SOCIETE EUROPEENNE DES SATELLITES (SES) Exercise of Over-Allotment Option

Following the successful launch of the initial public offering of Fiduciary Depositary Receipts (FDRs) in Luxembourg and internationally by Société Européenne des Satellites (SES), the global co-ordinators for the IPO in consultation with the Luxembourg lead manager have today exercised their option to purchase 755,183 additional FDRs in respect of existing A shares of SES shareholders to cover over-allotments.

The initial public offering was for 6,206,000 FDRs at LUF 6000 per FDR. At this offer price, SES was valued at LUF 223.4 billion (US$ 6.0 billion).

Proceeds of the offering, including the exercise of the over-allotment option, were LUF 41.8 billion (US$ 1.1 billion). SES will not receive any proceeds from the offering.

Deutsche Bank, Dresdner Kleinwort Benson and Morgan Stanley Dean Witter were the joint global co-ordinators and joint lead managers of the international offering.

Banque Générale du Luxembourg was the lead manager of the Luxembourg offering.

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