4iG Public Limited Company (4iG) hereby informs the participants of the capital market that today a binding Memorandum of Understanding (MoU) of high importance was signed between 4iG Space and Defense Technologies Private Limited Company (4iG S&D) - a member of 4iG Group - and Eutelsat SA connected to frequency usage rights and orbital positions affecting the performance of the HUSAT program.

The HUSAT program is the largest satellite program in Hungary and the CEE region which is initiated and financed by the private sector. The 4iG S&D plans to launch one geostationary telecommunication satellite (HUGEO) and eight low Earth orbit VHR Earth observation satellites (HULEO) in the framework of the HUSAT program by 2032 and operate them during their lifetime. The HULEO constellation will consist of six electro-optical satellites (HUEOP) and two synthetic aperture radar satellites (HUSAR).

The Parties agree to treat the orbital position and the frequency rights leased by Eutelsat SA to 4iG S&D and covered by the Memorandum of Understanding as confidential, but at the same time, 4iG S&D confirms with this announcement that the MoU contributes significantly to the successful operation of the HUSAT program.

Eutelsat SA is a leading multi orbit satellite operator which operates its own satellites with a track record of more than forty years in operating a fleet of satellites – currently 34 telecommunications satellites in GEO and approximately 600 in LEO - and it manages orbital rights and frequencies in cooperation with international and French regulatory authorities.