Information for Stockholders Joining AT&T Inc. as a Result of the Acquisition of Time Warner

On October 22, 2016, AT&T Inc. announced its historic agreement to acquire Time Warner. After the closing of the acquisition, Time Warner became a wholly owned subsidiary of AT&T Inc. The acquisition was completed on June 14, 2018.

Information related to the exchange of shares:

If you still hold shares of Time Warner and need more information about how to exchange your shares for AT&T shares, see the links below or contact Computershare, our stock transfer agent, as outlined at the bottom of this page.

For Certificated stockholders, please click here (PDF).

• Exchange form for Certificated stockholders

This information is for illustrative purposes and not intended as tax advice. You should consult your tax advisor as to the specific tax consequences to you of the transaction under U.S. Federal, state, local and foreign tax laws. For more information on tax consequences of the transaction, refer to the form S-4/A filed by AT&T Inc. with the U.S. Securities and Exchange Commission on January 5, 2017.

• 8-K filing related to the Time Warner merger closing
• Form S-4/A filed by AT&T Inc. with the U.S. Securities and Exchange Commission on January 5, 2017
• Information Regarding U.S. Federal Income Tax Calculations in connection with the Acquisition of Time Warner by AT&T
• Report of Organizational Actions Affecting Basis of Securities (Form 8937)
• Attachment to Form 8937

For further information regarding the Time Warner merger with AT&T as well as other Time Warner Corporate Actions, click here: Time Warner Inc. Corporate Actions

If you acquired Time Warner Inc. stock after June 6, 2014 (spin-off of Time Inc.) and on or before June 14, 2018 (AT&T acquisition of Time Warner Inc.), please enter the following below.

• If you owned AT&T common stock (T) as of the close of business on April 5, 2022, the record date for distribution of shares of SpinCo, first calculate your AT&T Cost Basis using the worksheet below and then use that output for the AT&T Inc. / WBD allocation.

Important Disclaimer:

We don’t take responsibility if there are mistakes in the model or if it doesn’t accurately represent tax law or if tax law has changed since these transactions took place.

The model uses the average of the day’s high and low to determine some values for tax purposes.

Other methodologies may provide better tax outcomes.

Check with your tax advisor to ensure these calculations are correct and that you are following the latest IRS rules.