Investor Relations

SIRIUS Satellite Radio Presents Exclusive Guest DJ Appearance By Eric Clapton

SIRIUS To Serve As Exclusive Radio Broadcaster of Clapton’s Crossroads Guitar Festival Concert

NEW YORK, NY – March 3, 2004 – Eric Clapton, the only three-time inductee into the Rock & Roll Hall of Fame and winner of 16 GRAMMYâ awards, will make a rare and exclusive radio appearance on SIRIUS. On March 19 at 6 pm ET, Clapton will be a guest DJ with host Pat St. John on SIRIUS Blues, channel 29.

Clapton will share his deep love for blues music and play a variety of his favorite blues recordings from influential blues artists such as Freddie King, Robert Johnson, B.B. King, Johnnie Johnson, Muddy Waters and Buddy Guy. The show will be repeated on Monday, March 22nd on SIRIUS Classic Vinyl, channel 14 at 12 Noon ET.

Eric Clapton’s upcoming new album, Me and Mr. Johnson, is his tribute to blues innovator Robert Johnson and arrives in stores on March 30th.

Clapton also announced the three-day Crossroads Guitar Festival, June 4-6, which will culminate on Sunday, June 6 with an all-star benefit concert at the Cotton Bowl Stadium in Dallas, Texas. SIRIUS, the exclusive radio broadcaster of the event, will air the concert live. The concert will include performances by Clapton and Doyle Bramhall II, J.J. Cale, Larry Carlton, Robert Cray, Buddy Guy, David Hidalgo, Eric Johnson, B.B. King, Sonny Landreth, Brian May, Pat Metheny Robert Randolph, Otis Rush, Carlos Santana, Hubert Sumlin, Dan Tyminski, Steve Vai, Jimmie Vaughan, Joe Walsh and ZZ Top among others. The extraordinary “house bands” will be none other than Booker T & The MGs, Jimmie Vaughan’s band and Eric Clapton’s band.

Other events at the festival will include manufacturer exhibits, guitar clinics and live music performances on three stages, one of which will be hosted by SIRIUS. Proceeds will benefit Crossroads Centre Antigua, the treatment and education center Clapton founded in 1997 and which is now an independently run entity.

About SIRIUS
SIRIUS is the only satellite radio service bringing listeners 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 and Crutchfield. 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®, Nissan, Infiniti, Mazda, Audi, Ford and Lincoln-Mercury. Automotive brands that have announced plans to offer SIRIUS in select models include Mercedes-Benz, Jaguar, Volvo, Volkswagen, 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.

Click on sirius.com to listen to SIRIUS live, or to find a SIRIUS retailer or car dealer in your area.

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.