Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 223

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 223
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 2023 valuation used mortality and improvement tables based on the SOA tables, adjusted to reflect (1) an ultimate rate of mortality improvement consistent with both historical experience and U.S.
Social Security long-term projections, and (2) a shorter transition period to reach the ultimate rate, which is consistent with historical patterns. In establishing the

150

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

expected return on assets assumption, Intelsat reviews the asset allocations considering plan maturity and develop return assumptions based on different asset classes. The return assumptions are
established after reviewing historical returns of broader market indexes, as well as historical performance of the investments in the plan.

Recently Adopted and Recently Issued Accounting Pronouncements

Refer to Note 1—Background and Summary of Significant Accounting Policies of the Intelsat audited financial statements for the period
ended December 31, 2023 included elsewhere in this prospectus for further information about recently adopted and recently issued accounting pronouncements.

151

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT Security Ownership of Certain Beneficial Owners and Management of SES The following table sets forth information regarding the beneficial ownership of SES’s Class A Shares and Class B Shares (collectively, the “Shares”) as of October 8, 2024, held by:

| • |     | each person known by SES to be the beneficial owner of more than 5% of SES’s issued and outstanding Shares; |

| • |     | each of SES’s Executive Committee Members and directors that beneficially owns SES’s Shares; and |

| • |     | all members of the SES Board and Executive Committee Members, taken as a group. |

Beneficial ownership of shares is determined under SEC rules and generally includes any shares over which a person exercises sole or shared voting or investment power, and this information is not necessarily indicative of beneficial ownership for any other purpose. Shares are beneficially owned when an individual has voting and/or investment power over the shares or could obtain voting and/or investment power over the Shares within 60 days. Voting power includes the power to direct the voting of the shares and investment power include the power to direct the disposition of the Shares. Unless otherwise noted, shares listed below are owned directly or indirectly with sole voting and investment power. SES’s Class A shares are held by institutional and private shareholders while our