* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
The Reporting Person is a managing director of Goldman, Sachs & Co. ("Goldman Sachs"). Goldman Sachs is a wholly-owned
subsidiary of The Goldman Sachs Group, Inc. ("GS Group"). The Reporting Person disclaims beneficial ownership of the
securities reported herein except to the extent of his pecuniary interest therein, if any. |
(2) |
GS Group and Goldman Sachs may be deemed to beneficially own indirectly 12,806,237 shares of common stock, par value $0.01
per share (the "Common Stock"), of Aeroflex Holding Corp. ("Aeroflex Holding") by reason of the indirect beneficial
ownership of such shares by GS Direct, L.L.C. ("GS Direct"), a wholly-owned subsidiary of GS Group. GS Direct may be deemed
to beneficially own indirectly 12,806,237 shares of Common Stock by reason of the direct beneficial ownership of such shares
by VGG Holding LLC ("VGG"). The membership interests of VGG are held by a private investor group, which includes GS Direct.
GS Direct owns 21.7% of the class A membership interests of VGG. Goldman Sachs serves as the manager of GS Direct. |
(3) |
Concurrently with the consummation of the initial public offering of Aeroflex Holding, VGG will issue class B-1 membership
interests representing an aggregate of 0.3% of the membership interests of VGG to certain members of Aeroflex Holding's
management. Pursuant to the terms of the limited liability company agreement of VGG, the issuance of such class B-1
membership interests will reduce the percentage of the membership interests of VGG held by the holders of class A membership
interests in VGG on a pro rata basis. Following such reduction and the consummation of Aeroflex Holding's initial public
offering, GS Direct will indirectly beneficially own 12,764,010 shares of Common Stock of Aeroflex Holding that are held by
VGG. |