Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 375

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 375
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| Share-based compensation plans                     |     |      |  2 |     |      |  1 |     |      |  3 |
| Total                                              |     |      | 10 |     |      | 11 |     |      | 10 |

| * | 2024 remuneration of SLT members includes EUR 0 million (2023: EUR 1.6 million) of 
 contractual severance payment for departing Senior Leadership Team members         |

The total outstanding amount in respect of share-based payment instruments allocated to key management as of December 31, 2024 was 2,542,423 (2023: 3,868,807, 2022: 5,455,577). F-93

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 Note 36—C-bandrepurposing The Group was subject to the Federal Communications Commission’s Report and Order and Order of Proposed Modification dated February 28, 2020 (‘the Order’) in connection with the clearing of a 300 MHz band of C-banddownlink spectrum between 3,700 and 4,000 MHz by December 2025 to support the rapid deployment of terrestrial 5G services in the continental United States (‘CONUS’). SES filed its Phase II Certification of Accelerated Relocation with the FCC on July 10, 2023, completing SES’s obligations under the Order. The FCC validated the certificate on August 9, 2023, at which time the EUR 2,714 million (USD 2,991 million) of Accelerated Relocation Payments were fully earned. SES received the Accelerated Relocation Payments between August 24, 2023 and October 13, 2023. SES paid EUR 424 million of income tax in respect of the Accelerated Relocation Payments in 2023. Since the C-bandrepurposing project is not the result of a contract with a customer, the proceeds were not accounted for as revenue but rather as ‘C-bandrepurposing income’. To facilitate the clearing of the spectrum SES procured six C-bandsatellites and necessary launch vehicles. The Group’s ground facilities were also consolidated and upgraded to comply with the provisions of the Order, with customers and affiliated earth stations being equipped with special filters, new antennae and/or other capabilities so that they can be migrated to