Ico Presentation

ICO Global ICO North America Lehman Brothers Gl b l Satellite Global S t llit Conference C f London May 2007

ICO and the freedom figure logo are trademarks of ICO Global Communications. All other trademarks are the property of their respective owners.

Safe Harbor This presentation Thi t ti contains t i forward-looking f d l ki statements, t t t including i l di statements regarding the Company’s plans to develop a next-generation mobile satellite service, and projected timetables for such service. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from our expected results results. Factors that could cause actual results to differ from our expectations include, among other things, that our and our vendors’ technology might not function properly; that the FCC or another agency could revoke or limit our rights relating to spectrum or satellite operations; that we could lose our rights by failing to meet certain milestones; that our satellite could be delayed, damaged or destroyed, or that we could fail to obtain sufficient funding to carry out our business objectives. More information about these risk factors is included in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K. 10-K These forwardlooking statements speak only as of the date of this presentation, and the company expressly disclaims any obligation to update or revise such statements.

ICO Review: US Domestic

• FCC license for 20 MHz MSS/ATC spectrum at 2.0 GHz • $4.2 Billion at AWS Auction value for comparable spectrum (F Block) •

Note: ICO’s total enterprise value, including cash, international assets, and a $500 million GEO satellite, launch, and insurance, is $1.5 billion

• Fully funded geostationary satellite nearly completed completed, preparing for late 2007 launch • Next g generation high g p powered satellite

ICO Review: Coverage & Capacity

• MSS/ATC provides Coverage and Capacity • Coverage via • GEO satellite provided full CONUS coverage • ICO has optimal orbital slot • Ground Based Beam Forming for flexible coverage • Scalable Capacity via • Terrestrial network built in a size and scale to fit product and service offering needs • Hundreds of towers (Sirius) to thousands of towers (Sprint)

ICO G1 Satellite and Space p Segment g – Space Systems Loral

ICO G1 Atlas V Launch Vehicle Lockheed Martin Commercial Launch Services

ICO Review: Hybrid System

ICO Review: Spectrum

• 2 x 20 MHz of contiguous S band 2 GHz spectrum • 2 licensees • 2 x 10 MHz allocation for ICO

ICO Review: Liquidity

• $255 million in cash/equivalents at 3/31/07 • $24 $ million restricted for bond interest • $84 million of remaining purchase commitments for MSS system through 2007 (satellite (satellite, launch launch, systems) • $147 million available for insurance, terrestrial network, p trials, other vendor initiatives, operations p alpha • Insurance estimated at $40-60 million • Alpha trial estimated at $30-40 million

ICO Review: International

• ICO h has ITU coordination di i priority i i ffor up to 2 x 30 MH MHz off S Sband spectrum globally • ICO has requested 2 x 12.5 MHz of S band for Europe • Participating in new processes in Europe at CEPT, EU, and Ofcom • ICO F2 satellite is in operation

International Actions •

Contract with US Government for services with F2

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Contract with ViaSat for data and voice service trials over F2 •

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Underway using German SAN and successful to date Ongoing vendor discussions about Global multimedia business plan

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Selected Alcatel Lucent and Hughes for North America

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Selected University of Surrey for multicast technologies on F2 and MEO

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Selected Fraunhofer Institute for customization of the DVB-SH standard for the ICO MEO satellites

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g dual launch study y and launch options p for MEO system y Evaluating

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Signed contract to continue to store Boeing MEOs (6 substantially complete) in ICO facility

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Evaluating non-Boeing non Boeing proposals for MEO satellites for use in existing ICO P system

ICO F2 Over Africa,, Europe, p , and Asia 8:00 AM 2 May 2007

“Filling a need that others aren't addressing has always been a focus of the companies that I have been involved with. with ” ICO Chairman Craig McCaw Business Week, July 24, 2006

Business Opportunity • At least l t three th compelling lli b business i plans l ffor th the US market, k t each with different capital needs and market potential • A robust dual mode cellular / mobile device that can operate on regular way cellular networks as well as to and from our satellite • A broadband data network driven largely by terrestrial deployment which utilizes the satellite for voice and narrowband data • A completely new integrated service which incorporates mobile video, interactivity, and navigation

Business Opportunity: Cellular • Nationwide Cellular Service • Up to 20 MHz (10 + 10) nationwide spectrum available for voice and data build-out starting in 2007 • Supports all terrestrial cellular technologies • CDMA, GSM, others • Emergency Satellite Communications • Satellite communication technologies developed to match terrestrial link • No device size impact • Minimal handset cost impact (