Sirius Draws $150 Million Credit Facility

    NEW YORK, March 8 Sirius Satellite Radio ,
the satellite radio broadcaster, today announced that it has received the
proceeds of its $150 million credit facility provided by Lehman Brothers.
Funding followed satisfaction of all closing conditions, including the
demonstration of Sirius' broadcast system.
    (Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125 )
    From its three orbiting satellites, Sirius (http://www.siriusradio.com)
will directly broadcast up to 100 channels of digital-quality radio to
motorists throughout the continental United States for a monthly subscription
fee of $9.95.  Sirius will deliver 50 channels of commercial-free music in
virtually every genre, and up to 50 channels of news, sports, talk, comedy and
children's programming.  Sirius' broad and deep range of almost every music
format as well as its news, sports and entertainment programming is not
available on conventional radio in any market in the United States.
    Sirius has alliances to install three-band (AM/FM/SAT) radios in Ford,
Chrysler, BMW, Mercedes, Mazda, Jaguar and Volvo vehicles as well as
Freightliner and Sterling heavy trucks.  Numerous manufacturers will furnish
radios to automakers, and will also provide adapters to electronics retailers
that will allow radios in existing vehicles to receive Sirius broadcasts.
    Any statements that express, or involve discussions as to, expectations,
beliefs, plans, objectives, assumptions, future events or performance with
respect to Sirius Satellite Radio Inc. are not historical facts and may be
forward-looking and, accordingly, such statements involve estimates,
assumptions and uncertainties which could cause actual results to differ
materially from those expressed in the forward-looking statements.
Accordingly, any such statements are qualified in their entirety by reference
to the factors discussed in Sirius' Annual Report on Form 10-K for the year
ended December 31, 1999. Among the key factors that have a direct bearing on
Sirius' results of operations are the unavailability of radios capable of
receiving Sirius' service and Sirius' dependence upon third parties to
manufacture and distribute them; the potential risk of delay in implementing
Sirius' business plan; the unproven market for Sirius' service; and Sirius'
need for additional financing.