Effective April 16, 2015, Mr. Derek Murphy has stepped down as a director of Telesat Holdings Inc., Telesat Interco Inc. and Telesat Canada, and as member of the Board of Managers of Telesat LLC. Telesat Holdings Inc. announced that, effective April 16, 2015, Mr. Daniel Garant has joined the Board of Directors of Telesat Holdings Inc., Telesat Interco Inc. and Telesat Canada, and the Board of Mangers of Telesat LLC. Mr. Garant joined the Public Sector Pension Investment Board ("PSP Investments") in September 2008 as Senior Vice President, Public Market Investments.

In addition to those responsibilities, he was named Interim Senior Vice President, Private Equity in April 2015. Previously, from 2005 to 2008, he was Executive Vice President of Finance and CFO for Hydro-Qu bec, as well as the CEO of Hydro-Qu bec International. From 1991 to 1997, he held the position of Senior Manager, Private Equity at the Caisse de d p t et placement du Qu bec.