Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 481

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 481
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 the bankruptcy cases for Intelsat Jackson,
Intelsat US LLC and Intelsat License as a result of the District Court’s remand. In light of the proposed SES Transaction, Intelsat and SES have petitioned the Bankruptcy Court to hold the case in abeyance and close the underlying Bankruptcy
Cases without prejudice. The Bankruptcy Court agreed to hold the remand on the claim in abeyance and closed the remaining Bankruptcy Cases, subject to reopening the cases at the request of either party if the SES Transaction agreement is validly
terminated. If the SES Transaction closes, SES has agreed to withdraw the claim.

$250.0 Million Satellite Capacity Commitment

On April 18, 2024, Intelsat entered into a $250.0 million commitment to purchase low-earth
orbit satellite capacity over six years commencing on July 1, 2024, which was subsequently amended and restated to commence on January 1, 2025. Intelsat has the option, but not the obligation, to increase its commitment for an additional
$250.0 million for a total of $500.0 million over a term of seven years.

Note 16—Related Party Transactions

Indemnification Agreements

We have
entered into agreements with our executive officers and directors to provide contractual indemnification in addition to the indemnification provided for in our articles of association.

Expense Reimbursement Agreement

We entered into an agreement with certain shareholders to provide reimbursement of up to $250,000 for fees and expenses that the shareholders
incurred in connection with the SES Transaction. Approximately $120,000 has been reimbursed to the shareholders through the date of this Annual Report.

F-166

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

SUPPLEMENTARY INFORMATION

F-167

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Supplemental Consolidating Financial Information The following presents our unaudited condensed consolidating balance sheet as of December 31, 2024 and unaudited condensed consolidating statements of operations, changes in shareholders’ equity and cash flows for the year ended December 31, 2024. Investments in subsidiaries in the following unaudited condensed consolidating financial information are accounted for under the equity method of accounting. Consolidating adjustments include eliminations of the following:

| • |     | investments in subsidiaries; |

| • |