Institutional Shareholder Services Recommends That Alignvest Acquisition Corporation Shareholders Vote for the Arrangement With Trilogy International Partners LLC - Seite 3

Shareholder questions

Shareholder questions or requests for assistance with voting may be directed to D.F. King Canada toll free at 1-800-332-6309 or by email at [e-mail].

Amendment to Notice and Circular: Restricted Share Unit Plan and Continuance

AQX expects to file an amendment (the "Amendment") to its notice of special meeting (the "Notice") and management information circular (the "Circular"), each dated December 22, 2016 relating to the special meeting of AQX shareholders. As such, the Notice and the Circular should be read in conjunction with the Amendment.

The proposed Restricted Share Unit Plan ("RSU Plan") has been amended to ensure that the number of Share Units granted to non-Employee Directors under the Plan, in combination with all other equity awards granted to non-Employee Directors under any other Security Based Compensation Arrangement, shall be limited to the lesser of: (i) a reserve, as a group, of equity awards entitling them to acquire up to 1% of the issued and outstanding Shares; and (ii) an annual equity award value (based on grant date fair value as determined by the Board) of $150,000 per non-Employee Director, provided that the total value (based on grant date fair value as determined by the Board) of stock options issuable to any one non-Employee Director in any one year period shall not exceed $100,000. These amendments are being made to ensure the RSU plan is in closer alignment with the latest corporate governance best practices.

In addition, there has been added to the Circular a Continuance Resolution to approve the continuance of Alignvest from the laws of Ontario to the laws of British Columbia. This is a technical change to provide for the approval of the continuance of the company under the laws of British Columbia by way of a separate special resolution (subject to dissent rights) rather than solely as part of the Arrangement.

* Permission to use quotations in this release was neither sought nor obtained.

About Alignvest Acquisition Corporation

Alignvest Acquisition Corporation is a special purpose acquisition corporation formed for the purpose of effecting an acquisition of one or more businesses or assets, by way of a merger, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination. For more information, see the Circular or visit AQX at www.alignvestacquisition.com.