Market Overview

SES Backs Seraphim Space Fund Launch

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Leading satellite operator reaffirms commitment to driving space
innovation through investing in venture capital fund

SES announced today that it is investing in the Seraphim Space Fund in
order to support innovation in the satellite industry and to encourage
Research and Development (R&D) efforts across the markets served by
satellite. The world-leading satellite operator will also participate in
the fund's Advisory Board.

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SES Backs Seraphim Space Fund Launch (Photo: Business Wire)

SES Backs Seraphim Space Fund Launch (Photo: Business Wire)

Seraphim Space Fund is a new venture capital fund launched by Seraphim
Capital. Its primary focus is to invest in projects that are
commercialising data about the Earth, collected by either satellite or
Remotely Piloted Aircraft Systems (RPAS). Seraphim also invests in the
broader technology ecosystem which supports the satellite and RPAS
infrastructures and applications across a broad range of vertical
markets, including construction, logistics, agriculture, finance, with a
key focus on the insurance market - using insights from airborne data to
evaluate risk, monitor assets and assess claims.

"SES is focused on providing reliable and secure satellite solutions to
customers in our Video and Networks market segments. By investing in the
Seraphim Space Fund, we will be working with other leading industry
partners to push beyond the capabilities of satellites. We look forward
to identifying innovative developments along the value chains and key
markets," said Christophe De Hauwer, Chief Strategy & Development
Officer at SES.

SES is renowned for its leading role in technological and business
innovation in the satellite industry, and actively promotes innovation
through various initiatives.

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About SES

SES is the world-leading satellite operator and the first to deliver a
differentiated and scalable GEO-MEO offering worldwide, with more than
50 satellites in Geostationary Earth Orbit (GEO) and 12 in Medium Earth
Orbit (MEO). SES focuses on value-added, end-to-end solutions in two key
business units: SES Video and SES Networks. The company provides
satellite communications services to broadcasters, content and internet
service providers, mobile and fixed network operators, governments and
institutions. SES's portfolio includes ASTRA, O3b and MX1, a leading
media service provider that offers a full suite of innovative digital
video and media services. SES is listed on the Euronext Paris and
Luxembourg Stock Exchange (TICKER:SESG). Further information available
at: www.ses.com

About Seraphim Capital

Seraphim is a London-based venture capital fund manager. Seraphim
typically invests at Series A stage into IP-led businesses that have the
potential to redefine large existing markets or create entirely new
ones. Over the last decade this has included artificial intelligence
(computer vision, neural networks, machine learning), the Internet of
Things (software, sensors) and advanced materials (polymers,
semiconductors). Collectively, the Seraphim team has more than 100
years' experience, having invested in over 180 early and growth stage
businesses.

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