Norsat Reduces Conversion Price of Notes

VANCOUVER, Canada, June 28, 2005/Satnews Daily/ — Norsat International Inc. (TSX – NII.TO; OTC BB – NSATF.OB) announced on Monday it has reduced the conversion price of its outstanding $2 million of 8% unsecured convertible notes due March 31, 2007 from US$1.70 per common share to US$1.25 per common share.

Norsat said the convertible notes were issued on a private placement basis in March 2002 and are convertible at any time at the option of the holder into Norsat common shares at the conversion price.

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