Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 143

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 143
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 citizens or long-term residents of the United States;                                                                                                                            |

| • |     | are controlled foreign corporations or passive foreign investment companies; |

| • |     | are subject to the alternative minimum tax; |

| • |     | hold Intelsat common shares as part of a hedging, constructive sale or conversion, straddle or other risk 
 reduction transaction;                                                                                    |

| • |     | received their Intelsat common shares in connection with the performance of services; |

| • |     | have a “functional currency” that is not the U.S. dollar; |

| • |     | are required to accelerate the recognition of any item of gross income with respect to Intelsat common shares or 
 the CVRs as a result of such income being recognized on an applicable financial statement; or                    |

| • |     | own (directly, indirectly or constructively) (i) 10% or more of the total combined voting power of all classes of 
 shares entitled to vote of Intelsat, or (ii) 10% or more of the total value of all classes of shares of Intelsat. |

If a partnership (including an entity or arrangement classified as a partnership for U.S. federal income tax purposes) is a beneficial owner of Intelsat common shares, then the U.S. federal income tax considerations applicable to a partner in such partnership will generally depend upon the status of the partner and the activities of the partner and the partnership. Each partnership holding Intelsat common shares and each partner therein is urged to consult its tax advisor regarding the U.S. federal income tax considerations applicable to it relating to the Transactions and the receipt of, and payments with respect to, CVRs. 94

No ruling has been or will be obtained from the IRS regarding the U.S. federal income tax considerations of the Transactions described below. No assurance can be given that the IRS will agree with the views expressed in this discussion, or that a court will not sustain any challenge by the IRS in the event of litigation. Furthermore, no opinion of counsel has been or will be rendered with respect to any tax considerations of the Transactions or any related transactions. The use of words such as “will” and “should” in any tax-relateddiscussion contained in this discussion is not intended to convey a particular level of comfort. THIS DISCUSSION IS PROVIDED FOR GENERAL INFORMATION ONLY AND DOES NOT CONSTITUTE LEGAL ADVICE TO ANY HOLDER OF INTELSAT COMMON SHARES. EACH SUCH HOLDER IS URGED TO