Debt / Loan Facilities

Eurobonds

SES has a Euro Medium Term Note Programme (EMTN), which supports SES access to debt markets as and when required. The programme allows for total debt issuance up to EUR 4 billion. At year end 2012 outstanding SES Eurobonds were:

ISIN Security Code	Issue Date	Amount in EUR	Coupon	Maturity	Bloomberg Code (SESGFP)
XS 0271527599	20Oct06	500m	4.375%	21Oct13	EF7619101
XS 0438380247	09Jul09	650m	4.875%	09Jul14	EH8876821
XS 0493098486	09Mar10	650m	4.625%	09Mar20	EI1725007
XS 0600056641	03Nov11	650m	4.75%	03Nov21	EI5798438

European Private Placement under the EMTN programme

ISIN Security Code	Issue Date	Amount in EUR	Coupon	Maturity	Bloomberg Code (SESGFP)
XS 0440643087	05Aug09	150m	5.05%	05Aug16	EH9032416
XS 0786606789	18May12	140m	4.00%	31May27	EJ206178

Uncommitted Money Market Facilities

SES has negotiated short term uncommitted credit facilities with several banks.

U.S. Private Placement

SES has debt under a U.S. private placement as follows:

Series	Currency	Amount	Rate	Maturity	Repayment
A	USD	400m	5.29%	30Sep13	Amortized/reimbursed over life of loan starting in Sept. 2007
B	USD	513m	5.83%	30Sep15	Amortized/reimbursed over life of loan starting in Sept. 2011
C	USD	87m	5.93%	30Sep15	Bullet debt to maturity
D	GBP	28m	5.63%	30Sep13	Amortized/reimbursed over life of loan starting in Sept. 2007

USD Bond

In April, SES completed a bond offering of USD 1 billion of notes in two tranches due 2023 and 2043.  The notes are SES' senior unsecured obligations and rank pari passu with all of SES' other unsecured senior indebtedness. The notes are unconditionally and irrevocably guaranteed by SES Global Americas Holdings GP.

ISIN Security Code	Issue Date	Amount in USD	Coupon	Maturity	Bloomberg Code (SESGFP)
USL8175MAB65	26Mar13	750m	3.600%	04Apr23	EJ6118032
USL8175MAC49	26Mar13	250m	5.300%	04Apr43	EJ6118081

The notes will not be and have not been registered under US Securities Act of 1993 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Schuldschein

On 29 October 2012 the group signed an agreement to issue EUR 50 million in the German Bond ("Schuldschein") market. The bond bears a fixed interest rate of 4% and matures on 12 November 2032.

	Currency	Amount	Interest Rate	Maturity Date
Schuldschein	EUR	50m	4.00%	12Nov32

Commercial Paper Programmes

1. French Commercial Paper Programme: SES has a French commercial paper programme in place with a total programme size of EUR 500 million. This enables short term borrowings of up to 12 months in maturity. The borrowing facility is renewed annually.

2. European Commercial Paper Programme: SES has an European commercial paper programme in place with a total programme size of EUR 1,000 million. This enables short term borrowings of up to 183 days in maturity. The borrowing facility is rated by Moody's Investors Service Ltd. and is updated periodically.

Syndicated Credit Facility

On 3 September 2010, SES extended a syndicated credit facility of EUR 1.2 billion with a group of 24 banks. The margin and the amount available is shown in the table below.

Currency	Amount	Interest Rate	Maturity Date
EUR	1200m	EURIBOR + 95 bps	23Apr15

EIB

SES also concluded a EUR 200 million loan in April 2009. This facility, bearing interest at 3.618%, is repayable in six annual installments between May 2012 and May 2017.

	Currency	Amount	Interest Rate	Maturity Date
EIB	EUR	200m	3.618%	06May17

Coface

The Export Credit Funding Facility, signed on 16 December 2009 over EUR 523 million, arranged by three banks, for the procurement of four satellites (ASTRA 2E, 2F, 2G and 5B from Astrium) is backed by a guarantee from Coface. The facility will mature in 2022.

U.S. Ex-Im Bank

In April 2011, SES signed a financing agreement with U.S. Ex-Im Bank over USD 158 million for the investment in one geostationary satellite (Quetzsat-1) with a maturity of 10 years. The loan has a final maturity date of 20 June 2020 and bears interest at a fixed rate of 3.11%.