For purposes of the summary below, “Old Liberty” refers to Liberty Media Corporation (including its predecessors) which changed its name to Liberty Interactive Corporation on September 22, 2011 and subsequently changed its name to Qurate Retail, Inc. on April 9, 2018. “New Liberty” refers to Liberty CapStarz, Inc. which changed its name to Liberty Media Corporation on September 22, 2011.

MARCH 28, 1991

Old Liberty trades publicly for the first time on NASDAQ under the symbols LBTYA and LBTYB.

AUGUST 4, 1994

Old Liberty merges with Tele-Communications, Inc.

AUGUST 10, 1995

Tele-Communications, Inc. issues Liberty Media Group tracking stock to stockholders. The tracking stock trades on NASDAQ under the same symbols LBTYA and LBTYB.

NOVEMBER 19, 1998

Tele-Communications International, Inc. (NASDAQ: TINTA/B) merges with Liberty Media Group.

MARCH 9, 1999

TCI Ventures, Inc. (NASDAQ: TCIVA/B) merges with Liberty Media Group.

MARCH 9, 1999

Tele-Communications, Inc. and AT&T merge. As a result, Liberty Media Group becomes a tracking stock of AT&T. Liberty Media Group tracking stock begins trading on the New York Stock Exchange under the symbols LMG.A and LMG.B.

AUGUST 10, 2001

Old Liberty splits from AT&T and begins trading as a separate company on the New York Stock Exchange under the symbols LMC.A and LMC.B.

JANUARY 1, 2002

Old Liberty Series A common stock begins trading on the New York Stock Exchange under the symbol L. Old Liberty Series B common stock continues to trade under the symbol LMC.B.

JULY 1, 2003

Old Liberty and Ascent Media Group, Inc. (NASDAQ: AMGIA) (formerly known as Liberty Livewire Corporation) merge.

NOVEMBER 12, 2003

Old Liberty and Liberty Satellite & Technology, Inc. (OTC Bulletin Board: LSTTA/B) merge.

JUNE 7, 2004

Old Liberty completes the spin-off of its international businesses into a separately traded company, Liberty Media International, Inc. (NASDAQ: LBTYA/B). The stock of Liberty Media International, Inc. is distributed to existing Old Liberty stockholders as a dividend.

JULY 21, 2005

Old Liberty and Ascent Media Group, Inc. (NASDAQ: AMGIA) (formerly known as Liberty Livewire Corporation) merge.

MAY 9, 2006

Old Liberty completes its restructuring and issues two new tracking stocks, Liberty Capital Group and Liberty Interactive Group (NASDAQ: LCAPA/B and LINTA/B, respectively).

MARCH 4, 2008

Old Liberty completes its reclassification of the Liberty Capital Group tracking stock and issues a new tracking stock for the Liberty Entertainment Group (NASDAQ: LMDIA/B).

NOVEMBER 20, 2009

Old Liberty completes the split-off of Liberty Entertainment, Inc. and business combination with DIRECTV (NASDAQ: DTV). The remaining businesses, assets and liabilities not held by Liberty Entertainment, Inc. remain with Old Liberty and are redesignated as the Liberty Starz Group (NASDAQ: LSTZA/B).

SEPTEMBER 23, 2011

Old Liberty completes the split-off of New Liberty, which held the businesses, assets and liabilities formerly attributed to Old Liberty’s Liberty Capital Group and Liberty Starz Group.

AUGUST 10, 2012

Old Liberty issues a new tracking stock, Liberty Ventures Group (NASDAQ: LVNTA/B), and makes conforming changes to its existing Liberty Interactive common stock (Liberty Interactive Group) (NASDAQ: LINTA/B).

AUGUST 27, 2014

The Liberty Ventures Group tracking stock completes the spin-off of its controlling interest in TripAdvisor Inc. and the BuySeasons business into a new asset backed stock; Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA/B)

OCTOBER 3, 2014

Liberty Interactive Corporation reattributed from the Liberty Interactive Group to the Liberty Ventures Group its digital commerce companies, and $1 billion in cash, in exchange for shares of Liberty Ventures common stock. Following the reattribution, the Liberty Interactive Group was renamed the QVC Group.

MAY 18, 2016

Liberty Interactive completed its $2.4 billion investment in Liberty Broadband Corporation upon the closing of the merger of legacy Charter Communications, Inc. and Time Warner Cable and the concurrent acquisition of Bright House Networks (attributed to the Liberty Ventures Group).

JULY 22, 2016

The Liberty Ventures Group tracking stock completes the spin-off of its subsidiary CommerceHub, Inc. into a new asset backed stock (NASDAQ: CHUBA/K)

OCTOBER 1, 2015

Liberty Interactive acquired all of the outstanding shares of zulily, inc. for consideration of approximately $2.3 billion (attributed to the QVC Group).

NOVEMBER 4, 2016

The Liberty Ventures Group tracking stock completes the split-off of its interest in Expedia, Inc. and its subsidiary Bodybuilding.com into a new asset backed stock  Liberty Expedia Holdings, Inc. (NASDAQ: LEXEA/B).

DECEMBER 29, 2017

Liberty Interactive acquired the remaining 62% of HSNi not already owned in all equity transaction (attributed to the QVC Group). HSNi shareholders received fixed consideration of 1.65 shares of QVCA for every share of HSNi held.

MARCH 9, 2018

Liberty Interactive Corporation acquired a controlling interest in GCI Liberty (formerly known as General Communication, Inc.) and contributed certain assets and liabilities from its Liberty Ventures Group tracking stock to GCI Liberty. Liberty Interactive Corporation reattributed the remaining assets and liabilities from Liberty Ventures Group to QVC Group, including its stakes in ILG and FTD, portfolio of green energy investments and certain exchangeable bonds as described in its definitive proxy filed with the SEC on December 29, 2018.  Liberty Interactive then effected a tax free separation of its interest in GCI Liberty and distributed its interest in GCI Liberty to Liberty Ventures Group shareholders, and fully redeemed the Liberty Ventures Group stock. Subsequently, Liberty Interactive Corporation’s remaining tracking stock, QVC Group, became an asset backed stock and was renamed Qurate Retail Group.

April 9, 2018

Liberty Interactive Corporation was renamed Qurate Retail, Inc.

With respect to transactions after September 23, 2011 related to New Liberty, please see New Liberty’s website at libertymedia.com.

© 2018 Qurate Retail, Inc.