Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 319

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 319
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 in part at any time. Coupons become payable under the following circumstances:

| • |     | whenever the Company makes dividend payments or other distributions in respect of any junior obligations or 
 parity obligations of the Company or the guarantor (SES Americom Inc.);                                     |

| • |     | whenever the Company or the guarantor elects to redeem, repurchase or otherwise acquire any junior obligations or 
 parity obligations;                                                                                               |

| • |     | whenever the Company does not elect to defer all of the interest accrued in respect of the relevant interest 
 period; or                                                                                                   |

| • |     | upon redemption or repayment of the securities. |

Other reserves In accordance with Luxembourg legal requirements, a minimum of 5% of the yearly statutory net profit of the Company is transferred to a legal reserve which is non-distributable.This requirement is satisfied when the reserve reaches 10% of the issued share capital. As at 31 December 2023 a legal reserve of EUR 72 million (2022: EUR 72 million) is included within other reserves. Other reserves include a non-distributableamount of EUR 95 million (2022: EUR 80 million) linked to treasury shares, and an amount of EUR 101 million (2022: EUR 142 million) representing the net worth tax reserve for 2018-2019 (2022: representing the net worth tax reserve for 2017-2019), for which the distribution would result in the payment of net worth tax at a rate of up to 20% of the distributed reserve in accordance with Luxembourg law requirement. F-73

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Consolidated financial statements as of and for the years ended December 31, 2023 and December 31, 2022 Note 23—Non-controllinginterests Set out below is the summarized financial information for each subsidiary that has non-controllinginterests (NCI) that are material to the Group. The amounts disclosed for each subsidiary are before inter-company eliminations.

| € million                                   |     |  LuxGovSat 
       S.A. 
 (50% NCI)* |     |   |     |      |     |   |     |               Al Maisan 
 SatelliteCommunications 
                LLC, UAE 
              (65% NCI)* |    |   |     |      |    |   |
| Summarised balance sheets                   |     |       202