Avanti HYLAS 2 Limited

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Press release	Situational Analysis Avanti HYLAS 2 Limited, a wholly-owned subsidiary of London-based Avanti Communications (AIM: AVN), sought senior debt funding from the Export-Import Bank of the United States (“US Ex-Im Bank”) to launch HYLAS 2, a Ka-band satellite providing coverage in the Middle East, Africa, and Eastern Europe. Avanti Communications also raised £86 million of equity through new and existing shareholders and an additional loan to be guaranteed by COFACE, the Export Credit Agency of France. Orbital Sciences Corporation of the US is the chosen contractor for the satellite with additional U.S. suppliers expected to contribute. Arianespace of France is the launch vehicle provider. The HYLAS 2 satellite is expected to launch in the first half of 2012. Fieldstone Role Following a competitive bidding process, acted as exclusive financial advisor to US Ex-Im Bank with respect to the $215.6 million direct loan facility provided by US Ex-Im Bank. Participated in negotiations between US Ex-Im Bank and Avanti Communications and provided assistance on the intercreditor negotiation issues between US Ex-Im Bank and COFACE of France. Performed financial model structuring, due diligence, and sensitivity analyses.

Situational Analysis

Avanti HYLAS 2 Limited, a wholly-owned subsidiary of London-based Avanti Communications (AIM: AVN), sought senior debt funding from the Export-Import Bank of the United States (“US Ex-Im Bank”) to launch HYLAS 2, a Ka-band satellite providing coverage in the Middle East, Africa, and Eastern Europe. Avanti Communications also raised £86 million of equity through new and existing shareholders and an additional loan to be guaranteed by COFACE, the Export Credit Agency of France. Orbital Sciences Corporation of the US is the chosen contractor for the satellite with additional U.S. suppliers expected to contribute. Arianespace of France is the launch vehicle provider. The HYLAS 2 satellite is expected to launch in the first half of 2012.

Fieldstone Role

Following a competitive bidding process, acted as exclusive financial advisor to US Ex-Im Bank with respect to the $215.6 million direct loan facility provided by US Ex-Im Bank.

Participated in negotiations between US Ex-Im Bank and Avanti Communications and provided assistance on the intercreditor negotiation issues between US Ex-Im Bank and COFACE of France.

Performed financial model structuring, due diligence, and sensitivity analyses.