1 December 2016

                                    NEP GROUP, INC.                                

                                 CREDIT RATINGS UPDATE                             

    On 17 November 2016, NEP Group, Inc. ("NEP") and Avesco Group plc ("Avesco")
    announced that they had reached agreement on the terms of a recommended cash
    acquisition by which the entire issued share capital of Avesco will be acquired
    by NEP or a NEP Subsidiary (the "Acquisition").  The Acquisition will be
    effected by means of a Court-sanctioned scheme of arrangement under Part 26 of
    the Companies Act 2006 (the "Scheme").  Further to that announcement, on 23
    November 2016, Avesco published a circular to its shareholders in connection
    with the Scheme (the "Scheme Document").

    NEP now advises that, following the posting of the Scheme Document, Moody's
    Investment Service ("Moody's") and Standard and Poor's Rating Services ("S&P")
    have updated their ratings of NEP and assigned new ratings to the proposed €
    270m first lien term loan to be issued by NEP Europe Finco B.V., a subsidiary
    of NEP (to be used in part to finance the Acquisition).

    S&P has reaffirmed NEP's B credit rating (previously B) and maintains a
    negative rating outlook.  In addition, a B+ issue-level rating and 2 recovery
    rating has been assigned to the proposed €270m first lien term loan facility.

    Moody's has reaffirmed NEP's B2 Corporate Family Credit rating (previously B2)
    and revises the rating outlook to negative from stable.  In addition, a B1
    rating has been assigned to the proposed €270m first lien term loan.

    The full reports are available to view on NEP's website at http://
    www.nepinc.com/

    Terms and expressions used in this announcement shall, unless the context
    otherwise requires, have the same meanings as given to them in the Scheme
    Document.

    Enquiries

    NEP                                             +1 800 444 0054              
    Kevin Rabbitt, Chief Executive Officer                                       
    Gerry Delon, Chief Financial Officer                                         
                                                                                 
                                                                                 
    Barclays Bank PLC, acting through its           +44 (0)20 7623 2323          
    Investment Bank (Financial Adviser to NEP)                                   
    Scott Wisniewski                                                             
    James Colburn                                                                

    Further information

    This announcement is not intended to and does not constitute, or form part of,
    an offer, invitation or the solicitation of an offer to purchase, otherwise
    acquire, subscribe for, sell or otherwise dispose of any securities, or the
    solicitation of any vote or approval in any jurisdiction, pursuant to the
    Acquisition or otherwise, nor shall there be any sale, issuance or transfer of
    securities of Avesco in any jurisdiction in contravention of applicable law.
    The Scheme Document contains the full terms and conditions of the Acquisition
    including details of how to vote in respect of the Scheme. Any vote in respect
    of the Scheme or other response in relation to the Acquisition should be made
    only on the basis of the information contained in the Scheme Document.

    Barclays Bank PLC (acting through its Investment Bank) ("Barclays"), which is
    authorised by the Prudential Regulation Authority and regulated in the United
    Kingdom by the Financial Conduct Authority and the Prudential Regulation
    Authority, is acting exclusively for NEP and no one else in connection with the
    Acquisition and will not be responsible to anyone other than NEP for providing
    the protections afforded to clients of Barclays nor for providing advice in
    relation to the Acquisition or any other matter referred to in this
    announcement.

    Overseas jurisdictions

    The availability of the Acquisition to Avesco Shareholders who are not resident
    in and citizens of the UK may be affected by the laws of the relevant
    jurisdictions in which they are located or of which they are citizens. Persons
    who are not resident in the UK should inform themselves of, and observe, any
    applicable legal or regulatory requirements of their jurisdictions. Further
    details in relation to overseas shareholders will be contained in the Scheme
    Document.

    The release, publication or distribution of this announcement in or into
    jurisdictions other than the UK may be restricted by law and therefore any
    persons who are subject to the law of any jurisdiction other than the UK should
    inform themselves about, and observe, any applicable requirements. Any failure
    to comply with the applicable restrictions may constitute a violation of the
    securities laws of any such jurisdiction. To the fullest extent permitted by
    applicable law, the companies and persons involved in the Acquisition disclaim
    any responsibility or liability for the violation of such restrictions by any
    person. This announcement has been prepared for the purposes of complying with
    English law, the AIM Rules, the rules of the London Stock Exchange and the Code
    and the information disclosed may not be the same as that which would have been
    disclosed if this announcement had been prepared in accordance with the laws of
    jurisdictions outside of England.

    Copies of this announcement and the formal documentation relating to the Scheme
    and the Acquisition will not be, and must not be, mailed or otherwise
    forwarded, distributed or sent in, into or from any jurisdiction where to do so
    would violate the laws of that jurisdiction.

    US Holders should note that the Acquisition relates to the securities of a UK
    company, is subject to UK disclosure requirements (which are different from
    those of the US) and is proposed to be implemented under a scheme of
    arrangement provided for under English company law. A transaction effected by
    means of a scheme of arrangement is not subject to the tender offer rules under
    the US Exchange Act. Accordingly, the Scheme will be subject to UK disclosure
    requirements and practices, which are different from the disclosure
    requirements of the US tender offer and proxy solicitation rules. The financial
    information included in this announcement and the Scheme documentation has been
    or will have been prepared in accordance with IFRS and thus may not be
    comparable to financial information of US companies or companies whose
    financial statements are prepared in accordance with generally accepted
    accounting principles in the US. If NEP exercises its right to implement the
    Acquisition of the Avesco Shares by way of a takeover offer, such offer will be
    made in compliance with applicable US tender offer and securities laws and
    regulations.

    The receipt of cash pursuant to the Acquisition by a US Holder as consideration
    for the transfer of its Scheme Shares pursuant to the Scheme may be a taxable
    transaction for US federal income tax purposes and under applicable US state
    and local, as well as foreign and other, tax laws. Each Avesco Shareholder is
    urged to consult his independent professional adviser immediately regarding the
    tax consequences of the Acquisition applicable to him.

    It may be difficult for US Holders to enforce their rights and claims arising
    out of the US federal securities laws, since Avesco is located outside the US,
    and some or all of its officers and directors may be residents of countries
    other than the US. US Holders may not be able to sue a non-US company or its
    officers or directors in a non-US court for violations of US securities laws.
    Further, it may be difficult to compel a non-US company and its affiliates to
    subject themselves to a US court's judgement.

    In accordance with the Code, normal United Kingdom market practice and Rule
    14e-5(b) of the US Exchange Act, NEP or its nominees or its brokers (acting as
    agents) may from time to time make certain purchases of, or arrangements to
    purchase, Avesco Shares outside of the United States, other than pursuant to
    the Acquisition, until the date on which the Acquisition and/or Scheme becomes
    effective, lapses or is otherwise withdrawn. In addition, in accordance with
    the Code, normal United Kingdom market practice and Rule 14e-5(b) of the US
    Exchange Act, Barclays and its affiliates will continue to act as exempt
    principal trader in Avesco securities on the London Stock Exchange. These
    purchases and activities by exempt principal traders which are required to be
    made public in the United Kingdom pursuant to the Code will be reported to a
    Regulatory Information Service and will be available on the London Stock
    Exchange website at www.londonstockexchange.com. This information will also be
    publicly disclosed in the United States to the extent that such information is
    made public in the United Kingdom.

    Dealing disclosure requirements

    Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of
    any class of relevant securities of an offeree company or of any securities
    exchange offeror (being any offeror other than an offeror in respect of which
    it has been announced that its offer is, or is likely to be, solely in cash)
    must make an Opening Position Disclosure following the commencement of the
    offer period and, if later, following the announcement in which any securities
    exchange offeror is first identified.

    An Opening Position Disclosure must contain details of the person's interests
    and short positions in, and rights to subscribe for, any relevant securities of
    each of (i) the offeree company and (ii) any securities exchange offeror(s). An
    Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be
    made by no later than 3.30 pm (London time) on the 10th Business Day following
    the commencement of the offer period and, if appropriate, by no later than 3.30
    pm (London time) on the 10th Business Day following the announcement in which
    any securities exchange offeror is first identified. Relevant persons who deal
    in the relevant securities of the offeree company or of a securities exchange
    offeror prior to the deadline for making an Opening Position Disclosure must
    instead make a Dealing Disclosure.

    Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%
    or more of any class of relevant securities of the offeree company or of any
    securities exchange offeror must make a Dealing Disclosure if the person deals
    in any relevant securities of the offeree company or of any securities exchange
    offeror. A Dealing Disclosure must contain details of the dealing concerned and
    of the person's interests and short positions in, and rights to subscribe for,
    any relevant securities of each of (i) the offeree company and (ii) any
    securities exchange offeror(s), save to the extent that these details have
    previously been disclosed under Rule 8. A Dealing Disclosure by a person to
    whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on
    the Business Day following the date of the relevant dealing.

    If two or more persons act together pursuant to an agreement or understanding,
    whether formal or informal, to acquire or control an interest in relevant
    securities of an offeree company or a securities exchange offeror, they will be
    deemed to be a single person for the purpose of Rule 8.3.

    Opening Position Disclosures must also be made by the offeree company and by
    any offeror and Dealing Disclosures must also be made by the offeree company,
    by any offeror and by any persons acting in concert with any of them (see Rules
    8.1, 8.2 and 8.4).

    Details of the offeree and offeror companies in respect of whose relevant
    securities Opening Position Disclosures and Dealing Disclosures must be made
    can be found in the Disclosure Table on the Takeover Panel's website at
    www.thetakeoverpanel.org.uk, including details of the number of relevant
    securities in issue, when the offer period commenced and when any offeror was
    first identified. You should contact the Panel's Market Surveillance Unit on
    +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to
    make an Opening Position Disclosure or a Dealing Disclosure.

    Publication on website

    A copy of this announcement will be made available, subject to certain
    restrictions relating to persons resident in Restricted Jurisdictions, on NEP's
    website at http://www.nepinc.com and Avesco's website at http://www.avesco.com
    by no later than 12 noon (London time) on the Business Day following this
    announcement. For the avoidance of doubt, the contents of these websites are
    not incorporated by reference and do not form part of this announcement.

    Requesting hard copy documents

    In accordance with Rule 30.3 of the Code, a person so entitled may request a
    hard copy of this announcement by contacting the Communications Director of NEP
    during business hours on +1 412 423 1339 or by submitting a request in writing
    to the Communications Director of NEP at press@nepinc.com. For persons who
    receive a copy of this announcement in electronic form or via a website
    notification, a hard copy of this announcement will not be sent unless so
    requested. You may also request that all future documents, announcements and
    information to be sent to you in relation to the Acquisition should be in hard
    copy form.