Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 27

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 27
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, including the effect of changes in the carrying value for assets and liabilities on depreciation expense,
amortization expense and interest expense. Indefinite-lived intangible assets and goodwill will not be amortized but will be tested for impairment at least annually, and all tangible and intangible assets including goodwill will be tested for
impairment when certain indicators are present. If, in the future, SES determines that tangible or intangible assets (including goodwill) are impaired, SES would record an impairment charge at that time.

Interests of SES’s Directors and Executive Committee Members in the Transactions(See page 60)

Other than with respect to continued service for, employment by and the right to continued indemnification by the Combined Group, as of the
date of this prospectus, SES’s directors and members of the executive

15

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

committee (the “Executive Committee Members”) do not have any financial interests in the Transactions that are different from, or in addition to, the interests of other SES shareholders
generally. The SES Board was aware of these potential conflicts of interest during its deliberations on the merits of the Transactions and in making its decision to approve the Share Purchase Agreement and the Transactions. For more details
regarding the interests of SES’s directors and Executive Committee Members in the Transactions, please see the section titled “About the Acquisition — Interests of SES’s Directors and Executive Committee Members in the Transaction” beginning on page 60 of this prospectus.

Interests of Intelsat’s Directors and Executive Officers in the Transactions(See page 60)

Intelsat’s executive officers and directors have interests in the
Transactions that may be different from, or in addition to, those of Intelsat shareholders generally. The Intelsat Board was aware of and considered these interests, among other matters, in approving the Share Purchase Agreement and the
Transactions. These interests include (i) the accelerated vesting and payment in respect of outstanding Intelsat equity awards pursuant to the Share Purchase Agreement, (ii) the potential receipt of certain payments and benefits under the
executive officers’ employment agreements upon certain types of terminations of employment following the consummation of the Transactions, and (iii) the entitlement to indemnification benefits in favor of directors and executive officers
of Intelsat. For more details regarding the interests of Intelsat’s directors and executive officers in the Transactions, please see the section titled “