Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 421

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 421
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 shares of                                                                                                       
 (i) cash, (ii) 32.5% of Series B CVRs, (iii) 4.0% of the Company’s post-Emergence common shares, (iv) 100% of New Series A Warrants (as defined herein), and (v) 46.447% of New Series B Warrants (as defined herein); |

| • |     | distribution to certain holders of allowed unsecured claims against Intelsat Envision of their pro rata shares of 
 (i) cash, and (ii) 47.301% of New Series B Warrants;                                                              |

F-118

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83

| • |     | distribution to certain holders of allowed unsecured claims against Intelsat Luxembourg of their pro rata shares 
 of cash; and                                                                                                     |

| • |     | distribution to certain holders of allowed unsecured claims against                                                                                                                            
 pre-Emergence Intelsat S.A. (now Reorganized ISA S.A.) of (i) cash, and (ii) 6.252% of New Series B Warrants, and (iii) certain securities of Reorganized ISA S.A. (please see—Reorganized ISA 
 S.A. Securities below for additional information).                                                                                                                                             |

Intelsat S.A. also adopted a management incentive plan upon Emergence, which provides for, among other things, the reservation of certain restricted and performance securities, as well as long-term cash incentive awards. Reorganized ISA S.A. Securities In addition to the terms summarized above, upon Emergence, a distribution was made to certain holders of allowed unsecured claims against pre-EmergenceIntelsat S.A. (now Reorganized ISA S.A.) of 100% of Reorganized ISA S.A. common shares (subject to dilution by the exercise of certain new warrants issued by Reorganized ISA S.A., if any). All common shares of pre-EmergenceIntelsat S.A. (now Reorganized ISA S.A.) outstanding immediately prior to the Effective Date were extinguished. Certain holders of pre-EmergenceIntelsat S.A. (now Reorganized ISA S.A.) common shares who successfully opted into an equity group settlement obtained their pro rata shares of warrants issued by Reorganized ISA S.A. for up to 10% of Reorganized ISA S.A. common shares. The Reorganized ISA S.A