Please note that the information below is provided solely as a convenience to shareholders. Liberty Broadband Corporation does not provide its shareholders with tax advice and the information below is not intended to provide tax advice. Liberty Broadband Corporation encourages its shareholders to consult with their own tax advisors with respect to their specific questions pertaining to their own tax positions.

December 18, 2020 - Liberty Broadband Corporation acquired GCI Liberty, Inc. via a stock-for-stock merger (the “combination”). At the effective time of the combination, (i) each share of GCI Liberty Series A common stock outstanding immediately prior to the effective time was converted into 0.580 of a share of Liberty Broadband Series C common stock, (ii) each share of GCI Liberty Series B common stock outstanding immediately prior to the effective time was converted into 0.580 of a share of Liberty Broadband Series B common stock and (iii) each share of GCI Liberty Series A Cumulative Redeemable Preferred Stock outstanding immediately prior to the effective time was converted into one share of newly issued Liberty Broadband Series A Cumulative Redeemable Preferred Stock. Cash was paid in lieu of issuing fractional shares of Liberty Broadband Series C common stock and Liberty Broadband Series B common stock.

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December 10, 2014 - Liberty Broadband Corporation distributed Series C Rights to Liberty Broadband Series A/B/C shareholders. Each holder of Liberty Broadband Series A/B/C common stock received one-fifth of a Series C Right for each share of Liberty Broadband common stock held.

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November 4, 2014 - Liberty Media Corporation completed the spin-off of Liberty Broadband Corporation. Each holder of Liberty Media Series A/B/C Common Stock (LMCA/LMCB/LMCK) received one-fourth of a share of the corresponding series of Liberty Broadband Corporation Common Stock (LBRDA/LBRDB/LBRDK). Immediately after the spin-off, the tax basis of each LMCA/LMCB/LMCK share held prior to the spin-off will be allocated between the original share and the new share issued as part of the spin-off. Cash was issued in lieu of fractional shares.

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Liberty Media Corporation Stock Cost Basis

GCI Liberty, Inc.

This is not tax advice. Please note that the information below is provided solely as a convenience to shareholders. GCI Liberty, Inc. does not provide its shareholders with tax advice and the information below is not intended to provide tax advice. GCI Liberty, Inc. encourages its shareholders to consult with their own tax advisors with respect to their specific questions pertaining to their own tax positions.

On February 2, 2018, General Communication, Inc. (“GCI”) recapitalized its existing common stock (the “Recapitalization”) and changed its name to GCI Liberty, Inc. (“GCI Liberty”). In the Recapitalization, each issued and outstanding share of GCI’s former Class A and Class B Common Stock (“Old GNCMA/B”) was reclassified and exchanged for one share of GCI Liberty’s Class A-1 and Class B-1 Common Stock (“GNCMA/B”). The tax basis of each GNCMA/B share received in the Recapitalization should be the same as the tax basis of the Old GNCMA/B share surrendered in exchange therefor.

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On March 8, 2018, GCI Liberty recapitalized its existing common stock (the “Recapitalization”). In the Recapitalization, each issued and outstanding share of GCI Liberty’s Class A-1 and Class B-1 Common Stock (“GNCMA/B”) was automatically converted into 0.63 of a share of GCI Liberty’s Class A Common Stock (“GLIBA”) and 0.20 of a share of GCI Liberty’s Series A Cumulative Redeemable Preferred Stock (“GLIBP”).

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On March 9, 2018, Liberty Interactive completed the split-off of all the stock of GCI Liberty that it owned. Each holder of Liberty Interactive’s Series A and Series B Liberty Ventures common stock (“LVNTA/B”) received one share of GCI Liberty’s Class A and Class B Common Stock (“GLIBA/B”), respectively, in exchange for each share of LVNTA/B owned by such holder.

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