The Republic of Korea Selects Alcatel Space as a Successful Bidder to Build Koreasat 5 Satellite

Alcatel Space announced today that it has won
the international request for proposals issued by KT Corporation (formerly
Korea Telecom) and the Korean Agency for Defense Development (ADD) to build
South Korea’s Koreasat 5 civil and military communications satellite.
Alcatel Space will supply both the multimission satellite and its ground
control system.

Based on the new-generation Spacebus 4000 platform, Koreasat 5 will feature
a state-of-the-art broadband payload, including new technologies developed
within the scope of the Syracuse III program.

Announcing this selection, Alcatel Space’s Chairman and CEO Pascale
Sourisse said, “I am extremely proud that Alcatel Space has been chosen by
KT Corporation and the Agency for Defense Development for the Koreasat 5
program. This contract also marks another success for our export sales &
marketing teams. In addition, it confirms Alcatel Space’s leading role as a
supplier of both civil and military spaceborne communications systems.”

About Alcatel Space

Alcatel Space is worldwide number 3 and European leader in satellites. With
civil and military application know-how, Alcatel Space develops satellite
solutions for telecommunications, navigation, radar and optical
observation, meteorology, and sciences. The company is also the leading
European prime contractor of earth observation, meteorology and navigation
segments, and for operating space systems. A 100% subsidiary of Alcatel,
Alcatel Space had a turnover of 1.4 billion euros in 2001. For further
information: http://www.alcatel.com/space.

About Alcatel

Alcatel (Paris: CGEP.PA and NYSE: ALA) designs, develops and builds
innovative, competitive communications networks used by operators, service
providers and companies to provide all content (voice, data or multimedia)
to all customers throughout the world. Using the complete portfolio of
solutions ranging from optical infrastructures to fixed and mobile networks
and broadband access, Alcatel customers can devote themselves to optimizing
their service offers and sources of revenue. With a turnover of 25 billion
euros in 2001, Alcatel is present in more than 130 countries.