Commentary & Deal Flow

SES, a global satellite communications provider, (ticker: "SESGFP", country: LU) rated Ba1/BBB- by Moody's/Fitch, has mandated BNP Paribas, ING, LBBW and Mizuho as Joint Global Coordinators and Joint Bookrunners, as well as Commerzbank, Goldman Sachs International, IMI-Intesa Sanpaolo and KBC as Joint Bookrunners to arrange a series of fixed income investor calls to be scheduled on 28-Sep. An electronic investor presentation will be made available.

An expected bmk, Reg S (Cat 2), Sr Unsec 4.5yr € offering will follow, subject to market conditions.

• Programme: EUR 5,500,000,000 EMTN Programme of SES
• Guarantor: SES Americom, Inc.
• Expected Issue Ratings: Ba1/BBB- (Moody's/Fitch)
• Listing: Luxembourg Stock Exchange’s regulated market
• Use of Proceeds: The net proceeds from the issue of the Notes will be applied by the Issuer towards the cash tender offer for its outstanding EUR 500,000,000 fixed rate notes issued in 2019 (ISIN XS2075811781), which the issuer has launched concurrently with the issue of the Notes. Any remaining net proceeds will be used for the general corporate purposes of the Group, including the refinancing of other existing indebtedness. For further information on the tender offer, holders should (subject to offer and distribution restrictions contained therein) refer to the Tender Offer Memorandum dated 28-Sep-26.
• Manufacturer target market (MiFID II / UK MiFIR product governance): Eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or UK disclosure document has been prepared as not available to retail investors in the EEA or the UK. Relevant stabilisation regulation (including FCA / ICMA) applies.
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129. It is not a prospectus. The base prospectus dated 10-Apr-26 and the supplement to the base prospectus dated 23-Sep-26 are, and the Final Terms, when published, will be, available on the website of the Luxembourg Stock Exchange at: www.luxse.com.