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Appalachian Midstream Partners

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AEC Partners
2701 Kirby Dr.
Houston, TX 77098

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Nothing contained herein constitutes an offer to sell or a solicitation of an offer to purchase any investments or securities of any investment vehicles. Any such offer or solicitation shall be made only pursuant to a confidential offering memorandum relating to such vehicles, which will qualify in its entirety any information set forth herein. The specific companies identified and described above do not represent all of the companies purchased or sold by Avista. No assumption should be made that investments in these companies were or will be profitable.

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Spartan Offshore Drilling

SEA-Vista

Laredo Energy

Laramie Energy II

Hi-Crush Proppants

Ganador

Frontier Drilling

Enduring Resources IV

Empresa Energy

Appalachian Midstream Partners