Eutelsat and OneWeb Combination Heralds New Era in Space

Eutelsat and OneWeb Combination Heralds New Era in Space Connectivity as World’s First GEO-LEO Operator

This announcement contains projections or other forward-looking statements (including synergies) with respect to the anticipated future performance of the group resulting from the combination between Eutelsat Communications and OneWeb. All statements other than historical facts included in this announcement, including without limitations, those regarding position, business strategy, plans and objectives are forward-looking statements.

Such forward looking statements (including synergies) are unaudited and for illustrative purposes only and are based on management’s reasonable assumptions and adjustments, and current available information. Such projections and forward-looking statements involve risks, and uncertainties, many of which are not within Eutelsat Communications’group, including but not limited to those described in the exemption document and other documents filed by Eutelsat Communications with the Autorité des marchés financiers.

Actual future results may differ materially from those projected or forecast in the forward-looking statements, in particular due to the uncertainties as to whether the synergies and value creation from the combination will be realised in the expected time frame, the risk that the businesses will not be successfully integrated, the possibility that the combination will require actions that will adversely affect the anticipated benefits of the proposed combination.

Nothing contain herein is, or should be relied upon as, a promise or representation, whether

as to the past or to the future, and no reliance, in whole or in part, should be placed on the fairness, accuracy, completeness or correctness of the information contained herein. In particular, no representation or warranty, express or implied, is made as to the achievement or reasonableness of, and no reliance should be placed on, any projections, estimates, forecasts, targets or other forward-looking statements contained herein. None of Eutelsat Communications or OneWeb, their shareholders, subsidiaries, affiliates or associates or their respective directors, officers, employees, representatives or advisers accepts any responsibility or liability whatsoever (whether directly, indirectly or consequential, in contract, tort or otherwise) for or makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this announcement, or otherwise made available, nor as to the reasonableness of any assumption contained herein or therein, and any liability therefor is expressly disclaimed. Eutelsat Communications expressly disclaim any obligation or undertaking to update or revise any projections, forecasts or estimates or other forward-looking statements contained in this announcement to reflect any change in events, conditions, assumptions or circumstances on which any such statements are based, unless so required by applicable law.

There can be no assurance that that the anticipated benefits of the combination between Eutelsat Communications and OneWeb will be realised.

Any securities referred to in this announcement have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, into or within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There has been and will be no public offering of securities in the United States.

Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided.

In the United Kingdom, this announcement is made only to and directed only at (a) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (b) persons falling within Article 49(2)(a) of the Order or (c) other persons to whom it may otherwise be lawfully communicated (each such person a “relevant person”).
The distribution of this announcement or any information contained in it may be restricted by law in certain jurisdictions, and any person into whose possession any document containing this announcement or any part of it comes should inform themselves about, and observe, any such restrictions. Any failure to comply with applicable requirements may constitute a violation of the laws and/or regulations of any such jurisdiction.