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Forward Looking Statements

Certain information on this Website may contain forward-looking statements. This information is based on expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements due to factors such as regulation by the Canadian Radio-television and Telecommunications Commission and Industry Canada, competition from other providers of digital satellite radio services and other traditional and emerging audio entertainment providers, other factors inherent in the digital satellite radio industry, our ability to execute a growth and development strategy, our reliance on key personnel and key on-air talent, the exclusive nature of our relationship with XM Satellite Radio Inc. for the provision of satellite radio services and the terms and conditions of various license, programming and other agreements that we have with XM Satellite Radio Inc. XM Canada assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements. Additional information identifying risks and uncertainties is contained in XM Canada's filings with the Canadian securities regulators, available at www.sedar.com.