Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 399

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 399
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| • |     | distribution to certain holders of allowed unsecured claims against Intelsat Connect of their pro rata shares of                                                                                                       
 (i) cash, (ii) 32.5% of Series B CVRs, (iii) 4.0% of the Company’s post-Emergence common shares, (iv) 100% of New Series A Warrants (as defined herein), and (v) 46.447% of New Series B Warrants (as defined herein); |

| • |     | distribution to certain holders of allowed unsecured claims against Intelsat Envision of their pro rata shares of 
 (i) cash, and (ii) 47.301% of New Series B Warrants;                                                              |

F-118

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

| • |     | distribution to certain holders of allowed unsecured claims against Intelsat Luxembourg of their pro rata shares 
 of cash; and                                                                                                     |

| • |     | distribution to certain holders of allowed unsecured claims against                                                                                                                            
 pre-Emergence Intelsat S.A. (now Reorganized ISA S.A.) of (i) cash, and (ii) 6.252% of New Series B Warrants, and (iii) certain securities of Reorganized ISA S.A. (please see—Reorganized ISA 
 S.A. Securities below for additional information).                                                                                                                                             |

Intelsat S.A. also adopted a management incentive plan upon Emergence, which provides for, among other things, the reservation of certain restricted and performance securities, as well as long-term cash incentive awards. Reorganized ISA S.A. Securities In addition to the terms summarized above, upon Emergence, a distribution was made to certain holders of allowed unsecured claims against pre-EmergenceIntelsat S.A. (now Reorganized ISA S.A.) of 100% of Reorganized ISA S.A. common shares (subject to dilution by the exercise of certain new warrants issued by Reorganized ISA S.A., if any). All common shares of pre-EmergenceIntelsat S.A. (now Reorganized ISA S.A.) outstanding immediately prior to the Effective Date were extinguished. Certain holders of pre-EmergenceIntelsat S.A. (now Reorganized ISA S.A.) common shares who successfully opted into an equity group settlement obtained their pro rata shares of warrants issued by