Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 122

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 122
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 (if any) that is not subject to the Pre-ClosingNotes Repurchase and that will therefore remain outstanding on or after the Closing (the “Retained SSNs”). Conditions to the Closing of the Acquisition Each party’s obligation to consummate the Acquisition is subject to the fulfillment or waiver of various conditions, which include the following:

| • |     | no law enacted or issued after the date of the execution of the Share Purchase Agreement in any jurisdiction for                                                                                                                                          
 which there is a Required Antitrust Approval, a Required Telecommunication Approval that is a consent or a Required FDI Approval, or in any other jurisdiction that is material to the Combined Group, being in effect which has the effect of enjoining, 
 restraining, making illegal or otherwise prohibiting the consummation of the Acquisition;                                                                                                                                                                 |

| • |     | any applicable waiting period (and any extension thereof) under the HSR Act having expired or terminated and                                                                               
 consents of, or filings under, any other antitrust laws set forth in Intelsat’s disclosure schedules to the Share Purchase Agreement having been received or made and remaining in effect; |

| • |     | the applicable FCC Consent having been obtained and considered final and any other Required Telecommunications 
 Approvals having been received or made and remain in effect;                                                   |

| • |     | the Required FDI Approvals having been obtained, received or made and remain in effect; |

| • |     | the DCSA Approval having been obtained; |

| • |     | all waiting periods applicable to the Transactions having elapsed pursuant to Section 122.4(b) of the ITAR; |

| • |     | the Intelsat Shareholder Approval having been obtained in accordance with applicable Law and Intelsat’s 
 organizational documents; and                                                                           |

| • |     | this registration statement of which this prospectus forms a part having become effective, no stop order having                                                                                                                                       
 been issued by the SEC and remaining in effect with respect to such registration statement, and no action seeking such a stop order by the SEC being pending and the applicable blue sky filings having been submitted to the applicable Governmental 
 Authorities and such Governmental Authorities                                                                                                                                                                                                         |

79

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

| having authorized, approved and not objected to, as applicable the Transactions and the offering and sale of securities in connection with the Transactions. |

Intelsat is not obligated to effect the Acquisition under the Share Purchase Agreement unless the