SES SHAREHOLDER AGM APPROVES YEAR 2000 ACCOUNTS DIVIDEND OF €2.90 PER A-SHARE

At the Annual General Meeting (AGM) held today in Betzdorf, shareholders of Société Européenne des Satellites (Luxembourg Stock Exchange: SES; Frankfurt Exchange: SDSL) approved the Company's year 2000 accounts. The financial and operational highlights of the year included:

• Group Revenues up 15.3% at €835.9 million;
• Group Operating Profit up 26.9% to €516.6 million;
• Earnings per share up 11.5% to €6.56;
• Acquisition of NSAB stake (50 %) and Star One stake (19.99%);
• AsiaSat acquisition turned earnings positive due to a 98% increase in attributable profit;
• Strong growth in demand for transponder capacity in Europe;
• Broadband revenues up 350%;
• Continued increase in ASTRA's European audience, to 87.5 million homes;
• Successful launches of ASTRA 2B and ASTRA 2D, SES' tenth and eleventh satellites;
• Three additional ASTRA satellites and AsiaSat 4 under procurement.

Based on the strong financial results, shareholders approved the proposed dividend of €2.90 per A-Share, an increase of 11.5% over the previous year. The dividend will be paid to shareholders and holders of SES FDRs on April 27th, 2001.

At the occasion of an Extraordinary General Meeting, held immediately after the AGM, the shareholders of SES also approved changes to the Articles of Incorporation of the Company. The changes relate to the authorized share capital, the issuance of category B shares, as well as the list of decisions requiring qualified majority votes.

For further information please contact:

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

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

About SES Group:

The SES Group operates a satellite services network providing seamless broadband communications spanning four continents. Based in Luxembourg, Société Européenne des Satellites S.A. (Luxembourg Stock Exchange: SES; Frankfurt Exchange: SDSL) is the operator of ASTRA, Europe's leading direct-to-home Satellite System, and a strategic shareholder in premier satellite operations like AsiaSat (34.10%), NSAB in Scandinavia (50%), and Star One in Latin America (19.99%).

On March 28th, 2001, SES announced the acquisition of 100% of US operator GE Americom in a $ 5 bn transaction still subject to regulatory approval. To that effect, SES has created SES Global S.A. which will hold all SES Group participations.

SES Global will become the world's premier broadband satellite services provider with a combined fleet of 28 wholly-owned spacecraft: 11 ASTRA and 17 Americom satellites as well as 13 additional satellites through partnerships and investments (3 AsiaSat, 3 SIRIUS, 5 Brasilsat and 2 other through Americom's interests in Latin America and Asia). The SES Global fleet will provide seamless global connectivity.

Americom operates 13 communications satellites over North America as well as 4 transoceanic spacecraft and reaches approximately 115 million viewers through an array of high-quality customers. NSAB operates the SIRIUS satellites providing audiovisual and multimedia services to more than 5 million homes in the Northern and Eastern European countries. AsiaSat is the leading satellite system in the Asian/Pacific region reaching over 80 million households with more than 300 million viewers. Star One operates Brasilsat, the largest satellite fleet over Latin America, whose broadcasts are received by more than 7 million households in Brazil.

SES' core business builds on ASTRA, Europe's leading direct-to-home satellite system. ASTRA transmits in analogue and digital format over 1000 television and radio channels as well as multimedia and Internet services to an audience of more than 87million homes in Europe. Three additional ASTRA satellites are currently under construction and due for launch before mid 2002.

SES Multimedia operates the ASTRA-NET platform, enabling service and content providers to transmit data directly, via satellite, to personal computers in businesses and homes. SES is also the first European satellite operator to commercially exploit the Ka-band frequencies for its ASTRA Broadband Interactive System, a DVB-RCS based return channel system for interactive satellite applications. In addition, SES is extending its direct involvement in multimedia with partnerships, joint ventures and direct investment.

In the year ended December 2000, SES Group had revenues of EURO 835.9mn, EBITDA of EURO 708.7mn and operating income of EURO 516.6mn with an EBITDA margin of 84.8% and 426 employees (including AsiaSat). Its contracted backlog amounts to EURO 4.6bn.

For additional information about SES Group, its partners and GE Americom, visit: www.ses-astra.com, www.nsab.se, www.asiasat.com, www.starone.com.br and www.geamericom.com.