Liberty Announces Semi-Annual Payment on 3.5% Senior Exchangeable Debentures Due 2031

Liberty Media LLC, a subsidiary of Liberty Media Corporation

, announced a semi-annual payment to the holders of its 3.5% Senior Exchangeable Debentures due in 2031. The amount of the payment is $17.50 per $1,000 of original principal amount of the Debentures. This semi-annual payment will result in the further reduction of the adjusted principal amount of the Debentures. As previously announced, the principal amount of the Debentures was reduced in the amount of $162.616 per Debenture, resulting in an adjusted principal amount equal to $837.384 per Debenture. This adjustment resulted from an extraordinary distribution of cash that was paid to bondholders on January 10, 2007 in accordance with the indenture governing the Debentures.