NewSat Limited (ASX:NWT) Share Purchase Plan Allotment Date

Melbourne, Mar 2, 2010 AEST (ABN Newswire) - The Directors of NewSat Limited (ASX:NWT) (OTC:NWTLY) are very pleased with the response from eligible shareholders to the Share Purchase Plan ("SPP"), the results of which will soon be announced.

The issue price, being a 20% discount on the value weighted average price of NewSat shares for the 5 trading days up to and including Thursday, 25 February 2010, for the shares to be issued under the SPP is A$0.0037.

Due to certain logistical matters, the Allotment Date under the SPP will now be Tuesday, 9 March 2010. Holding statements are expected to be dispatched on Wednesday, 10 March 2010.

SPP applicants will be able to confirm their holdings on or after Tuesday, 9 March 2010 by calling the Offer Information Line (within Australia on 1300-152-426 or outside Australia on +61-3-9415-4018) or by going to;

http://www.investorcentre.com

Contact

Michael Twomey Stakeholder Relations & Corporate Communications NewSat Limited Mob: +61-439-405-676 Email: Michael.twomey@newsat.com