Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 41

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 41
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 shareholders of Intelsat.

Intelsat shareholders should be aware that Intelsat’s directors and executive officers have interests in the Acquisition
that may be different from, or in addition to, the interests of Intelsat shareholders generally, including potential severance benefits, upon certain types of termination of employment following the consummation of the Transactions, accelerated
vesting and payment of outstanding RSUs and PSUs pursuant to the Share Purchase Agreement and rights to ongoing indemnification and insurance coverage. See “Interests of Intelsat’s Directors and Executive Officers in the Acquisition” beginning on page 60 of this prospectus for a more detailed description of these interests. The Intelsat Board were aware of these interests and considered them, in addition to other matters, in evaluating and negotiating
the Share Purchase Agreement.

The unaudited pro forma combined financial information included in this prospectus are presented for illustrative purposes only and do not represent the actual financial position or results of operations of the Combined Group following completion of the Acquisition or reflect the effect of any divestitures that may be required in connection with the Acquisition.

The unaudited pro forma combined financial information contained in this prospectus is presented for illustrative
purposes only, contains a variety of adjustments, assumptions and preliminary estimates and does not represent the actual financial position or results of operations of SES and Intelsat prior to the Acquisition or that of the Combined Group
following the Acquisition for several reasons.

Among other things, the unaudited pro forma combined financial information does not
reflect the effect of any potential divestitures that may occur prior to or subsequent to completion of the Acquisition, the projected realization of cost savings following completion of the Acquisition or any changes in applicable law (including
applicable tax law) after April 29, 2025. Please see the section titled “Certain Unaudited Pro Forma Condensed Combined Financial Statements” beginning on page 103 of this prospectus. The actual financial positions and
results of operations of SES and Intelsat prior to the Acquisition and that of the Combined Group following the Acquisition may not be consistent with, or evident from, the unaudited pro forma combined financial informationincluded in this
prospectus.

29

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 In addition, the assumptions used in preparing the unaudited pro forma combined financial information included in this prospectus may not be realized and may be affected by other factors, which could lead to