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Russia’s Khrunichev Purchases Majority Interest in U.S.-based International Launch Services

ILS PRESS RELEASE

McLEAN, Va., May 29, 2008 — ILS International Launch Services Inc., a world leader in launch services for commercial satellites, announced today that Khrunichev State Research and Production Space Center acquired the shares of ILS owned by majority shareholder, Space Transport Inc. Financial details were not disclosed. The transaction was completed today.

ILS holds the exclusive worldwide rights to market and sell commercial launch services on the Proton launch vehicle, built by Khrunichev, as well as the Angara vehicle under development. ILS provides satellite customers with a complete array of services and support, from contract signing through on-orbit delivery.

ILS will remain a U.S. company, incorporated in Delaware, and subject to U.S. regulations. ILS headquarters is in Northern Virginia, near Washington, D.C.

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