16.06.2016 19:54:00

Eutelsat S.A. successful 5-year bond issuance

Regulatory News:

Eutelsat Communications (Paris:ETL) (NYSE Euronext Paris: ETL) today announced the successful issue by Eutelsat S.A. of 5-year senior unsecured bonds (the "Bonds”) for a total of €500 million.

Eutelsat has taken advantage of the current competitive market environment to raise long-term financing with a 5-year maturity at attractive conditions. The transaction was well received by a diversified investor base and was significantly over-subscribed, demonstrating the market’s confidence in Eutelsat’s long-term business model.

The Bonds will be issued at 99.894 percent and, at maturity, will be redeemed at 100 percent of their principal amount. They will have a coupon of 1.125 percent per annum and will be cleared through Euroclear France, Clearstream and Euroclear. An application will be made for the Bonds to be listed on the Official List and admitted to trading on the regulated market of the Luxembourg Stock Exchange. The Bonds will mature on 23 June 2021. Delivery and settlement are expected on 23 June 2016.

Together with other sources of cash on its balance sheet the Bonds will enable Eutelsat to redeem at maturity the outstanding Bonds issued on 26 March 2010 for a total principal amount of €850 million, bearing interest on its principal amount at a fixed rate of 4.125 percent.

As a result of this operation Eutelsat will extend its debt maturity profile and will reduce its financial charges by circa €30 million before tax on an annualised basis from March 2017 onwards.

Global Coordinator: Société Générale

Joint-bookrunners: Banca IMI S.p.A., HSBC, SMBC Nikko and Société Générale

Co-lead managers: Landesbank Hessen-Thüringen Girozentrale

 

About the Bonds:

Issuer: Eutelsat S.A.

Amount: €500 million

Coupon: 1.125 percent

Maturity: 23 June 2021

Settlement Date: 23 June 2016

Market: Official List and Regulated Market of the Luxembourg Stock Exchange

About Eutelsat Communications

Established in 1977, Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is one of the world's leading and most experienced operators of communications satellites. The company provides capacity on 39 satellites to clients that include broadcasters and broadcasting associations, pay-TV operators, video, data and Internet service providers, enterprises and government agencies. Eutelsat’s satellites provide ubiquitous coverage of Europe, the Middle East, Africa, Asia-Pacific and the Americas, enabling video, data, broadband and government communications to be established irrespective of a user’s location. Headquartered in Paris, with offices and teleports around the globe, Eutelsat represents a workforce of 1,000 men and women from 37 countries who are experts in their fields and work with clients to deliver the highest quality of service.

For more about Eutelsat please visit www.eutelsat.com

Not for distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions.

France

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for securities in France. This document shall not be construed as an offer to the public as defined under article L.411-1 of the French Code monétaire et financier, to the extent that the Bonds will have a denomination of €100,000 and will only be offered to (i) providers of investment services relating to portfolio management for the account of third parties (personnes fournissant le service d'investissement de gestion de portefeuille pour compte de tiers), and/or (ii) qualified investors (investisseurs qualifiés) acting for their own account as defined in, and in accordance with Articles L. 411-1, L.411-2 and D.411-1 of the French Code monétaire et financier.

United States

Neither this document nor any copy of it maybe taken, transmitted or distributed, directly or indirectly, in or into the United States its territories or possessions or to any US person (as defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act”)). This document does not constitute or form part of any offer or solicitation of an offer to purchase or subscribe for securities in the United States. The Bonds may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act The Bonds have not been and will not be registered under the U.S. Securities Act and Eutelsat S.A. does not intend to make a public offer of the Bonds in the United States. Any failure to comply with these restrictions may constitute a violation of United States securities law and other applicable laws.

United Kingdom

This document is distributed only to, and is directed only at persons who (i) 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 , as amended (the "Order"), (ii) fall within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc") of the Order, or (iii) are outside the United Kingdom and to whom it may otherwise lawfully be communicated, (all such persons together being referred to as "relevant persons"). Neither this document nor any of its contents must be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available to relevant persons only and will be engaged in only with relevant persons.

Italy

The offering of the Bonds has not been registered pursuant to Italian securities legislation and this document shall not be distributed in the Republic of Italy (Italy) except (i) to qualified investors (investitori qualificati), pursuant to Article 100 of Legislative Decree No. 58 of 24 February 1998 (the Consolidated Financial Services Act) and Article 34-ter, paragraph 1, letter (b) of CONSOB regulation No. 11971 of 14 May 1999 (the CONSOB Regulation), all as amended and restated from time to time or (ii) in any other circumstances where an express exemption from compliance with the restrictions on offers to the public applies, as provided under Article 100 of the Consolidated Financial Services Act and Article 34-ter of the CONSOB Regulation No. 11971, in each case in compliance with Italian law and regulations or requirement imposed by CONSOB or any other Italian authority. 2

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