Disclaimer for SES EMTN

Please read carefully the following terms and conditions of access (the Terms and Conditions), which apply to all persons who view this page. The Terms and Conditions may be altered or updated. You should read them in full each time you visit the site.

By accessing this site and the information contained herein, you agree to be bound by the Terms and Conditions, you acknowledge that the site may contain confidential information, and agree that the use of the materials and information contained on the site for any purpose other than as described herein, or as otherwise permitted in writing by SES S.A. (the Company), is strictly prohibited.

The material and information placed on this site by the Company is being made available to you for information purposes only. You will use this site solely for your internal use and in accordance with the Terms and Conditions. You will treat any confidential information as private and confidential and will ensure that the information is protected with effective security measures and with the degree of care in each case that you would apply to your own confidential information.

The information and material placed on this site may not be forwarded or distributed by, or on behalf of, you to any other person and may not be reproduced by, or on behalf of, you in any manner whatsoever. Any forwarding, distribution or reproduction by, or on behalf of, you of any information in whole or in part is unauthorised.

IF YOU DO NOT AGREE TO THE TERMS AND CONDITIONS, PLEASE DO NOT ACCESS THE SITE OR ANY OF THE INFORMATION CONTAINED HEREIN.

Before accessing this website, you must also confirm and acknowledge that:

(a) the materials on this website are not directed at, and may not be viewed by or distributed to:

(i) persons located or resident in the United States, its possessions or territories or persons who are U.S. persons1 (as defined in Regulation S under the Securities Act of 1933, as amended (the Securities Act));

(ii) persons in the United Kingdom except for persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the Order) or (ii) are high net worth entities falling within article 49(2) of the Order; or (iii) are otherwise persons to whom the materials may be lawfully communicated;

(iii) persons in any Member State of the EEA except for persons who are “qualified investors” within the meaning of the Prospectus Regulation; or

(iv) any other persons who are not persons to whom the materials may be otherwise lawfully communicated under the laws of any other jurisdiction;

(b) you are (i) not a U.S. person or accessing this site from inside the United States and (ii) not acting on behalf of a person inside the United States or that is a U.S. person;

(c) you are (and any person for whom, or on whose behalf, you are acting is) a person to whom the materials on the website may be lawfully communicated under the laws of all applicable jurisdictions and are not subject to any legal requirements that prohibit or restrict you (or such person) from viewing such materials;

(d) you will not offer or sell any securities referred to on the website, or distribute, transmit or otherwise disseminate any materials or information contained on this website, other than to persons to whom such offer or sale can lawfully be made or, as the case may be, to whom such materials and/or information can be lawfully distributed under all applicable laws; and

(e) you have complied and will comply with all applicable provisions of the Financial Services and Markets Act 2000 with respect to anything done by you in relation to any securities referred to on the website in, from or otherwise involving the United Kingdom.

Investment considerations

The materials included on this site may contain information that is historical in nature and are only current as of the date of the materials. You should note that past results do not predict future performance. The Company is not acting in any fiduciary capacity with respect to this site and the information contained herein. Prospective investors should consult their own financial, tax and legal advisors about risks associated with an investment in any securities of the Company and the suitability of any such investment in light of their particular circumstances. Except as may be required by law, neither the Company nor any other party has any duty to maintain or update any material on this site and no representation or warranty, express or implied, is or will be made in relation to, the accuracy or completeness of the information.

Certain materials placed on this site contain legends, limitations, qualifications or other restrictions relating to the nature or use of such material. Any such legends, limitations, qualifications or restrictions continue to apply notwithstanding that the materials have been placed on the site.

No offer or solicitation

This site and the information contained herein has been prepared solely for information purposes and do not constitute an invitation or recommendation to invest or otherwise deal in, or an offer to sell or the solicitation of an offer to buy or subscribe for, Notes or any other securities. The site does not create any legally binding obligations on the part of the Company. This site does not purport to provide any financial, investment, accounting, tax, regulatory or legal advice or recommendation. There shall be no sale of any Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful.

The Notes referred to in this website have not been and will not be registered under the Securities Act or any other applicable laws of any state, province, territory, country or jurisdiction of the United States, Canada or Japan.

No liability

Whilst the Company has taken all reasonable steps to ensure that the information contained on the site is accurate as of the date stated, the Company excludes to the full extent permitted under applicable law any warranties, undertakings or representations that the information contained on the site is accurate, current or complete. The information is not tailored for any particular investor or any other recipient and does not constitute investment advice and in no event shall the Company be liable to you or any third party for any direct, indirect, consequential or other losses or damages of any kind, or any damages whatsoever, or any other liability arising out of or in connection with the use of any information set forth on this site.

The information is current only as of its date and shall not, under any circumstances, create any implication that the information contained therein is correct as of any time subsequent to the date thereof or that there has been no change in the financial condition or affairs of the Company since such date. This document may be updated from time to time and there is no undertaking by the Company to post any such amendments on this website.

1A "US person" for purposes of Regulation S includes, but is not limited to, (i) any natural person resident in the United States, (ii) any partnership or corporation organized or incorporated under the laws of the United States or any state thereof or (iii) any agency or branch of a foreign entity located in the United States.

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