Investor Relations

SIRIUS Satellite Radio And Clarion Bring New Plug & Play Receiver To Market

Smallest SIRIUS Transportable Radio Now Arriving on Retailer Shelves

NEW YORK - March 18, 2004 – SIRIUS Satellite Radio (NASDAQ: SIRI), known for delivering the very best in commercial-free music and premium sports programming to cars and homes across the country, today announced that the brand new Clarion SIRPNP SIRIUS Satellite Radio, the smallest Plug & Play SIRIUS radio on the market, is now available at Tweeter and Crutchfield, as well as other authorized Clarion dealers. The transportable satellite radio can be moved from a car to a truck, home, RV or boat.

Clarion Corporation of America, a leading manufacturer of mobile entertainment systems, has announced a MSRP of $99.95 for the SIRPNP receiver, and a MSRP of $49.95 for each kit (home and car). Features of the Clarion SIRPNP receiver include 30 presets, music title and artist scan, multiple search and display modes, dual illumination faceplate, three different font/display styles, adjustable audio output level and a clock. The receiver also includes the very popular “S-Seek,” giving users the ability to be prompted when one of their pre-selected favorite songs is playing anywhere on the SIRIUS programming lineup, and to switch to it at the touch of a button.

The home and car kits provide consumers with the flexibility to install the unit in a variety of locations using just one SIRIUS subscription. Each kit includes an antenna, RCA audio connections and infrared remote. The car kit features a wireless FM transmitter, which easily transmits the SIRIUS signal into an existing car radio.

“The Clarion SIRPNP provides consumers with a unique and stylish way to hear SIRIUS’ 61 commercial-free music streams and more than 40 streams of sports, news, and entertainment, wherever they go,” said Larry Pesce, Senior Vice President Product Development and Strategic Planning, SIRIUS. "The size and design of this product showcases the future of SIRIUS radios."

"The new Clarion SIRPNP is innovatively designed to be space conscious, making it easily transferable between the car and home," said Frank Pierce, Vice President Marketing, Clarion Corporation of America.

SIRIUS Satellite Radio provides listeners with more than 100 streams of the best music and entertainment coast-to-coast. SIRIUS offers 61 music streams with no commercials, along with over 40 world-class sports, news and entertainment streams for a monthly subscription fee of only $12.95, with greater savings for upfront payments of multiple months or a year or more. SIRIUS is also the official satellite radio partner of the NFL. Stream Jockeys create and deliver uncompromised music in virtually every genre to our listeners 24 hours a day. Satellite radio products bringing SIRIUS to listeners in the car, truck, home, RV and boat are manufactured by Kenwood, Panasonic, Clarion and Audiovox, and are available at major retailers including Circuit City, Best Buy, Car Toys, Good Guys, Tweeter, Ultimate Electronics, Sears, Crutchfield and, beginning this summer, RadioShack and DISH Network outlets. SIRIUS is the leading OEM satellite radio provider, with exclusive partnerships with DaimlerChrysler, Ford and BMW. Automotive brands currently offering SIRIUS radios in select new car models include BMW, MINI, Chrysler, Dodge, Jeep®, Mercedes-Benz, Nissan, Infiniti, Mazda, Audi, Ford, Lincoln-Mercury and Volkswagen. Automotive brands that have announced plans to offer SIRIUS radios in select models include Jaguar, Volvo, Land Rover and Aston Martin. Genmar Holdings, the world’s largest manufacturer of recreational boats, Formula Boats and Winnebago, the leading supplier of recreational vehicles and motor homes, also offer SIRIUS. Hertz currently offers SIRIUS in 29 vehicle models at 53 major locations around the country.

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Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance with respect to SIRIUS Satellite Radio Inc. are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2002 filed with the Securities and Exchange Commission. Among the key factors that have a direct bearing on our results of operations are: our dependence upon third parties to manufacture, distribute, market and sell SIRIUS radios and components for those radios; the unproven market for our service; our competitive position and any events which affect the useful life of our satellites.