SES/ASTRA AND iBEAM BRING THE LEADING INTERNET BROADCAST NETWORK TO EUROPE

iBEAM Broadcasting® Corporation (NASDAQ: IBEM), a leading global Internet broadcast network, and SES/ASTRA, the Luxembourg based operator of ASTRA, Europe's leading DTH satellite system, have created iBEAM Europe. The joint venture will combine iBEAM's hybrid satellite-fiber Internet broadcast network with SES' multimedia technologies and unparalleled market presence to bring broadband Internet streaming to 20 countries in Europe via the ASTRA Satellite System. iBEAM Europe is headquartered in London and will be operational in the third quarter of this year.

iBEAM Europe will be responsible for deploying the iBEAM broadcast network by partnering with ISPs, high-speed cable services, DSL services and other access providers throughout its European territory. iBEAM Europe's customers are European content providers, corporations and anyone else needing high quality hosting and internet broadcasting services to audiences within Europe and, through peering relationships with iBEAM Broadcasting and iBEAM Asia, across the world. iBEAM Europe received seed funding from iBEAM Broadcasting and SES/ASTRA, but has reserved equity for strategic investors. The strategic round is expected to close in August.

iBEAM Europe will use the iBEAM platform taking advantage of ASTRA-NET to stream media to the "edge" of the European Internet. This infrastructure will enable iBEAM Europe to deliver internet content to ISP Points of Presence as close as possible to end-users, thus bypassing the congestion and packet loss associated with the Internet.

"Our vision is to build a global Internet broadcast network," said Peter B. Desnoes, iBEAM president and CEO. "By partnering with SES/ASTRA, the leading direct-to-home satellite system in Europe, to create iBEAM Europe, we can confidently extend our network into one of the most important and dynamic regions of the world. iBEAM Europe will bring enhanced business and educational content to Europe and offer content providers the distribution capability of reaching new audiences."

Romain Bausch, Director General and Chairman of the Management Committee of SES, commented: "iBEAM Europe fits perfectly with SES' strategy of building a global satellite broadcasting system. The new partnership with iBEAM Broadcasting Corporation will build on SES' unique experience of the European satellite broadband services market and satellites' competitive edge in broadband multicasting to provide Internet users in Europe with richer and better IP content from all over the world."

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About iBEAM Broadcasting Corporation:

iBEAM Broadcasting Corporation, headquartered in Sunnyvale, Calif., was founded by data communications, television, and telecommunications professionals in 1998. iBEAM provides an Internet broadcast network that delivers streaming media with viewing and listening quality that approaches television and radio, at lower cost than current Internet solutions and with the ability to scale to serve large audiences of simultaneous users. iBEAM's customers include major media and entertainment companies.

IBEAM Asia is headquartered in Hong Kong, and is a joint venture between iBEAM Broadcasting and Pacific Century Cyberworks (PCCW). iBEAM Asia brings worldwide Internet broadcasting to over 70 countries in Asia.

For more information about iBEAM's broadcasting services, visit www.ibeam.com, or contact the company at 645 Almanor Avenue, Suite 100, Sunnyvale, CA 94086, telephone 408-523-1600.

About SES/ASTRA:

Société Européenne des Satellites S.A. (SES) is the operator of ASTRA, Europe's leading direct-to-home Satellite System. Via nine active satellites at the orbital positions of 19.2° East and 28.2° East, ASTRA transmits in analogue and digital more than 950 different television and radio channels as well as multimedia and Internet services to an audience of close to 78 million homes in Europe. Four additional satellites are under construction and due for launch before end 2001. SES is also a major shareholder in AsiaSat (34.13% since January 15th, 1999).

SES is a pioneer of interactive and multimedia services through SES Multimedia, a wholly owned subsidiary. SES Multimedia operates the ASTRA-NET platform, enabling service and content providers to transmit data directly, via satellite, to personal computers in businesses and homes across Europe.

SES is the first European satellite operator to commercially exploit the Ka-band frequency for interactive and multimedia services in Europe. In 2000, SES will commence commercial trials of the first operational DVB-RCS broadband satellite return channel system, which will serve the growing market in Western and Central Europe for 2-way asymmetric, high-speed broadband collection and delivery of multimedia.

SES securities are listed on the Luxembourg Stock Exchange (symbol: SES) and the Frankfurt Stock Exchange (symbol: SDSL).