Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 9

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 9
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uant to 17 C.F.R. Section 200.83

rounded to the nearest one (1) million. As a result of this rounding, certain numerical figures presented herein may vary slightly from the corresponding numerical figures presented in our
financial statements.

In tables, negative amounts are shown between brackets. Otherwise, negative amounts may also be shown by
“–” or “negative” before the amount.

Currency Presentation

SES publishes its consolidated financial statements in euros, while Intelsat publishes its consolidated financial statements in U.S. dollars.
In this prospectus, references to “$,” “U.S. dollars” or “USD” are to the lawful currency of the United States of America and references to “€” or “euro” are to the single currency adopted by
participating member states of the European Union, referred to as the EU, relating to Economic and Monetary Union.

4

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

QUESTIONS AND ANSWERS ABOUT THE ACQUISITION AND THE CONTINGENT VALUE RIGHTS

The following questions and answers are intended to briefly address some questions that you, as a holder of Intelsat common shares, may have regarding the Acquisition, including the transactions contemplated thereby, and the CVRs to be issued by SES. These questions and answers, as well as the summary section that follows, only highlight some of the information contained in this prospectus and may not contain all the information that is important to you. These questions and answers are not meant to be a substitute for the information contained in the remainder of this prospectus and are qualified in their entirety by the more detailed sections of this prospectus, including the Annexes to this prospectus, which you should read carefully. We encourage you to further refer to the sections of this prospectus titled “Cautionary Statement Regarding Forward-Looking Statements” beginning on page 21 of this prospectus and to the “Risk Factors” beginning on page 24 of this prospectus.

Q: Who is SES?

A: SES was founded in 1985, under the laws of the Grand Duchy of Luxembourg, and is an industry-leader in space-based communications.
Currently, SES qualifies as a “foreign private issuer” under the SEC rules.

Q: What is this document?

A: This document is a prospectus of SES for the CVRs issuable as part of the consideration for the Acquisition. SES is providing this
document because SES and