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Tailwind Two Acquisition Corp. and Terran Orbital Announce March 22, 2022 Extraordinary General Meeting of Shareholders to Approve Business Combination

February 15, 2022

Terran Orbital Corporation and Tailwind Two Acquisition Corp. announced that the extraordinary general meeting of shareholders of Tailwind Two (the “Extraordinary General Meeting”) to approve the pending business combination (the “Business Combination”) between Terran Orbital and Tailwind Two is scheduled to be held on Tuesday, March 22, 2022 at 9:00 a.m. Eastern Time. Holders of Tailwind Two’s Class A ordinary shares and Class B ordinary shares at the close of business on the record date of February 4, 2022 will be entitled to notice of the Extraordinary General Meeting and to vote at the Extraordinary General Meeting.

Tailwind Two filed its definitive proxy statement/prospectus (the “Proxy Statement/Prospectus”) with the U.S. Securities and Exchange Commission (the “SEC”) and has begun to mail it to shareholders on February 14, 2022.

Every shareholder’s vote is important, regardless of the number of shares held. Accordingly, Tailwind Two requests that each shareholder complete, sign, date and return a proxy card (online or by mail) as soon as possible and by no later than 11:59 p.m. Eastern Time on March 21, 2022, to ensure that the shareholder’s shares will be represented at the Extraordinary General Meeting. Shareholders which hold shares in “street name” (i.e. those shareholders whose shares are held of record by a broker, bank or other nominee) should contact their broker, bank or nominee to ensure that their shares are voted.

The closing of the Business Combination, the listing of Terran Orbital and the first day of trading on NYSE under the ticker symbol “LLAP” are expected during the first quarter of 2022, subject to customary approvals and conditions, including the Tailwind Two shareholders’ approval of the Business Combination at the Extraordinary General Meeting.

“We are pleased to have achieved this milestone in the transaction process and announce a date for the Extraordinary General Meeting of Tailwind Two’s shareholders,” said Philip Krim, Chairman of Tailwind Two. “As a public company, Terran Orbital will give investors a unique opportunity to invest against a thesis of growing demand for small satellites.”

“As we take this next step, we are in an ideal position to meet the skyrocketing demand from governments and corporations for small satellites in low earth orbit,” said Marc Bell, Co-Founder, Chairman, and CEO of Terran Orbital. “We are industrializing the small satellite industry, mass producing small satellites at a large scale. Additionally, our earth observation constellation will enable us to deliver images of any geography on earth, day and night, through clouds, dust, and other visual obstructions, within minutes. It’s a game changer.”