Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRSLTR
Source: 0000950123-25-003273
Chunk: 1

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRSLTR
Chunk 1
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 outstanding. In the calculation of the basic and diluted earnings per share, it is the economic rights of the Class A and Class B which are considered (83% and 17%, respectively), rather the voting rights (66% and 34% respectively reflecting the nominal Class-Bshares in issue). In updating the Draft Registration Statement to include ours and Intelsat S.A.’s financial statements for the year ended December 31, 2024, we have modified the disclosure on pages F-48and F-49in Amendment No. 2 to the Draft Registration Statement to clarify: Gibson, Dunn & Crutcher LLP 200 Park Avenue | New York, NY 10166-0193 | T: 212.351.4000 | F: 212.351.4035 | gibsondunn.com

Laura Veator Stephen Krikorian April 1, 2025 Page 2 The weighted average number of shares based on the capital structure of the Company as described in Note 24, net of own shares held, and adjusted to reflect the relative economic rights of the Class A shares and Class B shares for calculating basic earnings per share was as follows:

|                                                                                         |     | 2024 |       |     | 2023 |       |     | 2022 |       |
| Class A shares (in million) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   
 .                                                                                       |     |      | 351.7 |     |      | 364.8 |     |      | 364.1 |
| Class B shares (in million) (*). . . . . . . . . . . . . . . . . . . . . . . . . . . .  
 .                                                                                       |     |      |  72.9 |     |      |  74.3 |     |      |  74.3 |
| Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
 . . . . . .                                                                             |     |      | 424.6 |     |      | 439.1 |     |      | 438.4 |

(*) Weighted average number of Class B shares of 182.3 (in million) (2023: 185.