Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 410

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 410
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    (18,593 | ) |
| Less: Reserve to make future distributions to creditors                                          |     |   |     (1,404 | ) |
| Less: Distributions of Series A and Series B CVRs                                                |     |   |          — |   |
| Gain on settlement of liabilities subject to compromise                                          |     | $ |  5,708,937 |   |

| (11) | Reflects the elimination of common shares due to the consolidation of Intelsat S.A., the new ultimate parent 
 company.                                                                                                     |

| (12) | Reflects the issuance of Successor common shares, at par, to creditors. |

| (13) | Change in paid-in-capital              
 reflects the following (in thousands): |

| Elimination of related party note through contributions from Intelsat S.A. (now Reorganized ISA 
 S.A.)                                                                                           |     | $ | 158,021 |
| Contribution of portion of related party, net amount from Intelsat S.A. (now Reorganized ISA    
 S.A.)                                                                                           |     |   |  18,782 |
| Elimination of common shares due to the consolidation of Intelsat S.A., the new ultimate parent 
 company                                                                                         |     |   |   5,000 |
| Reflects the acceleration of the vesting of equity awards upon the Effective Date               |     |   |     615 |
| Paid-in-capital                                                                                 
 related to repurchase and cancellation of formation shares issued by Intelsat S.A.              |     |   |      34 |
| Change in                                                                                       
 paid-in-capital                                                                                 |     | $ | 182,452 |

F-128

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83

| (14) | Change in paid-in-capital;                                                                                                                 
 Successor reflects the issuance of common stock and Series A and Series B Warrants to creditors pursuant to the Final Plan (in thousands): |

| Distribution of common shares                               
 (paid-in-capital) to creditors                              |     | $ | 3,582,323 |
| Distribution of Series A and Series B Warrants to creditors |     |   |   128,000 |
| Change in                                                   
 paid-in-capital; Successor                                  |     | $ | 3,710,323 |

| (15) | Net change in accumulated deficit includes the following (in thousands): |

| Gain on settlement of liabilities subject to