XM Canada Hits 120,000 Subscribers

September 7, 2006

XM Canada announced today that they have 120,000 subscribers. The service, which launched 9 months ago is on a pace of a bit over 13,000 net subscribers per month.

PRESS RELEASE:

XM Canada achieves 120,000 subscribersThursday September 7, 6:00 am ET
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TORONTO, Sept. 7 /CNW/ -

Canadian Satellite Radio Holdings Inc. (TSX: XSR - News), through its XM Canada satellite radio service, announced today it has achieved 120,000 subscribers as of its ninth full month of operation and the completion of its first fiscal year (ending August 31, 2006).

"Our subscriber level in nine months exceeds all of our expectations and we look forward to momentous growth in 2007," said Stephen Tapp, President and Chief Operating Officer of XM Canada. "XM Canada offers the most extensive automotive partnerships, the greatest music and entertainment as well as innovative technology that Canadians want."

"In addition we are excited to have XM Satellite Radio now available in more than 80 models offered by General Motors, Honda, Nissan, Toyota, Suzuki and Subaru in Canada starting with the 2007 model production this month," said Tapp.

Fourth Quarter subscriber results increased by 50 per cent over Third Quarter results. As CSR had not yet launched operations a year ago, there are no corresponding prior year figures for CSR's fourth-quarter and full-year 2005 results.

The subscriber numbers reported today are based on unaudited results. Greater details will be made available in the Management Discussion and Analysis to be released when the Fourth Quarter financial statements are available.

About Canadian Satellite Radio Holdings Inc.
Canadian Satellite Radio Holdings (CSR) Inc. (TSX: XSR - News) operates as XM Canada(TM) through its subsidiary, Canadian Satellite Radio Inc. XM is the No. 1 satellite radio service in the universe with the best coverage in Canada offering a unique lineup of premier Canadian and international programming.

XM Canada offers listeners up to 100 channels of unique and exclusive programming including the most NHL(TM) games, PGA TOUR(TM) and Major League Baseball(TM) coverage, the deepest play list, and news, talk, sports, entertainment and children's programming. XM offers listeners the biggest names in entertainment, from the outrageous "Le Pirate" Jeff Fillion to the in-you-face style of Opie and Anthony, the sublime wisdom of Bob Dylan and the diverse voices of the new Oprah & Friends channel. After this season, XM will become the exclusive provider of NHL games on satellite radio. General Motors, Honda, Nissan, Toyota, Suzuki and Subaru will offer XM radios in more than 80 different models of vehicles for model year 2007.

XM is offered on TELUS Mobile Radio(TM), the first service to offer Canadians access to real-time digital streaming satellite radio programming, offering 20 channels of premier content. XM Canada is the only satellite radio provider in Canada to produce unique Canadian content from street front studios located at Avenue Road & Davenport in Toronto, a studio in downtown Montréal and Québec City. XM Canada creates unique Canadian content to be broadcast via digital quality signals in Canada and the United States and has an exclusive Canadian licence from U.S.-based XM Satellite Radio Inc. (NASDAQ: XMSR - News), the leading satellite radio provider in the U.S. with more than 7.0 million subscribers.

To find out more about Canadian Satellite Radio Inc. (TSX: XSR - News), visit our website at http://www.cdnsatrad.com/. A live stream of selected XM Canada channels is available via a three-day complimentary trial of XM Radio Online at http://listen.xmradio.ca/. To subscribe to XM Canada online or for more information about XM Canada's programming line-up and radio choice, visit www.xmradio.ca.

Forward-looking statements
Certain statements included above may be forward-looking in nature. Such statements can be identified by the use of forward-looking terminology such as "expects," "may," "will," "should," "intend," "plan," or "anticipates" or the negative thereof or comparable terminology, or by discussions of strategy. Forward-looking statements include estimates, plans, expectations, opinions, forecasts, projections, targets, guidance or other statements that are not statements of fact. Although CSR believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. CSR's forward-looking statements are expressly qualified in their entirety by this cautionary statement. CSR makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.
Additional information identifying risks and uncertainties is contained in CSR's filings with the Canadian securities regulators, available at http://www.sedar.com/.
For further information
Jason Mercier, (604) 488-1100, jmercier@xmradio.ca

9/07/2006 09:48:00 AM

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