Gilat Satellite Networks Ltd. — Earnings Release 2011

Jan 31, 2012

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Gilat Satellite Networks Ltd. 21 Yegia Kapayim St., Kiryat Arye Petah Tikva 49130, Israel Tel: (972) 3 925-2000 Fax: (972) 3 925-2222 www.gilat.com

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Gilat’s Fourth Quarter and Full Year 2011 Earnings Announcement Schedule

Petah Tikva, Israel, 31 January, 2012 -- Gilat Satellite Networks Ltd. (NASDAQ: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that it will release its fourth quarter and full year 2011 financial results on Wednesday, February 22, 2012.

Webcast

Following the announcement, Erez Antebi, Gilat’s Chief Executive Officer, and Ari Krashin, Chief Financial Officer, will discuss Gilat’s fourth quarter and full year 2011 results and participate in a question and answer session:

Date: Wednesday, February 22, 2012 Start: 14:30 GMT/09:30 EST/16:30 Israel Local Time Dial-in: US: (888) 407-2553 International: (972) 3-918-0610

Presentation materials may be accessed through Gilat’s website prior to the call. A recording of the webcast will also be available on the Company’s website and will be archived for a period of 30 days.

Webcast Replay Start: February 22, 2012 at 17:00 GMT/12:00 EST End: February 24, 2012 at 17:00 GMT/12:00 EST Dial-in: US: (888) 782-4291 International: (972) 3-925-5921

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About Gilat

Gilat Satellite Networks Ltd. is a leading provider of products and professional services for satellitebased broadband communications networks worldwide. Gilat was founded in 1987 and has shipped over one million Very Small Aperture Terminals (VSATs) to more than 85 countries across six continents. Gilat's headquarters is located in Petah Tikva, Israel. The Company has 22 sales and service offices worldwide. Gilat develops and markets an expansive range of broadband satellite solutions including high-performance VSATs under the SkyEdge[TM] and SkyEdge II brands, low-profile antennas for satcom-on-the-move, under the RaySat Antenna Systems and the StealthRay[TM] brands and next generation solid-state power amplifiers for mission-critical defense and broadcast satellite communications systems under the Wavestream brand. Gilat's wholly-owned subsidiary, Spacenet Inc., is a leading provider of managed services in North America to the business and government segments. Visit Gilat at www.gilat.com.

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect",

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"believe" and similar expressions are intended to identify forward-looking statements. These forwardlooking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat's products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat's products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company's proprietary technology and risks associated with Gilat's international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Gilat's business, reference is made to Gilat's reports filed from time to time with the Securities and Exchange Commission.

Contact: Karen Mazor Gilat Satellite Networks karenm@gilat.com

Rob Fink/ Adam Pollack KCSA Strategic Communications (212) 896-1214 / 1232 gilat@kcsa.com

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