AVN.L Regulatory News (AVN)

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Avanti Communications Group PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

No

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Solus Alternative Asset Management LP

4. Full name of shareholder(s)  (if different from 3.):iv

Refer to Section 9.

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

May 13, 2014

6. Date on which issuer notified:

May 14, 2014

7. Threshold(s) that is/are crossed orreached: vi, vii

Above 3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Common

(GB00B1VCNQ84)

3,123,731

3,123,731

3,391,158

3.036%

N/A

3.036%

N/A

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

3,391,158

3.036%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

The Solus managed funds which hold the applicable shares are as follows:

Sola Ltd holds 2,866,499 common shares.

Ultra Master Ltd holds 524,659 common shares.

Therefore, the total number of aggregate common shares under control of Solus Alternative Asset Management LP is 3,391,158.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

14. Contact name:

Richard Cosgrove, Chief Compliance Officer

15. Contact telephone number:

1-212-284-4300