Index
                                                                               2
    ® 2012 ASTRIUM SERVICES                                                    ABOUT HISDESAT
                                                                               p13
                                              1
                                              PRESENTATION
                                              p7
                                              Letter to Shareholders. p8       2.1   The Company. p15
                                              Presentation of the Fiscal       2.2  Corporate and Shareholding
                                              Year. p10                            Structure. p16
                                                                               2.3  Professional Profile, Training
                                                                                   and Quality. p19
                                                                               2.4  The HISDESAT Satellite
                                                                                   System. p20