Holders who validly tender (and do not validly withdraw) April 2015 Notes at or prior to 5:00 p.m., New York City time, on April 9, 2013, unless extended (the “April 2015 Notes Early Tender Deadline”), will be eligible to receive the “April 2015 Notes Total Consideration,” which for each $1,000 principal amount of April 2015 Notes validly tendered is equal to $1,141.91, including an early tender premium (the “April 2015 Notes Early Tender Premium”) of $30.00 per $1,000 principal amount of April 2015 Notes. Holders who validly tender (and do not validly withdraw) April 2015 Notes after the April 2015 Notes Early Tender Deadline and prior to the Expiration Date will not be eligible to receive the April 2015 Notes Early Tender Premium, and instead will be eligible to receive only the “April 2015 Notes Offer Consideration,” which for each $1,000 principal amount of April 2015 Notes is equal to the April 2015 Notes Total Consideration less the April 2015 Notes Early Tender Premium.

The consideration payable for each $1,000 principal amount of 2017 Notes will be determined based on a modified “Dutch Auction” procedure. The aggregate principal amount of 2017 Notes to be repurchased by Frontier is limited to the Modified Dutch Auction Cap. Holders who validly tender (and do not validly withdraw) 2017 Notes at or prior to 5:00 p.m., New York City time, on April 9, 2013, unless extended (the “2017 Notes Early Tender Deadline”), will be eligible to receive the applicable “2017 Notes Total Consideration,” including an early tender premium (the “2017 Notes Early Tender Premium”) of $30.00 per $1,000 principal amount of 2017 Notes. Holders who validly tender (and do not validly withdraw) 2017 Notes after the 2017 Notes Early Tender Deadline and prior to the Expiration Date will not be eligible to receive the 2017 Notes Early Tender Premium, and instead will be eligible to receive only the “2017 Notes Offer Consideration,” which for each $1,000 principal amount of 2017 Notes is equal to the 2017 Notes Total Consideration less the 2017 Notes Early Tender Premium. Frontier reserves the right, in its sole discretion, to increase the Modified Dutch Auction Cap for the 2017 Notes subject to compliance with applicable law.

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