ASOF II Frontier Holdings 1 L.P. - 13 Mar 2023 Form 3 Insider Report for Frontier Communications Parent, Inc. (FYBR)

Footnote F1

This statement is being filed jointly by ASOF II Frontier Holdings 1 L.P. ("ASOF II Frontier Holdings 1"), ASOF II Frontier Holdings 2 L.P. ("ASOF II Frontier Holdings 2"), ASOF II Frontier Holdings 3 L.P. ("ASOF II Frontier Holdings 3"), ASOF II Frontier Holdings 4 L.P. ("ASOF II Frontier Holdings 4"), ASOF II Frontier Holdings 5 L.P. ("ASOF II Frontier Holdings 5"), ASOF II Frontier Holdings 6 L.P. ("ASOF II Frontier Holdings 6"), ASOF II Frontier Holdings 7 L.P. ("ASOF II Frontier Holdings 7"), (continued in next footnote)

Footnote F2

ASOF II A (DE) Frontier Holdings 1 L.P. ("ASOF II A (DE) Frontier Holdings 1") and ASOF II A (DE) Frontier Holdings 2 L.P. ("ASOF II A (DE) Frontier Holdings 2," and together with ASOF II Frontier Holdings 1, ASOF II Frontier Holdings 2, ASOF II Frontier Holdings 3, ASOF II Frontier Holdings 4, ASOF II Frontier Holdings 5, ASOF II Frontier Holdings 6, ASOF II Frontier Holdings 7 and ASOF II A (DE) Frontier Holdings 1, the "Reporting Persons").

Footnote F3

The Reporting Persons directly beneficially own, or may be deemed to beneficially own, in the aggregate 168,692 shares of Common Stock as follows: (i) ASOF II Frontier Holdings 1 owns 107,916 shares of Common Stock; (ii) ASOF II Frontier Holdings 2 owns 5,201 shares of Common Stock; (iii) ASOF II Frontier Holdings 3 owns 5,793 shares of Common Stock; (iv) ASOF II Frontier Holdings 4 owns 5,615 shares of Common Stock; (v) ASOF II Frontier Holdings 5 owns 5,562 shares of Common Stock; (vi) ASOF II Frontier Holdings 6 owns 5,894 shares of Common Stock; (vii) ASOF II Frontier Holdings 7 owns 5,909 shares of Common Stock; (viii) ASOF II A (DE) Frontier Holdings 1 owns 25,851 shares of Common Stock and (ix) ASOF II A (DE) Frontier Holdings 2 owns 951 shares of Common Stock.

Footnote F4

The Reporting Persons are affiliates of the following persons: ACOF VI Frontier AIV A1, L.P. ("ACOF VI Frontier AIV A1"), ACOF VI Frontier AIV A2, L.P. ("ACOF VI Frontier AIV A2"), ACOF VI Frontier AIV A3, L.P. ("ACOF VI Frontier AIV A3"), ACOF VI Frontier AIV A4, L.P. ("ACOF VI Frontier AIV A4"), ACOF VI Frontier AIV A5, L.P. ("ACOF VI Frontier AIV A5"), ACOF VI Frontier AIV A6, L.P. ("ACOF VI Frontier AIV A6"), ACOF VI Frontier AIV A7, L.P. ("ACOF VI Frontier AIV A7"), ACOF VI Frontier AIV A8, L.P. ("ACOF VI Frontier AIV A8"), ACOF VI Frontier AIV A9, L.P. ("ACOF VI Frontier AIV A9"), ACOF VI Frontier AIV A10, L.P. ("ACOF VI Frontier AIV A10") and (continued in next footnote)

Footnote F5

ACOF VI Frontier AIV B1, L.P. ("ACOF VI Frontier AIV B1", together with ACOF VI Frontier AIV A1, ACOF VI Frontier AIV A2, ACOF VI Frontier AIV A3, ACOF VI Frontier AIV A4, ACOF VI Frontier AIV A5, ACOF VI Frontier AIV A6, ACOF VI Frontier AIV A7, ACOF VI Frontier AIV A8, ACOF VI Frontier AIV A9 and ACOF VI Frontier AIV A10, the "ACOF Funds"), (continued in next footnote)

Footnote F6

ASOF Frontier AIV A1, L.P. ("ASOF Frontier AIV A1"), ASOF Frontier AIV A2, L.P. ("ASOF Frontier AIV A2"), ASOF Frontier AIV A3, L.P. ("ASOF Frontier AIV A3"), ASOF Frontier AIV A4, L.P. ("ASOF Frontier AIV A4"), ASOF Frontier AIV A5, L.P. ("ASOF Frontier AIV A5"), ASOF Frontier AIV A6, L.P. ("ASOF Frontier AIV A6"), ASOF Frontier AIV A7, L.P. ("ASOF Frontier AIV A7"), ASOF Frontier AIV A8, L.P. ("ASOF Frontier AIV A8"), ASOF Frontier AIV A9, L.P. ("ASOF Frontier AIV A9"), ASOF Frontier AIV A10, L.P. ("ASOF Frontier AIV A10"), ASOF Frontier AIV A11, L.P. ("ASOF Frontier AIV A11"), and (continued in next footnote)

Footnote F7

ASOF Frontier AIV B1, L.P. ("ASOF Frontier AIV B1", together with ASOF Frontier AIV A1, ASOF Frontier AIV A2, ASOF Frontier AIV A3, ASOF Frontier AIV A4, ASOF Frontier AIV A5, ASOF Frontier AIV A6, ASOF Frontier AIV A7, ASOF Frontier AIV A8, ASOF Frontier AIV A9, ASOF Frontier AIV A10, ASOF Frontier AIV A11 and the Reporting Persons, the "ASOF Funds"), ASSF IV AIV B Holdings III, L.P. ("ASSF IV AIV B Holdings III"), ASSF IV AIV B, L.P. ("ASSF IV AIV B", and together with ASSF IV AIV B Holdings III, the "ASSF Funds", and together with the ACOF Funds, and the ASOF Funds, the "Ares Direct Holders"), (continued in next footnote)

Footnote F8

ACOF Investment Management LLC ("ACOF Investment Management"), ASOF Investment Management LLC ("ASOF Investment Management"), ASSF Operating Manager IV, L.P. ("ASSF Operating Manager IV"), Ares Management LLC, Ares Management Holdings L.P. ("Ares Management Holdings"), Ares Holdco LLC ("Ares Holdco"), Ares Management Corporation ("Ares Management"), Ares Voting LLC ("Ares Voting"), Ares Management GP LLC ("Ares Management GP") and Ares Partners Holdco LLC ("Ares Partners"). As of March 13, 2023, the Reporting Persons and these affiliates collectively beneficially own, or may be deemed to beneficially own, in the aggregate 35,373,824 shares of Common Stock.

Footnote F9

Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the sole member of ACOF Investment Management, which is the manager of the ACOF Funds, (b) the sole member of ASOF Investment Management, which is the manager of the ASOF Funds; and (c) the general partner of ASSF Operating Manager IV, which is the manager of the ASSF Funds.

Footnote F10

Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions.

Footnote F11

Each of the Ares Direct Holders and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 3 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.