SES: ANNEX A: Standard form for notification of major holdings

LUXEMBOURG--(BUSINESS WIRE)--ANNEX A: Standard form for notification of major holdings

Form to be used for the purposes of notifying a change in major holdings pursuant to the amended law and Grand-ducal Regulation of 11 January 2008 on transparency requirements for issuers (referred to as “the Transparency Law” and “the Transparency Regulation”)

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the CSSF)^i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached^ii:
SES SA
2. Reason for the notification (please tick the appropriate box or boxes):   _X_An acquisition or disposal of voting rights   __An acquisition or disposal of financial instruments   __An event changing the breakdown of voting rights __Other (please specify)^iii:
3. Details of person subject to the notification obligation^iv:
Name: SOCIETE GENERALE SA PARIS, FRANCE		City and country of registered office (if applicable):
4. Full name of shareholder(s) (if different from 3.)^v:
5. Date on which the threshold was crossed or reached^vi:			02/06/2021
6. Total positions of person(s) subject to the notification obligation:
	% of voting rights attached to shares (total of 7.A)	% of voting rights through financial instruments (total of 7.B.1 + 7.B.2)	Total of both in % (7.A + 7.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	1.82 %	3.26 %	5.08 %	575 186 400
Position of previous notification (if applicable)	1.68 %	3.09 %	4.77 %

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rights^ix		% of voting rights
	Direct (Art. 8 of the Transparency Law)	Indirect (Art. 9 of the Transparency Law)	Direct (Art. 8 of the Transparency Law)	Indirect (Art. 9 of the Transparency Law)
ORD SHS LU0088087324	-6 204 747	12 130 000	- 1.09 %	2.11 %
BORROWED SHS LU0088087324	3 794 404	785 861	0.66 %	0.14 %
			%	%
SUBTOTAL A (Direct & Indirect)	10 505 518		1.82 %

B 1: Financial Instruments according to Art. 12(1)(a) of the Transparency Law
Type of financial instrument	Expiration date	Exercise/Conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Put option on Basket	6/27/2023	6/27/2023	310,000	0.05%
Put option on Basket	6/25/2021	6/25/2021	11,690,000	2.03%
OTC Call options	8/11/2021	8/11/2021	17,280	0.00%
Listed Put options	6/18/2021	Till 18/06/2021	312,500	0.05%
			12,329,780	2.15%

B 2: Financial Instruments with similar economic effect according to Art. 12(1)(b) of the Transparency Law
Type of financial instrument	Expiration date	Exercise/Conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Call option on Basket	6/27/2023	6/27/2023	Cash settlement	129,962	0.02%
Call option on Basket	1/3/2033	Till 03/01/2033	Cash settlement	351,142	0.06%
Call option on Basket	6/25/2021	6/25/2021	Cash settlement	3,835,166	0.67%
Contract for Difference	N/A	N/A	Cash settlement	46,424	0.01%
OTC Call options	1/3/2033	Till 03/01/2033	Cash settlement	660,000	0.11%
OTC Put options	1/3/2033	Till 03/01/2033	Cash settlement	192,000	0.03%
Listed call warrants	1/3/2033	Till 03/01/2033	Cash settlement	991,129	0.17%
Listed put warrants	1/3/2033	Till 03/01/2033	Cash settlement	192,000	0.03%
				6,397,823	1.11%

8. Information in relation to the person subject to the notification obligation: (please tick the applicable box)   __ Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.^xiii   _X_ Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv (please provide a separate organisational chart in case of a complex structure):
N°	Namexv	% of voting rights held by ultimate controlling person or entity or held directly by any subsidiary if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments held by ultimate controlling person or entity or held directly by any subsidiary if it equals or is higher than the notifiable threshold	Total of both	Directly controlled by (use number(s) from 1^st column)
1	SOCIETE GENERALE SA	-0.43 %	3.05 %	2.62 %
2	SOCIETE GENERALE EFFEKTEN Gmbh	0 %	0.21 %	0.21 %	1
3	SOCIETE GENERALE LUXEMBOURG	2.11 %	0.00 %	2.11 %	1
4	SG AMERICAS SECURITIES, LLC	0.14 %	0.00 %	0.14 %	1
		%	%	%
9. In case of proxy voting: The proxy holder named will cease to hold % and number of voting rights as of .
10. Additional informationxvi:
For your information, the position referring to section 7.A reported in subtotal is a consolidated position at the group level, resulting from 2 opposite positions involving 2 legal entities (intra Société Générale group operations).

Done at

PARIS, FRANCE

On

7 June, 2021

cssF

Commission de Surveillance du Secteur Financier