Supplement to Pendin

SUPPLEMENT submitted by Colt Group Holdings Limited

Supplement to Application

2019-01-30

This document pretains to ITC-ASG-20181120-00213 for Assignment on a International Telecommunications filing.

IBFS_ITCASG2018112000213_1614528

                                                      FCC File Nos. ITC—ASG—20180709—00131,
                                                                    ITC—ASG—20181120—00213,
                                                                     ITC—T/C—20181211—00225,
                                                                     ITC—STA—20181211—00226

                                   Colt Application Supplement

This supplemental filing is being submitted by Colt Group ("Colt") for two purposes. First,
Pursuant to Section 1.65 of the Commission‘s rules, Colt is providing an update to its corporate
structure that is relevant to the ongoing accuracy of the referenced application. Specifically, the
legal entity, Colt Group S.A., was replaced with a new legal entity, Colt Group Holdings
Limited. Two pro forma transfer of control applications providing the details of this
restructuring have been filed with the Commission on this date, IBFS Submission IDs:
1B2019000171 and 1B2019000172.

Second, this supplemental filing provides additional detail regarding the ownership and control
of Lightning Investors Limited, which wholly owns Colt Group Holdings Limited and previously
wholly owned Colt Group S.A.

As described in Colt‘s previous filing, SHM Lightning Investors LLC owns and controls
approximately 71% of the issued share capital of Lightning Investors Limited, while FIL Limited
directly and indirectly owns and controls approximately 25% of the issued share capital of
Lightning Investors Limited.

SHM Lightning Investors LLC
255 State Street
Boston, Massachusetts 02109
Principal Business: Telecommunications
Holding Company
Jurisdiction of Incorporation: Delaware

SHM Lightning Investors LLC is managed by Star Horizon Management LLC ("Star Horizon"),
which is owned by six trusts, the names, equity percentages, and trustees for which are listed
below.

                 Trust Name            Equity Percentage              Trustee
                                        in Star Horizon
                 SHM Trust 4                   16%              Abigail P. Johnson
                 SHM   Trust   5              19%                 John Remondi
                 SHM   Trust   6              16%             Edward C. Johnson IV
                 SHM   Trust   7             17.33%             Abigail P. Johnson
                 SHM   Trust   8             14.33%            Elizabeth L. Johnson
                 SHM   Trust   9             17.34%           Edward C. Johnson IV

Each of the trusts was organized under and is governed by US law and all of the trustees are U.S.
citizens. Star Horizon is incorporated in Delaware. The directors of Star Horizon, all of whom


are US citizens, are Abigail P. Johnson, Edward C. Johnson IV, John Remondi and B. Lane
MacDonald. The officers of Star Horizon, all of whom are US citizens, are B. Lane MacDonald,
President; Steven F. Schiffman, Chief Financial Officer; Matthew Wick, Vice President and
Treasurer; Eric C. Green, Assistant Treasurer; Christian Yung, Assistant Treasurer; Brian C.
McLain, Secretary; Jay Freeman, Assistant Secretary; Peter D. Stahl, Assistant Secretary.

There are no parties that hold direct or indirect interests of 10% or more in SHM Lightning
Investors LLC. SHM Lightning Investors LLC is owned by officers and senior employees of
FMR LLC (a Delaware limited liability company doing business as Fidelity Investments),
members of their families, including the Johnson Family, and trusts established for their benefit,
none of whom hold direct or indirect interests of 10% or more in SHM Lightning Investors LLC.

FIL Limited
Pembroke Hall
42 Crow Lane
Pembroke
Bermuda HM—19
Principal Business: asset management serving retail, wholesale and institutional
investors Jurisdiction of Incorporation: Bermuda

There are no parties that hold a direct or indirect interest of 40% or more in FIL Limited (and
accordingly no parties indirectly own 10% or more in the applicant through FIL Limited). The
largest holder of FIL Limited‘s outstanding voting stock is Pandanus Partners, L.P.
("Pandanus"), which is incorporated in Delaware. The voting interest of Pandanus in FIL
Limited was 37.51% as of December 31, 2018. The ownership of Pandanus Partners L.P. is
comprised of several entities and trusts for the benefit of descendants of the Johnson Family.
None of these trusts own direct or interest interests that would result in their indirectly owning
10% or more in the applicant. Under the terms of the Pandanus partnership agreement, the
voting of all FIL Limited stock held by Pandanus is exclusively controlled by its general partner,
Pandanus Associates, Inc. ("PAI"), which is incorporated under the laws of Delaware. The
directors of PAI are Abigail P. Johnson, James C. Curvey, and Richard D. Walsh, each of whom
are US citizens. There are no parties that directly or indirectly own 40% or more of the interests
in PAI (and accordingly no parties indirectly own 10% or more in the applicant).

A chart is provided below detailing the above discussed ownership interests in Lightning
Investors Limited.


           SHM       SHM                                                                                      No interest holders exceeding 40%
          Trust 6   Trust 7
           16%      17.33%
                                                                                                                            Pandanus
    SHM               SHM                                                                                                   Associates
   Trust 5           Trust 8                                                                                                   Inc.
                                                                                              Pandanus
    19%               14.33%                                                                 Partners LP          General
                                                                                               37.51%             Partner

 SHM                     SHM             No interest holders exceeding 10%                   vote holder
Trust 4                 Trust 9
                                                                                                            Other interest holders not exceeding 40%
 16%                     17.34%




         Star Horizon                      SHM Lightning Investors LLC                        Fit Limited
       Management LLC          Manager                 71%                                        25%




                                                               Lightning Investors Limited





Document Created: 2019-01-30 13:57:56
Document Modified: 2019-01-30 13:57:56

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