Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 288

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 288
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 |   |     |             |    — |   |     |       |      2 |   |     |             |  — |   |     |        |      2 |   |
| Transactions with non-controlling interest and other        
 movements                                                   |     |                                      |   — |     |         |     — |     |          |   — |   |     |           |     — |   |     |           |    (1 | ) |     |          |    — |   |     |             |    1 |   |     |       |      — |   |     |             | (6 | ) |     |        |     (6 | ) |
| Total transactions with owners in their capacity as owners: |     |                                      |   — |     |         |     — |     |          | (15 | ) |     |           |     — |   |     |           |  (222 | ) |     |          |    — |   |     |             |    1 |   |     |       |   (236 | ) |     |             | (6 | ) |     |        |   (242 | ) |
| Balance as of December 31, 2023                             |     |                                      | 696 |     |         | 1,564 |     |          | (95 | ) |     |           |   625 |   |     |           | 2,137 |   |     |          | (905 | ) |     |             | (321 | ) |     |       |  3,701 |   |     |             | 57 |   |     |        |  3,758 |   |

| 1 | Dividends are presented net of dividends received on treasury shares of EUR 3 million. |

| 2 | The non-distributable items included in other reserves are 
 described in Note 24.                                      |

The notes are an integral part of the consolidated financial statements. F-11

Consolidated statements of changes in shareholders’ equity For the year ended December 31, 2022

|                                                                        |     | Attributable to owners of the parent |     |   |     |         |       |   |     |          |      |   |     |           |       |     |           |       |   |     |          |      |   |     |             |      |   |     |       |       |   |