Effective January 13, 2016, Mr. James Pittman has stepped down as a director of Telesat Holdings Inc., Telesat Interco Inc. and Telesat Canada, and as member of the Board of Managers of Telesat LLC. Telesat Holdings Inc. announced that, effective January 13, 2016, Mr. Antoine Bisson-McLernon has joined the Board of Directors of Telesat Holdings Inc., Telesat Interco Inc. and Telesat Canada, and the Board of Mangers of Telesat LLC. Mr. McLernon joined the Public Sector Pension Investment Board in July 2009 and, since December 7, 2015, is the Managing Director, Private Equity – Americas.

Prior to that, he led PSP Investments Natural Resources investment group and sat on the Boards of TimberWest Forest Corp. (Canada), Kaingaroa Timberlands (New Zealand), and X2 Resources (UK). He is also a past Advisory Committee member of Haymarket Financial LLP (UK).

Before joining PSP Investments, Mr. McLernon worked in private equity and investment banking.