Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 30

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 30
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 on information systems, satellite control and operations networks and other technology, and a                                                                    
 disruption or failure of such systems, networks or technology as a result of unauthorized access, misappropriation of data or other malfeasance may disrupt SES’s business. |

| • |     | SES’s international operations are subject to a number of risks that could negatively affect future 
 operating results or subject SES to criminal and civil enforcement actions.                         |

| • |     | SES’s operations and systems are subject to external threats, including sabotage, terrorist attacks and 
 natural disasters.                                                                                      |

| • |     | Global economic turmoil and regional economic conditions could adversely affect SES’s business. |

| • |     | SES is exposed to risks inherent in doing business in developing markets. |

| • |     | SES is subject to general risks associated with its strategic investments. |

| • |     | Pursuing external growth opportunities may not yield the expected benefits. |

| • |     | The telecommunications market is highly competitive, and SES faces competition from satellite (geostationary                                                    
 orbit (“GEO”), medium earth orbit (“MEO”), and low earth orbit (“LEO”)), terrestrial (fixed and wireless) networks, and associated value add service providers. |

| • |     | Changes in technology or the satellite communications market could make SES’s satellite telecommunications 
 system obsolete or subject to lower or reduced demand.                                                     |

| • |     | If SES or its customers fail to obtain and maintain required regulatory approvals, SES may not be able to operate 
 its existing satellites or maintain or expand its operations.                                                     |

| • |     | There may be less publicly available information relating to SES than there is for issuers that are not foreign                                                                                                              
 private issuers because SES, as a foreign private issuer, is exempt from a number of rules under the Exchange Act, and is permitted to file less information with the SEC than issuers that are not foreign private issuers. |

| • |     | SES’s business is subject to extensive regulation and is sensitive to regulatory changes in each of the 
 countries in which it provides services.                                                                |

| • |     | The International Telecommunication Union 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’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