Updated Revenue Objectives and Growth Capacity

SATELLITE PROGRAMME CAPEX PROFILE TYPICAL TIMING OF CAPEX PAYMENTS EUTELSAT BREAKDOWN OF CAPEX Satellite 50.0% Other 6.0% O Insurance 10% Launcher 34% 30% YEAR 1 30% YEAR 2 40% YEAR 3 Capex generally split equally over three years prior to launch Insurance paid in year three 63

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