Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 630

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 630
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 be
executed manually or by other electronic transmission by the Parties and the exchange of a fully executed Agreement (in counterparts or otherwise), including by generally recognized and qualified e-signature
technology, shall be sufficient to bind the Parties to the terms and conditions of this Agreement and to constitute an original for all purposes.

[Signature page follows.]

A-84

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

| SES S.A.      |     |        |
| By:           |     |        |
|               |     | Name:  |
|               |     | Title: |
| INTELSAT S.A. |     |        |
| By:           |     |        |
|               |     | Name:  |
|               |     | Title: |

Signature Page to Share Purchase Agreement

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

CONTINGENT VALUE RIGHTS AGREEMENT

THIS CONTINGENT VALUE RIGHTS AGREEMENT (this “”) is entered into as of [●] [●], 202[●] (the
“”), by and among [●], as Rights Agent (the “”), and SES S.A., a sociétéanonyme existing under the laws of the Grand Duchy
of Luxembourg registered under number B81267 with the Luxembourg Registre de commerce et des sociétés(the “”).

RECITALS

WHEREAS, the
CVR Issuer and Intelsat S.A., a société anonyme existing under the laws of the Grand Duchy of Luxembourg registered under number B162135 with the Luxembourg Registre de commerce et des sociétés
(“”), have entered into a Share Purchase Agreement, dated as of April 30, 2024 (as amended, amended and restated or otherwise modified from time to time, the “”);

WHEREAS, pursuant to the Purchase Agreement, the CVR Issuer has agreed to issue the CVRs contemplated in this Agreement, on and subject to the
terms contained in this Agreement; and

WHEREAS, a registration statement on Form F-4
(No. [●]) with respect to the CVRs has been prepared and filed by the CVR Issuer with the U.S. Securities and Exchange Commission and