Mr. Mike Greenley reports

MDA SPACE COMPLETES ACQUISITION OF SATIXFY COMMUNICATIONS

MDA Space Ltd. has completed the previously announced acquisition of SatixFy Communications Ltd., a leader in next-generation satellite communication solutions based on in-house-designed chipsets.

"We are pleased to officially welcome the SatixFy team to MDA Space," said Mike Greenley, chief executive officer of MDA Space. "With the successful completion of the acquisition, our combined team will continue to deliver differentiated technology to further reinforce our satellite systems strategy and competitive advantage as demand for software-defined digital satellite solutions continues to grow."

SatixFy's operations and full technology portfolio will be integrated into the satellite systems business area of MDA Space.

Information for former SatixFy shareholders

SatixFy's ordinary shares are expected to be delisted from the NYSE American in the coming days. Former SatixFy shareholders who have questions or who require assistance with exchanging their ordinary shares in connection with the transaction may contact Continental Stock Transfer & Trust toll-free at 800-509-5586 (North America) or 212-509-5586 (outside North America), or by e-mail at Reorg+Satixfy@continentalstock.com. Full details of the transaction are set out in the proxy statement and other relevant materials submitted by SatixFy to the United States Securities and Exchange Commission (SEC), which may be obtained, without charge, at the SEC's website.

About MDA Space Ltd.

Building the space between proven and possible, MDA Space is a trusted mission partner to the global space industry. A robotics, satellite systems and geointelligence pioneer with a greater-than-55-year story of world firsts and more than 450 missions, MDA Space is a global leader in communication satellites, Earth and space observation, and space exploration and infrastructure. The MDA Space team of more than 3,400 space experts in Canada, the United States and the United Kingdom has the knowledge and know-how to turn an audacious customer vision into an achievable mission -- bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that has been in the company's DNA (deoxyribonucleic acid) since day 1.

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