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Holding(s) in Company
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
Bpifrance
City of registered office (if applicable)
Maisons-Alfort
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 0.000000 0.000000 0.000000 0
Position of previous notification (if applicable) 13,61% 0.000000 13,61% 64,586,426
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 0 0.000000 0.000000
Sub Total 8.A 0 0.000000%
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 % of voting rights
exercised/converted
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
1. Person subject to the notification obligation is not controlled by any
natural person or legal entity and does not control any other undertaking(s)
holding directly or indirectly an interest in the (underlying) issuer.
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 Total of both if it equals or is higher than the notifiable threshold
than the notifiable threshold
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
(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.
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.
12. Date of Completion
13. Place Of Completion
Paris, France.
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