LONDON, Dec. 21/BUSINESSWIRE/

Highlights

• £86 MILLION RAISED THROUGH NEW AND EXISTING INSTITUTIONAL INVESTORS


• £194 MILLION DEBT FACILITIES TO BE PROVIDED OR GUARANTEED BY US AND FRENCH EXPORT CREDIT AGENCIES AT RATES BELOW 6%


• SECOND SATELLITE TO LAUNCH IN 2012 TO PROVIDE KA BAND BROADBAND SERVICES IN EUROPE MIDDLE EAST AND AFRICA

Background and details of the Placing

Avanti Communications Group plc (AIM: AVN), (”Avanti” or “the Company”), the broadband satellite operator, is pleased to announce a placing (”Placing”) of 21,500,000 new ordinary shares of 1p each in the Company (”Placing Shares”) to be carried out by Cenkos Securities plc (”Cenkos”) with new and existing institutional investors at a placing price of 400p per ordinary share of 1p each in the Company (”Ordinary Shares”). The Placing, which is conditional, inter alia, more