| English term or phrase: accelerated stock option gains | | As of December 31, 2004, New Skies Satellites N.V. is in liquidation following the sale of the Company’s assets and liabilities (the “Asset Sale”) to private equity funds affiliated with The Blackstone Group during the year. The asset sale, which was ratified by our shareholders at our Extraordinary General Meeting of Shareholders held on July 19, 2004, was for consideration of approximately $7.96 per share. The aggregate purchase price paid totalled $958,032,191 reflecting $7.96 for each of the 118,462,789 shares outstanding at the date of sale, equivalent to $942,963,800, and an additional $15,068,390 required to fund accelerated stock option gains that fell due as a consequence of the sale. |
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