X0203 3 2011-01-24 0 0001062613 FAIRPOINT COMMUNICATIONS INC FRP 0000860662 ANGELO GORDON & CO LP/NY 245 PARK AVENUE, 26TH FLOOR NEW YORK NY 10167 0 0 1 0 0001064681 ANGELO JOHN M 245 PARK AVENUE, 26TH FLOOR NEW YORK NY 10167 0 0 1 0 Sr. V.P. 0001064682 GORDON MICHAEL L 245 PARK AVENUE, 26TH FLOOR NEW YORK NY 10167 0 0 1 0 Common Stock 4628325 I See Footnote These securities are held for the account of certain private investment funds for which Angelo, Gordon & Co., L.P. ("Angelo, Gordon") acts as investment adviser. John M. Angelo is a managing member of JAMG LLC, which is the general partner of AG Partners, L.P., which is the sole general partner of Angelo, Gordon. Mr. Angelo serves as the chief executive officer of Angelo, Gordon. Michael L. Gordon is the other managing member of JAMG LLC and is the chief operating officer of Angelo, Gordon. The filing of this statement shall not be deemed an admission that any of the Reporting Persons are the beneficial owner of any securities not held directly for its account for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. /s/ Kirk Wickman, as Attorney-in-Fact of JAMG LLC, General Partner of AG Partners, L.P., General Partner of Angelo, Gordon & Co., L.P. 2011-02-03 /s/ Kirk Wickman, as Attorney-in-Fact of John M. Angelo 2011-02-03 /s/ Kirk Wickman, as Attorney-in-Fact of Michael L. Gordon 2011-02-03