SES Global Shareholders Approve Year 2003 Accounts And Dividend Of EUR 0.22 At Annual General Meeting

Betzdorf, Luxembourg — At their Annual General Meeting (AGM) today in Betzdorf, Luxembourg, shareholders of SES GLOBAL S.A. (Euronext Paris, Luxembourg and Frankfurt Stock Exchanges: SESG) approved the Company's 2003 accounts and a proposed dividend of EUR 0.22 per A-share, which will be paid to shareholders and holders of SES GLOBAL FDRs on May 19th, 2004.

In 2003, SES GLOBAL earned revenues of EUR 1.2 billion, had an EBITDA of EUR 943 million (representing an EBITDA margin of 78.1%) and a net profit of EUR 205 million. This result was achieved despite an overall difficult market environment in the telecommunications and broadcasting industry.

SES GLOBAL and its operating companies have achieved significant progress in the first months of 2004.

• EchoStar Communications and SES AMERICOM entered into long-term service agreements for the entire capacity on two satellites, AMC-14 and AMC-16, in addition to a contract for the capacity of the AMC-15 satellite and for interim capacity on the AMC-2 spacecraft which was announced in
2003.

• SES AMERICOM celebrated the successful launch of its AMC-10 satellite from Cape Canaveral onboard Atlas IIAS on February 5th, 2004. Meanwhile, AMERICOM's latest satellite, AMC-11, is awaiting launch onboard an Atlas IIAS launch vehicle in Cape Canaveral (USA). Two additional SES AMERICOM launches are scheduled to take place before year end 2004.

• On February 24, 2004, SES GLOBAL announced that it had acquired an ownership stake in ORBCOMM Inc., a US-based provider of global satellite data services to industrial, military and commercial customers, using a Low-Earth-Orbit constellation of spacecraft. As of March 2004, that ownership stake was 10.54%.

• On April 2, 2004, SES AMERICOM announced it received approval from a US Bankruptcy court to acquire the assets of Verestar Inc., for a total cash consideration of US $ 18.5 million. Verestar focuses on managed solutions for satellite communications in government, broadcast, enterprise, and international services markets with strategically located teleport facilities in the US and abroad. The transaction will be closed upon receipt of appropriate US government authorizations, including approval by the Federal Communications Commission to transfer Verestar's communications licences.

At the Annual General Meeting, SES shareholders also elected Mr. Gilbert Ernst, Executive Vice President and Member of the Executive Board of BCEE (Banque et Caisse d'Épargne de l'État du Luxembourg), to the Board of Directors of SES GLOBAL. Mr. Ernst completes the term of the mandate of Mr. Raymond Kirsch who retired on February 1, 2004.

For further information please contact:
Mark Roberts
Investor Relations
Tel. 352 710 725 490
Mark.Roberts@ses-global.com


Yves Feltes
Press Relations
Tel. 352 710 725 311
Yves.Feltes@ses-global.com


About SES GLOBAL
SES GLOBAL (Euronext Paris, Luxembourg and Frankfurt stock exchanges: SESG) wholly owns two market-leading satellite operators, SES ASTRA in Europe, and SES AMERICOM in the US. The Company also holds strategic participations in AsiaSat in Asia, Star One and Nahuelsat in Latin America, and NSAB in Europe. Via its WORLDSAT subsidiary it provides unparalleled connections to the premier regional satellite fleets of these SES GLOBAL partners. AMERICOM Government Services provides network solutions and bandwidth to the US government and its contractors. SES GLOBAL can provide outstanding satellite communications solutions via a fleet of 41 satellites across the globe. In addition, SES GLOBAL is a shareholder in ORBCOMM, a provider of wireless data communications services through a low-earth orbit (LEO) satellite network, and in satellite technology companies Gilat Satellite
Networks Ltd., ND Satcom and SATLYNX. Additional info at:
www.ses-global.com

This press release was issued through GroupWeb Emailwire.com. For more information on press release distribution, go http://www.emailwire.com.