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Leap and Pentwater Reach Agreement to Settle Proxy Contest

SAN DIEGO July 27, 2011 Richard R. Roscitt Robert E. Switz

Doug Hutcheson

Paula Kruger July 28, 2011

Nelson Mullins

About Leap

San Diego, Calif.

Leap is a registered service mark of Leap Wireless International, Inc.  Cricket is a registered trademark of Cricket Communications, Inc.

Important Information

Leap and its directors, executive officers and certain employees may be deemed to be participants in the solicitation of proxies from Leap’s stockholders in connection with the election of directors and other matters to be proposed at the 2011 Annual Meeting.  Information regarding the interests, if any, of these directors, executive officers and specified employees is included in the definitive proxy statement and other materials filed by Leap with the SEC.

SOURCE Leap Wireless International, Inc.

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