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HUGHES ELECTRONICS CORPORATION
CAUTIONARY STATEMENT FOR PURPOSE OF THE “SAFE HARBOR” PROVISIONS
OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This Annual Report on Form 10-K may contain certain statements that Hughes Electronics
Corporation (“Hughes”) believes are, or may be considered to be, “forward-looking statements,” within
the meaning of various provisions of the Securities Act of 1933 and of the Securities Exchange Act of
1934. These forward-looking statements generally can be identified by use of statements that include
phrases such as we “believe,” “expect,” “anticipate,” “intend,” “plan,” “foresee” or other similar words or
phrases. Similarly, statements that describe our objectives, plans or goals also are forward-looking
statements. All of these forward-looking statements are subject to certain risks and uncertainties that
could cause Hughes’ actual results to differ materially from historical results or from those expressed or
implied by the relevant forward-looking statement. Risk factors which could cause actual performance
and future actions to differ materially from forward-looking statements made herein include, but are not
limited to, economic conditions, product demand and market acceptance, government action, local
political or economic developments in or affecting countries where Hughes has operations, including
political, economic and social uncertainties in many Latin American countries in which DIRECTV Latin
America, LLC operates, foreign currency exchange rates, ability to obtain export licenses, competition,
the outcome of legal proceedings, ability to achieve cost reductions, ability to timely perform material
contracts, ability to renew programming contracts under favorable terms, technological risk, limitations
on access to distribution channels, the success and timeliness of satellite launches, in-orbit
performance of satellites, loss of uninsured satellites, ability of customers to obtain financing, Hughes’
ability to access capital to maintain its financial flexibility, and the effects of the strategic options that
General Motors Corporation is currently evaluating for Hughes as noted in Item 1. Business.
Readers are urged to consider these factors carefully in evaluating the forward-looking
statements. The forward-looking statements included in this Annual Report are made only as of the
date of this Annual Report and Hughes undertakes no obligation to publicly update these forward-
looking statements to reflect subsequent events or circumstances.
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