Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 51

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 51
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 are critical to SES’s operating activities and the fulfilment of its commercial obligations to its customers. SES’s operations may be subject to hacking, malware and other forms of cyber-attacks. Due to the high sophistication of certain attackers and an increasing number of cyber-attacks, it may not always be possible to prevent every such event. Any such event could have an adverse impact on SES’s operations, including service disruption or malfunctions, loss of customers, non-compliancewith legal and regulatory requirements, inadvertent violations of data protection, export control and other relevant laws, damage to SES’s reputation or result in damage to SES’s properties, equipment and data. Such an event also could result in large expenditures necessary to repair or replace such networks or information systems or to protect them from similar events in the future. Third parties may also experience errors or disruptions that could adversely impact SES’s business operations and over which SES has limited control. SES could be exposed to significant costs, fines and penalties if such risks were to materialize, and such events could damage SES’s reputation and credibility and have a negative impact on its revenue. The occurrence of any such events or security breaches could have a material adverse effect on SES’s business, financial condition and results of operations. SES’s international operations are subject to a number of risks that could negatively affect future operating results or subject SES to criminal and civil enforcement actions. SES conducts business around the world. International business is subject to a variety of risks, including:

| • |     | lack of developed and/or independent legal systems to enforce commercial, legal and regulatory rights; |

| • |     | greater risk of uncollectible accounts and longer collection cycles; |

| • |     | foreign currency exchange volatility; |

| • |     | inflation and deflation; |

| • |     | fraud and political corruption; |

| • |     | anticompetitive or protectionist behavior; |

| • |     | uncertain and changing tax rules, regulations and rates; |

| • |     | logistical and communication challenges; |

| • |     | economic and financial conditions in the markets in which SES operates; and |

| • |     | political conditions in the markets in which SES operates as well as geopolitical events in or affecting such                                            
 markets (such as the currently on-going conflict between Russia and Ukraine, as well as the war in Gaza and tensions in the Middle East more generally). |

In addition, SES may be subject to civil or criminal liability under the U.S., United Kingdom, EU, Canada and other