August 10, 2023 – SES announces today the U.S. Federal Communications Commission (FCC) has validated the certification of SES’s Phase II accelerated C-band clearing and relocation activities. With this milestone, and following the successful completion of its Phase I activities in 2021, SES has fulfilled its commitment to the FCC’s program to clear a portion of the C-band to allow the rapid rollout of 5G services across the United States. With the help of trusted partners across the U.S., SES has completed all of its Phase II C-band clearing and relocation requirements and all transition activities put forth in its Transition Plan. In accordance with the FCC Report and Order issued on 3 March 2020, SES has satisfied the Phase II relocation requirements in advance of the 5 December 2023 deadline and is now eligible to receive the accelerated relocation payment of $2.99 billion (before tax of 18-19%). SES expects this payment to be made in Q4 2023. SES received the FCC validation of its Phase I accelerated C-band-clearing activities in 2021 and secured the first accelerated relocation payment of $1 billion in the subsequent year.