Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 125

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 125
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 in accordance with the laws of the State of New York, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws.

Waiver of Jury Trial

Each of Intelsat
and SES waived all right to a trial by jury in any action or claim arising out of any dispute in connection with the Share Purchase Agreement, any rights or obligations under the Share Purchase Agreement or the performance of any such rights or
obligations.

Non-Recourse

The Share Purchase Agreement may only be enforced against, and any claims, obligations, liabilities or actions that may be based upon, in
respect of, arise under, out or by reason of, be connected with, or relate in any manner to the Share Purchase Agreement or the transactions contemplated thereby, or the negotiation, execution, or performance of the Share Purchase Agreement may only
be made against, the parties to the Share Purchase Agreement.

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RELATED AGREEMENTS – CONTINGENT VALUE RIGHTS AGREEMENT

This section describes the material terms of the contingent value rights agreement, which will be entered into and executed between SES and Equiniti Trust Company, LLC, as Rights Agent, in connection with the Closing. The rights and obligations of the parties shall be governed by the express terms and conditions of the CVR Agreement, a form of which is attached hereto as Annex B, and not by this summary. This summary is not complete and is qualified in its entirety by reference to the complete text of the CVR Agreement. You are encouraged to read the CVR Agreement carefully in its entirety, as well as this prospectus and any documents incorporated by reference herein. This section is not intended to provide you with any factual information about either Intelsat or SES.

The CVR Agreement will set forth the terms of the CVRs to be issued to Intelsat at the Closing. A Holder is entitled to receive Applicable
Consideration (as defined below) pursuant to the terms and conditions of the CVR Agreement, less any applicable withholding taxes, upon SES’s receipt of Gross Proceeds (as defined below).

The rights of Holders will be governed by and subject to the CVR Agreement.

Characteristics of the CVRs

The CVRs
will not represent equity or ownership interest in SES and neither the Holders nor the CVRs will have any rights common to shareholders of SES, including voting and dividend rights. No interest will accrue on any amounts that may be payable to a
Holder. The CVR payment is an unsecured general obligation of SES.