Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 277

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 277
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 | Dividends are presented net of dividends received on treasury shares of EUR 3 million. |

| 2 | The non-distributable items included in other reserves are 
 described in Note 24.                                      |

The notes are an integral part of the consolidated financial statements. F-11

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

Consolidated statements of changes in shareholders’ equity For the year ended December 31, 2022

|                                                                        |     | Attributable to owners of the parent |     |   |     |         |       |   |     |          |      |   |     |           |       |     |           |       |   |     |          |      |   |     |             |      |   |     |       |       |   |     |             |    |   |     |        |       |   |
| € million                                                              |     | Issued                               
 capital                              |     |   |     | Share   
 premium |       |   |     | Treasury 
 shares   |      |   |     | Perpetual 
 bond      |       |     | Other     
 reserves2 |       |   |     | Retained 
 earnings |      |   |     | Foreign     
 currency    
 translation 
 reserve     |      |   |     | Total |       |   |     | Non-        
 controlling 
 interest    |    |   |     | Total  
 equity |       |   |
| Balance as of January 1, 2022                                          |     |                                      | 719 |   |     |         | 1,636 |   |     |          | (189 | ) |     |           | 1,175 |     |           | 2,227 |   |     |          |  453 |   |     |             | (351 | ) |     |       | 5,670 |   |     |             | 63 |   |     |        | 5,733 |   |
| Result for the year                                                    |     |                                      |   — |   |     |         |     — |   |     |          |    — |   |     |           |     — |     |           |     — |   |     |          |  (34 | ) |     |             |    — |   |     |       |   (34 | ) |     |             | (1 | ) |     |