Luxembourg

SES SA Period End 31 December 2009

SES SA Annual Report 2009
No explanation for reversal of change in hedging strategy
Luxembourg satellite broadcasting company SES reverses a prior year change in its hedging strategy and publishes a sensitivity analysis for changes in the US dollar exchange rate against the nominal amount of its net investment in the USA, but does not explain its reason for changing its hedging strategy.

SES SA Period End 31 December 2008

SES Annual Report 2008

Financial impacts of a satellite launch failure disclosed separately
Luxembourg satellite operator SES reports on the face of income statement a charge of €129 million and income of €130 million from failure to launch a satellite.