1. 1 Loral and Internal Controls Manager Barry Goldfeder – Senior Director Business Controls, Systems and Processes L

2. 2 Overview Loral Space & Communications Ltd., together with our subsidiaries, is a leading satellite communications company. We own and operate a fleet of telecommunications satellites, manage a global network that integrates our satellites with terrestrial facilities and have the rights to numerous well-positioned orbital slots. Managed by our Loral Skynet division, the fleet provides satellite capacity and platforms for use by television and cable networks to broadcast video programming, and by communication service providers, resellers, corporate and government customers for broadband data transmission, Internet services and other value-added communications services. Our subsidiary, Space Systems/ Loral, (SS/L), is one of the world's largest designers and manufacturers of satellites and satellite systems for commercial and government applications including satellite services, television broadcasting, direct-to-home (DTH) television services, broadband communications, military communications, wireless telephony, digital satellite radio, weather monitoring and air traffic management. Loral Space & Communications Ltd., together with our subsidiaries, is a leading satellite communications company. We own and operate a fleet of telecommunications satellites, manage a global network that integrates our satellites with terrestrial facilities and have the rights to numerous well-positioned orbital slots. Managed by our Loral Skynet division, the fleet provides satellite capacity and platforms for use by television and cable networks to broadcast video programming, and by communication service providers, resellers, corporate and government customers for broadband data transmission, Internet services and other value-added communications services. Our subsidiary, Space Systems/ Loral, (SS/L), is one of the world's largest designers and manufacturers of satellites and satellite systems for commercial and government applications including satellite services, television broadcasting, direct-to-home (DTH) television services, broadband communications, military communications, wireless telephony, digital satellite radio, weather monitoring and air traffic management. Loral operates in two synergistic businesses: Loral operates in two synergistic businesses: Satellite services, including Fixed Satellite Services (FSS) and network services Satellite services, including Fixed Satellite Services (FSS) and network services Satellite services, including Fixed Satellite Services (FSS) and network services Satellite services, including Fixed Satellite Services (FSS) and network services Satellite Manufacturing & Technology Satellite Manufacturing & Technology Satellite Manufacturing & Technology Satellite Manufacturing & Technology L

3. 3 Why Oracle Internal Controls Manager Oracle for ERP Oracle for ERP 50% of Big Four Recommended 50% of Big Four Recommended Cost Cost Leverage Oracle Investment Leverage Oracle Investment L

4. 4 Implementation Partners Used Partners Used Oracle Consulting – Brian AmatoOracle Consulting – Brian Amato Thought DigitalThought Digital Sierra AtlanticSierra Atlantic L

5. 5 Lessons Learned Tough Attestation First Year Tough Attestation First Year Work with External Auditors Work with External Auditors Take Ownership of Control Activities Take Ownership of Control Activities Work With Every Process Owner Work With Every Process Owner Engage Executive Management Daily Engage Executive Management Daily L

6. 6 Satisfaction Level Some Bumps But.. Some Bumps But.. Oracle Responsive Oracle Responsive Product Evolution – Enhancements Product Evolution – Enhancements Product Effective Product Effective L

7. 7 Future Plans Workflow Workflow Upgrade to New Release Upgrade to New Release ITA Module ITA Module Audit Features Audit Features iSurvey iSurvey Discoverer Discoverer External Auditor Access External Auditor Access L