Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 185

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 185
---
 | Last 90 
 Days    |     | Last 60 
 Days    |     | Last 30 
 Days    |
| 0.2460x |     | 0.2312x   |     | 0.2230x    |     | 0.1953x     |     | 0.1914x |     | 0.1819x |     | 0.1794x |     | 0.1802x |

| * | Represents the date of the completion of Liberty Spin. |

|               |     | Since      
 January 1, 
 2021       |     | Last   
 Three  
 Years  |     | Last Two 
 Years    |     | Last Year |     | Year to 
 Date    |
|:--------------|:----|:-----------|:----|:-------|:----|:---------|:----|:----------|:----|:--------|
| Excluding GCI |     | -27.3%     |     | -28.5% |     | -32.3%   |     | -37.4%    |     | -38.2%  |
| Including GCI |     | -24.9%     |     | -25.8% |     | -29.0%   |     | -33.5%    |     | -34.0%  |

95

#### TABLE OF CONTENTS
General

The preparation of a financial opinion is a complex analytical process involving various determinations as to the most appropriate and relevant methods of financial analysis and the application of those methods to the particular circumstances and, therefore, a financial opinion is not readily susceptible to summary description. In arriving at its opinion, Centerview did not draw, in isolation, conclusions from or with regard to any factor or analysis that it considered. Rather, Centerview made its determination as to fairness on the basis of its experience and professional judgment after considering the results of all of the analyses.

Centerview’s financial analyses and opinion were only one of many factors taken into consideration by the Charter special committee in its evaluation of the transactions. Consequently, the analyses described above should not be viewed as determinative of the views of the Charter special committee or Charter management with respect to the exchange ratio or as to whether the Charter special committee would have been willing to determine that different consideration (including a different exchange ratio) was fair. The exchange ratio was determined through arm’s-length negotiations between Charter and Liberty