Institutional Shareholder Services Recommends That Alignvest Acquisition Corporation Shareholders Vote for the Arrangement With Trilogy International Partners LLC - Seite 2

The Acquisition

On November 1, 2016, AQX announced that it had entered into a definitive arrangement agreement with Trilogy, to effect a business combination by way of a court approved plan of arrangement. Trilogy is a high growth telecommunications company founded and led by a very experienced management team, with operating assets in New Zealand and Bolivia. AQX and Trilogy intend to build a pre-eminent global telecommunications provider with sufficient resources and capital to continue delivering on its stated growth strategy. Both AQX and Trilogy believe that this transaction provides investors with an attractive investment opportunity characterized by an industry-leading, world-class management team with a history of creating significant shareholder value; positive long-term trends in each of the company's operating markets; significant organic and accretive growth opportunities; a clear path to meaningfully reduced balance sheet leverage; and a compelling valuation relative to its peers.

The meeting date to vote on the resolution to approve the acquisition is scheduled for January 24, 2017 at the offices of Stikeman Elliott LLP, 199 Bay Street, Commerce Court West, 53rd Floor, Toronto, Ontario M5L 1B9, at 10:00 a.m. (Toronto time). A notice of meeting and the management information circular relating to the Special Meeting (the "Meeting Materials") have been filed on SEDAR www.sedar.com or on AQX's website at www.alignvestacquisition.com. AQX encourages shareholders to carefully read the Meeting Materials, which contain important information about the transaction, and recommends shareholders VOTE IN FAVOUR of this transformational acquisition.

Voting to approve the acquisition

AQX encourages shareholders to vote as soon as possible, or no later than 10:00 a.m. (Toronto time) on Friday, January 20, 2017 to ensure their vote is counted in time for AQX's Special Meeting, to be held on Tuesday, January 24, 2017 at 10:00 a.m. (Toronto time). We recommend that you vote in the following ways as soon as possible.

Registered Shareholders (Shares that are registered in the name of the shareholders and represented by a physical certificate or through the Direct Registration System) and Non-Registered Shareholders (Shares which are deposited with a bank, a trust, a brokerage firm and held through an Intermediary or clearing agency), should follow the voting instructions provided in the materials received on your form of proxy or voting instruction form.