（Incorporated
in Bermuda with limited liability）

(Stock
Code: 1045)

Unusual
Price Movements

This statement is made at the request of The Stock Exchange of Hong
Kong Limited.

We have noted
the recent increases in the price of the shares of the Company and wish to
state that we are not aware of any reasons for such increases.

We also confirm that there are no negotiations or agreements relating
to intended acquisitions or realizations which are discloseable
under rule 13.23, neither is the Board aware of any matter discloseable
under the general obligation imposed by rule 13.09, which is or may be of a
price-sensitive nature.

Made by the order of APT Satellite Holdings Limited, the Board of the
directors of which individually and jointly accept responsibility for the
accuracy of this statement.

By Order of the Board

Dr. Brian Lo

Company Secretary

Hong Kong, 2 July 2008

The Directors as at the date of this announcement
are as follows:

Executive
Directors:

Cheng Guangren
(President), Tong Xudong (Vice President) and Qi Liang (Vice President)

Non-Executive
Directors:

Rui Xiaowu (Chairman), Lim Toon, Yin Yen-liang,
Wu Zhen Mu, Yong Foo Chong and

Tseng Ta-mon
(Alternate Director to Yin Yen-liang)

Independent
Non-Executive Directors:

Huan Guocang, Lui King Man, Lam Sek Kong and Cui Liguo