Attachment Exhibit E

This document pretains to SES-MOD-20040315-00397 for Modification on a Satellite Earth Station filing.

IBFS_SESMOD2004031500397_364812

EXHIBIT E


INTELSAT, LTD.

Date: 3/5/2004                           Register of Members                                               Matter: 342500


Class: ordinary shares                                                            Currency: U.S. DOLLARS
                                                                                  Par Value: 3.0000




Member                   Number             No. Shares   Transfer        % Paid        Date of Entry as
                                                         Details                           Member



Government of the Democratic and Popular Republic
of Algeria                                               1:3 share
Telecommunications Alger                                 consolidation
4 Bd. Krim Belkacem
Alger 16027
Algeria
                            1             513,695.0000                                     04 Jun 2002
Empresa de Telecomunicacoes de Angola, ANGOLA
TELECOM, E.P.                                             1:3 share
Rua 1 Congresso, 26, 1 Andar                             consolidation
P.O. Box 625
Luanda
Angola
                            2             380,514.0000                                     04 Jun 2002
Secretaria de Comunicaciones
Peru 103 Piso 15                                         1:3 share
C1067ACC — Capital Federal                               consolidation
Buenos Aires
Argentina
                            3              83,167.0000                                     04 Jun 2002
Advance Telecomunicaciones S.A.
L.N. Alem 628 piso 9                                     1:3 share
Capital Federal                                          consolidation
Buenos Aires C1001AAO
Argentina
                            4             148,939.0000                                     04 Jun 2002
GTECH Foreign Holdings Corporation
55 Technology Way                                        1:3 share
West Greenwich                                           consolidation
RI1 02817
USA
                            6              20,225.0000                                     04 Jun 2002
Pramer S.C.A.
Bonpland 1745 1—piso                                     1:3 share
Capital Federal                                          consolidation
Buenos Aires, 1414
Argentina
                            7              14,684.0000                                     04 Jun 2002
Servicio Para el Transporte de Informacion S.A.
(SPTD                                                    1:3 share
Aristobulo del Valle 1257                                consolidation
Piso 2
Capital Federal 1295
Buenos Aires
Argentina
                            8              21,130.0000                                     04 Jun 2002




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INTELSAT. LTD.                                                                                      Matter: 342500

Member                    Number          No. Shares    Transfer        % Paid   Date of Entry as
                                                        Details                     Member



Servicios Satelitales S.A.
Avenda Jujuy 1956                                        1:3 share
Capital Federal                                         consolidation
(ABU 1247)—Ciudad Autonoma de
Buenos Aires
Argentina
                       9                    790.0000                                04 Jun 2002
Tecoar S.A.
Av Rivadavia 1367 P16"A"                                 1:3 share
1033 Capital Federal                                    consolidation
Buenos Aires
Argentina
                             10         256,135.0000                                04 Jun 2002
Telefonica de Argentina
Calle Peron 1286 Piso 5                                  1:3 share
Capital Federal (1038)                                  consolidation
Buenos Aires
Argentina
                        12               203,059.0000                               04 Jun 2002
Ministry of Telecommunications of the Republic of
Armenia                                                  1:3 share
28 Nalbandyan Str.                                      consolidation
Yerevan 375010
Armenia
                        14               83,334.0000                                04 Jun 2002
Optus Networks Pty. Limited
Level 5                                                  1:3 share
242 Exhibition Street                                   consolidation
Melbourne Victoria 3000
Australia
                             15       1,551,372.0000                                04 Jun 2002
Telstra Corporation Limited
242 Exhibition Street                                    1:3 share
Level 5                                                 consolidation
Melbourne Victoria 3000
Australia
                         16           2,842,777.0000                                04 Jun 2002
Telekom Austria Aktiengesellschaft
Schwarzenbergplatz 3                                    1:3 share
A—1010 Vienna                                           consolidation
Austria
                        17              321,462.0000                                04 Jun 2002
Ministry of Communication of Azerbaijan Republic
Azerbaijan Avenue 33                                    1:3 share
P.O. Box 370139                                         consolidation
Baku
Azerbaijan
                      18               83,334.0000                                  04 Jun 2002
The Bahamas Telecommunication Corporation
(BATELCO)                                               1:3 share
P.O. Box N—3048                                         consolidation
John F. Kennedy Drive
Nassau N.P.
Bahamas
                             19         192,202.0000                                04 Jun 2002



                                                                                                           Page 2 of 26
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INTELSAT. LTD.                                                                                      Matter: 342500

Member                  Number            No. Shares    Transfer        % Paid   Date of Entry as
                                                        Details                     Member



Bahrain Telecommunications Company (BATELCO)
P.O. Box 14                                              1:3 share
Manama                                                  consolidation
Arabian Guif
Bahrain
                       20              558,082.0000                                 04 Jun 2002
Telegraph & Telephone Board of Bangladesh
Telejogajog Bhaban                                       1:3 share
37/E, Eskaton Garden                                    consolidation
Dhaka 1000
Bangladesh
                        21              355,197.0000                                04 Jun 2002
Cable & Wireless (Barbados) Limited
Widey                                                    1:3 share
St. Michael                                             consolidation
Barbados
                           22           148,407.0000                                04 Jun 2002
BELGACOM
BELGACOM Towers                                          1:3 share
U—Tower, 28th Floor                                     consolidation
Koning Albert II Iaan 27
B—1030 Brussels
Belgium
                          23             397,267.0000                               04 Jun 2002
Office des Postes et Telecommunications de la
Republique du Benin                                      1:3 share
01 B.P. 5959                                            consolidation
Cotonou
Benin
                        24              95,454.0000                                 04 Jun 2002
Empresa Nacional de Telecomunicaciones (ENTEL)
Calle Federico Zuazo No. 1771                            1:3 share
8vo. Piso                                               consolidation
La Paz
Bolivia
                       25             313,347.0000                                  04 Jun 2002
Bulgarian Telecommunications Company Ltd.
8 Totleben Blvd                                         1:3 share
1606 Sofia                                              consolidation
Buigaria
                           30            83,334.0000                                04 Jun 2002
Office National des Telecommunications (ONATEL)
du Burkina Faso                                         1:3 share
Avenue Nelson Mandela                                   consolidation
01 B.P. 10000
Quagadougou 01
Burkina Faso
                           31            96,857.0000                                04 Jun 2002
Cameroon Telecommunications (CAMTEL)
P.O. Box 1571                                           1:3 share
Yaounde                                                 consolidation
CAMEROON
                           32          310,170.0000                                 04 Jun 2002




                                                                                                           Page 3 of 26
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INTELSAT. LTD.                                                                                       Matter: 342500

Member                   Number             No. Shares   Transfer        % Paid   Date of Entry as
                                                         Details                     Member



CABO VERDE TELECOM, SARL
B.P. 220                                                  1:3 share
Praia                                                    consolidation
Cape Verde
                          34              83,334.0000                                04 Jun 2002
Societe Centrafricaine des Telecommunications
(SOCATEL)                                                 1:3 share
P.O. Box 939                                             consolidation
Bangui
Central African Republic
                      35                   23,221.0000                               04 Jun 2002
AT&T Chile Long Distance S.A.
Vitacura 2939                                             1:3 share
Piso 8                                                   consolidation
Santiago
Chile
                      36                   12,934.0000                               04 Jun 2002
Compania de telefonos de Chile Transmisiones
Regionales S.A.                                           1:3 share
c/o Telefonica Mundo 188                                 consolidation
Nueva de Lyon No. 72, piso 11
P.O. Box 16370
Providencia
Chile
                         37                96,022.0000                               04 Jun 2002
CHINA TELECOM
33 Erlong Road                                           1:3 share
Xicheng District                                         consolidation
Beijing 100032
People‘s Republic of China
                         38             2,769,292.0000                               04 Jun 2002
PCCW—HKT Limited
35th Floor                                               1:3 share
Cheung Kong Center                                       consolidation
2 Queen‘s Road
Central Hong Kong
People‘s Republic of China
                         39             1,055,732.0000                               04 Jun 2002
Office Congolais des Postes et Telecommunications
(OCPT)                                                   1:3 share con
Immeube INSS, ler niveau, 95
Boulevard du 30 juin
Kinshasa/Gombe
P.O0.Box 7070, Kinshasa 1
Democratic Republic of Congo
                        40                151,403.0000                               04 Jun 2002
Instituto Costarricense de Electricidad
Edificio Central                                         1:3 share
Sabana Norte                                             consolidation
Boulevard Las Americas
y Calle Luisa, Piso 2
Puerta 75, San Jose 1000
Costa Rica
                           41             316,027.0000                               04 Jun 2002




                                                                                                             Page 4 of 26
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INTELSAT. LTD.                                                                                        Matter: 342500

Member                  Number              No. Shares    Transfer        % Paid   Date of Entry as
                                                          Details                     Member



L‘Agence des Telecommunications de Cote d‘Ivoire
{(ATCH                                                     1:3 share
18 B.P. 2203                                              consolidation
Abidjan 18
Cote D‘ivoire
                         42               329,692.0000                                04 Jun 2002
Cote—d‘Ivoire (CI—Telecom)
17 BP 275                                                  1:3 share
Abidjan 17                                                consolidation
Cote Divoire
                         43                184,002.0000                               04 Jun 2002
Ministry of Maritime Affairs, Transport and
Communications                                             1:3 share
Prisavlje 14                                              consolidation
HR 10 000 Zagreb
Croatia (Hrvatska)
                         44                 95,955.0000                               04 Jun 2002
Empresa de Telecomunicaciones de Cuba, S.A.
(ETECSA)                                                   1:3 share
Calle 18 #3303 e/33 y 41                                  consolidation
Miramar
Plaga Ciudad De La Habana, CP1
Cuba
                        45                83,334.0000                                 04 Jun 2002
Ceske Radiokomunikace a.s.
U nakladoveho nadrazi 3114                                1:3 share
130 00 Praha 3                                            consolidation
Czech Republic
                        46               102,954.0000                                 04 Jun 2002
TDC Tele Danmark A/S
Norregade 21                                              1:3 share
DK—0900 Copenhagen C                                      consolidation
Denmark
                        47               313,192.0000                                 04 Jun 2002
TELE Greenland A/S
P.O. Box 1002                                             1:3 share
Skolevej 8                                                consolidation
DK—3900 Nuuk
Greenland
                        48               496,634.0000                                 04 Jun 2002
Pacifictel S.A.
Rocafuerte 732 y Roca                                     1:3 share
Edificio Pacifictel                                       consolidation
Guayaquil
Ecuador
                        50               129,682.0000                                 04 Jun 2002
Telecom Egypt
International Communications                              1:3 share
26 Ramsis Street                                          consolidation
P.O. Box 2271
Cairo, 11511
Egypt
                        51               769,449.0000                                 04 Jun 2002




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INTELSAT. LTD.                                                                                         Matter: 342500

Member                 Number                 No. Shares   Transfer        % Paid   Date of Entry as
                                                           Details                     Member


Compania de Telecomunicaciones de El Salvador,
S.A. de C.V.                                                1:3 share
63 Avenida Sur y Alameda                                   consolidation
Roosevelta, Centro Financiero
Gigante, Torre A, Nivel 11
San Salvador
El Salvador
                          52              98,305.0000                                  04 Jun 2002
Ministry of Transportation and Communications of
the Republic of Equatorial                                  1:3 share
Guinea                                                     consolidation
Calle Presidente Nasar S/N
A.P. 490 Malabo
Equatorial Guinea
                          53               83,334.0000                                 04 Jun 2002
Fiji International Telecommunications Limited
(FINTEL)                                                    1:3 share
158 Victoria Parade                                        consolidation
P.O. Box 59
Suva
Fiji
                         54              114,919.0000                                  04 Jun 2002
Sonera Carrier Networks Ltd.
P.O. Box 800                                                1:3 share
FIN—00051                                                  consolidation
Sonera
Finland
                        55                   §3,334.0000                               04 Jun 2002
FRANCE TELECOM
FTLD/DFI                                                   1:3 share
246 rue de Bercy                                           consolidation
Paris 75012
France
                        56             7,049,234.0000                                  04 Jun 2002
MULTICOMS
6 allee Latecoere                                          1:3 share
BP 280                                                     consolidation
78147 Velizy Cedex
France
                        57                       2.0000                                04 Jun 2002
Office des Postes et Telecommunications de
Polynesie Francaise                                        1:3 share
8, Rue De La Reine Pomare IV                               consolidation
98713 Papecte
Tahiti
French Polynesia
                          58             259,987.0000                                  04 Jun 2002
Office des Postes et Telecommunications (OPT)
Boite Postale 20000                                        1:3 share
Libreville                                                 consolidation
Gabon
                        59               142,467.0000                                  04 Jun 2002




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INTELSAT. LTD.                                                                                    Matter: 342500

Member                  Number           No. Shares   Transfer        % Paid   Date of Entry as
                                                      Details                     Member



SakSat Georgia, Ltd.
40 Old Orchard Drive                                   1:3 share
Weston                                                consolidation
CT 06883
United States
                          60            83,334.0000                               04 Jun 2002
Deutsche Telekom AG
ZB NW/IN135                                            1:3 share
Schofferstr. 10                                       consolidation
64307 Darmstadt
Germany
                          61         5,718,954.0000                               04 Jun 2002
Ghana Telecommunications Company Limited
Accra North Post Office                                1:3 share
Nsawan Road                                           consolidation
Accra—North
Ghana
                          62           347,544.0000                               04 Jun 2002
Empresa Guatemalteca de Telecomunicaciones
Calzado Aguilar Batres 35—37                           1:3 share
Zona 12                                               consolidation
Ciudad De Guatemala
Guatemala
                       63             427,460.0000                                04 Jun 2002
Empresa Hondurena de Telecomunicaciones
(HONDUTEL)                                             1:3 share
Blv. Centroamerica                                    consolidation
P.O. Box 1794
Tegucigalpa, M.D.C.
Honduras
                          64            83,334.0000                               04 Jun 2002
Iceland Telecom Limited
v/Austurvoll                                          1:3 share
IS—150 Reykjavik                                      consolidation
Iceland
                          66          214,605.0000                                04 Jun 2002
Videsh Sanchar Nigam Limited
Videsh Sanchar Bhavan                                 1:3 share
Mahatma Gandhi Road                                   consolidation
Mumbai 400 001
India
                          67         9,015,314.0000                               04 Jun 2002
PT INDOSAT
Jalan Medan Merdeka Barat 21                          1:3 share
P.O. Box 2905                                         consolidation
Jakarta 10110
Indonesia
                      68              562,090.0000                                04 Jun 2002
Telecommunication Company of Iran
TCI Building #2                                       1:3 share
Dr. Shariati Avenue                                   consolidation
P.O0. Box 16315—159
Tehran
fran
                          69         2,434,474.0000                               04 Jun 2002



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INTELSAT. LTD.                                                                                      Matter: 342500

Member                 Number             No. Shares    Transfer        % Paid   Date of Entry as
                                                        Details                     Member



RTE Commercial Enterprises Ltd.
Mount Errol                                              1:3 share
Donnybrook                                              consolidation
Dublin 4
Ireland
                       70             142,579.0000                                  04 Jun 2002
"BEZEQ" The Israel Telecommunication Corporation
Limited                                                  1:3 share
P.O. Box 1088                                           consolidation
Jerusalem 91010
Israel
                        71             1,234,100.0000                               04 Jun 2002
Cable & Wireless Jamaica Limited
47 Half Way Tree Road                                    1:3 share
Post Office Box 21                                      consolidation
Kingston 5
Jamaica
                           72           368,444.0000                                04 Jun 2002
KDDI Corporation
KDDI Bldg                                                1:3 share
3—2, Nishishinjuku 2—Chome                              consolidation
Shinjuku
Tokyo 163—8003
Japan
                       73              1,892,884.0000                               04 Jun 2002
Jordan Telecommunications Company
Prince Mohammad Street                                  1:3 share
Third Circle                                            consolidation
Tower Building
P.O. Box 1689
Amman 11118
Jordan
                           74           332,445.0000                                04 Jun 2002
Telkom Kenya Limited
Kenyatta Ave.                                           1:3 share
P.O. Box 30301                                          consolidation
Nairobi
Kenya
                         75             539,669.0000                                04 Jun 2002
Ministry of Posts and Telecommunications of the
Democratic People‘s Republic                            1:3 share
of Korea, c/o DPR of Korea                              consolidation
Permanent Mission to the
United Nations 820 2nd Av.
New York NY 10017
USA
                           76            83,334.0000                                04 Jun 2002
Ministry of Communications, The State of Kuwait
International Services Sector                           1:3 share
P.O. Box 318                                            consolidation
11111 Safat
Kuwait
                           78         1,069,179.0000                                04 Jun 2002




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INTELSAT. LTD.                                                                                        Matter: 342500

Member                  Number              No. Shares    Transfer        % Paid   Date of Entry as
                                                          Details                     Member


Ministry of Transport and Communications of
the Kyrgyz Republic                                        1:3 share
Isanov Street 42                                          consolidation
720017 Bishkek
Kyrgyz Republic
                         79              83,334.0000                                  04 Jun 2002
Government of Lebanon
P.O. Box 11—86                                             1:3 share
Beirut                                                    consolidation
Lebanon
                         80                281,102.0000                               04 Jun 2002
Government of the Great Socialist People‘s Libyan
Arab Jamahiriya                                           1:3 share
P.O. Box 886                                              consolidation
Zawia Street
Tripoli
Libya
                         81               484,754.0000                                04 Jun 2002
Government of the Principality of Liechtenstein
Ministry of PTT Liechtenstein                             1:3 share
Office for Foreign Affairs                                consolidation
Hiligkreuz 14
9490 Vaduz
Liechtenstein
                82                        83,334.0000                                 04 Jun 2002
TELECOM MALAGASY S.A.
DR.T. B.P. 763                                            1:3 share
Alarobia Antananarivo 101                                 consolidation
Madagascar
                             83           181,700.0000                                04 Jun 2002
Malawi Telecommunications Limited
Glyn Jones Road                                           1:3 share
P.O. Box 537                                              consolidation
Blantyre
Malawi
                84            95,955.0000                                             04 Jun 2002
TELEKOM MALAYSIA BERHAD (128740—P)
5th Floor                                                 1:3 share
Wisma Telecom, Block A                                    consolidation
Jalan Gelenggang
Damansa
50410 Kuala Lumpur
Malaysia
                             85          833,704.0000                                 04 Jun 2002
Societe des Telecommunications du Mali (SOTELMA)
B.P. 740                                                  1:3 share
Bamako                                                    consolidation
Mali
                             86          166,232.0000                                 04 Jun 2002
MALTACOM p.L.c.
Spencer Hill                                              1:3 share
Marsa                                                     consolidation
Malta
                             87          104,354.0000                                 04 Jun 2002




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INTELSAT. LTD.                                                                                     Matter: 342500

Member                   Number           No. Shares   Transfer        % Paid   Date of Entry as
                                                       Details                     Member



Mauritius Telecom Limited
Cassis Satellite Earth Station                          1:3 share
Menagerie Road                                         consolidation
Cassis
Mauritius
                88           316,027.0000                                          04 Jun 2002
TELECOMUNICACIONES DE MEXICO
(TELECOMM)                                              1:3 share
Eje Central Lazaro Cardenas                            consolidation
No. 567, Torre Central de
Telecomunicaciones, Piso 11
Ala Norte Col. Narvarte, C.P.
03020, Mexico
                            89          563,357.0000                               04 Jun 2002
Federated States of Micronesia Telecommunications
Corporation                                             1:3 share
P.O. Box 1210                                          consolidation
Kolonia
Pohnpei 96941
Federated State of Micronesia
                 90                      83,334.0000                               04 Jun 2002
MONACO TELECOM S.A.M.
7 Rue du Gabian                                         1:3 share
98000                                                  consolidation
Monaco
                            91          174,002.0000                               04 Jun 2002
Mongolia Telecom
Sq. Sukhbaatar—9                                       1:3 share
P.0.B. 1166                                            consolidation
Ulaanbaatar 210611
Mongolia
                          92             83,334.0000                               04 Jun 2002
Itissalat Al Maghrib S.A.
Avenue Ennakhil—Hay Riad                               1:3 share
Rabat                                                  consolidation
Morocee
                       93              271,200.0000                                04 Jun 2002
Empresa Nacional de Telecomunicacoes de
Mocambique, E.P.—TDM                                   1:3 share
Rue Da Se, No.2                                        consolidation
P.O. Box 25
Maputo
Mozambique
                       94              255,024.0000                                04 Jun 2002
Telecom Namibia Limited
P.O. Box 297                                           1:3 share
Windhoek                                               consolidation
Namibia
                       95                83,334.0000                               04 Jun 2002
Nepal Telecommunications Corporation
Central Office                                         1:3 share
Sanchar Bhavan                                         consolidation
Bhradrakali Plaza
Kathmandu
P.0.Box 5406
Nepal
                          96            133,139.0000                               04 Jun 2002
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INTELSAT. LTD.                                                                                      Matter: 342500

Member                 Number             No. Shares    Transfer        % Paid   Date of Entry as
                                                        Details                     Member



Telecom Corporation of New Zealand Limited
Telecom Networks House                                   1:3 share
68—86 Jervols Quay                                      consolidation
P.O. Box 1092
Wellington 6015
New Zealand
                        97              820,597.0000                                04 Jun 2002
Television New Zealand Ltd.
Television Centre                                        1:3 share
100 Victoria St West                                    consolidation
P.O. Box 3819
Auckland
New Zealand
                          98               3,409.0000                               04 Jun 2002
Instituto Nicaraguense de Telecomunicaciones y
Correos (TELCOR)                                         1:3 share
Edificio Del Seguro Social VI                           consolidation
piso
Apartado Postal No. 2664
Managua
Nicaragua
                          99             89,450.0000                                04 Jun 2002
Societe Nigerienne des Telecommunications
(SONITEL)                                                1:3 share
B.P. 208                                                consolidation
Niamey
Niger
                         100            112,259.0000                                04 Jun 2002
Nigerian Telecommunications Limited (NITEL)
Block 4, Mambolo Street                                 1:3 share
Wuse, Zone 2                                            consolidation
P.O. Box 2890
Garki
Abuja
Nigeria
                          101           997,467.0000                                04 Jun 2002
Telenor Broadband Services AS
P.O.Box 6914                                            1:3 share
St. Olavs Plass                                         consolidation
Oslo N—0130
Norway
                     102          6,855,530.0000                                    04 Jun 2002
Oman Telecommunications Company (S.A.O.C.)—
Omantel                                                 1:3 share
P.O. Box 789                                            consolidation
Omantel, Ruwi
Postal code 112
Muscat
Oman
                          103          280,187.0000                                 04 Jun 2002
Cable & Wireless Panama S.A.
Edificio Plaza Internacional                            1:3 share
Torre C                                                 consolidation
Via Espana Ciudad De Panama
9A
Panama
                          104          487,559.0000                                 04 Jun 2002

                                                                                                          Page 11 of 26
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 INTELSAT. LTD.                                                                                       Matter: 342500

 Member                  Number             No. Shares    Transfer        % Paid   Date of Entry as
                                                          Details                     Member



 Telikom PNG Limited
 P.O. Box 84                                               1:3 share
 Kumul Avenue                                             consolidation
 Waigani NUD
 Papua New Guinea
                          105            111,336.0000                                 04 Jun 2002
 Comision Nacional de Telecomunicaciones
 (CONATEL)                                                 1:3 share
 Dpto. De Relaciones                                      consolidation
 Internacionales Yegros 437 Y
 25 De Mayo Edificio San Rafael
 Piso 2 Asunction
 Paraquay
                         106            251,407.0000                                  04 Jun 2002
 Philippine Communications Satellite Corporation
 (PHILCOMSAT)                                             1:3 share
 11/F Telecoms Plaza Bldg.                               consolidation
 316 Sen. Gil Puyat Ave.
 Makati City 1200
 Philippines
                         107              394,805.0000                                04 Jun 2002
 The Polish Telecommunication Company
 "Tp Sat" Centrum Uslug                                   1:3 share
Satelitamych                                             consolidation
W Psarach K. Kielc
Skr. Poozt. 745
25—324 Kielce 25
Poland
                        108             404,209.0000                                  04 Jun 2002
Qatar Public Telecommunications Corporation
(Q—Tel)                                                   1:3 share
New Headquarters Tower                                   consolidation
P.O0.Box 217, West Bay
Doha
Qatar
                         110            281,672.0000                                  04 Jun 2002
SOCIETATEA NATIONALA DE
RADIOCOMUNICATII S.A.                                     1:3 share
Bd. Liberatatii nr. 14                                   consolidation
70060 Bucharest Sector 5
Romania
                         111             255,077.0000                                 04 Jun 2002
Central Bank of Russian Federation (Bank of
Russia)                                                  1:3 share
12, Neglinnaya Street                                    consolidation
103016 Moscow
Russia
                         112            848,115.0000                                  04 Jun 2002
Rwandatel S$.A.
B.P.1332                                                 1:3 share
Kigali                                                   consolidation
Rwanda
                         113             83,334.0000                                  04 Jun 2002




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INTELSAT. LTD.                                                                                      Matter: 342500

Member                 Number             No. Shares    Transfer        % Paid   Date of Entry as
                                                        Details                     Member



Saudi Telecom Company (STC)
International Affairs                                    1:3 share
P.O0.Box 87912                                          consolidation
Riyadh 11652
Saudi Arabia
                         114           1,506,892.0000                               04 Jun 2002
Societe Nationale des Telecommunications (SONATEL)
6 Rue Wagane Diouf Dakar                                 1:3 share
B.P. 69                                                 consolidation
Dakar
Senegal
                         115             380,349.0000                               04 Jun 2002
Singapore Telecommunications Limited
31 Exeter Road                                           1:3 share
#08—00 COMCENTRE                                        consolidation
239732
Singapore
                         116           1,581,372.0000                               04 Jun 2002
ST Teleport PTE Ltd.
2B/2C Ayer Rajah Crescent                                1:3 share
139937                                                  consolidation
Singapore
                         117               1,044.0000                               04 Jun 2002
Telefonica de Espana, S.A.
Jefe de Gestion Del Segmento                            1:3 share
Espacial                                                consolidation
Plaza De Espana 5, 4a Planta
Madrid 28008
Spain
                         119          1,224,877.0000                                04 Jun 2002
Electroteks Limited
429, D Galle Road                                       1:3 share
Ratmalana                                               consolidation
Sri Lanka
                        120                 389.0000                                04 Jun 2002
Sri Lanka Telecom
P.O. Box 235                                            1:3 share
OTS Building                                            consolidation
Lotus Road
Colombo 01
Sri Lanka
                        121             394,944.0000                                04 Jun 2002
Government of the Republic of the Sudan
P&T Main Building                                       1:3 share
Gama A (University) Street                              consolidation
P.O. Box 1130
Khartoum 11111
Sudan
                        122             138,849.0000                                04 Jun 2002
Posts and Telecommunications Corporation (Public)
P.O. Box 125                                            1:3 share
Mbabane H100                                            consolidation
Swaziland
                        123              83,334.0000                                04 Jun 2002




                                                                                                          Page 13 of 26
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INTELSAT. LTD.                                                                                        Matter: 342500

Member                 Number               No. Shares    Transfer        % Paid   Date of Entry as
                                                          Details                     Member


Telia AB
SE—123 86 FARSTA                                           1:3 share
Vitsandsgatan 9                                           consolidation
Sweden
                         124              522,064.0000                                04 Jun 2002
Tele2 Sverige AB
Carrier Services                                           1:3 share
Borgarfjordsgatan                                         consolidation
P.O. Box 62
S$—164 94 Kista
Sweden
                         125                    2.0000                                04 Jun 2002
Swisscom AG
C/O Swisscom Ltd.                                          1:3 share
Headquarters                                              consolidation
Alite Teifenaustr. 6
3050 Bern
Switzerland
                         126             1,263,054.0000                               04 Jun 2002
Government of the Syrian Arab Republic
C/O Syrian Telecommunications                              1:3 share
Establishment                                             consolidation
Al—Naser Street
Damascus
Syria
                       127            162,145.0000                                    04 Jun 2002
Tanzania Telecommunications Company Limited
Samora Avenue 11th Floor                                   1:3 share
P.O. Box 9070                                             consolidation
Dar Es Salaam
Tanzania
                        128               232,860.0000                                04 Jun 2002
Societe des Telcommunications du Togo
(TOGO TELECOM)                                             1:3 share
Avenue Nicolas Grunitzky                                  consolidation
B.P.333
Lome
Togo
                       130               46,804.0000                                  04 Jun 2002
Telecommunications Services of Trinidad and
Tobago Limited                                            1:3 share
TSTT House                                                consolidation
1 Edward Street
Port of Spain
Trinidad
West Indies
                         131              112,369.0000                                04 Jun 2002
Turk Telekomunikasyon A.S.
Uydu Haberlesme Dairesi Bsk.                              1:3 share
06103 Ankara                                              consolidation
Turkey
                         132            2,502,134.0000                                04 Jun 2002
Uganda Telecom Limited
P.O.Box 7171                                              1:3 share
Kampala                                                   consolidation
Uganda
                       133                 83,334.0000                                04 Jun 2002
                                                                                                            Page 14 of 26
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INTELSAT. LTD.                                                                                       Matter: 342500

Member                   Number            No. Shares    Transfer        % Paid   Date of Entry as
                                                         Details                     Member



Ministry of Communications of the Government
of the United Arab Emirates                               1:3 share
P.O. Box 900                                             consolidation
Abu—Dhabi
United Arab Emirates
                         134          1,363,459.0000                                 04 Jun 2002
British Telecommunications ple
The Angel Centre                                          1:3 share
PP3C.69                                                  consolidation
403, St Johns Street
London ECIV 4PL
UK
                         135            6,388,702.0000                               04 Jun 2002
Beednet Group
4005 25th Street North                                    1:3 share
Arlington, VA 22207—3901                                 consolidation
United States
                        136                 1,385.0000                               04 Jun 2002
Cable and Wireless plc
26 Red Lion Square                                       1:3 share
London WCIR 4HQ                                          consolidation
United Kingdom
                        137             3,410,112.0000                               04 Jun 2002
Cable and Wireless (West Indies) Ltd.
26 Red Lion Square                                       1:3 share
London WCIR 4HQ                                          consolidation
United Kingdom
                         138             216,220.0000                                04 Jun 2002
Caprock UK Ltd.
Caprock Building                                         1:3 share
Denmore Rd                                               consolidation
Denmore Rd Industrial Est
Aberdeen AB21 8JW
United Kingdom
                        139                    2.0000                                04 Jun 2002
Comsat General Corporation
6560 Rock Spring Drive                                   1:3 share
Bethesda                                                 consolidation
Maryland 20817
United States
                         140            1,983,149.0000                               04 Jun 2002
Comsat International Ventures
6560 Rock Spring Drive                                   1:3 share
Bethesda                                                 consolidation
Maryland 20817
United States
                         141                   2.0000                                04 Jun 2002
Data Marine Systeras Ltd.
7265 Old Galviston Highway                               1:3 share
Highway 3                                                consolidation
Houston
Texas 77034
United States
                         142               8,155.0000                                04 Jun 2002




                                                                                                           Page 15 of 26
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INTELSAT. LTD.                                                                                       Matter: 342500

Member                   Number            No. Shares    Transfer        % Paid   Date of Entry as
                                                         Details                     Member



Datasat Communications Limited
Ashbourne, Black Lane                                     1:3 share
Chalfont St. Giles                                       consolidation
Bucks.
HP8 4NY
United Kingdom
                      143                 127,519.0000                               04 Jun 2002
DeTeSat Deutsche Telekom
Purchase Department                                       1:3 share
Hochstadenring 50                                        consolidation
D—53119 Bonn
Germany
                      144                  9,074.0000                                04 Jun 2002
Flow—Line Communications Ltd.
Ariel House, Mill Lane                                    1:3 share
Alton, Hampshire, GU342QJ                                consolidation
United Kingdom
                           145                 2.0000                                04 Jun 2002
Kingston TLI Ltd.
Chalfont Grove                                           1:3 share
Gerrands Cross                                           consolidation
Buckinghamshire SL9 8STN
United Kingdom
                       147                96,307.0000                                04 Jun 2002
Multipoint Communications Ltd.
Satellite House                                          1:3 share
Eastways Industrial Park                                 consolidation
Witham, Essex, CMS8 3YQ
United Kingdom
                           148                 2.0000                                04 Jun 2002
National Transcommunications Ltd. (NTL)
Crawley Court                                            1:3 share
Winchester                                               consolidation
Hampshire
United Kingdom
                       149                     2.0000                                04 Jun 2002
RTE Commercial Enterprises Ltd.
Mount Erroi                                              1:3 share
Donnybrook                                               consolidation
Dublin 4
Ireland
                           150                 2.0000                                04 Jun 2002
Redwing Satellite Solutions Ltd.
Transmission Station                                     1:3 share
Great North Road                                         consolidation
Brookmans Park
Hertfordshire
A19 6 NE
United Kingdom
                         151              95,062.0000                                04 Jun 2002
Teleglobe International (UK) Ltd.
1000 Rue de la Gauchetiere                               1:3 share
Quest                                                    consolidation
Montreal Quebec H3B 4X5
Canada
                      155                      2.0000                                04 Jun 2002


                                                                                                           Page 16 of 26
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INTELSAT. LTD.                                                                                     Matter: 342500

Member                  Number            No. Shares   Transfer        % Paid   Date of Entry as
                                                       Details                     Member



COMSAT Corporation
Rock Spring One, Fourth Floor                           1:3 share
6560 Rock Spring Drive                                 consolidation
Bethesda
Maryland 20817
United States
                        156          36,319,340.0000                               04 Jun 2002
Administracion Nacional de Telecomunicaciones
Casilla De Correo 1477                                  1:3 share
Av. Fernandez Crespo 1534                              consolidation
Piso 4
Montevideo 11200
Uruguay
                       157               87,597.0000                               04 Jun 2002
Post and Telecommunications Agency of the
Republic of Uzbekistan                                  1:3 share
Amir Temur Street, 24                                  consolidation
700000 Tashkent
Uzbekistan
                          158            83,334.0000                               04 Jun 2002
Government of the Vatican City State
Vatican City State                                      1:3 share
00120 Rome                                             consolidation
Italy
Vatican City
                        159           83,334.0000                                  04 Jun 2002
Venezuelan Telephone Company (Compania Anonima
Nacional Telefonos de                                   1:3 share
Venezuela) Avenida Libertador                          consolidation
Cetro Nacional De
Telecomunicaciones Piso 20
Apartado Postal
Caracas 1010, Venezuela
                         160          1,865,544.0000                               04 Jun 2002
Vietnam Posts and Telecommunications Corporation
18 Nguyen Du Street                                     1:3 share
Hanoi                                                  consolidation
Socialist Republic of Vietnam
                         161           414,215.0000                                04 Jun 2002
Government of the Republic of Yemen
Airport Road                                           1:3 share
Al—Jirap                                               consolidation
P.O. Box 25237
Sana‘a
Republic of Yemen
                        162            143,144.0000                                04 Jun 2002
Community of the Yugoslav Posts,
Telegraphs and Telephones                              1:3 share
Palmoticeva 2                                          consolidation
11000 Belgrade
Yugoslavia
                          163           95,955.0000                                04 Jun 2002




                                                                                                         Page 17 of 26
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INTELSAT. LTD.                                                                                       Matter: 342500

Member                      Number          No. Shares   Transfer        % Paid   Date of Entry as
                                                         Details                     Member


Zambia Telecommunications Company Limited
Provident House                                           1:3 share
Corner of Moffat Road and                                consolidation
Broadway
P.O. Box 71660
Ndola
Zambia
                            164           138,957.0000                               04 Jun 2002
Government of Zimbabwe
 107 Union Avenue                                         1:3 share
P.O. Box CY 331                                          consolidation
Causeway
Harare
Zimbabwe
                            165            30,237.0000                               04 Jun 2002
Hare & Co. as nominee for the Bank of New York,
Trustee under Trust Agmt. I                               1:3 share
among Intelsat, Ltd., the                                consolidation
Trustee and Pakistan
Telecommunication Company
Limited, Global Fin. Unit, 101
Barclay St FI 21 W, NY,NY 10286
                         166            1,106,707.0000                               04 Jun 2002
Tryco International Inc.
6736 Old McLean Villiage Drive                            1:3 share
McLean                                                   consolidation
VA 22101
USA
                            167            83,334.0000                               04 Jun 2002
Codan Trust Co Ltd as Trustee under Collateral
Trust Agmt among it, Intelsat,                           1:3 share
Ltd. and Pakistan                                        consolidation
Telecommunication Company
Limited
Richmond Hse, Par—la—Ville Rd
Hamilton, Bermuda
                            169            16,512.0000                               04 Jun 2002
Codan Trust Co Ltd as Trustee under Collateral
Trust Agmt among it, Intelsat,                           1:3 share
Ltd. and Telikom PNG Limited                             consolidation
Richmond House, Par—la—Ville
Road, Hamilton
Bermuda
                        170              1,034.0000                                  04 Jun 2002
Societe des Telecommunications du Togo
(TOGO TELECOM)                                           1:3 share
Avenue Nicolas Grunitzky                                 consolidation
B.P.333
Lome
Togo
                        171            117,366.0000                                  04 Jun 2002




                                                                                                           Page 18 of 26
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INTELSAT. LTD.                                                                                         Matter: 342500

Member                  Number               No. Shares   Transfer         % Paid   Date of Entry as
                                                          Details                      Member



Codan Trust Co Ltd as Trustee under Collateral
Trust Agmt among it, Intelsat                              1:3 share
Ltd., and Societe                                         consolidation
Centrafricaine des
Telecommunications (SOCATEL)
Richmond Hse, Par—la—Ville Rd
Hamilton, Bermuda
                          172               72,734.0000                                04 Jun 2002
Codan Trust Co Ltd as Trustee under Collateral
Trust Agmt among it, Intelsat,                             1:3 share
Ltd., and Government of                                   consolidation
Zimbabwe
Richmond House, Par—la—Ville
Road, Hamilton
Bermuda
                          173               53,097.0000                                04 Jun 2002
Codan Trust Co Ltd as Trustee under Collateral
Trust Agmt among it, Intelsat,                             1:3 share con
Ltd., and Office Congolais des
Postes et Telecommunications
(OCPT)
Richmond Hse, Par—la—Ville Rd
Hamilton, Bermuda
                          174             100,851.0000                                 04 Jun 2002
Orbital Holdings, Ltd.
Codan Trust Company (Cayman)                               1:3 share
Limited                                                   consolidation
P.O0.Box 2681 GT
Zephyr House, Mary Street
George Town, Grand Cayman
British West Indies
                          175            712,243.0000                                  04 Jun 2002
Societe Nigerienne des Telecommunications
(SONITEL)                                                 1:3 share
B.P. 208                                                  consolidation
Niamey
Niger
                          176              10,698.0000                                 04 Jun 2002
Entreprise des Postes et Telecommunications
8a, avenue Monterey                                       1:3 share
L—2020                                                    consolidation
Luxembourg
                          177             83,334.0000                                  04 Jun 2002
Andinatel S.A.
Calle Veintimilla                                         1:3 share
1149 Y Av. Amazonas                                       consolidation
Edificio De Andinatel
Piso 2
Quito
Ecuador
                          178            253,074.0000                                  04 Jun 2002




                                                                                                             Page 19 of 26
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INTELSAT. LTD.                                                                                       Matter: 342500

Member                   Number            No. Shares    Transfer        % Paid   Date of Entry as
                                                         Details                     Member


Western Telesystems (Ghana) Ltd.
Kyem Place No 1 Dr, Isert Rd                              1:3 share
7th Avenue Ext.                                          consolidation
North Ridge
Accra
Ghana
                           179            22,019.0000                                04 Jun 2002
SOTELGUIT
B.P. 2066                                                 1:3 share
Conakry                                                  consolidation
Guinea
                       180               16,947.0000                                 04 Jun 2002
Ethiopian Telecommunications Corporation
P.O. Box 1047                                             1:3 share
Addis Ababa                                              consolidation
Ethiopia
                       182             220,424.0000                                  04 Jun 2002
Empresa Nacional de Telecomunicaciones TELECOM
Carrera 12                                                1:3 share
No 23—83, Piso 3                                         consolidation
Santa Fe de Bogota, D.C.
Colombia
                        183            2,500,390.0000                                04 Jun 2002
Gibraltar Telecommunications International
Limited                                                  1:3 share
Mount Pleasant                                           consolidation
25 South Barrack Road
Gibraltar
                        187                47,204.0000                               04 Jun 2002
Orbital Holdings, Ltd.
Codan Trust Company (Cayman)                             1:3 share
Limited                                                  consolidation
P.0.Box 2681 GT
Zephyr House, Mary Street
George Town, Grand Cayman
British West Indies
                         188            1,580,927.0000                               04 Jun 2002
Telepuerto Internacional Buenos Aires, S.A.
Olga Cosential 731 Piso 4                                1:3 share
Puerto Madero Este                                       consolidation
C1107BVA, Puerto Madero
Buenos Aires
Argentina
                       189               265,951.0000                                04 Jun 2002
Ministry of Communications of the
Republic of Tajikistan                                   1:3 share
of 57 Rudaki Ave                                         consolidation
734000
Dushanbe
Republic of Tajikistan
                       190                83,334.0000                                04 Jun 2002
Rudolf Schillinger
Lueholzstrasse 1                                         1:3 share
8634 Hombrechtikon                                       consolidation
Switzerland
                         192             156,692.0000                                04 Jun 2002

                                                                                                           Page 20 of 26
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INTELSAT. LTD.                                                                                      Matter: 342500

Member                 Number            No. Shares   Transfer          % Paid   Date of Entry as
                                                      Details                        Member



Frederic Putod
31 rue L                                               1:3 share
Lotissement Avenir                                    consolidation
Casablanca
Moroceo
                         193             8,230.0000                                 04 Jun 2002
Z & L S.A.
19, rue Roux de Brignoles                             1:3 share
F 13006 Marseille                                     consolidation
France
                         194             8,230.0000                                 04 Jun 2002
Michel Ducros
Le Village                                            1:3 share
CH 1195—Bursinel                                      consolidation
Switzerland
                         196            19,751.0000                                 04 Jun 2002
Bruno Garcin
97 Ifield Road                                        1:3 share
London SW10—9AS                                       consolidation
United Kingdom
                         197             4,938.0000                                 04 Jun 2002
VISOR Investment Solutions Ltd.
100G Furmanov Street                                  1:3 share
480091 Almaty                                         consolidation
Kazakhstan
                        198           419,710.0000                                  04 Jun 2002
KPN Satcom B.V.
Maaplein 5                                            1:3 share
TP1, 3rd Floor                                        consolidation
2516 CK The Hague
The Netherlands
                        200          2,024,029.0000                                 04 Jun 2002
Codetel, C. por A.
Av. Abraham Lincoln, No. 1101
Apartado 1377                                         Name Change
Santo Domingo                                         Trans from #49
Dominican Republic
                      201             355,642.0000                                  13 Jun 2002
Telecom Argentina STET — France Telecom S.A.
Alicia Moreau de Justo 50
Piso 40
Buenos Aires C1107AAB                                 Trans from #11
Argentina
                      202              60,000.0000                                  17 Jun 2002
Telecom Argentina STET — France Telecom S.A.
Alicia Moreau de Justo 50
Piso 40
Buenos Aires C1107AAB                                 Trans from #11
Argentina
                        203           200,432.0000                                  17 Jun 2002
Telefonica del Peru S.A.A.
Av. Benavidides 661, Piso 12
Lima—18                                               Name Change
Peru                                                  Trans from #186
                        204           619,230.0000                                  19 Jun 2002


                                                                                                          Page 21 of 26
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INTELSAT. LTD.                                                                                       Matter: 342500

Member                    Number          No. Shares   Transfer          % Paid   Date of Entry as
                                                       Details                       Member



Telekom Austria Aktiengesellschaft
Schwarzenbergplatz 3
A—1010 Vienna
Austria                                                Trans from #168
                       205                1,259.0000                                  19 Jun 2002
Empresa Nacional de Telecomunicaciones S.A.
(ENTEL)
Ave. Andres Bello 2687
Piso 14                                                Trans from #191
Santiago de Chile
Chile
                     206           1,075,104.0000                                    20 Jun 2002
Gambia Telecommunications Company Ltd.
3A Nelson Mandela Street
P.O. Box 387
Banjul                                                 Trans from #191
Gambia
                           207           83,334.0000                                 20 Jun 2002
Mediterranean Network S.A.M.
Centre Gildo Pastor
7 rue du Gabian                                        Trans from #154
MC 98000
Monaco
                           209           45,555.0000                                 25 Jun 2002
Mediterranean Network S.A.M.
Centre Gildo Pastor
7 rue du Gabian                                        Trans from #184
MC 98000
Monaco
                           210            2,694.0000                                 25 Jun 2002
Telefonica del Peru S.A.A.
Av. Benavidides 661, Piso 12
Lima—18                                                Name Change
Peru                                                   Trans from #185
                           211         928,845.0000                                  27 Jun 2002
Mirror International GmbH
Rathenau Platz 2—8
60313 Frankfurt                                        Name Change
Am Main                                                Trans from #181
Germany
                           213       4,605,244.0000                                   30 Jul 2002
Telecommunications d‘Haiti S.A.M.
of 98, Angle Ave.
Martin Luther King & Fernand                           Trans from #208
(Pont—Mortin)
Casier Postal 814
Port—au—Prince
Haiti
                           214          115,079.0000                                 07 Aug 2002
Hare & Co. as nominee for the Bank of New York,
Trustee for the Beneficiaries
of Trust Agmt. II dated                                Trans from #208
July 18, 2001
Global Finance Unit, 101
Barclay St, FI 21, West
New York, NY 10286
                           215         350,942.0000                                  07 Aug 2002
                                                                                                            Page 22 of 26
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INTELSAT. LTD.                                                                                         Matter: 342500

Member                   Number             No. Shares   Transfer          % Paid   Date of Entry as
                                                         Details                       Member



ERNST & YOUNG INC. as Escrow Agent under
an Escrow Agrmt. dated                                   Trans from #33
Sept 20, 2002
Emst & Young Tower
222 Bay Street, PO Box 251
Toronto, Ontario
Canada
                       217           6,284,635.0000                                    20 Sep 2002
Government of the Hashemite Kingdom of Jordan
of P.O0.Box 9903                                         trans from #216
Amman 11191
JORDAN
                       218              83,165.0000                                    27 Sep 2002
Comsat Corporation
6560 Rock Spring                                         trans from #220
Bethesda                                                 trans from #221
Maryland 20817
USA
                       222           1,782,201.0000                                    11 Oct 2002
PEACOCK International Holdings, Ltd.
Arawak Chambers                                          trans from #195
Road Town
Tortola
British Virgin Islands
                        223                24,689.0000                                 25 Oct 2002
Public Enterprise BH Telecom Sarajevo
Obala Kulina bana 8                                      trans from #26
71000 Sarajevo
Bosnia and Herzegov
                       224                97,680.0000                                  06 Dec 2002
Cyprus Telecommunications Authority
of Telecommunications Street                             trans from #219
P.O. Box 24929
CY—1396 Nicosia
Cyprus
                         225              95,955.0000                                  06 Dec 2002
KT Corporation
206 Jungja—dong Pundang—gu                               Trans from #77
Songnam—city Kyonggi—do
Zip 463—711
Republic of Korea
                       230              1,217,695.0000                                 10 Jan 2003
Teleglobe Inc.
1000 de La Gauchetiere                                   trans from #29
West Street
20th Floor
Montreal
Quebec H3B
Canada
                         231               5,224.0000                                  21 Mar 2003
PT Comunicacoes, S.A.
Rua Andrade Corvo, 6                                     Trans from #109
1050—009                                                 Re amalgamation
Lisboa
Portugal
                         232            1,047,867.0000                                21 May 2003

                                                                                                             Page 23 of 26
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INTELSAT. LTD.                                                                                       Matter: 342500
Member                    Number          No. Shares   Transfer          % Paid   Date of Entry as
                                                       Details                       Member


JSC TNS—Plus
285 Rozybakiev Street                                  Trans from #226
Almaty, 480060
Republic of Kazakhstan
                           233         204,402.0000                                  26 Jun 2003
Hare & Co. as nominee for the Bank of New York,
Trustee for the Beneficiaries                          Trans from #226
of Trust Agrat. II dated
July 18, 2001
Global Finance Unit, 101
Barclay St, FI 21, West
New York, NY 10286
                        234        1,919,703.0000                                    26 Jun 2003
HUNSAT Magyar Urtavkozlesi Reszvenytarsasag
12—14 Varosmajor Street                                Trans from #212
1122 Budapest
Hungary
                           235          171,509.0000                                  01 Jul 2003
GEM FUND HOLDINGS A, LTD.
Ugland House                                           Trans from #229
South Church Street
Grand Cayman
Cayman Islands
                   236                1,279,687.0000                                  18 Jul 2003
GSEF HOLDINGS A, LTD.
Ugland House                                           Trans from #227
South Church Street
Grand Cayman
Cayman Islands
                    237       515,021.0000                                            18 Jul 2003
GEM PARALLEL HOLDINGS A, LTD.
Ugland House                                           Trans from #228
South Church Street
Grand Cayman
Cayman Islands
                    238       135,407.0000                                            18 Jul 2003
GSEF HOLDINGS A, LTD.
Ugland House                                           trans from #27
South Church Street
Grand Cayman
Cayman Islands
                    239        712,055.0000                                          25 Jul 2003
BSSF PARALLEL HOLDINGS A, LTD.
Ugland House                                           Trans from #27
South Church Street
George Town
Grand Cayman
Cayman Islands
                   240                 467,114.0000                                  25 Jul 2003
BVF HOLDINGS A, LTD.
Ugland House                                           Trans from #27
South Church Street
George Town
Grand Cayman
Cayman fslands
                          241          566,038.0000                                  25 Jul 2003

                                                                                                           Page 24 of 26
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INTELSAT. LTD.                                                                                    Matter: 342500

Member                    Number       No. Shares   Transfer          % Paid   Date of Entry as
                                                    Details                       Member


GEM FUND HOLDINGS A, LTD.
Ugland House                                        Trans from #27
South Church Street
Grand Cayman
Cayman Islands
                    242         546,000.0000                                       25 Jul 2003
GEM PARALLEL HOLDINGS A, LTD.
Ugland House                                        Trans from #27
South Church Street
Grand Cayman
Cayman Islands
                    243          57,774.0000                                       25 Jul 2003
BSSF HOLDINGS A, LTD.
Ugland House                                        Trans from #27
South Church Street
George Town
Grand Cayman
Cayman Islands
                    244       1,561,188.0000                                      25 Jul 2003
John H. Mattingly
6320 Karmich Street                                 Trans from #245
Fairfax Station
VA 22039—1621
USA
                     246               4,115.0000                                 04 Aug 2003
CAT Telecom Public Company Limited
99 Moo 3, Chaeng Watthana Road                      Trans from #129
Thung Song Hong
Lak St
Bangkok 10002
Thailand
                          247        793,015.0000                                 05 Nov 2003
FHF Holding, LLC.
c/o Keil J. Ritterpusch                             Trans from #153
Pierson & Burnett, LLP
517 S. Washington Street
Alexandria
Virginia 22314
USA
                        248          129,562.0000                                 31 Dec 2003
Spacelink International LLC
45975 Nokes Boulevard                               Trans from #153
Suite 145
Dulles
Virginia 20166
UNITED STATES
                          249        227,850.0000                                 31 Dec 2003
GlobeCast UK Ltd
200 Gray‘s Inn Road                                 Trans from #146
London WCIX 8XZ                                     and #199
United Kingdom                                      Name Change
                          250         59,855.0000                                 22 Jan 2004




                                                                                                        Page 25 of 26
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 INTELSAT. LTD.                                                                                       Matter: 342500

Member                 Number              No. Shares   Transfer          % Paid   Date of Entry as
                                                        Details                       Member


J. Armand Musey
 128 E 84th St                                          trans from #152
Apt 3C
New York
NY 10028
USA
                         251               6,500.0000                                 02 Feb 2004
Hoyt Davidson
945 West Road                                           trans from #152
New Canaan
CT 06840
USA
                         252               8,000.0000                                 02 Feb 2004
John H. Mattingly
6320 Karmich Street                                     trans from #152
Fairfax Station
VA 22039—1621
USA
                         253               5,347.0000                                 02 Feb 2004
Robert S. Twining
1411 Kurtz Rd                                           trans from #152
McLean
VA 22101
USA
                         254               4,000.0000                                 02 Feb 2004



         Total Shares:               166,666,755.0000




                                                                                                            Page 26 of 26
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Document Created: 2004-03-12 17:24:03
Document Modified: 2004-03-12 17:24:03

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