Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 60

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 60
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-party claims, as a result of
violations of or liabilities under sustainability laws and regulations, including Corporate Sustainability Due Diligence Directive, Directive 2006/114/EC concerning misleading and Comparative Advertising (Greenwashing) and the Corporate
Sustainability Reporting Directive laws. SES believes that its operations are in compliance with sustainability laws and regulations.

Furthermore, SES may in the future become subject to laws and regulations of which it is not presently aware. If SES fails to comply with all
applicable laws and regulations, it could lose revenue from services provided to the countries covered by those laws and regulations and subject SES to criminal or civil penalties.

Failure to obtain or maintain the required authorizations described in this paragraph could have a material adverse effect on SES’s
business, financial condition and results of operations.

The ITU or national administrations may not allocate orbital slots and associated frequencies to permit SES to maintain or augment its satellite systems, or may restrict SES’s access to frequencies on its satellite systems.

SES needs access to orbital slots and associated frequencies to permit it to maintain or grow its satellite system and service offerings.

The ITU establishes radio regulations and is responsible for the allocation of spectrum for particular uses, and the allocation to particular
national administrations of orbital locations and/or spectrum. SES can only access spectrum through ITU filings made by national administrations.

Orbital slots, satellite orbits and associated frequencies are a limited resource. The ITU and national regulators may reallocate spectrum
from satellite to terrestrial uses. National administrations are increasingly charging for access to spectrum by way of fees and auctions. In addition, national administrations may revoke SES’s rights to use spectrum, even when SES has an
established business at a particular orbital location.

Any reallocation of spectrum from satellite to terrestrial uses or fees by
national administrations may have a significant adverse effect on SES’s business, financial condition and results of operations.

SES’s ability to use a satellite at a given orbital location or a satellite system in its orbit and assigned frequencies for its proposed service or coverage area may be adversely affected by coordination issues.

Like other satellite operators, SES is required to record, through relevant national administrations, frequencies and orbital locations used by
its satellites with the ITU and to coordinate the operation of its satellites with the satellite networks filed with the ITU through other national administrations so as to prevent or reduce harmful interference between its satellites and the
satellites of other operators. It may not always be possible to achieve successful coordination. This could affect the planned operation by SES of its satellites. In certain