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New York/June 13, 2003/Satnews Daily/ — Peter G. Peterson, the co-founder and chairman of he Blackstone Group L.P., is resigning from the Sirius board of directors.

Joseph P. Clayton, President and Chief Executive Officer of Sirius said the company's association with Blackstone has been a tremendous asset for the Sirius. "Blackstone's confidence, advice and investment in our company has truly made a difference in our ability to survive the difficult economic climate," he said.

Peter G. Peterson said, " I regret that I will be leaving the board, but I am pleased with the progress the company has made in 2003 in completing a recapitalization and then raising $350 million in recent weeks to facilitate execution of its business plan.”

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