X0303 4 2009-07-01 1 0001006837 PRIMUS TELECOMMUNICATIONS GROUP INC PRTL 0000005272 AMERICAN INTERNATIONAL GROUP INC 70 PINE STREET NEW YORK NY 10270 0 0 1 1 See Explanations of Responses 0001418691 AIG GSEF Investments, Ltd. UGLAND HOUSE, SOUTH CHURCH STREET GRAND CAYMAN E9 0000 CAYMAN ISLANDS 0 0 1 0 0001418802 AIG GSEF, L.P. UGLAND HOUSE, SOUTH CHURCH STREET GRAND CAYMAN E9 00000 CAYMAN ISLANDS 0 0 1 0 0001095666 AIG GLOBAL SPORTS & ENTERTAINMENT FUND L P UGLAND HOUSE, SOUTH CHURCH STREET GRAND CAYMAN E9 0000 CAYMAN ISLANDS 0 0 1 0 0001044611 AIG GLOBAL EMERGING MARKETS FUND L L C 277 PARK AVENUE NEW YORK NY 10172 0 0 1 0 0001214228 GEM PARALLEL FUND LP 277 PARK AVENUE NEW YORK NY 10172 0 0 1 0 0001417296 AIG Capital CORP 70 PINE STREET NEW YORK NY 10270 0 0 1 0 0001417297 AIG Global Asset Management Holdings Corp. 70 PINE STREET NEW YORK NY 10270 0 0 1 0 0001214101 AIG CAPITAL PARTNERS INC 277 PARK AVENUE NEW YORK NY 10172 0 0 1 0 Common Stock, par value $0.01 per share 2009-07-01 4 J 0 15720008 0.00 D 0 I See Explanation of Responses On March 16, 2009, Primus Telecommunications Group, Inc. and three of its subsidiaries each filed a Chapter 11 case. The Plan of Reorganization (the "Plan") was approved by the Bankruptcy Court on June 12, 2009 and became effective July 1, 2009, whereupon all previously outstanding equity securities were cancelled. Pursuant to the Plan, 7,107,916 shares of the Issuer's common stock held directly by AIG Global Emerging Markets Fund, L.L.C. ("AIGGEM"), a Delaware limited liability company having its principal office at 277 Park Avenue, New York, NY 10172 , were cancelled. In addition, pursuant to the Plan, 752,088 shares of the Issuer's common stock held directly by GEM Parallel Fund, L.P. ("GEM Parallel"), a Delaware limited partnership having its principal office at 277 Park Avenue, New York, NY 10172, were cancelled. Further, pursuant to the Plan, 7,860,004 shares of the Issuer's common stock held directly by AIG Global Sports and Entertainment Fund, L.P. ("AIGGSEF"), a Cayman Islands exempted limited partnership, having its principal office at Ugland House, South church Street, George Town, Grand Cayman, Cayman Islands, were cancelled. Certain of the Reporting Persons may be deemed to constitute a "group" within the meaning of the Securities Exchange Act of 1934, as amended, and the rules promulgated pursuant thereto. Each Reporting Person may have been deemed to beneficially own the shares held directly by AIGGEM, GEM Parallel and AIGGSEF. The shares reported herein represent the entire amount of shares held directly by each of AIGGEM, GEM Parallel and AIGGSEF. AIGGEM, GEM Parallel and AIGGSEF each directly hold shares representing less than 10 percent of the Issuer's common stock. Each Reporting Person disclaims having had pecuniary interest in a portion of the shares reported herein. Each Reporting Person other than AIGGEM, GEM Parallel and AIGGSEF disclaims having had beneficial ownership of the shares previously held directly by each of AIGGEM, GEM Parallel and AIGGSEF except to the extent of their respective pecuniary interest, if any, therein. AIGGEM disclaims having had beneficial ownership of the shares previously held directly by GEM Parallel and AIGGSEF. GEM Parallel disclaims having had beneficial ownership of the shares previously held directly by AIGGEM and AIGGSEF. AIGGSEF disclaims having had beneficial ownership of the shares previously held directly by AIGGEM and GEM Parallel. The reporting of the shares reported herein shall not be deemed an admission of previous beneficial ownership of all such shares as to any Reporting Person for purposes of Section 16 or for any other purpose. This Statement of Changes in Beneficial Ownership is being filed on behalf of each of the following entities (the "Reporting Persons"): AIGGEM, GEM Parallel, AIGGSEF, AIG GSEF, L.P., a Cayman Islands exempted limited partnership ("AIGGSEFGP"), having its principal office at Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands, the sole general partner of AIGGSEF, AIG GSEF Investments, Ltd., a Cayman Islands limited company ("AIGGSEFI"), having its principal office at Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands, the general partner of AIGGSEFGP, AIG Capital Partners, Inc., a Delaware corporation ("AIGCP"), having a principal office at 277 Park Avenue, New York, NY 10172, the sole shareholder of AIGGSEFI, the managing member of AIGGEM and the general partner of GEM Parallel, AIG Global Asset Management Holdings Corp., a Delaware corporation ("AIGGAMHC"), having its principal office at 70 Pine Street, New York, NY 10270, the sole shareholder of AIGCP, AIG Capital Corporation, a Delaware corporation ("AIGCC"), having its principal office at 70 Pine Street, New York, NY 10270, the sole shareholder of AIGGAMHC and AIG, a Delaware corporation, having its principal office at 70 Pine Street, New York, NY 10270, the sole shareholder of AIGCC. American International Group,Inc., By: /s/ Kathleen E. Shannon, Senior Vice President and Secretary 2009-10-06 AIG GSEF Investments, Ltd., By: /s/ David Yeung, Director 2009-10-06 AIG GSEF, L.P., By: AIG GSEF Investments, Ltd., its general partner, By: /s/ David Yeung, Director 2009-10-06 AIG Global Sports & Entertainment Fund, L.P., By: AIG GSEF, L.P., its general partner, By: AIG GSEF Investments, Ltd., its general partner, By: /s/ David Yeung, Director 2009-10-06 AIG Global Emerging Markets Fund, L.L.C., By: AIG Capital Partners, Inc., its managing member, By: /s/ David Yeung, President and CEO 2009-10-06 GEM Parallel Fund, L.P., By: AIG Capital Partners, Inc., its general partner, By: /s/ David Yeung, President and CEO 2009-10-06 AIG Capital Corporation, By: /s/ Kathleen E. Shannon, Secretary 2009-10-06 AIG Global Asset Management Holdings Corp., By: /s/ Corinne Pankovcin, Vice President 2009-10-06 AIG Capital Partners, Inc. By: /s/ David Yeung, President and CEO 2009-10-06