C2SAT SIGNS CONTRACT FOR 8 VSATS

(NGM:C2ST B)

Stockholm, Sweden, 17 June 2009 – C2SAT (NGM-stock exchange) has today received an order for 8 stabilised VSAT antennas, model C2SAT 1.2m Ku-4M, from Thales. The first antenna will be delivered in the second half of 2009 and deliveries are scheduled up until the second half of 2010. Installation and commissioning will be performed jointly by C2SAT and Thales.

The CEO of C2SAT, Mr. Fredrik Nygren, says in a comment: “This has been a lengthy process even if C2SAT has all the time been among the front runners and it is always a great pleasure to be able to win a tender. This is, however, special as this can be regarded as a commercial breakthrough for our smaller lightweight antenna model. At the same time, this is also the largest individual order received by C2SAT, to date. The order is also a door opener to a new market segment in Europe and accordingly an important reference.

The C2SAT 1.2m Ku-4M antenna targets smaller vessels with strict weight conformity requirements for external equipment, without forgoing significant bandwidth.

About C2SAT

C2SAT headquartered in Solna, Sweden, is a Swedish company developing, manufacturing, marketing and selling innovative stabilised VSAT antenna systems used in two-way satellite broadband communication from vessels in motion. The system is protected by a series of global patents. C2SAT holding AB is listed on the NGM Stock Market Exchange with the ticker C2ST and with Mangold as Market Maker. C2SAT is a registered trademark.

About Thales

www.thalesgroup.com

For additional information about C2SAT please contact:

Fredrik Nygren, CEO, C2SAT Group

Tel: +46 8 748 01 40

fredrik.nygren@C2SAT.se

www.C2SAT.com