TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

FR0010221234

Issuer Name

EUTELSAT COMMUNICATIONS

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Caisse des Dépôts

City of registered office (if applicable)

Paris

Country of registered office (if applicable)

France

4. Details of the shareholder

Name

City of registered office

Country of registered office

Bpifrance Participations

Maisons-Alfort

France

5. Date on which the threshold was crossed or reached

30-Jun-2025

6. Date on which Issuer notified

03-Jul-2025

7. Total positions of person(s) subject to the notification obligation

.

% of voting rights attached to shares (total of 8.A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached

0.003081

0.000000

0.003081

14632

Position of previous notification (if applicable)

 

 

 

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

FR0010221234

0

14632

0.000000

0.003081

Sub Total 8.A

14632

0.003081%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument

Expiration date

Exercise/conversion period

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

 

 

 

 

 

Sub Total 8.B1

 

 

 

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights

 

 

 

 

 

 

Sub Total 8.B2

 

 

 

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person

Name of controlled undertaking

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Caisse des Dépôts

Bpifrance Participations

0.000000

0.000000

0.000000%

Caisse des Dépôts

CNP Assurances

0.003081

0.000000

0.003081%

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

The entire issued share capital of Eutelsat Communications (ISIN FR0010221234) was admitted on 29 September 2023 to the Standard Segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange (LSE) under the ticker symbol: ETL.

Before the triggering transaction which is referred to hereinbelow, Bpifrance Participations held 64,586,426 shares in Eutelsat Communication which represented 13.59% of its share capital and 13.61% of its voting rights and CNP Assurances held 14,632 shares in Eutelsat Communication which represented 0.003 % of its share capital and 0.003% of its voting rights (computed in accordance with DTR 5.8.8.R).

On 30 June 2025, Bpifrance Participations entered into a share transfer agreement (contrat de cession d’actions) with the French Government pursuant to which Bpifrance Participations sold to the French Government all its shares in Eutelsat Communications through an off market block sale.

For CDC, the result situation on the date the threshold was crossed is 14,632 shares held indirectly through CNP Assurances.

Bpifrance Participations is 100% controlled by Bpifrance SA, which in turn is 49.2% jointly controlled by Bpifrance (Etablissement public industriel et commercial - i.e. the entity which is filing this TR-1 form) and 49.2% by the French Caisse des Dépôts.

CNP Assurances SA is held by CNP Assurances Holding which is held by La Banque Postale which is held by La Poste which is majority held by CDC.

12. Date of Completion

13. Place Of Completion

Paris

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