WorldSpace, Inc. Prices Initial Public Offering at $21.00 Per Share

WorldSpace, Inc. Prices Initial Public Offering at $21.00 Per Share

Company to Trade on NASDAQ National Market Under "WRSP" Symbol

WASHINGTON, Aug. 4 /PRNewswire-FirstCall/ -- WorldSpace, Inc. ("WorldSpace") announced today that its initial public offering of 11,868,400 shares of Class A Common Stock has been priced at $21.00 per share. This offering includes 368,400 shares being sold by an existing stockholder. WorldSpace has granted the underwriters an option to purchase up to an additional 1,780,260 additional shares of Class A Common Stock to cover over-allotments, if any.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040319/WORLDSPACELOGO )

The common stock of WorldSpace is expected to begin trading on August 4, 2005 on the NASDAQ National Market under the ticker symbol "WRSP."

UBS Investment Bank is the sole book-running manager of the offering. The initial public offering is being made solely by means of a prospectus, which may be obtained from UBS Investment Bank, Prospectus Department, 299 Park Avenue, New York, New York 10171 (Tel: 212-821-3000).

A registration statement relating to shares of Class A Common Stock of WorldSpace has been declared effective by the Securities and Exchange Commission. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About WorldSpace

With the world's largest global satellite radio broadcast footprint, WorldSpace is a pioneer of digital audio radio services (DARS) delivered via satellite. Through its subscription-based service, WorldSpace broadcasts news, sports, music, brand name content and education programming. Each of the company's two geostationary satellites, AfriStar(R) and AsiaStar(TM), can service three large geographical areas through three beams. Each beam is capable of delivering up to 80 channels of audio programming as well as multimedia, directly to WorldSpace Satellite Radios. WorldSpace's signal extends to many of the most densely populated parts of the world, including India, China, and most of Western Europe. Listeners at home can receive programming through WorldSpace-enabled satellite radios and a purchased subscription.

Forward-looking Statements

This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. Forward-looking statements contained herein speak only as of the date of this release. The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.

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Source: WorldSpace, Inc.

CONTACT: Judith Pryor of WorldSpace, +1-202-969-6252,
jpryor@worldspace.com; or Leslie Tullio of Brodeur, +1-202-775-2672,
ltullio@brodeur.com, for WorldSpace

Web site: http://www.worldspace.com/

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