CenturyLink, Inc. (the “company” or “CenturyLink”) has agreed to appoint to its board of directors, on or prior to the closing date of the company’s pending acquisition (the “Combination”) of Level 3 Communications, Inc. (“Level 3”), (i) one member of Level 3’s board of directors designated by Level 3’s principal stockholder, STT Crossing Ltd. (“STT Crossing”), in accordance with the terms of the company’s shareholder rights agreement with STT Crossing, and (ii) three members of Level 3’s board of directors selected by the company from any of Level 3’s directors who are not affiliated with STT Crossing. The company has announced that it expects T. Michael Glenn, retired executive vice president of FedEx Corporation, and Kevin P. Chilton, former commander of U.S. Strategic Command, to join the company’s board of directors upon completion of the Combination. The company expects Jeff K. Storey, Level 3’s chief executive officer and president, and Steven T. Clontz, senior executive vice president of Singapore Technologies Telemedia Pte. Ltd., to join the company’s board of directors upon completion of the Combination, with Mr. Clontz serving as STT Crossing’s designee.