SatRevolution secures part of Series B funding from Virgin Orbit

SatRev’s current customers and partners include innovators from around the globe, such as SkyWatch,
Spiral Blue, Neumann Space, SkyServe, UP42, AIKO, and many more. In addition, many companies
are currently testing the use of SatRev’s technologies for different uses. SatRev’s current pipeline
of contracts exceeds $50 million and it has already secured a backlog of orders to the value
of approximately $18 million.

The Transaction announced yesterday is expected to complete by the end of the first quarter of 2022.
The total Series B fundraise is estimated to close at $30 million. All existing shareholders and investors
in SatRev will continue to hold their equity, and current SatRev shareholders will remain the majority
owners of the Company at closing.

About Virgin Orbit

Virgin Orbit operates one of the most flexible and responsive space launch systems ever built. Founded
by Sir Richard Branson in 2017, the company began commercial service in 2021, and has already delivered
commercial, civil, national security, and international satellites into orbit. Virgin Orbit’s LauncherOne
rockets are designed and manufactured in Long Beach, California, and are air-launched from a modified
747- 400 carrier aircraft that allows Virgin Orbit to operate from locations all over the world in order
to best serve each customer’s needs. On August 22, 2021, Virgin Orbit entered into a definitive agreement
to combine with NextGen Acquisition Corp. II (NASDAQ: NGCA), a special purpose acquisition company,
which would result in Virgin Orbit becoming a publicly listed company on the Nasdaq Stock Market under
the symbol VORB. To learn more, visit virginorbit.com.

About NextGen Acquisition Corp. II

NextGen Acquisition Corp. II is a blank check company whose business purpose is to effect a merger, share
exchange, asset acquisition, stock purchase, reorganization or similar business combination with one
or more businesses. NextGen is led by George Mattson, a former Partner at Goldman, Sachs & Co., and
Gregory Summe, former Chairman and CEO of Perkin Elmer and Vice Chairman of the Carlyle Group.

NextGen is listed on NASDAQ under the ticker symbol “NGCA.” For more information, please visit
www.nextgenacq.com.

IMPORTANT LEGAL INFORMATION
Additional Information and Where to Find It
This press release relates to a proposed transaction between Vieco USA, Inc. (“Vieco USA”) and NextGen
Acquisition Corp. II (“NextGen”). This press release is not a proxy statement or solicitation of a proxy,
consent or authorization with respect to any securities or in respect of the potential transaction and shall
not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale
of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such state or jurisdiction. In connection with the
proposed transaction, NextGen has filed a registration statement on Form S-4 with the SEC on September
16, 2021, as amended on October 29, 2021, November 23, 2021 and December 3, 2021, which was
declared effective by the SEC on December 7, 2021, which includes a document that serves as a
prospectus and proxy statement of NextGen (the “proxy statement/prospectus”). A definitive proxy
statement/prospectus was mailed to all NextGen shareholders of record as of November 19, 2021, the
record date established for the extraordinary general meeting of shareholders relating to the proposed
transaction on December 28, 2021. NextGen also will file other documents regarding the proposed
transaction with the SEC. This communication does not contain all the information that should be
considered concerning the proposed transaction and is not intended to form the basis of any investment
decision or any other decision in respect of the proposed transaction. Before making any voting or
investment decision, investors and security holders of NextGen are urged to read the registration
statement, the proxy statement/prospectus included therein and all other relevant documents filed or
that will be filed with the SEC in connection with the proposed transaction as they become available
because they will contain important information about the proposed transaction.

Investors and security holders may obtain free copies of the registration statement, the proxy
statement/prospectus included therein and all other relevant documents filed or that will be filed with
the SEC by NextGen through the website maintained by the SEC at www.sec.gov.

The documents filed by NextGen with the SEC also may be obtained free of charge at NextGen’s website
at https://www.nextgenacq.com/nextgen-ii.html or upon written request to 2255 Glades Road, Suite
324A, Boca Raton, Florida 33431.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal
securities laws, including with respect to the proposed transaction between Vieco USA and NextGen.
These forward-looking statements generally are identified by the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,”
“would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking
statements are predictions, projections and other statements about future events that are based on
current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors
could cause actual future events to differ materially from the forward-looking statements in this press
release, including but not limited to: (i) the risk that the transaction may not be completed in a timely
manner or at all, which may adversely affect the price of NextGen’s securities, (ii) the risk that the
transaction may not be completed by NextGen’s business combination deadline and the potential failure
to obtain an extension of the business combination deadline if sought by NextGen, (iii) the failure to satisfy
the conditions to the consummation of the transaction, including the adoption of the Merger Agreement

by the shareholders of NextGen, the availability of the minimum amount of cash available in the trust
account in which substantially all of the proceeds of NextGen’s initial public offering and private
placements of its warrants have been deposited following redemptions by NextGen’s public shareholders
and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation
in determining whether or not to pursue the proposed transaction, (v) the inability to complete the PIPE
investment in connection with the transaction, (vi) the occurrence of any event, change or other
circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the
announcement or pendency of the transaction on Vieco USA’s business relationships, operating results,
and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of
Vieco USA and potential difficulties in Vieco USA employee retention as a result of the transaction, (ix) the
outcome of any legal proceedings that may be instituted against Vieco USA or against NextGen related to
the Merger Agreement or the proposed transaction, (x) the ability to maintain the listing of NextGen’s
securities on a national securities exchange, (xi) the price of NextGen’s securities may be volatile due to a
variety of factors, including changes in the competitive and regulated industries in which NextGen plans
to operate or Vieco USA operates, variations in operating performance across competitors, changes in
laws and regulations affecting NextGen’s or Vieco USA’s business, Vieco USA’s inability to implement its
business plan or meet or exceed its financial projections and changes in the combined capital structure,
(xii) the ability to implement business plans, forecasts, and other expectations after the completion of the
proposed transaction, and identify and realize additional opportunities, (xiii) the ability of Vieco USA to
implement its strategic initiatives and continue to innovate its existing products, (xiv) the ability of Vieco
USA to defend its intellectual property, (xv) the ability of Vieco USA to satisfy regulatory requirements,
(xvi) the impact of the COVID-19 pandemic on Vieco USA’s and the combined company’s business and
(xvii) the risk of downturns in the commercial launch services, satellite and spacecraft industry. The
foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other
risks and uncertainties described in the “Risk Factors” section of NextGen’s registration statement on
Form S-1 (File No. 333-253848), the definitive proxy statement/prospectus filed by NextGen with the SEC
on December 7, 2021 and other documents filed or that may be filed by NextGen from time to time with
the SEC. These filings identify and address other important risks and uncertainties that could cause actual
events and results to differ materially from those contained in the forward-looking statements. Forward-
looking statements speak only as of the date they are made. Readers are cautioned not to put undue
reliance on forward-looking statements, and Vieco USA and NextGen assume no obligation and do not
intend to update or revise these forward-looking statements, whether as a result of new information,
future events, or otherwise. Neither Vieco USA nor NextGen gives any assurance that either Vieco USA or
NextGen, or the combined company, will achieve its expectations.