APT SATELLITE HOLDINGS LIMITED

Media Release

APTSTAR-IIR SUCCESSFULLY LOCATED IN GEOSTATIONARY ORBIT
(28 October 1997, Hong Kong) APT Satellite Holdings Limited ("APT Satellite") (Share Code:1045 or NYSE: ATS) announced today that APSTAR-IIR had been successfully placed in Geostationary Orbit at 12:38 pm yesterday. It is now located at the Geostationary Orbital Slot at 76.5 degree East in longitude.

The solar cells panels of APSTAR-IIR were unfolded on 17 October 1997, the day the satellite was launched into space. The two sets of Ku-band antennae were also deployed successfully, transmitting Ku-band beacon signal, and the Three-axis Body-stabilizing System of the satellite is perfect working condition.

The Satellite Control Centre of APT Satellite in Tai Po, Hong Kong, will start in-orbit tests for the satellite’s transponders on 28 October 1997. When all in-orbit tests are completed, APSTAR-IIR will immediately begin its commercial service.

Currently, it has a lease out rate or commitment over 50% and is expected to generate promising income for the Company. Together with the other two in-orbit satellites APSTAR-I and APSTAR- IA, APSTAR-IIR will provide transponder services for broadcasting and telecommunications sectors in more than 100 countries throughout Asia, Europe, Africa, and Australia, serving approximately 75% of the world’s population.

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For further enquiries:
APT Satellite Holdings Ltd. Gavin Anderson & Co. (HK) Ltd.
Yang Xue Ming, Marketing Director Aubrey Ho/Fabrice Baron
Brian LO, IR/Company Secretary Tel: (852) 2523-7189
Tel: (852) 2526-2281 Fax: (852) 2810-1239
Fax: (852) 2522-0419 E-mail: aubrey@gahk.com
E-mail: aptmk@apstar.com
Web-site: www.apstar.com


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