Because the tender offer was oversubscribed, the number of LCAPA shares that Liberty will purchase from each stockholder that tendered LCAPA shares within the purchase price range for the tender offer will be pro-rated, subject to the odd-lot and conditional tender provisions of the tender offer. After the depositary verifies the actual number of LCAPA shares validly tendered and not withdrawn, including shares tendered pursuant to guaranteed delivery procedures, and the purchase price at which such LCAPA shares were tendered, Liberty will promptly announce the actual number of LCAPA shares tendered and not withdrawn, the proration factor applicable to the tender offer and the purchase price for LCAPA shares properly tendered and not withdrawn. Promptly after such announcement, the depositary will issue payment for the LCAPA shares validly tendered and accepted for purchase under the tender offer and will return all other LCAPA shares tendered. It is currently expected that the final proration factor and the final purchase price, in each case, applicable for the tender offer, will be announced on or about April 12, 2007 and that payment for all LCAPA shares purchased will be made promptly thereafter.
About Liberty Media Corporation
Liberty Media Corporation owns a broad range of electronic retailing, media, communications and entertainment businesses and investments. Those interests are attributed to two tracking stock groups: the Liberty Interactive group, which includes Liberty's interests in QVC, Provide Commerce, IAC/InterActiveCorp, and Expedia, and the Liberty Capital group, which includes Liberty's interests in Starz Entertainment, News Corporation, and Time Warner. For more information, please see http://www.libertymedia.com.
