Stockholder Services

Additional details on AT&T Corp. stock events:

AT&T 3-for-1 Stock Split - April 24, 1959

As a result of the 3-for-1 stock split on April 24, 1959, AT&T stockholders received 2 additional shares of stock for every 1 share owned on April 24, 1959.

AT&T 2-for-1 Stock Split - May 28, 1964

As a result of the 2-for-1 stock split on May 28, 1964, AT&T stockholders received 1 additional share of stock for every 1 share owned on May 28, 1964.

Divestiture - Jan. 1, 1984

As a result of the AT&T Divestiture on Jan. 1, 1984 (the "Divestiture"), AT&T stockholders received one share in each of the seven regional bell operating companies for every 10 shares of AT&T owned on the record date of Dec. 30, 1983. Cash was received in lieu of any fractional shares of stock in each of the seven regional bell operating companies.

• Ameritech - 10.33%
• Bell Atlantic - 10.49%
• BellSouth - 13.53%
• NYNEX - 9.84%
• Pacific Telesis Group - 8.88%
• Southwestern Bell - 9.49%
• US West - 8.94%

Lucent Technologies, Inc. Spinoff - Sept. 30, 1996

AT&T stockholders of record on Sept. 17, 1996, received a distribution of .324084 shares of common stock of Lucent Technologies, Inc. ("Lucent") on Sept. 30, 1996, for every AT&T share owned. stockholders entitled to a fractional share of Lucent received a cash payment instead. The fractional shares of Lucent were aggregated and sold, with the net proceeds paid as appropriate to those entitled to a fractional share.

NCR Corp. Spinoff - Dec. 31, 1996

AT&T stockholders of record on Dec. 13, 1996, received a distribution of .0625 shares of common stock of NCR Corp. ("NCR") on Dec. 31, 1996, for every AT&T share owned. stockholders entitled to a fractional share of NCR received a cash payment instead. The fractional shares of NCR common stock were aggregated and sold, with the net proceeds paid as appropriate to those entitled to a fractional share.

AT&T 3-for-2 Stock Split - April 15, 1999

As a result of the 3-for-2 stock split on April 15, 1999, AT&T stockholders received one additional share of stock for every 2 shares owned on the record date of March 31, 1999. Cash was received in lieu of any fractional share, unless the stockholder participated in the AT&T Dividend Reinvestment and Stock Purchase Plan (DRSPP) on the record date. In that case, all whole and fractional shares were credited to their DRSPP account.

AT&T Wireless Services, Inc. Split-Off - July 9, 2001

AT&T stockholders of record on June 22, 2001, received a distribution of .3218 shares of common stock of AT&T Wireless Services, Inc. ("AT&T Wireless") on July 9, 2001, for every AT&T share owned. stockholders entitled to a fractional share of AT&T Wireless received a cash payment instead. The fractional shares of AT&T Wireless stock were aggregated and sold, with the net proceeds paid as appropriate to those entitled to a fractional share.

AT&T Broadband Corp. Spinoff and Merger With Comcast Corporation - Nov. 18, 2002

As a result of the spinoff of AT&T Broadband on Nov. 18, 2002, AT&T stockholders of record as of Nov. 15, 2002 (the "Record Date"), were entitled to receive a distribution of 1 share of AT&T Broadband stock for each share of AT&T stock held by such stockholder as of the Record Date (the "Distribution"). All shares of AT&T Broadband stock were converted into shares of Comcast Corporation shortly after the Distribution as a result of the merger of a wholly owned subsidiary of Comcast Corporation with and into AT&T Broadband (the "Merger"). Stockholders entitled to receive a fractional share of Comcast Corporation received a cash payment instead.

AT&T 1-for-5 Reverse Stock Split - Nov. 18, 2002

As a result of the 1-for-5 reverse stock split on Nov. 18, 2002, AT&T stockholders received 1 share of AT&T stock in exchange for every 5 AT&T shares owned on the effective date of Nov. 18, 2002. Cash was received in lieu of any fractional share unless the stockholder participated in the AT&T Dividend Reinvestment and Stock Purchase Plan (DRSPP) on the effective date. In that case, all fractional shares were credited to the DRSPP account, unless your post-reverse split account reflected less than one full share, in which case the post-reverse split fractional share was sold and the proceeds were distributed to the stockholder.

SBC/AT&T Merger - Nov. 18, 2005

As a result of the merger between SBC Communications Inc. and AT&T Corp., AT&T stockholders of record on Nov. 18, 2005 received 0.77942 shares of AT&T Inc. for every share of AT&T Corp. owned. Stockholders entitled to fractional shares of AT&T Inc. common stock received a cash payment instead. The fractional shares of AT&T Inc. were aggregated and sold, with the net proceeds paid as appropriate to those entitled to a fractional share. In addition, old AT&T Corp. paid a special cash dividend of $1.30 per share to old AT&T Corp. stockholders of record on Nov 18, 2005. This special dividend was paid in cash.

According to the Internal Revenue Service (IRS). The receipt of your whole shares of new AT&T Inc. common stock was tax free for federal income tax purposes. However, the cash payment for the value of the fractional share may be taxable. Generally, any gain or loss resulting from receiving cash for fractional share will be subject to income tax. We urge you to contact your tax advisor.

Any old AT&T Corp stock certificates must be submitted in order to complete the exchange. If you have not exchanged your old AT&T Corp. shares, AT&T Inc. will withhold dividends and distributions on these shares until they are submitted for exchange. In addition, we will be required to remit the unexchanged shares and any applicable dividends / distributions to your state of residence as required under the applicable unclaimed property laws. If your property (shares, dividends, and distributions) are remitted to the state, you will need to contact the unclaimed property division of your state to receive the value of your shares.

If you have lost any of your old AT&T Corp stock certificates, have unexchanged shares or have other questions regarding the exchange of your old AT&T Corp shares, please contact our transfer agent, Computershare at 1‑800‑351‑7221 for instructions for replacing and exchanging these shares.