SPACEHAB ANNOUNCES RESULTS OF SPECIAL MEETING OF SHAREHOLDERS Houston, Texas

SPACEHAB ANNOUNCES RESULTS OF SPECIAL

MEETING OF SHAREHOLDERS

Houston, Texas, November 21, 2007

SPACEHAB, Incorporated (NASDAQ: SPAB), a leading provider of

commercial space services, today announced that at a special meeting held on

November 20, 2007, Amended and Restated Articles of Incorporation of the

Company were amended to increase the number of authorized shares of the Company s

common stock from 70,000,000 shares to 750,000,000 shares. Also approved by the

Company s shareholders was a reverse stock split of the Company s common stock

in the ratio of one share of new common stock for each ten shares of old common

stock and to amend the Amended and Restated Articles of Incorporation of the

Company to decrease the number of authorized shares of common stock from

750,000,000 shares to 75,000,000 shares. The propositions were approved by a

majority of the common and preferred stock outstanding, each voting separately.

transaction, all of the preferred shares will be converted into common stock.

Once these transactions are completed, SPACEHAB will have approximately

About SPACEHAB, Incorporated

SPACEHAB is a commercial

leader and entrepreneurial force in the space industry providing a full

spectrum of products and services to both the government and private sectors.

The Company offers space access and payload integration services, production of

valuable commercial products in space, spacecraft pre-launch processing

facilities and services, development and extension of space-based products to

the consumer market, and program and engineering support ranging from

development and manufacturing of flight hardware to large scale government

The statements in this

document may contain forward-looking statements that are made pursuant to the

Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.

Such forward-looking statements are subject to risks, trends, and uncertainties

that could cause actual results to be materially different from the

forward-looking statement. These factors include, but are not limited to,

continued government support and funding for key space programs, product

performance and market acceptance of products and services, as well as other

risk factors and business considerations described in the company s Securities

& Exchange Commission filings including the annual report on Form 10-K. Any

forward-looking statements in this document should be evaluated in light of

these important risk factors. The Company assumes no obligation to update these

forward-looking statements.