SES AND SES GLOBAL ASSESSED BY CREDIT RATING AGENCIES MOODY's AND STANDARD & POOR's

Leading credit rating agencies Moody's and Standard & Poor's have today announced the results of their credit rating reviews for SES (Luxembourg Stock Exchange: SES; Frankfurt Exchange: SDSL) on a stand alone basis, and pro forma for SES Global, the newly created company that will acquire 100% of US satellite operator GE Americom (subject to regulatory approval) as well as the interests of the existing SES Group (see SES press release dated March 28th, 2001).

Moody's Investors Service has assigned an issuer rating of Baa1 on SES (stand-alone). Following the completion of the GE Americom acquisition by SES Global, Moody's expects to set this rating to Baa2 with a stable outlook.

Standard & Poor's has announced an indicative "BBB" long-term corporate credit rating, outlook stable, for SES Global following the acquisition of GE Americom. At the same time, Standard & Poor's has also assessed the stand-alone credit quality of SES, which would likely be assigned a "single A minus" long-term rating should the proposed SES Global transaction not proceed.

For further information please contact:

Yves Feltes Press Relations Manager SES/ASTRA Tel. (352) 710 725 311 E-Mail: Yves_Feltes@ses-astra.com or www.ses-astra.com

Mark Roberts Investor Relations Manager SES/ASTRA Tel. (352) 710 725 490 E-Mail: Mark_Roberts@ses-astra.com