SES Increases Ownership in SES SIRIUS to 90 Percent

SES, the pre-eminent satellite operator worldwide (Paris:SESG)
(LuxX:SESG), and Swedish Space Corporation (SSC), announced today that
SSC, under an existing agreement, has exercised a ´put option´
transferring to SES ASTRA an additional 15 percent equity stake in SES
SIRIUS. The transaction increases SES´ existing shareholding interest
in SES SIRIUS from 75 to 90 percent.

SES has been a shareholder in SES SIRIUS since October 2000, and
the SIRIUS satellites are integrated into SES´ global fleet of 38
satellites. Financial terms for the exercise of the existing option
were not disclosed.

"Working through our SES ASTRA organization, we have been able to
maximize the value of the SES SIRIUS assets through greater synergies
between the ASTRA and SIRIUS satellites," said Romain Bausch,
President and CEO of SES. "This has resulted in a stronger market
presence for SES over the Nordic countries and Eastern Europe, to the
benefit of customers in those regions. We have had an excellent
relationship with SSC, and look forward to continuing to work closely
with them in the future."

In addition to retaining a 10 percent interest in the SIRIUS
satellites, SSC will continue to provide network operations, satellite
control, telemetry, and tracking and control (TT&C) service to the SES
SIRIUS satellites.

Lars Persson, President and CEO of Swedish Space Corporation,
stated: "This transaction provides SSC with opportunities to also
pursue other business opportunities and was already foreseen when SES
acquired a majority stake in SIRIUS four years ago. SSC will continue
to work in close co-operation with SES SIRIUS and the SES group in the
telecom satellite area."

About Swedish Space Corporation (SSC)

Swedish Space designs, tests, launches and operates space and
aerospace systems. Our operations are carried out within four business
units located in Stockholm, Kiruna and Vidsel. At our facility in
Stockholm, we develop satellites, space vehicle subsystems and
payloads for sounding rockets as well as airborne systems for maritime
surveillance. We also own Stockholm Teleport, a ground station for
satellite communication services. At Esrange Space Center, east of
Kiruna, we launch sounding rockets and balloons and from here we also
operate one of the world´s busiest civilian satellite ground stations.
In addition we are involved in testing various air and space vehicles
through the North European Aerospace Test range - NEAT at Vidsel Test
Range, RFN.

Swedish Space owns the German company LSE, which provides
engineering and satellite operation services and the Swedish companies
ECAPS, which develops and manufactures "green" propulsion systems and
NanoSpace, which develops micromechanical systems for space
applications. Swedish Space is also a part-owner of SES SIRIUS, which
distributes television and offers other telecommunication services on
its Sirius satellites. Additional information at www.ssc.se

About SES

SES (Paris:SESG) (LuxX:SESG) wholly owns three market-leading
satellite operators, SES ASTRA in Europe, SES AMERICOM in North
America, and SES NEW SKIES, which provide global coverage and
connectivity. The Company also holds 90% in SES Sirius in Europe as
well as strategic participations Ciel in Canada and Quetzsat in
Mexico. SES provides outstanding satellite communications solutions
via a fleet of 38 satellites in 25 orbital positions around the globe.
Additional information on SES is available at: www.ses.com