Liberty Interactive Announces Semi-Annual Payment On 3.5% Senior Exchangeable Debentures Due 2031 And Changes To Date In Adjusted Principal Amount

Liberty Interactive LLC ("Liberty"), a subsidiary of Liberty Interactive Corporation (Nasdaq: LINTA, LINTB), announced a semi-annual payment to the holders of its 3.5% Senior Exchangeable Debentures due in 2031 (the "Debentures"). The amount of the payment is $17.50 per $1,000 of original principal amount of the Debentures.

History of Changes to Reference Securities

Date (on or about)

Corporate Event

Reference Securities Underlying Debenture

Shares per Bond

7/15/2001

Debenture issuance

Motorola Inc.

36.8189

12/2/2004

Motorola spins-offFreescale Semiconductorto shareholders

Motorola Inc. Freescale (Class B)

36.8189 MOT 4.0654 FSL.B

12/4/2006

Freescale taken private at$40 per share

Motorola Inc.

36.8189 MOT

1/4/2011

Motorola Inc. changesname, splits-off MotorolaMobility and effectsreverse stock split

Motorola Solutions Motorola Mobility

5.2598 MSI 4.6024 MMI

5/22/2012

Google buys MotorolaMobility for $40 per share

Motorola Solutions

5.2598 MSI

Changes to Principal Amount

Under the Indenture for the Debentures, the principal amount of the Debentures is adjusted in an amount equal to each extraordinary 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 3.5% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular extraordinary 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 distribution.

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