Mr. Mark Redmond reports

SIRIUSXM CANADA ADVISES OF CHIEF FINANCIAL OFFICER'S RESIGNATION

Michael Washinushi, chief financial officer, will be leaving Sirius XM Canada Holdings Inc., parent of Sirius XM Canada Inc., to pursue other business opportunities, effective Sept. 4, 2015.

"We appreciate Michael's many contributions to Sirius XM Canada, which began with our initial public offering in 2005," said Mark Redmond, president and chief executive officer, Sirius XM Canada. "In particular, he has played an important role in integrating Sirius and XM Canada. We are pleased to consider that process now complete. As a unified brand, we are thriving as a leader in the Canadian audio entertainment industry. We wish Michael every success in his future endeavours."

The company, in co-ordination with the board of directors, has commenced a search for Mr. Washinushi's replacement. Mr. Washinushi will stay on full time with Sirius XM Canada until Sept. 4, after which he will act as an adviser to the company through to the end of 2015 to help ensure a smooth transition.

Mr. Redmond continued: "We have a very skilled finance team, many of whom have been with the company for numerous years. In addition, finance expertise runs deep across our board of directors and we have a 10-year relationship with our auditor, PricewaterhouseCoopers. During this time of transition, we are confident the company has the bench strength it needs and will be well supported. We will continue to focus on delivering growth, an unmatched audio experience and long-term shareholder value."

We seek Safe Harbor.