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Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 3.75% Senior Exchangeable Debentures Due 2030; Interest Payment Results in Further Reduction of Adjusted Principal Amount

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Qurate Retail, Inc. ("Qurate Retail") (NASDAQ:QRTEA, QRTEB)) today
announced the payment of a semi-annual interest payment and a regular
additional distribution to the holders as of August 1, 2018 of the 3.75%
Senior Exchangeable Debentures due 2030 (the "Debentures") issued by its
wholly-owned subsidiary, Liberty Interactive LLC ("LI LLC"). The amount
of the interest payment is $18.75 per $1,000 original principal amount
of Debentures, and the amount of the additional distribution is $0.62056
per Debenture.

Under the Indenture for the Debentures, the original principal amount of
the Debentures is adjusted in an amount equal to each Extraordinary
Additional Distribution made to holders of the Debentures. Thereafter,
the adjusted principal amount is further reduced on each successive
semi-annual interest payment date to the extent necessary to cause the
semi-annual interest payment to represent the payment of an annualized
yield of 3.75% of the adjusted principal amount. This latter adjustment,
to the extent it is made by reason of a particular Extraordinary
Additional Distribution that results in an adjustment to the principal
amount of the Debentures, takes effect on the second succeeding interest
payment date after the payment of that Extraordinary Additional
Distribution.

To date, there has been one Extraordinary Additional Distribution to
holders of the Debentures. On August 7, 2013, LI LLC made an
Extraordinary Additional Distribution of $46.1258 per $1,000 original
principal amount of the Debentures arising from the merger transaction
between Sprint Nextel Corporation and SoftBank Corp.

Adjustments to the principal amount of the Debentures do not affect the
amount of the semi-annual interest payments received by holders of the
Debentures, which will continue to be a rate equal to 3.75% per annum of
the original principal amount of the Debentures. Below is a detail of
the amount of the semi-annual interest payment being made on the
Debentures, its allocation between payment of interest and repayment of
principal and the revised adjusted principal amount of the Debentures
resulting from such payment, per $1,000 original principal amount of the
Debentures:

                                 

August 15, 2018
Beginning
Adjusted Principal

   

Total
Payment

    Interest    

Additional
Payment of
Principal

   

August 15, 2018
Ending Adjusted
Principal

$945.4804     $18.7500     $17.7278     $1.0222     $944.4582
               

LI LLC is also making a regular additional distribution of $0.62056 per
Debenture, attributable to the quarterly cash dividends paid by
CenturyLink Inc. of $0.54 per share on both March 16, 2018 and June 15,
2018. The regular additional distribution will not result in an
adjustment to the principal amount of the Debentures.

The semi-annual interest payment and regular additional distribution are
expected to be made on August 15, 2018 to holders of record of the
Debentures on August 1, 2018.

About Qurate Retail, Inc. (formerly Liberty Interactive Corporation)

Qurate Retail, Inc. operates and owns interests in a broad range of
digital commerce businesses. Qurate Retail, Inc.'s businesses and assets
consist of its subsidiaries QVC, Inc., HSN, Inc., and zulily, llc
(collectively, the Qurate Retail Group) as well as its interests in ILG
and FTD, among other things.

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