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ASIA SATELLITE TELECOMMUNICATIONS HOLDINGS LIMITED

亞洲衛星控股有限公司*

(Incorporated in Bermuda with limited liability) Stock Code: 1135

ANNOUNCEMENT TERMINATION OF CO-OPERATION AGREEMENT WITH GEOMETWATCH

Reference is made to the announcement of the Company dated 3 April 2013 (the "Previous Announcement") in relation to the Co-operation Agreement entered into among AsiaSat and AsiaSat SPV, both being wholly-owned subsidiaries of the Company, and GMW and GMW SPV. Unless otherwise defined or the context requires otherwise, terms used in this announcement shall have the same meaning as defined in the Previous Announcement.
The Board announces that as certain conditions to the Co-operation Agreement in relation to the Convertible Note and the related guarantees have not been fulfilled by the extended deadline that was mutually agreed among the parties, AsiaSat and AsiaSat SPV have on 16
April 2014, issued a written notice (the "Termination Notice") to GMW and GMW SPV pursuant to the terms of the Co-operation Agreement to terminate the Co-operation Agreement with effect from the date of the Termination Notice.
The Board considers that the termination of the Co-operation Agreement is in the interest of the Company and its shareholders as a whole and has no material adverse impact on the existing business and/or the financial position of the Group.
By Order of the Board Sue YEUNG Company Secretary
Hong Kong, 16 April 2014

As at the date of this announcement, the Board comprises 11 directors. The Executive Director is Mr. William WADE. The Non-executive Directors are Mr. Sherwood P. DODGE (Chairman), Mr. JU Wei Min (Deputy Chairman), Mr. LUO Ning, Mr. Peter JACKSON, Mr. John F. CONNELLY and Ms. Nancy KU. The Independent Non-executive Directors are Mr. James WATKINS, Mr. Stephen LEE Hoi Yin, Mr. Kenneth McKELVIE and Ms. Maura WONG Hung Hung. The Alternate Director is Mr. CHONG Chi Yeung (alternate to Mr. LUO Ning).

* For identification purpose only

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