SatRevolution S.A. (“SatRev”
or the “Company”), a Polish developer and manufacturer of nanosatellites and nanosatellite technologies,
yesterday announced that it has secured Series B funding (the “Transaction”) from Virgin Orbit, the US-
based responsive launch and space solutions company that has announced a planned business
combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA). The Transaction values
SatRev at approximately $150 million, and will support SatRev’s business development.

The Transaction, signed yesterday at World Satellite Business Week, follows a strategic partnership
established by SatRev and Virgin Orbit in June this year under which both companies seek to develop
business applications for the use of nanosatellites. SatRev has to date launched two satellites with Virgin
Orbit as part of the LauncherOne Tubular Bells: Part One mission. Two more SatRev satellites are awaiting
launch as part of Virgin Orbit’s Above the Clouds mission launching next month. SatRev and Virgin Orbit
plan to jointly offer up to 500kg of hosted payload services on LauncherOne rockets, turnkey solutions
for rapid deployment of space services, and much more.

SatRev nanosatellite technologies include the Stork medium-resolution earth observation platform and
ScopeSat, a deployable high-resolution telescope with on-board processing capabilities. These
technologies deliver near real-time and high-resolution earth observation capabilities.

“The world needs Earth Observation data with higher revisit rates at more affordable prices, and SatRev
will address that need,” said Grzegorz Zwolinski, co-founder and CEO of SatRev. “After four years
of research and development by multi-disciplinary teams of scientists and engineers, we are ready
to go to market. Our partnership with Virgin Orbit will help us to develop critical relationships with
existing and new customers and to give us speed, momentum and the resilience to deliver over the long

The total addressable global market for weekly mapping services could reach $140 billion by 2026
according to Euroconsult. The key to successfully entering this market lies in the ability to monitor Earth
at a high resolution, at a high frequency and at an accessible price. SatRev and Virgin Orbit intend
to jointly address this market.

“Small satellites are now doing heavy lifting across the space sectors and as the technology has grown globally
SatRev has been moving innovation forward at pace,” said Dan Hart, CEO of Virgin Orbit. “With our continued
collaboration, Virgin Orbit and SatRev will drive capabilities into new markets, enabling applications for Earth  observation and more – applications that yesterday were only dreams. Working together,
we will continue Virgin Orbit’s mission of opening space for good.”

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 SatRevolution

SatRevolution was founded in Poland in 2016 to focus on the emerging space market. With a vertically-
integrated business, the company specializes in the design, manufacture and operation of satellites
as well as data analytics and is building a real-time Earth Observation constellation. Its goal is to become
the largest worldwide operator of EO satellites, delivering 1,024 nanosatellites into Low Earth Orbit
by 2026 to provide round-the-clock Earth Observation. In October 2019, the company established
a consortium with Virgin Orbit and nearly a dozen Polish universities to design and carry out the world’s
first dedicated commercial small satellite mission to Mars. In June 2021, SatRevolution placed two-
satellites,STORK-4andSTORK-5Marta,intoLowEarthOrbit withthelaunchesofSTORK-3andSteamSat-
2 scheduled for December 2021. The company also plans to launch CubeSat, its first Omani nanosatellite
by end 2022. SatRev’s satellites can be used to solve the challenges of resource utilisation and
optimisation across a wide range of issues including precision agriculture, precision agriculture energy
assets monitoring defence & intelligence logistics & transportation infrastructure monitoring. Current
investors include Polish VC funds such as Infini, Newberg, Tech Invest Group and Kvarko (part of the Polish
NCBiR R&D scientific start-up funding programme). To learn more, visit

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

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

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

The documents filed by NextGen with the SEC also may be obtained free of charge at NextGen’s website
at 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.