Canadian Satellite Radio Holdings Inc. to Voluntarily Terminate SEC Registration and Reporting Obligations

Canadian Satellite Radio Holdings Inc. to Voluntarily Terminate SEC Registration and Reporting Obligations

No impact on Canadian continuous disclosure

TORONTO, Oct. 7, 2011 /PRNewswire/ - Canadian Satellite Radio Holdings Inc.
(the "Company") (TSX: XSR) today announced that it intends to
voluntarily terminate SEC reporting obligations including the
registration of its 12.75% Senior Notes due 2014, in light of the small
number of holders of record resident in the United States. As a TSX
listed reporting issuer, the Company will continue to file its
continuous disclosure documents with the applicable Canadian securities
regulators.

The Company's decision will reduce the costs associated with meeting
specific SEC reporting requirements under the Exchange Act, which are
in addition to the Company's reporting obligations under Canadian law.

The Company intends to file a Form 15F with the United States Securities
and Exchange Commission ("SEC") to voluntarily terminate the
registration of its Senior Notes under Section 12(g) as well as its
reporting obligations under Sections 13(a) and 15(d) of the United
States Securities Exchange Act of 1934, as amended (the "Exchange
Act").

Upon the filing of the Form 15F, the Company's reporting obligations
under the Exchange Act will be suspended immediately and will terminate
no more than 90 days after the filing, barring any objections from the
SEC.

Company filings can be viewed on the System for Electronic Document
Analysis and Retrieval (SEDAR) at www.sedar.com

About Canadian Satellite Radio Holdings Inc.

To find out more about Canadian Satellite Radio Holdings Inc. (TSX:
XSR), visit www.xmradio.ca.

SOURCE Canadian Satellite Radio Holdings Inc.

Canadian Satellite Radio Holdings Inc.

CONTACT: Investors
Morlan Reddock
416-408-6899
investor.relations@xmradio.ca

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