Spacenet CEO, Andreas Georghiou, Nominated for Satellite Executive of the Year

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Mr. Georghiou Recognized by Via Satellite for Leading Spacenet to One of its Best Performance Years Ever

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Receiving this recognition is a real honor for me and all of Spacenet's employees who have contributed to the company's success

Spacenet Inc., a wholly owned subsidiary of Gilat Satellite Networks Ltd. (Nasdaq: GILT) and one of the world's leading providers of satellite networking solutions, announced today that its CEO, Andreas Georghiou, was nominated for Via Satellite's Satellite Executive of the Year 2008 award. Nominees were selected based on major achievements in 2008 and their contributions to the satellite industry as a whole. The seven nominees were announced in Via Satellite's February issue, and the winner will be announced at the SATELLITE 2009 conference in Washington D.C. on March 26th.

"Receiving this recognition is a real honor for me and all of Spacenet's employees who have contributed to the company's success," said Mr. Georghiou. "We have focused on redefining and clarifying Spacenet's market position and improving the performance of the company on all levels, and the results have been very satisfying. I would like to thank our many customers who find our value proposition compelling and who continue to put their trust in us. Additionally, I would like to congratulate all of the nominees for their significant contributions to the satellite industry."
Via Satellite recognized Mr. Georghiou for his successful leadership which has helped the company achieve one of its best performance years ever in 2008. Under Mr. Georghiou's direction Spacenet launched initiatives to enter new vertical markets, expand the product portfolio, increase its international service offering, and implement new partnerships and programs. These initiatives provide customers with new choices in satellite communications for business continuity, emergency response, digital media distribution, and remote international communications.

About Spacenet®
Founded in 1981, Spacenet Inc. is one of the world's leading providers of high-performance satellite and hybrid terrestrial networking solutions for US based enterprise, government and small office/small business customers. Spacenet has a longstanding tradition of industry leadership and innovation, and today has more than 100,000 operational network endpoints for customers including many Fortune 500 companies and major government agencies. Spacenet's services include its custom satellite and hybrid network solutions for enterprise and government; Connexstarâ„¢ VSAT services for primary, backup and disaster recovery networks; and StarBand® broadband Internet by satellite. Spacenet is based in McLean, Virginia, and operates its own end-to-end services infrastructure including network management, field services and teleport facilities in McLean, VA; Atlanta, Georgia; and Chicago, Illinois. Spacenet is a wholly owned subsidiary of Gilat Satellite Networks Ltd. (Nasdaq: GILT). Visit Spacenet at http://www.spacenet.com.

Spacenet Media Contact:
Jon Douglas, Spacenet Inc.
PH. (703) 848-1221

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Jon Douglas
Spacenet
703.848.1221
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