GeoEye NASDAQ: GEOY

1. GeoEye(NASDAQ: GEOY) Deutsche Bank 2008 Leveraged Finance Conference The Phoenician, Phoenix, AZ September 25, 2008

2. The Company Locations Headquarters: Dulles, Virginia Operation Facilities: Thornton, Colorado St. Louis, Missouri Norman, Oklahoma Mission, KS 4 Secure Facilities Employees: 450+ Imagery from diverse platforms IKONOS OrbView-2 OrbView-3 (archive only) Aerial GeoEye-1 NASDAQ: GEOY Began trading Sept. 14, 2006 Verbal announcement of launch and/or Commercial availability - 60 days after launch. Don�t put it in writing or on the slide.Verbal announcement of launch and/or Commercial availability - 60 days after launch. Don�t put it in writing or on the slide.

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4. Our Strategy Balance Customers: US, International, Commercial International: Space Imaging network Commercial / On-line: Growing Deliver quality imagery Focus on quality, not quantity Expand our value added products and service offerings Close relationships with our customers

5. GeoEye-1 On Orbit High resolution black and white, color, or both simultaneously Short revisit times: 3 days or less Image 350,000 km2/day in multi-spectral mode �more than the size of Italy Italy is ~301,250 km2 Collecting image data at 2 GB/sec while simultaneously sending data to ground at 740MB/second

6. Highest Performance Available In The Commercial Market

7. GeoEye-1 (simulated by ITT) This shows the kind of imagery that GeoEye-1 will be able to produce. This shows the kind of imagery that GeoEye-1 will be able to produce.

8. Partnerships Built on Mutual BenefitsWe are Focused on the Customer GeoEye is a vendor of choice and trusted supplier for providing high-quality commercial satellite and aerial imagery to: U.S. Government (National Geospatial-Intelligence Agency [NGA]) Foreign Governments Strategic International Customers Global Resellers Commercial Customers Online Mapping / Search Engines Globally we�re strengthening � the acquisition of Space Imaging in 2006 gave us a great network of partners around the world Several of them are here today Explicit call out to our global partners in the audience � b/c DG can�t. CRISP, EUSI-SIME, Falcon, Roger Kim (representing KEOC). Increasing the Support for Partners 1. Beefed up Customer Service � and we�re hearing that our customers appreciate our responsiveness. In 2007, our Customer Support department delivered more than 20,000 products to our customers with a Product Acceptance rate of more than 99.9%! 2. Reseller conference 3. PR and Marketing support 4. Strengthening our web distribution � several initiatives that should bear fruit during this year Globally we�re strengthening � the acquisition of Space Imaging in 2006 gave us a great network of partners around the world Several of them are here today Explicit call out to our global partners in the audience � b/c DG can�t. CRISP, EUSI-SIME, Falcon, Roger Kim (representing KEOC). Increasing the Support for Partners 1. Beefed up Customer Service � and we�re hearing that our customers appreciate our responsiveness. In 2007, our Customer Support department delivered more than 20,000 products to our customers with a Product Acceptance rate of more than 99.9%! 2. Reseller conference 3. PR and Marketing support 4. Strengthening our web distribution � several initiatives that should bear fruit during this year

9. Global Ground Station Partner Network Dialogue on how to balance better delivery w/regional partners� need for revenue. We�re trying to figure out the best model for our partners and us to make money in this Geospatial 2.0, web-enabled world. Dialogue on how to balance better delivery w/regional partners� need for revenue. We�re trying to figure out the best model for our partners and us to make money in this Geospatial 2.0, web-enabled world.

10. GeoEye Constellation Collection Capacity GeoEye-1 Image 350,000 km2/day in multi-spectral mode 700,000 sq km/day panchromatic mode IKONOS 200,000 sq km/day True Constellation Operations for GeoEye-1 and IKONOS Phased orbit Access to all locations nearly every day GeoEye Constellation Collection CapacityAlmost 1M sq km/day A sensor with greater collection capacity will result in final image products with shorter delivery times. The products will also have improved consistency due to avoiding variations in scene content that can result from temporal changes in the images collected on multiple satellite passes. Greater collection capacity also translates in simplest terms into MORE imagery and MORE CURRENT imagery of the places you want to see. A sensor with greater collection capacity will result in final image products with shorter delivery times. The products will also have improved consistency due to avoiding variations in scene content that can result from temporal changes in the images collected on multiple satellite passes. Greater collection capacity also translates in simplest terms into MORE imagery and MORE CURRENT imagery of the places you want to see.

11. Continuity of Imagery

12. Cost-Effective Defense GeoEye uses technology that can't be produced overseas, due to export controls We provide extra �eyes in the sky� and thus additional information that our defense and intelligence services use to protect support the war fighter, and Since GeoEye derives about � our revenue from international and commercial customers, the taxpayers pay only � of the cost of our systems. By contrast, the Government pays 100 cent dollars for National Technical Means, so we're a very cost effective alternative.

13. Innovation @ GeoEye

14. Production & Services Revenue

15. Multi-source Fused Information Combines information from multiple sources, some public, in user friendly format Sea Surface Temperature contours overlay OV-2 Plankton Image map Recommended fishing grounds are shown in red

16. Creating a New MarketInitial Customer: NGA. Now adding International Customers We�ve manufactured over 1,000 geospatial models of airports � we call them Airport Mapping Data Bases and we have firm orders for 1,000 more. We�ve done many airports in Canada, by the way. It�s fair to say we wrote the book on Airport Mapping Data Bases�s. Many of you know our guy - Dejan Damjanovic. He used to work for the port of Vancouver, in fact. He�s the proud author of this product line. We�re now offering to help our international partners use this expertise in their own markets. We�ve manufactured over 1,000 geospatial models of airports � we call them Airport Mapping Data Bases and we have firm orders for 1,000 more. We�ve done many airports in Canada, by the way. It�s fair to say we wrote the book on Airport Mapping Data Bases�s. Many of you know our guy - Dejan Damjanovic. He used to work for the port of Vancouver, in fact. He�s the proud author of this product line. We�re now offering to help our international partners use this expertise in their own markets.

17. Value Added Applications:RoadTracker Software

18. InfrastructureGeoEye Advantages Excellently situated to support infrastructure mapping and monitoring of: Airports & Marine ports Growing expertise in Airport Mapping Data Bases Oil and Gas Pipelines MJ Harden expertise transferable to other corridors like electric and rail lines Highways Approached by highway management group to help with monitoring

19. National Stadium (Bird's Nest) Beijing, China, 2008 Olympic Games This is what we do A picture�s worth a thousand words This is a good example of how we monitor change. And it�s a benign example � obviously, I can�t show you more sensitive examples. This is what we do A picture�s worth a thousand words This is a good example of how we monitor change. And it�s a benign example � obviously, I can�t show you more sensitive examples.

20. New Web Business - GeoFUSE

21. GeoFUSE Sample Applications

22. China Investment Eastdawn Group: International Geospatial Data Production Capabilities Optical and radar processing capabilities Low cost production opportunity International customer base (Japan, Mideast, US, Canada) ISO and PRC certified ~ 1,000 employees Beijing Earth Observation: Satellite Imagery Distribution in China GeoEye�s Ikonos Indian Remote Sensing satellites European CosmosSkymed

23. Outdated. I�m sure it�s changed a lot over the past year.Outdated. I�m sure it�s changed a lot over the past year.

24. Market Snapshot NASDAQ: GEOY Recent close: $ 24.95 (September 22, 2008) Float: 18 million shares Last 30 days average trading volume: ~ 400,000 Market Cap: $ 450 million Enterprise Value: Debt: $ 250 million Nextview Deferred Revenue: $ 194 million (June 30, 2008) Market Cap: $ 450 million Total Enterprise Value: ~ $ 900 million

25. Revenue Growth & Net Income

26. Revenue Mix

27. Accounting Issues Addressed Recent restatements reflect Revised income tax accounting treatment on cost share payments for NextView program from NGA Set-up a deferred tax asset of $ 78.7 mm offset by a non-current income tax reserve of the same amount Interest and penalties of $ 29.5 mm associated with this tax expected to be reversed this quarter. Relief from these costs obtained by self-reporting the error on August 8, 2008 Loss of NOL�s due to a change of control in 2004 Net operating losses generated prior to November 16, 2004 lost due to election made exiting bankruptcy in December, 2003 $ 132 mm of pre-emergence NOLs and $ 21 mm of post emergence NOLs lost NOL�s available after November 16, 2004 have been used to offset current income GeoEye is now a cash tax payer Reversal of an over accrual of direct expenses at year end ($ 3.0 mm)

28. Accounting Issues (cont�d) Steps taken to mitigate these events Changed tax advisors to a Big Four firm � effective Q2, 2008 Hired new VP Accounting and Corporate Controller � Jeanine Montgomery started September 3, 2008 Appointed new auditors � KPMG, effective with Q3, 2008 review And other less noteworthy ones (process and system improvements, internal resources, external advisors, etc.) We believe these issues are behind us

29. Operating Results

30. Launch Seen in Times Square