Executive Committee

The remuneration of the members of the Executive Committee is determined by the Remuneration Committee. It is composed of a fixed and a variable part.

Remuneration of the Committee in 2007

The total gross remuneration paid to the five members of the Executive Committee relative to the year 2007 amounted to EUR 4,311,455.47, of which EUR 2,417,628.21 represented the fixed part and EUR 1,893,827.26 the variable part.

The direct remuneration paid to the members of the Executive Committee amounted to EUR 4,092,824.08 whereas the indirect remuneration was EUR 218,631.39 .

Members of the Executive Committee also participate in the company’s executive stock options plan established by the Board of Directors on January 31, 2002. During 2007 the members of the Executive Committee were awarded a combined total of 250,933 options to acquire company FDRs at an exercise price of EUR 14.54, the price being based on the average of the closing price on the Luxembourg Stock Exchange of the first 20 trading days after the annual general meting. For U.S. tax payers, the exercise price has been increased to EUR 15.80. A quarter of those options vested on January 1, 2008, the remaining quarters vesting on January 1, 2009, 2010 and 2011. In 2007 members of the Executive Committee were granted 85,187 restricted shares as part of the company’s long term incentive plan as well as 30,344 performance shares to match the restricted shares granted in 2006. These shares will vest after three years.

During 2007, none of the members of the Executive Committee exercised any options.

Company stock owned by members of the Executive Committee

On December 31, 2007 the members of the Executive Committee owned a combined total of 78,870 shares and FDRs, and 1,417,675 options. Transactions made by members of the Executive Committee or members of the Management Committees of SES ASTRA, SES AMERICOM and SES NEW SKIES are published on the company’s website.