Safe Harbor Forward Looking Statement. This presentation contains forward-looking information, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that is based on management’s beliefs and assumptions, current expectations, estimates and projections. Such information, including information relating to the Company’s expectations for future financial performance, is not considered historical facts and is considered forward-looking information under the federal securities laws. This information may contain words such as “believes,” “anticipates,” “plans,” “expects,” “intends,” “estimates” or similar expressions. This information is not a guarantee of the Company’s future performance and is subject to risks, uncertainties and other important factors that could cause our actual performance or achievements to differ materially from those expressed or implied by this forward-looking information and include, without limitation, demand and competition for the Company’s services including SPACEWAY, and other risks or uncertainties identified and discussed under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Securities and Exchange Commission and in other documents the Company filed with the Securities and Exchange Commission from time to time. Given these uncertainties, you should not rely on forward-looking information. The Company undertakes no obligations to update any forward-looking information, whether as a result of new information, future events or otherwise. Preliminary Select 2006 Financial Data. The fiscal 2006 financial information included in this presentation are preliminary estimates based upon currently available information and are subject to change based upon the completion of the audit of the Company’s fiscal 2006 financial statements by the Company’s independent registered public accountants. In connection with the completion of the audit process, including the review of the Company’s purchase accounting adjustments, the Company may identify items that would require the Company to make adjustments to its preliminary financial results described in this presentation, and any changes could be material. The Company expects to announce the final 2006 audited financial results prior to filing its Annual Report on Form 10-K, which is currently scheduled to be filed on or before March 31, 2007. Non-GAAP Financial Measures. This presentation contains non-GAAP financial measures, such as Adjusted EBITDA. EBITDA is defined as earnings (loss) before interest, income taxes, depreciation, and amortization. Adjusted EBITDA is used in calculating covenant compliance under HNS’ credit agreement and indenture governing HNS’ 9½% Senior Notes due 2014. Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain adjustments, including the net costs of SPACEWAY for the first quarter of 2005 to reflect the effects of the implementation of the SPACEWAY services agreement with DIRECTV, Inc. as if it had occurred on January 1, 2005. EBITDA and Adjusted EBITDA are not recognized terms under GAAP. EBITDA and Adjusted EBITDA do not represent net income or cash flows from operations, as these terms are defined under GAAP, and should not be considered as alternatives to net income as an indicator of operating performance or to cash flows as a measure of liquidity. Additionally, EBITDA and Adjusted EBITDA are not intended to be measures of cash flow available to management for discretionary use, as such measures do not consider certain cash requirements such as capital expenditures (including expenditures on VSAT operating lease hardware and capitalized software development costs), tax payments, and debt service requirements (including VSAT operating lease hardware). EBITDA and Adjusted EBITDA as presented herein are not necessarily comparable to similarly titled measures reported by other companies. EBITDA and Adjusted EBITDA are presented herein because the Company uses such information in its review of the performance of management and in the performance of its business. The Company will include a reconciliation of its final 2006 Adjusted EBITDA to the most directly comparable GAAP financial measure for the year ended December 31, 2006 in the fourth quarter and fiscal 2006 financial results press release. | 
