Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 524

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 524
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 notes and schedules thereto (collectively, together with the Indiana Balance Sheet, the “”). Each of the Indiana Financial Statements (i) has been prepared in
accordance with the books and records of Indiana and its Subsidiaries, (ii) has been prepared in accordance with Applicable Accounting Principles applied on a consistent basis throughout the periods indicated (except as may be indicated in the
notes thereto) and (iii) presents fairly, in all material respects, the consolidated financial position, results of operations and cash flows of Indiana and its Subsidiaries as of the respective dates thereof and for the respective periods
indicated therein, except as otherwise noted therein. Except as required by Applicable Accounting Principles or applicable Law, since the Reference Date, Indiana has not made or adopted any material change in its accounting methods, practices or
policies. As of the date hereof, Indiana and its Subsidiaries do not have any outstanding Covered Indebtedness, other than pursuant to the Indiana Notes Indenture.

(b) Indiana has established and maintains a system of internal control over financial reporting that is designed to provide reasonable
assurance about the reliability of financial reporting and the preparation of financial statements in accordance with Applicable Accounting Principles, including policies and procedures that (i) require the maintenance of records that in
reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of Indiana and its Subsidiaries, (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial
statements in accordance with Applicable Accounting Principles, and that receipts and expenditures of Indiana and its Subsidiaries are being made only in accordance with appropriate authorizations of Indiana’s management and the Indiana Board
and (iii) provide reasonable assurance about prevention or timely detection of unauthorized acquisition, use or disposition of the assets of Indiana and its Subsidiaries that could have a material effect on the financial statements. Indiana has
established and maintains a system of disclosure controls and procedures. Indiana has disclosed to Indiana’s outside auditors and the audit committee of the Indiana Board (A) any significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting which are reasonably likely to adversely affect Indiana’s ability to record, process, summarize and report financial information and (B) any fraud, whether or not

A-26

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

material, that involves Indiana’s