Sirius Satellite Radio Signs Agreement With Asbury Automotive Group

NEW YORK, Oct. 24 2002 -- Sirius Satellite Radio, the premier satellite radio broadcaster, announced today that Asbury Automotive Group, Inc. , will offer Sirius Satellite Radio systems through Asbury's nationwide network of automotive dealers. Encompassing 128 franchises at 91 dealer locations across the country, the Asbury Group sells 36 different vehicle brands including BMW, Toyota, Chevrolet, Ford, Honda, Nissan and others, all of which will now offer the Sirius system to new and used car buyers.

Audiovox, one of the country's leading makers of consumer electronics products, will supply the Sirius Satellite Radio systems to car dealers nationwide. The Audiovox universal adaptor enables any vehicle with an FM radio to receive the 60 commercial-free music and 40 news, sports and entertainment channels that Sirius broadcasts across the continental United States.

"We expect that the automotive dealer market will be a strong distribution channel for Sirius, and we are thrilled to partner with Asbury Automotive Group, one of the largest automotive retailers in the country, to offer Sirius to new and used car buyers," said Stan Dellis, Sirius Vice President of the Dealer Automotive Group. "Our commitment to Asbury is backed by a dynamic sales team experienced in the automotive dealer and aftermarket industry."

Asbury Vice President Finance & Insurance, Tom McCollum, says of this partnership, "We are very excited to be working with Sirius and to be able to offer our customers the very best in in-vehicle entertainment. This is a product that is a perfect fit for dealerships. It is both a profit opportunity and a customer satisfaction tool. We plan to integrate this product offering in all of our stores."

About Sirius

From its three satellites orbiting directly over the U.S., Sirius broadcasts 100 channels of digital quality radio throughout the continental United States for a monthly subscription fee of $12.95. Sirius delivers 60 original channels of completely commercial-free music in virtually every genre, and 40 world-class sports, news and entertainment channels. DaimlerChrysler has announced plans to offer Sirius radios in 16 models of Chrysler, Dodge and Jeep® vehicles beginning this fall. Ford is planning to offer Sirius in select vehicle lines sold in the United States, including Ford, Lincoln, Mercury, Mazda, Land Rover, Jaguar, Volvo and Aston Martin. BMW has announced plans to offer Sirius radios as an accessory in its most popular models through BMW centers across the country, including select BMW 3 Series, 5 Series, X5 vehicles, and in MINI vehicles through MINI dealerships. Nissan is currently offering Sirius radios in the 2003 Nissan Pathfinder SUV and has announced plans to offer Sirius radios as an option this fall on numerous Infiniti and Nissan 2003 models. Future Audi and Volkswagen models will also offer Sirius. Kenwood, Panasonic, Clarion, Audiovox, and Jensen satellite receivers, including models that can adapt any car stereo to receive Sirius, are available at retailers such as Circuit City, Best Buy, Sears, Good Guys, Tweeter, Ultimate Electronics and Crutchfield.

Click on http://www.sirius.com to listen to Sirius live, or to find a Sirius retailer in your area.