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To the Addresses Listed on Page One | | 2 | | March 22, 2023 |
outstanding 3.638% Senior Notes due 2025 (the “Old 2025 Senior Notes”), (iv) $500,000,000 aggregate principal amount of its 3.788% Senior Notes due 2025 (the “New 2025 NC1 Senior Notes”), which are to be registered under the Act pursuant to the Registration Statement, in exchange for an equal principal amount of the Issuer’s outstanding 3.788% Senior Notes due 2025 (the “Old 2025 NC1 Senior Notes”), (v) $4,000,000,000 aggregate principal amount of its 3.755% Senior Notes due 2027 (the “New 2027 Senior Notes”), which are to be registered under the Act pursuant to the Registration Statement, in exchange for an equal principal amount of the Issuer’s outstanding 3.755% Senior Notes due 2027 (the “Old 2027 Senior Notes”), (vi) $1,500,000,000 aggregate principal amount of its 4.054% Senior Notes due 2029 (the “New 2029 Senior Notes”), which are to be registered under the Act pursuant to the Registration Statement, in exchange for an equal principal amount of the Issuer’s outstanding 4.054% Senior Notes due 2029 (the “Old 2029 Senior Notes”), (vii) $5,000,000,000 aggregate principal amount of its 4.279% Senior Notes due 2032 (the “New 2032 Senior Notes”), which are to be registered under the Act pursuant to the Registration Statement, in exchange for an equal principal amount of the Issuer’s outstanding 4.279% Senior Notes due 2032 (the “Old 2032 Senior Notes”), (viii) $4,500,000,000 aggregate principal amount of its 5.050% Senior Notes due 2042 (the “New 2042 Senior Notes”), which are to be registered under the Act pursuant to the Registration Statement, in exchange for an equal principal amount of the Issuer’s outstanding 5.050% Senior Notes due 2042 (the “Old 2042 Senior Notes”), (ix) $7,000,000,000 aggregate principal amount of its 5.141% Senior Notes due 2052 (the “New 2052 Senior Notes”), which are to be registered under the Act pursuant to the Registration Statement, in exchange for an equal principal amount of the Issuer’s outstanding 5.141% Senior Notes due 2052 (the “Old 2052 Senior Notes”), (x) $3,000,000,000 aggregate principal amount of its 5.391% Senior Notes due 2062 (the “New 2062 Senior Notes”), which are to be registered under the Act pursuant to the Registration Statement, in exchange for an equal principal amount of the Issuer’s 5.391% Senior Notes due 2062 (the “Old 2062 Senior Notes”), and (xi) $500,000,000 Floating Rate Senior Notes due 2024 (the “New Floating Rate Senior Notes” and, together with the New 2024 Senior Notes, the New 2024 NC1 Senior Notes, the New 2025 Senior Notes, the New 2025 NC1 Senior Notes, the New 2027 Senior Notes, the New 2029 Senior Notes, the New 2032 Senior Notes, the New 2042 Senior Notes, the New 2052 Senior Notes and the New 2062 Senior Notes, the “New Notes”), which are to be registered under the Act pursuant to the Registration Statement, in exchange for an equal principal amount of the Issuer’s Floating Rate Senior Notes due 2024 (the “Old Floating Rate Senior Notes” and together with the Old 2024 Senior Notes, the Old 2024 NC1 Senior Notes, the Old 2025 Senior Notes, the Old 2025 NC1 Senior Notes, the Old 2027 Senior Notes, the Old 2029 Senior Notes, the Old 2032 Senior Notes, the Old 2042 Senior Notes, the Old 2052 Senior Notes and the Old 2062 Senior Notes, the “Old Notes”). The New Notes are to be issued pursuant to the indenture, dated as of March 15, 2022 (the “Base Indenture”), among the Issuer, AT&T Inc. and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), as amended and