly considering and implementing subsidies for broadband

access in underserved areas which would reduce NewSat’s target market. Pricing pressures from such competition may adversely impact NewSat’s revenues.

Large Contracts: NewSat will rely on key customers for a major portion of its revenue. Whilst contracts are generally long-term, any degradation in the performance of the

satellite or any deterioration in the relationship with, or a reduction in expenditure by, key clients may lead to a significant loss of revenue for NewSat. In addition, some of the

customer contracts involve large financial obligations on the customers relative to the size of their business and they may not have the ability to fulfil their purchase contract

obligations. Defaults by any of NewSat’s larger customers or by a group of smaller customers who, collectively, represent a significant proportion of NewSat’s revenues, could

adversely affect NewSat’s revenue, operating margins and cash flows.

Customer Demand: Demand for satellite services and the Ka-band spectrum may decline or not increase as predicted. Any slow-down of growth in emerging markets or in the

take-up of demand for Ka-band satellite services may adversely impact revenues. NewSat may not be able to retain its existing customers. In addition, general pricing pressures

may have an adverse impact on NewSat’s revenues.

If any of the following risks occur, NewSat’s business, financial performance and operating results could be materially and adversely affected. In that case, the market price of NewSat

securities could decline. The risks described below are not the only ones that NewSat may face. Additional risks that are not currently known to NewSat or that NewSat currently

considers immaterial may also impair NewSat’s business, financial performance and operating results.

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Risk Factors (cont’d)

Operational Risks:

Satellite Operations: Satellites are subject to in-orbit malfunctions, interference or damage caused by solar radiation and debris or micrometeorite collisions. In-orbit satellite

failures or degradations in performance could impair the commercial performance of a satellite, which could have a material adverse effect on operations and the ability to

generate revenue, and could damage customer and distributor relationships.

Satellite Life: A number of factors could affect the useful life of a satellite such as quality of design and construction and durability of components. Any lessening of the useful life

of a satellite as prescribed in its specifications could adversely impact NewSat’s ability to generate revenue from the satel lite.

Coordination Risk: The coordination of satellite orbital slots and associated frequencies is a complex and sometimes lengthy process requiring the cooperation of the involved

satellite operators and their national licensing agencies. Significant delays, or an unfavourable result, in the coordination of the satellite orbital slots and associated frequencies

that NewSat plans to use may adversely affect NewSat’s operations and/or revenues.

Technology Risk: Changes in technology, content distribution methods and demand could impact NewSat’s operations and outlook. For example, implementation of new

technologies could reduce the capacity required on a satellite to transmit data and thereby reduce total demand. In addition, while the satellite industry has historically evolved

slowly, there is the risk in the future that a satellite may not meet the needs of clients and/or that its design could become obsolete.

Design Risk: The design of a satellite may be inadequate for its intended purposes, or the satellite may not meet the technical or operational requirements of NewSat's target

customers, which would have an adverse impact on NewSat's business and financial performance.

Schedule Risk: Delays relating to obtaining financing, satellite and launch vehicle construction and deployment, obtaining and maintaining regulatory approvals and licenses,

including export controls, and/or the periodic unavailability of reliable launch opportunities may extend the time before significant revenues commence. A delay in the future

delivery of a satellite may also impact NewSat’s marketing plan for the satellite and/or financial performance.

Launch Risks: Although the Jabiru-1 satellite launch will be insured, failure, destruction or damage during launch would harm the business by delaying revenues and resulting in

the possible loss of customers.

Derivative Orbital Slot and Frequency Usage Rights: NewSat’s contractual rights to position the Jabiru-1 satellite at 91.5°E and potential future satellites at 54°E or 89.5°/90°E

and make use of associated frequencies at these orbital slots are derivative of licenses and authorisations obtained and maintained by its counterparties. NewSat must rely on

such counterparties to enforce, protect and maintain these licenses and authorisations, and their failure to do so may adversely impact NewSat’s operations and/or revenues.

Orbital Slot Risk: If NewSat does not occupy certain unused orbital locations by specified deadlines, those orbital locations may become available for use by other satellite

operators.

NewSat Business Risks:

Business Plan: NewSat may be unsuccessful in implementing its business plan for both its existing business and for the new satellite business. A failure to attract a sufficient

number of customers for either business would result in lower revenues than anticipated.

Key Personnel: NewSat is dependent on its senior management team, the majority of whom have spent a number of years on the Jabiru Program. Whilst senior managers are

employed on long term contracts with retention incentives, the loss of one of more members of the senior management team could have an adverse impact on the business if

NewSat is unable to find appropriate replacements.

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NewSat Business Risks (cont’d):

Future Satellites: NewSat may not be able to obtain sufficient customer contracts, consent of ECA lenders or the equity investment necessary to fund future satellites.

Reliance on Contractors: NewSat is dependent on outside contractors for the construction and launch of new satellites. This could result in increased costs and delays relating to

the launch of new satellites, which would materially affect NewSat’s business.

Strategy Risk: There is a risk that the assumptions upon which NewSat’s strategic direction is based are incorrect, that market conditions may change, that the risks generated

exceed expected and approved risk appetite, or that the execution of NewSat’s strategic initiatives proves ineffective.

IT & Communications Risks: Interruption or failure of information technology and communications systems could impact NewSat’s ability to operate its business effectively.

Whilst NewSat has undertaken steps to secure its systems, these measures may not be effective in preventing theft, loss, damage or interruption from a number of possible

events, including security breaches, inclement weather, environmental events, power losses or computer viruses.

Legal proceedings: NewSat may be involved from time to time in legal proceedings arising from the conduct of its business. The aggregate potential liability in respect thereof

cannot be assessed. Any material legal proceedings could have an adverse impact on NewSat’s financial performance and position.

NewSat Financial Risks:

Tax Risk: NewSat is exposed to risks arising from the manner in which the Australian and international tax regimes may be amended, applied, interpreted and enforced. As a

result NewSat may become subject to unanticipated tax liabilities that may have a material adverse effect on NewSat’s operations.

Foreign Exchange Risk: NewSat is exposed to volatility in the US dollar and the Australian dollar, and fluctuations in the exchange rate of these respective currencies may impact

financial performance.

Cost Risks: NewSat may be required to spend in excess of current forecasts for the construction of the satellite, the provision of launch services, the procurement of insurance

and other miscellaneous fees and expenses.

Capital Intensity: NewSat’s business is capital intensive and requires the Company to make long-term capital expenditure decisions. NewSat may be unable to raise adequate

funding on satisfactory terms to support its business plan, which would materially impact its future prospects.

Insurance Risk: The Company intends to purchase satellite launch insurance coverage for Jabiru-1, with a coverage period from launch through one year of operations.

However, NewSat’s financial condition could be materially and adversely affected if it were to suffer loss that was not covered by launch or in-orbit insurance, for example for lost

revenue in the event of total or partial loss of a satellite. In addition, limitations on insurance coverage terms and conditions and availability of sufficient insurance capacity may

prevent NewSat from obtaining adequate insurance.

Debt Risks: NewSat’s ability to make debt repayments and to fund operations will depend on its ability to generate cash. This ability is subject in part to factors that are beyond

NewSat’s control - such as general economic, financial, competitive, regulatory and legislative conditions. There is a risk that NewSat may not be able to make scheduled

payments on its debt obligations and may default. Terms of debt obligations may also restrict NewSat’s current and future operations and its ability to respond to changes in its

business or take certain actions.

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NewSat Financial Risks (cont’d):

Funding Risk: There is a risk that NewSat will not receive final approval from Ex-Im Bank or COFACE in respect of the secured debt funding for which NewSat has applied.

Furthermore, the provision of this debt funding is conditional on NewSat contributing ~US$200MM in equity. If the approvals are not obtained or NewSat is unsuccessful in

raising the necessary equity, the debt funding will not be provided. If this occurs, the strategic arrangements with MEASAT may not continue, the construction and launch of the

Jabiru-1 Satellite may not proceed and the Company’s access to orbital slots may expire. The occurrence of these events would materially adversely affect the future prospects

of the Company.

Interest Rate Risk: NewSat, as a borrower of money, may be exposed to adverse movements in interest rates which may impact NewSat’s financial position.

NewSat Securities Risks:

Dilution: Future issuances of equity or the perception that such sales may occur, may result in a decrease of the market price of our equity securities and an increase in NewSat’s

issued capital may dilute a person’s existing holding.

Transfer Restrictions Applicable to US Holders: The Shares have not been registered under the U.S. Securities Act of 1933 (the “Securities Act”) and may not be offered or sold

within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except in a transaction registered under the

Securities Act or exempt from the registration requirements of the Securities Act.

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