Attachment Exhibit E SES-T/C-20190128-00007

Attachment Exhibit E

This document pretains to SES-T/C-20190128-00007 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2019012800007_1611977

FCC Form 312
Pro Forma Transfer of Control of Earth Station Licensee
Question A.20

EXHIBIT E
Pre- and Post-Reorganization Ownership Structure

A brief summary is provided in Exhibit F of the reason for and the result of the pro forma
transfer of control of the earth station licensee that is the subject of this application (“Licensee”).
Namely, the reorganization replaced one United Kingdom (“U.K.”) entity (Inmarsat Ventures
Ltd.) with a new U.K. entity (Inmarsat New Ventures Ltd.) in the middle of Licensee’s
ownership chain, resulting in no change whatsoever in the ultimate ownership and control of the
Licensee.

Under the reorganized ownership chain, Licensee is directly owned 100 percent by U.S.-
organized Inmarsat Group Holdings, Inc. (“IGHI”) IGHI is directly owned 100 percent by
U.K.-organized Inmarsat Solutions Ltd., which is a wholly-owned subsidiary of U.K.-organized
Inmarsat Finance III Ltd. (“Finance III”). In turn, Finance III is a wholly-owned subsidiary of
U.K.-organized Inmarsat New Ventures Ltd., the new entity that replaced Inmarsat Ventures Ltd.
in Licensee’s ownership chain. Inmarsat New Ventures Ltd. is a wholly-owned subsidiary of
U.K.-organized Inmarsat Investments Ltd., which is a wholly-owned subsidiary of U.K.-
organized Inmarsat Group Ltd., which is a wholly-owned subsidiary of U.K.-organized Inmarsat
Holdings Ltd., which is a wholly-owned subsidiary of the ultimate parent corporation Inmarsat
plc (“Inmarsat”). The ownership structure of Licensee before and after the pro forma transfer of
control is depicted on the attached diagrams.

The following entities or individuals hold ten percent or greater interests in Inmarsat plc,
and indirectly in the Licensee:

• Lansdowne Partners Limited (“Lansdowne”) (11.53% as of December 31, 2018,
aggregate voting power held through management of various Lansdowne
investment funds). Lansdowne was formed under the laws of England and Wales.

No other person or entity directly or indirectly holds a ten percent or greater ownership
interest in the Licensee.

The address, citizenship, and primary business for the interest holders disclosed above are
listed in the table below:

Inmarsat plc Inmarsat Holdings Limited Inmarsat Group Limited
99 City Road 99 City Road 99 City Road
London, United Kingdom London, United Kingdom London, United Kingdom
EC1Y 1AX EC1Y 1AX EC1Y 1AX
Citizenship: United Kingdom Citizenship: United Kingdom Citizenship: United Kingdom
Primary business: Telecom Primary business: Holding Primary business: Provider of
Company global mobile satellite
communications services
Inmarsat Investments Limited Inmarsat New Ventures Inmarsat Finance III Limited
99 City Road Limited 99 City Road
London, United Kingdom 99 City Road London, United Kingdom
EC1Y 1AX London, United Kingdom EC1Y 1AX
Citizenship: United Kingdom EC1Y 1AX Citizenship: United Kingdom
Primary business: Provider of Citizenship: England and Wales Primary business: Financing,
global mobile satellite Primary business: Holding predominantly through inter-
communications services Company company loans of various
investments
Inmarsat Solutions Limited Inmarsat Group Holdings Inc. Landsdowne Partners Limited
99 City Road 1101 Connecticut Avenue, NW 15 Davies Street
London, United Kingdom Suite 1200 London, United Kingdom
EC1Y 1AX Washington, DC 20036 W1K 3AG
Citizenship: England and Wales Citizenship: United States Citizenship: United Kingdom
Primary business: Holding Primary business: Holding Primary business: Investment
Company Company

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Document Created: 2019-01-28 12:07:09
Document Modified: 2019-01-28 12:07:09

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