Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 656

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 656
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LB Series A Common Stock”), of Liberty Broadband will be converted into the right to receive a number of shares of Class A common stock, par value $0.001 per share (“Charter Class A Common Stock”), of Charter equal to 0.236 (the “Exchange Ratio”);

(ii) each issued and outstanding share of Series B common stock, par value $0.01 per share (“LB Series B Common Stock”), of Liberty Broadband will be converted into the right to receive a number of shares of Charter Class A Common Stock equal to the Exchange Ratio;

(iii) each issued and outstanding share of Series C common stock, par value $0.01 per share (“LB Series C Common Stock” and together with the LB Series A Common Stock and LB Series B Common Stock, the “LB Common Stock”), of Liberty Broadband will be converted into the right to receive a number of shares of Charter Class A Common Stock equal to the Exchange Ratio; and

(iv) each issued and outstanding share of Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (“LB Preferred Stock”), of Liberty Broadband will be converted into the right to receive one share of Series A Cumulative Redeemable Preferred Stock, par value $0.001 per share (“Charter Preferred Stock”), of Charter.

<div align='center'>K-1</div>

#### TABLE OF CONTENTS
The Board of Directors

Charter Communications, Inc.

November 12, 2024

Page 2 of 4

In arriving at our opinion, we reviewed an execution version of the Merger Agreement furnished to us on November 12, 2024 and held discussions with certain senior officers, directors and other representatives and advisors of Charter and certain senior officers and other representatives and advisors of Liberty Broadband concerning the business, operations and prospects of Charter and Liberty Broadband, as well as the anticipated benefits of the Merger. We examined certain publicly available business and financial information relating to Charter and Liberty Broadband as well as certain other information and data relating to Charter and Liberty Broadband (including projected projected estimates (the “Projected Estimates”) of certain financial items expected to be incurred or realized by Liberty Broadband in the future, including certain overhead expense and stock-based compensation and other cash equity awards to be provided to Liberty Broadband employees and tax benefits attributable to certain tax attributes and tax assets of Liberty Broadband), which were provided to or discussed with us by the managements of Charter and Liberty