Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 174

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 174
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 with the terms and conditions of the notes or (ii) prior to the repurchase up to $2 billion of notes
through open market purchases. Following the Closing, SES also may, from time to time, repurchase the notes in market purchases or otherwise.

Repurchase of €625,000,000 Deeply Subordinated Fixed Rate Resettable

On January 23, 2025, SES announced that it had repurchased in the open market an aggregate amount of €99,978,000 principal amount of
its €625,000,000 Deeply Subordinated Fixed Rate Resettable Notes issued on May 27, 2021. The repurchased notes will be cancelled in accordance with the terms and conditions of the notes. Following this transaction, the outstanding
principal amount of the notes will be €525,022,000. Payment will be made in accordance with the standard procedures of Clearstream, Luxembourg, and/or Euroclear.

IRIS 2

On December 16, 2024, the SpaceRISE consortium, led by SES, has signed the Concession Contract with the European Commission to design,
deliver, and operate the innovative, multi-orbit IRIS sovereign connectivity

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system: Infrastructure for Resilience, Interconnectivity and Security by Satellite (“IRIS²”); for a period of 12 years, with the network expected to provide services from the
beginning of 2030.

IRIS is expected to play a transformative role in reinforcing
Europe’s resilience, digital sovereignty, and low-latency connectivity for all EU Member States and is intended to enhance Europe’s ability to respond to crises, protect essential infrastructure, and
bridge the digital divide.

SES’s contribution to IRIS will be to develop,
procure, and operate 18 new MEO satellites providing 100% pole-to-pole coverage with carrier-grade connectivity solutions. SES will have rights to commercialize the MEO capacity and part of the LEO capacity of the IRIS system. The compelling combination of high-throughput data rates, low latency, service flexibility, and managed solutions will cater to EU’s sophisticated requirements, as well as allied nations
and SES’s customers around the world.

The initial phases of IRIS will benefit
from upfront public funding with limited need for private financing in the early years of design and procurement. In total, SES will contribute approximately 50% of the MEO cost while having the benefit of commercializing about 90% of the MEO
capacity and part of the LEO