July 1, page-96

Hi Itamar

Would you care to share any thoughts and knowledge you may have on the outlook for SAS? How confident are you that SAS will be able to provide a service that people/businesses will want to use, how well will SAS be able to compete against the current likely competing businesses and do you think SAS will actually survive long enough to get the next 8 satellites in orbit in 2020 ? Would appreciate any hints you might be able to provide in these areas. You might be able to calm down a few jangled nerves. From our perspective, things looks pretty desperate at the moment.

Thanks.