Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 387

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 387
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 STRIPS (Separate Trading of Registered Interest and Principal of Securities)                               
 representing zero coupon Treasury securities with long-term maturities The fair values of these assets are determined using Level 2 inputs. |

| (6) | Hedge Funds includes an investment in a collective trust fund that seeks to provide returns that are different                                                                                                                                          
 from (less correlated with) investments in more traditional asset classes. The fund will pursue its investment objective by investing substantially all of its assets in various hedge funds. The fund has semi-annual redemptions in June and December 
 with a pre-notification period of 95 days, and a two year lock-up on all purchases which have expired.                                                                                                                                                  |

| (7) | The Core Property Fund is a collective trust fund that invests in direct commercial property funds primarily in                                                                                                                                           
 the U.S. The fund is meant to provide current income-oriented returns, diversification, and modest inflation protection to an overall investment portfolio. Total returns are expected to be somewhere between stocks and bonds, with moderate volatility 
 and low correlation to public markets. The fund has quarterly redemptions with a pre-notification period of 105 days, and no lock-up period.                                                                                                              |

Our plan assets are measured at fair value. ASC 820 prioritizes the inputs used in valuation techniques including Level 1, Level 2 and Level 3 (see Note 1—Background and Summary of Significant Accounting Policies). The majority of our plan assets are valued following the market approach, using measurement inputs which include unadjusted prices in active markets, and we have therefore classified all of these assets as Level 1 assets, with the exception of our U.S. Treasuries, which use pricing models for similar securities, and we have therefore classified them as Level 2 within the fair value hierarchy. Our other securities include Hedge Funds and Core Property Funds, which are measured at fair value using the net asset value per share practical expedient, and are not classified in the fair value hierarchy. F-136

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 The following table presents the components of net periodic pension benefit income (in thousands). These amounts are recognized in “Other income (expense), net” in the consolidated statements of operations.

|                                              |     | Pension Benefits 
 Predecessor      |   Year Ended 
 December 31, 
         2021 |   |     |   |   Two Months 
        Ended 
 February 28, 
         2022