2008 Interim Results 11 September 2008

Agenda Financial Highlights Updates on Operations Business Outlook

Financial Highlights

1H / 2008 (HK$ M) 1H / 2007 (HK$ M) Turnover Profit Attributable to Equity Shareholders Interim Results

Turnover Breakdown by Business

Turnover Breakdown by Region

1H/2008 (HK$ M) 1H/2007 (HK$ M) Turnover Cost of Services(141.5)(165.3) Gross Profit Other net income Revaluation gain on investment property 0.1- Administrative Expenses(47.6)(37.1) Profit from Operations Consolidated Income Statement (1)

1H/2008 (HK$ M) 1H/2007 (HK$ M) Profit from operations Finance costs(15.0)(28.7) Share of results of jointly controlled entities Profit from disposal of business operation (0.6) - Profit before taxation Income tax(1.3)(7.3) Profit after taxation Attributable to: Equity shareholders of the Company Minority interests(0.1)(0.6) Profit after taxation Earnings per share – Basic (HK cents) Consolidated Income Statement (2)

Expenses Breakdown

Cost of Service Breakdown

EBITDA Margins Note: EBITDA Margin represents earnings before interest income / expenses, other income, taxation, depreciation, amortization, impairment loss and share of results of jointly controlled entities as a percentage of turnover.

Asset & Liabilities  Total AssetsHK$3,027 million  Total LiabilitiesHK$1,028 million  Bank borrowings due within one year HK$243 million  Bank borrowings due after one year HK$339 million (As at 30 June 2008)

Gearing

Cash  Free Cash:HK$283 million  Pledged Deposit :HK$79 million (As at 30 June 2008)

Updates on APT’s Operations

Transponder Utilization Rates As at 30 June 08 APSTAR VI53.0% APSTAR V67.4%

 SS/L FS1300  Commenced operation in August 2004  APT keeps 23 C & 12 Ku  The mission life is over 15 years  High utilization rates with further increase potential  Provides versatile services including DTH, internet, VSAT services in the region with interconnection to USA. APSTAR V

APSTAR VI  Thales Alenia (formerly known as Alcatel) SB4100C1  Started operation in June 2005  High-power satellite with 38 C-band and 12 Ku- band  Operation mission life over 15 years  Equipped with advanced anti-jamming feature  Increase potential on utilization rates

Satellite TV Broadcasting Platform APT Satellite TV Development Ltd. (A Subsidiary)  Successfully established a satellite TV uplink and broadcasting services platform for broadcasting services under the Satellite TV Uplink and Downlink Licence of Hong Kong SAR  As at June 30, 2008, the Broadcasting Platform uplinks and broadcasts up to 81 satellite TV channels

APT Telecom Services Limited （ a subsidiary)  Provides VSAT, facilities management services and teleport uplink services to Hong Kong and Asian telecom users including satellite operators, telcos, ISPs players  Provides two-way satellite internet services and teleport uplink services Satellite-based Telecommunications Service

Business Outlook Broadcasting and telecom businesses grow steadily Market competition will still be fierce due to supply over demand Better competitive edges help further increase utilization rates Continue to expand in overseas market

APT Satellite Holdings Limited