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Liberty Interactive LLC ("Liberty"), a subsidiary of Liberty Interactive
Corporation (Nasdaq: LINTA, announced payment of an extraordinary cash
distribution to the holders of its 3.5% Senior Exchangeable Debentures due in
2013 (the “Debentures”). This distribution is the result of Google Inc.'s
acquisition of Motorola Mobility Holdings Inc. on May 22, 2012 for $40 per
share in cash. Pursuant to the indenture covering the Debentures (the
“Indenture”), the cash paid to shareholders in the Motorola Mobility Holdings
acquisition is to be paid to the holders of the Debentures as an extraordinary
distribution. The record date of the distribution by Liberty is June 6, 2012
and the cash payment of $184.096 per Debenture is expected to be made on June
20, 2012, for a total payment of $110.5 million.
In accordance with the Indenture, the principal amount of the Debentures is to
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