XM DEBUTS NEW PUBLIC RADIO CHANNEL ON

NEWS RELEASE

XM DEBUTS NEW PUBLIC RADIO CHANNEL ON SEPTEMBER 1

8/31/2004

Washington D.C., August 31, 2004 -- XM Satellite Radio (NASDAQ: XMSR), the nation's leading provider of satellite radio with more than 2.1 million subscribers, will debut the new XM Public Radio channel (XM Channel 133) this Wednesday, September 1. XM Public Radio, the newest addition to XM's critically-acclaimed programming line-up, will feature programs from Public Radio International (PRI) and its station partners Chicago Public Radio and WGBH Boston; American Public Media, the national production and distribution branch of Minnesota Public Radio; and Boston public radio station WBUR.

"We are excited to begin broadcasting XM Public Radio to our millions of listeners across the country," said XM Satellite Radio President and CEO Hugh Panero, "and it is an honor to carve out this completely new space in the broadcasting arena with such esteemed public radio programming partners as Public Radio International, American Public Media and WBUR. We look forward to working with these partners to ensure that the quality programming they produce reaches the broadest audience possible."

XM Public Radio will feature a host of critically-acclaimed public radio programs, including This American Life, Michael Feldman's Whad'Ya Know?, Garrison Keillor's The Writer's Almanac, Speaking of Faith, On Point, and Only a Game, among others.

In addition, award-winning public radio newsman Bob Edwards will host a new morning interview program, The Bob Edwards Show, exclusive to XM Satellite Radio, which is scheduled to debut on October 4. Edwards hosted National Public Radio's "Morning Edition" for 25 years, attracting more than 13 million listeners weekly. In 1999, he and the show received a prestigious Peabody Award for excellence in broadcasting. Edwards was recently selected for induction into the Radio Hall of Fame. He has also received the Edward R. Murrow Award from the Corporation

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of Public Broadcasting for outstanding contributions to public radio.

Detailed information about XM Public Radio, including a complete schedule and program descriptions, is available at .

About XM Satellite Radio

XM is America's #1 satellite radio service with more than 2.1 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City and Nashville, Tennessee at the Country Music Hall of Fame, XM's 2004 lineup includes more than 130 digital channels of choice from coast to coast: 68 one-hundred-percent commercialfree music channels, featuring hip hop to opera, classical to country, bluegrass to blues; 40 channels of premier sports, talk, comedy, children's and entertainment programming; and 21 channels of the most advanced traffic and weather information for major metropolitan areas nationwide.

Affordable, compact and stylish XM satellite radio receivers for the home, the car, the computer and boom boxes for "on the go" are available from retailers nationwide. In addition, XM is available in more than 80 different 2004 car models. XM is a popular factory- installed option on more than 40 new General Motors models, as well as a standard feature on several top-selling Honda and Acura models. JetBlue Airways and AirTran Airways passengers will be able to listen to XM's programming in-flight later in 2004. This fall, XM will offer XM NavTraffic, a new service that will provide real-time traffic information for vehicle navigation systems. For more information about XM, visit .

Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K filed with the Securities and Exchange Commission on 3-15-04. Copies of the filing are available upon request from XM Radio's Investor Relations Department.

Contact Chance Patterson Phone: 202-380-4318 chance.patterson@

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