May 12, 2003

2003.5 MAZDASPEED PROTEGÉ SOUNDS GOOD TO MUSIC ENTHUSIASTS, FEELS ZOOM-ZOOM TO DRIVING ENTHUSIASTS

Kenwood SIRIUS-enabled Satellite Radio Comes Standard

NEW YORK – May 12, 2003 – The 2003.5 MAZDASPEED Protegé has been introduced with several new design twists to create a bold new look, but still retains all of the performance attributes that made the 2003 model so popular. From a 2.0-liter four-cylinder engine, the 2003.5 MAZDASPEED Protegé delivers 170-horsepower, along with a sport-tuned suspension, special wheels and tires, special bodywork and a 450-watt Kenwood Excelon KDC-MP919 SIRIUS-enabled satellite audio system.

The 2003.5 MAZDASPEED Protegé features a seven-speaker AM/FM/CD/MP3 Kenwood audio system with a liquid gel 3-D screen that includes a self-hiding and removable faceplate, and a wireless remote control. This high-performance 450-watt, four-channel (50-watts per channel) system features six speakers, an eight-inch subwoofer and a 250-watt amplifier. In addition, the new standard audio system is SIRIUS-enabled, providing drivers with the option to subscribe to the only satellite radio service that brings listeners 60 music streams with no commercials, along with 40 world-class sports, news and entertainment streams.

“The MAZDASPEED Protegé brings driving performance and audio satisfaction to the highest level,” said Robert Davis, Vice President, Product Development for Mazda North American Operations. “This car raises temperatures and eyebrows, and the sound system is designed to add ‘boom-boom’ to the ‘zoom-zoom’. To create the MAZDASPEED Protegé, we teamed up with the top names in import and sound performance, including Kenwood, SIRIUS, Racing Beat, Callaway Cars and Racing Hart.”

When a MAZDASPEED Protegé owner purchases a year-long subscription to SIRIUS and its 100 streams of music, news, sports and entertainment broadcast nationwide, SIRIUS will send them a free SIRIUS tuner and antenna, representing over $200 in value. MAZDASPEED Protegé owners can order their free SIRIUS tuner and antenna by calling toll free (888) 999-4551.

“We are thrilled to be affiliated with Mazda as part of our exclusive agreement with Ford Motor Company, “said Doug Wilsterman, Senior Vice President Automotive OEM for SIRIUS. “The MAZDASPEED Protegé is an automobile that provides its owners an unparalleled driving experience. The addition of a SIRIUS-enabled radio will serve to even further enhance that experience by offering our uncompromised music and quality news, sports and entertainment.”

Mazda North American Operations is responsible for the sales and marketing, customer parts and service support of Mazda vehicles in the United States. Headquartered in Irvine, California, MNAO has more than 700 dealerships nationwide.

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 60 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. 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 auto industry 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, and Infiniti. Automotive brands that have announced plans to start offering SIRIUS in select models include: Ford, Lincoln, Mercury, Mercedes-Benz, Jaguar, Volvo, Mazda, Audi, Volkswagen, Land Rover, and Aston Martin.

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 need for substantial additional funds before the second quarter of 2004; 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.


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