Court Sanction Scheme of Arrangement

THIS ANNOUNCEMENT AND THE INFORMATION IT CONTAINS IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

For immediate release

26 March 2018

Avanti Communications Group PLC

Court Sanction Scheme of Arrangement

Avanti Communications Group PLC (AIM: AVN) ("Avanti" or the "Company") today announces that the High Court of England and Wales has sanctioned the scheme of arrangement (the "Scheme") proposed by the Company in connection with its financial restructuring and which received approval from 100% of the holders of the Company's 12%/17.5% senior secured notes due 2023 (the "2023 Notes") ("Scheme Creditors").

Completion of Avanti's financial restructuring remains conditional upon the satisfaction of a number of conditions precedent, including the approval of certain resolutions by the Company's shareholders at a general meeting of the Company (the "General Meeting") expected to be held during April 2018 required to approve, among other things, the issue and allotment of the ordinary shares to satisfy the debt for equity swap provided for in the Scheme and also an order of the U.S. Bankruptcy Court recognising the Scheme as a 'foreign main proceeding' under Chapter 15 of the U.S Bankruptcy Code (the "Recognition Order"). A circular containing, amongst other things, the notice of General Meeting will be published in due course.

Scheme Creditors are reminded that in order to receive their pro rata share in 92.5% of the Company's enlarged issued ordinary share capital following completion of the debt for equity swap under the Scheme on the Restructuring Effective Date, Scheme Creditors who have not already done so must submit a validly completed account holder letter, a copy of which can be downloaded from the Scheme Website https://sites.dfkingltd.com/avanti, to D.F. King, by 5pm (NY time) on 27 March 2018.

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Important Notices

This announcement is for information purposes only and is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

In particular, this announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933. Any securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, and no public offering will be made in the United States.

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