Notice to the holders of redemption of notes and termination of listing on the Taipei Exchange

Bob Varettoni
T. 908-559-6388

NEW YORK – Verizon Communications Inc. (“Verizon”) (NYSE, Nasdaq: VZ) today announced that it will redeem all of the outstanding 4.80% Notes, due September 23, 2044 (the “Notes”) in accordance with the terms and conditions of the Notes and the related indenture and delist the Notes from the Taipei Exchange on September 23, 2016 (the “Redemption Date”) and that it has caused notice of redemption to be given to each holder of the Notes in accordance with the terms and conditions of the Notes and the related indenture. The details of the Notes are as follows:

  1. Bond Code: F03601
  2. Bond Short Name: P14VZ1
  3. ISIN: XS1109736592
  4. Common Code: 110973659
  5. FIGI: BBG00738JD77
  6. Initial Notional Amount: USD870,000,000
  7. Bond Name: Verizon 2014-1 Senior Unsecured Notes
  8. Date of Call/Delisting: September 23, 2016
  9. Call Price: 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest to the Redemption Date

Cautionary Statement Regarding Forward-Looking Statements

In this communication we have made forward-looking statements.  These forward-looking statements are not historical facts, but only predictions and generally can be identified by use of statements that include phrases such as “will,” “may,” “should,” “continue,” “anticipate,” “believe,” “expect,” “plan,” “appear,” “project,” “estimate,” “intend,” or other words or phrases of similar import.  Similarly, statements that describe our objectives, plans or goals also are forward-looking statements.  These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.  Factors that could materially affect these forward-looking statements can be found in our periodic reports filed with the SEC. Eligible holders are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on these forward-looking statements.  The forward-looking statements included in this press release are made only as of the date of this press release, and we undertake no obligation to update publicly these forward-looking statements to reflect new information, future events or otherwise.  In light of these risks, uncertainties and assumptions, the forward-looking events might or might not occur.  We cannot assure you that projected results or events will be achieved.

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