Iridium Prices $100 Million Private Offering of 7% Series A Cumulative Perpetual Convertible Preferred Stock

Iridium Communications Inc.(Nasdaq: IRDM) ("Iridium") today announced that it has priced a privateoffering of 1,000,000 shares of 7% Series A Cumulative Perpetual ConvertiblePreferred Stock, with a liquidation preference of $100 per share (the"Preferred Stock").The Preferred Stock will be sold in a private offering to qualifiedinstitutional buyers pursuant to Rule 144A under the Securities Act of 1933,as amended (the "Securities Act"), and to other qualified investors inreliance on Regulation S under the Securities Act. The sale of the PreferredStock is expected to close on October 3, 2012, subject to customary closingconditions.