...of 4,614,870 A-shares of SES at a price per share equal to the closing price of the SES fiduciary depositary receipts (FDRs) on Euronext Paris on such date, i.e., 17.6450 euros (the Closing Price). Such 4,614,870 A-shares have been issued today simultaneously with 2,307,435 B-shares.

Following the execution of this agreement and pursuant to the shareholders’ general meeting of SES dated April 5, 2012, that authorized the board of directors to purchase a maximum of 14,000,000 A-shares or FDRs within the framework of its share buy-back programme approved by the board of directors on April 5, 2012, SES entered into, on June 1, 2012, a forward agreement with such financial institution for the purchase of FDRs in relation to 4,614,870 A-shares of SES (the Forward Agreement). The Forward Agreement is entered into by SES to allow delivery of FDRs upon exercise of the outstanding stock purchase options issued by SES.

The Forward Agreement sets forth the terms and conditions of the purchase of the FDRs, including, in particular, the purchase price of the FDRs to be paid by SES to the financial institution, which is based on the Closing Price, and the maturities of the Forward Agreement, being June 25, 2012, July 25, 2012, and December 12, 2012, for the purchase of 600,000 FDRs, 2,000,000 FDRs and 2,014,870 FDRs, respectively.