----

| ·   | Consolidated revenue of $679.4 million |
|--------------------|----------------------------------------|

| ·   | Adjusted EBITDA of $223.6 million |
|--------------------|-----------------------------------|

| ·   | Net income of $5.8 million or $0.12 per diluted share |
|--------------------|-------------------------------------------------------|

| ·   | GCI completed construction on TERRA-Southwest (TERRA-SW) and has transitioned the majority of its customers in the TERRA-SW region to the recently completed network. TERRA-SW is GCI’s project to extend terrestrial broadband service to Bristol Bay and the Yukon-Kuskokwim Delta and was completed by the end of 2011, two years ahead of schedule. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | GCI repurchased 5,228,885 shares of its Class A common stock in 2011 at an average price per share of $10.07. GCI is authorized to repurchase $92.9 million of its common equity depending on company performance, market conditions, and liquidity, and subject to board oversight. At the end of 2011, GCI had approximately 42.2 million shares outstanding. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Managed Broadband revenues for 2011 totaled $63.2 million, an increase of $13.3 million or 26.6 percent over 2010. Fourth quarter 2011 revenues of $17.2 million increased $3.3 million over fourth quarter revenues of $13.9 million in 2010. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Commercial revenues for 2011 increased $7.6 million to $136.1 million, as compared to revenues of $128.5 million in 2010. Fourth quarter 2011 revenues of $34.5 million increased 3.8 percent over the prior year. Commercial revenues were unfavorably impacted by $0.4 million in revenue adjustments due to changes to the USF high cost program in the fourth quarter of 2011. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | GCI is the second largest wireless provider in Alaska with 139,900 wireless subscribers at the end of 2011, an increase of 1,200 subscribers over the prior year. GCI has rolled out its HSPA+ network covering Alaska's major population centers and an additional nine towns and cities are covered by our HSPA network. We will continue to expand the coverage of this network through the end of 2012.  |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | GCI had 119,400 consumer and commercial cable modem customers at the end of 2011, an increase of 3,000 customers over 116,400 customers at the end of 2010. Fourth quarter cable modem customers increased by 1,500 over 117,900 customers at the end of the third quarter 2011. Average monthly revenue per cable modem for the fourth quarter of 2011 was $61.37, an increase of 14.8 percent over the $53.47 figure posted for the prior year and 6.9 percent from the $57.43 figure posted for the third quarter of 2011. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | GCI had 138,100 access lines at the end of the fourth quarter of 2011, representing an estimated 36 percent share of the total access line market in Alaska. Access lines for 2011 decreased 4.6 percent from the total at the end of 2010 and decreased 0.8 percent from the third quarter of 2011. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | GCI’s facilities-based access lines totaled 109,800, representing 79.5 percent of its total access lines at the end of the fourth quarter of 2011. Facilities based access lines increased 100 lines over the third quarter of 2011. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES                         |   |         |      |   |         |        |
|----------------------------------------------------------------------|--------|--------------|-----------|--------|--------------|-------------|
| CONSOLIDATED BALANCE SHEETS                                          |   |         |      |   |         |        |
| (Unaudited)                                                          |   |         |      |   |         |        |
|                                                                 |   |         |      |   |         |        |
|                                                                 |   |         |      |   |         |        |
|                                                                 |   |         |      |   |         |        |
| (Amounts in thousands)                                               |   |         |      |   |         |        |
|                                                                 |   | December 31, |      |   | December 31, |        |
| Assets                                                               |   | 2011         |      |   | 2010         |        |
|                                                                 |   |         |      |   |         |        |
| Current assets:                                                      |   |         |      |   |         |        |
|   Cash and cash equivalents                                |   | $            | 29,387    |   |         |        | 33,070 |   |
|                                                                 |   |         |      |   |         |        |   |   |
|   Receivables                                              |   |         | 141,827   |   |         |        | 132,856 |   |
|   Less allowance for doubtful receivables                  |   |         | 5,796     |   |         |        | 9,189 |   |
|      Net receivables                        |   |         | 136,031   |   |         |        | 123,667 |   |
|                                                                 |   |         |      |   |         |        |   |   |
|   Deferred income taxes                                    |   |         | 15,555    |   |         |        | 10,145 |   |
|   Prepaid expenses                                         |   |         | 7,899     |   |         |        | 5,950 |   |
|   Inventories                                              |   |         | 7,522     |   |         |        | 5,804 |   |
|   Other current assets                                     |   |         | 3,631     |   |         |        | 3,940 |   |
|        Total current assets       |   |         | 200,025   |   |         |        | 182,576 |   |
|                                                                 |   |         |      |   |         |        |   |   |
| Property and equipment in service, net of depreciation               |   |         | 851,705   |   |         |        | 798,278 |   |
| Construction in progress                                             |   |         | 42,918    |   |         |        | 31,144 |   |
|        Net property and equipment |   |         | 894,623   |   |         |        | 829,422 |   |
|                                                                 |   |         |      |   |         |        |   |   |
| Cable certificates                                                   |   |         | 191,635   |   |         |        | 191,635 |   |
| Goodwill                                                             |   |         | 74,883    |   |         |        | 73,932 |   |
| Wireless licenses                                                    |   |         | 25,967    |   |         |        | 25,967 |   |
| Restricted cash                                                      |   |         | 15,910    |   |         |        | - |   |
| Other intangible assets, net of amortization                         |   |         | 15,835    |   |         |        | 17,717 |   |
| Deferred loan and senior notes costs, net of amortization            |   |         | 12,812    |   |         |        | 13,661 |   |
| Other assets                                                         |   |         | 17,214    |   |         |        | 16,850 |   |
|     Total other assets                           |   |         | 354,256   |   |         |        | 339,762 |   |
|        Total assets               |   | $            | 1,448,904 |   |         |        | 1,351,760 |   |
|                                                                 |   |         |      |   |         |        |   |   |
|                                                                 |   |         |      |   |         | (Continued) |   |

----

| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES                                                                                                                                                                                                                                                 |   |         |      |   |         |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|-----------|--------|--------------|--------|
| CONSOLIDATED BALANCE SHEETS                                                                                                                                                                                                                                                                  |   |         |      |   |         |   |
| (Unaudited)                                                                                                                                                                                                                                                                                  |   |         |      |   |         |   |
| (Continued)                                                                                                                                                                                                                                                                                  |   |         |      |   |         |   |
|                                                                                                                                                                                                                                                                                         |   |         |      |   |         |   |
|                                                                                                                                                                                                                                                                                         |   |         |      |   |         |   |
| (Amounts in thousands)                                                                                                                                                                                                                                                                       |   |         |      |   |         |   |
|                                                                                                                                                                                                                                                                                         |   | December 31, |      |   | December 31, |   |
| Liabilities and Stockholders' Equity                                                                                                                                                                                                                                                         |   | 2011         |      |   | 2010         |   |
|                                                                                                                                                                                                                                                                                         |   |         |      |   |         |   |
| Current liabilities:                                                                                                                                                                                                                                                                         |   |         |      |   |         |   |
|   Current maturities of obligations under long-term debt and capital leases                                                                                                                                                                                                        |   | $            | 8,797     |   |         |   | 7,652 |   |
|   Accounts payable                                                                                                                                                                                                                                                                 |   |         | 41,353    |   |         |   | 35,589 |   |
|   Deferred revenue                                                                                                                                                                                                                                                                 |   |         | 22,003    |   |         |   | 17,296 |   |
|   Accrued payroll and payroll related obligations                                                                                                                                                                                                                                  |   |         | 22,126    |   |         |   | 22,132 |   |
|   Accrued interest                                                                                                                                                                                                                                                                 |   |         | 6,680     |   |         |   | 13,456 |   |
|   Accrued liabilities                                                                                                                                                                                                                                                              |   |         | 11,423    |   |         |   | 12,557 |   |
|   Subscriber deposits                                                                                                                                                                                                                                                              |   |         | 1,250     |   |         |   | 1,271 |   |
|      Total current liabilities                                                                                                                                                                                                                                      |   |         | 113,632   |   |         |   | 109,953 |   |
|                                                                                                                                                                                                                                                                                         |   |         |      |   |         |   |   |   |
| Long-term debt, net                                                                                                                                                                                                                                                                          |   |         | 858,031   |   |         |   | 779,201 |   |
| Obligations under capital leases, excluding current maturities                                                                                                                                                                                                                               |   |         | 78,605    |   |         |   | 84,144 |   |
| Obligation under capital lease due to related party                                                                                                                                                                                                                                          |   |         | 1,893     |   |         |   | 1,885 |   |
| Deferred income taxes                                                                                                                                                                                                                                                                        |   |         | 115,296   |   |         |   | 102,401 |   |
| Long-term deferred revenue                                                                                                                                                                                                                                                                   |   |         | 81,822    |   |         |   | 49,175 |   |
| Other liabilities                                                                                                                                                                                                                                                                            |   |         | 24,456    |   |         |   | 24,495 |   |
|        Total liabilities                                                                                                                                                                                                                                  |   |         | 1,273,735 |   |         |   | 1,151,254 |   |
|                                                                                                                                                                                                                                                                                         |   |         |      |   |         |   |   |   |
|                                                                                                                                                                                                                                                                                         |   |         |      |   |         |   |   |   |
| Commitments and contingencies                                                                                                                                                                                                                                                                |   |         |      |   |         |   |   |   |
| Stockholders’ equity:                                                                                                                                                                                                                                                                  |   |         |      |   |         |   |   |   |
|   Common stock (no par):                                                                                                                                                                                                                                                           |   |         |      |   |         |   |   |   |
|    Class A. Authorized 100,000 shares; issued 39,296 and 44,213 shares at      December 31, 2011 and 2010, respectively; outstanding 39,043 and      43,958 shares at December 31, 2011 and 2010, respectively    |   |         | 26,179    |   |         |   | 69,396 |   |
|                                                                                                                                                                                                                                                                                         |   |         |      |   |         |   |   |   |
|     Class B. Authorized 10,000 shares; issued and outstanding 3,171 and      3,178 shares at December 31, 2011 and 2010, respectively; convertible      on a share-per-share basis into Class A common stock |   |         | 2,679     |   |         |   | 2,677 |   |
|                                                                                                                                                                                                                                                                                         |   |         |      |   |         |   |   |   |
|     Less cost of 253 and 255 Class A common shares held in      treasury at December 31, 2011 and 2010, respectively                                                                                                                       |   |         | (2,225    | )      |         |   | (2,249 | ) |
|                                                                                                                                                                                                                                                                                         |   |         |      |   |         |   |   |   |
|   Paid-in capital                                                                                                                                                                                                                                                                  |   |         | 32,795    |   |         |   | 37,075 |   |
|   Retained earnings                                                                                                                                                                                                                                                                |   |         | 99,433    |   |         |   | 93,607 |   |
|        Total General Communication, Inc. stockholders' equity                                                                                                                                                                                             |   |         | 158,861   |   |         |   | 200,506 |   |
|   Non-controlling interest                                                                                                                                                                                                                                                         |   |         | 16,308    |   |         |   | - |   |
|        Total stockholders' equity                                                                                                                                                                                                                         |   |         | 175,169   |   |         |   | 200,506 |   |
|                                                                                                                                                                                                                                                                                         |   |         |      |   |         |   |   |   |
|        Total liabilities and stockholders' equity                                                                                                                                                                                                         |   | $            | 1,448,904 |   |         |   | 1,351,760 |   |

----

| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES                                                                           |   |   |    |   |   |   |    |   |   |
|------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
| CONSOLIDATED STATEMENTS OF OPERATIONS                                                                                  |   |   |    |   |   |   |    |   |   |
| YEARS ENDED DECEMBER 31, 2011, 2010 AND 2009(Unaudited)                                                                |   |   |    |   |   |   |    |   |   |
|                                                                                                                   |   |   |    |   |   |   |    |   |   |
|                                                                                                                   |   |   |    |   |   |   |    |   |   |
| (Amounts in thousands, except per share amounts)                                                                       |   | 2011   |    |   | 2010   |   |    | 2009   |   |
|                                                                                                                   |   |   |    |   |   |   |    |   |   |
| Revenues                                                                                                               |   | $      | 679,381 |   |   |   | 651,250 |   |   |   | 595,811 |   |
|                                                                                                                   |   |   |    |   |   |   |    |   |   |   |   |   |
| Cost of goods sold (exclusive of depreciation and amortization shown  separately below)                      |   |   | 227,399 |   |   |   | 207,817 |   |   |   | 193,676 |   |
| Selling, general and administrative expenses                                                                           |   |   | 235,521 |   |   |   | 228,808 |   |   |   | 212,671 |   |
| Depreciation and amortization expense                                                                                  |   |   | 125,742 |   |   |   | 126,114 |   |   |   | 123,362 |   |
|    Operating income                                                                                     |   |   | 90,719  |   |   |   | 88,511  |   |   |   | 66,102 |   |
|                                                                                                                   |   |   |    |   |   |   |    |   |   |   |   |   |
| Other income (expense):                                                                                                |   |   |    |   |   |   |    |   |   |   |   |   |
|   Interest expense (including amortization and write-off of deferred loan fees)                              |   |   | (68,258 | )      |   |   | (70,329 | )      |   |   | (58,761 | ) |
|   Loss on extinguishment of debt                                                                             |   |   | (9,111  | )      |   |   | -       |   |   |   | - |   |
|   Interest income                                                                                            |   |   | 33      |   |   |   | 261     |   |   |   | 111 |   |
|   Other                                                                                                      |   |   | (297    | )      |   |   | -       |   |   |   | - |   |
|    Other expense, net                                                                                   |   |   | (77,633 | )      |   |   | (70,068 | )      |   |   | (58,650 | ) |
|                                                                                                                   |   |   |    |   |   |   |    |   |   |   |   |   |
|    Income before income tax expense                                                                     |   |   | 13,086  |   |   |   | 18,443  |   |   |   | 7,452 |   |
|                                                                                                                   |   |   |    |   |   |   |    |   |   |   |   |   |
| Income tax expense                                                                                                     |   |   | 7,485   |   |   |   | 9,488   |   |   |   | 3,936 |   |
|                                                                                                                   |   |   |    |   |   |   |    |   |   |   |   |   |
|    Net income                                                                                           |   |   | 5,601   |   |   |   | 8,955   |   |   |   | 3,516 |   |
|                                                                                                                   |   |   |    |   |   |   |    |   |   |   |   |   |
| Net loss attributable to the non-controlling interest                                                                  |   |   | 238     |   |   |   | -       |   |   |   | - |   |
|                                                                                                                   |   |   |    |   |   |   |    |   |   |   |   |   |
|    Net income attributable to General Communication, Inc.                                               |   | $      | 5,839   |   |   |   | 8,955   |   |   |   | 3,516 |   |
|                                                                                                                   |   |   |    |   |   |   |    |   |   |   |   |   |
| Basic net income attributable to General Communication, Inc.  common stockholders per Class A common share   |   | $      | 0.13    |   |   |   | 0.17    |   |   |   | 0.07 |   |
| Basic net income attributable to General Communication, Inc.  common stockholders per Class B common share   |   | $      | 0.13    |   |   |   | 0.17    |   |   |   | 0.07 |   |
| Diluted net income attributable to General Communication, Inc.  common stockholders per Class A common share |   | $      | 0.12    |   |   |   | 0.17    |   |   |   | 0.06 |   |
| Diluted net income attributable to General Communication, Inc.  common stockholders per Class B common share |   | $      | 0.12    |   |   |   | 0.17    |   |   |   | 0.06 |   |
| Common shares used to calculate Class A basic EPS                                                                      |   |   | 42,175  |   |   |   | 50,076  |   |   |   | 50,159 |   |
|                                                                                                                   |   |   |    |   |   |   |    |   |   |   |   |   |
| Common shares used to calculate Class A diluted EPS                                                                    |   |   | 45,889  |   |   |   | 53,426  |   |   |   | 53,848 |   |

----

| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES           |
|--------------------------------------------------------|
| SUPPLEMENTAL SCHEDULES                                 |
| (Unaudited)                                            |   |
| (Amounts in thousands)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | Fourth Quarter 2011 |   |   | Fourth Quarter 2010 |   |
|                                                   |   |   |   |   | Network |   |   |   |   |   | Managed |   |   |  Regulated |   |   |   |   |   | Network |   |   |   |   |   | Managed |   |   |  Regulated |   |
|                                                   |   | Consumer |   |   | Access |   |   | Commercial |   |   | Broadband |   |   | Operations |   |   | Totals |   |   | Consumer |   |   | Access |   |   | Commercial |   |   | Broadband |   |   | Operations |   |   | Totals |   |
| Revenues                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Voice                                      |   | $ | 11,511 |   |   |   | 5,429 |   |   |   | 6,662 |   |   |   | - |   |   |   | 5,044 |   |   |   | 28,646 |   |   | $ | 13,606 |   |   |   | 6,561 |   |   |   | 7,404 |   |   |   | - |   |   |   | 5,443 |   |   |   | 33,014 |   |
|   Video                                      |   |   | 29,595 |   |   |   | - |   |   |   | 2,999 |   |   |   | - |   |   |   | - |   |   |   | 32,594 |   |   |   | 30,379 |   |   |   | - |   |   |   | 3,269 |   |   |   | - |   |   |   | - |   |   |   | 33,648 |   |
|   Data                                       |   |   | 19,931 |   |   |   | 15,321 |   |   |   | 22,308 |   |   |   | 17,207 |   |   |   | - |   |   |   | 74,767 |   |   |   | 16,833 |   |   |   | 15,134 |   |   |   | 20,279 |   |   |   | 13,942 |   |   |   | - |   |   |   | 66,188 |   |
|   Wireless                                   |   |   | 25,299 |   |   |   | 4,991 |   |   |   | 2,515 |   |   |   | - |   |   |   | - |   |   |   | 32,805 |   |   |   | 25,850 |   |   |   | 4,033 |   |   |   | 2,263 |   |   |   | - |   |   |   | - |   |   |   | 32,146 |   |
|     Total                          |   |   | 86,336 |   |   |   | 25,741 |   |   |   | 34,484 |   |   |   | 17,207 |   |   |   | 5,044 |   |   |   | 168,812 |   |   |   | 86,668 |   |   |   | 25,728 |   |   |   | 33,215 |   |   |   | 13,942 |   |   |   | 5,443 |   |   |   | 164,996 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of goods sold                                     |   |   | 27,938 |   |   |   | 5,972 |   |   |   | 16,140 |   |   |   | 3,987 |   |   |   | 1,628 |   |   |   | 55,665 |   |   |   | 27,282 |   |   |   | 6,576 |   |   |   | 15,686 |   |   |   | 4,089 |   |   |   | 1,037 |   |   |   | 54,670 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Contribution                   |   |   | 58,398 |   |   |   | 19,769 |   |   |   | 18,344 |   |   |   | 13,220 |   |   |   | 3,416 |   |   |   | 113,147 |   |   |   | 59,386 |   |   |   | 19,152 |   |   |   | 17,529 |   |   |   | 9,853 |   |   |   | 4,406 |   |   |   | 110,326 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less SG&A                                          |   |   | 36,550 |   |   |   | 8,189 |   |   |   | 10,959 |   |   |   | 5,234 |   |   |   | 3,546 |   |   |   | 64,478 |   |   |   | 34,271 |   |   |   | 9,649 |   |   |   | 10,559 |   |   |   | 4,683 |   |   |   | 3,153 |   |   |   | 62,315 |   |
| Less Other expense                                     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 205 |   |   |   | - |   |   |   | 205 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|     EBITDA                         |   |   | 21,848 |   |   |   | 11,580 |   |   |   | 7,385 |   |   |   | 7,781 |   |   |   | (130 | ) |   |   | 48,464 |   |   |   | 25,115 |   |   |   | 9,503 |   |   |   | 6,970 |   |   |   | 5,170 |   |   |   | 1,253 |   |   |   | 48,011 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Add share-based  compensation                |   |   | 1,769 |   |   |   | 646 |   |   |   | 630 |   |   |   | 335 |   |   |   | 16 |   |   |   | 3,396 |   |   |   | 1,032 |   |   |   | 479 |   |   |   | 332 |   |   |   | 191 |   |   |   | 3 |   |   |   | 2,037 |   |
| Add accretion                                          |   |   | 93 |   |   |   | 30 |   |   |   | 27 |   |   |   | 13 |   |   |   | - |   |   |   | 163 |   |   |   | 149 |   |   |   | 71 |   |   |   | 43 |   |   |   | 26 |   |   |   | - |   |   |   | 289 |   |
| Add loss from   noncontrolling interest |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 238 |   |   |   | - |   |   |   | 238 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|     Adjusted EBITDA                |   | $ | 23,710 |   |   |   | 12,256 |   |   |   | 8,042 |   |   |   | 8,367 |   |   |   | (114 | ) |   |   | 52,261 |   |   | $ | 26,296 |   |   |   | 10,053 |   |   |   | 7,345 |   |   |   | 5,387 |   |   |   | 1,256 |   |   |   | 50,337 |   |

----

| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES           |
|--------------------------------------------------------|
| SUPPLEMENTAL SCHEDULES                                 |
| (Unaudited)                                            |
| (Amounts in thousands)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | Fourth Quarter 2011 |   |   | Third Quarter 2011 |
|                                                   |   |   |   |   | Network |   |   |   |   |   | Managed |   |   |  Regulated |   |   |   |   |   | Network |   |   |   |   |   | Managed |   |   |  Regulated |   |
|                                                   |   | Consumer |   |   | Access |   |   | Commercial |   |   | Broadband |   |   | Operations |   |   | Totals |   |   | Consumer |   |   | Access |   |   | Commercial |   |   | Broadband |   |   | Operations |   |   | Totals |   |
| Revenues                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Voice                                      |   | $ | 11,511 |   |   |   | 5,429 |   |   |   | 6,662 |   |   |   | - |   |   |   | 5,044 |   |   |   | 28,646 |   |   | $ | 13,164 |   |   |   | 6,213 |   |   |   | 7,137 |   |   |   | - |   |   |   | 5,990 |   |   |   | 32,504 |   |
|   Video                                      |   |   | 29,595 |   |   |   | - |   |   |   | 2,999 |   |   |   | - |   |   |   | - |   |   |   | 32,594 |   |   |   | 29,155 |   |   |   | - |   |   |   | 2,830 |   |   |   | - |   |   |   | - |   |   |   | 31,985 |   |
|   Data                                       |   |   | 19,931 |   |   |   | 15,321 |   |   |   | 22,308 |   |   |   | 17,207 |   |   |   | - |   |   |   | 74,767 |   |   |   | 18,088 |   |   |   | 17,140 |   |   |   | 23,040 |   |   |   | 17,407 |   |   |   | - |   |   |   | 75,675 |   |
|   Wireless                                   |   |   | 25,299 |   |   |   | 4,991 |   |   |   | 2,515 |   |   |   | - |   |   |   | - |   |   |   | 32,805 |   |   |   | 28,860 |   |   |   | 6,114 |   |   |   | 2,565 |   |   |   | - |   |   |   | - |   |   |   | 37,539 |   |
|     Total                          |   |   | 86,336 |   |   |   | 25,741 |   |   |   | 34,484 |   |   |   | 17,207 |   |   |   | 5,044 |   |   |   | 168,812 |   |   |   | 89,267 |   |   |   | 29,467 |   |   |   | 35,572 |   |   |   | 17,407 |   |   |   | 5,990 |   |   |   | 177,703 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of goods sold                                     |   |   | 27,938 |   |   |   | 5,972 |   |   |   | 16,140 |   |   |   | 3,987 |   |   |   | 1,628 |   |   |   | 55,665 |   |   |   | 27,436 |   |   |   | 9,531 |   |   |   | 17,232 |   |   |   | 4,540 |   |   |   | 1,925 |   |   |   | 60,664 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Contribution                   |   |   | 58,398 |   |   |   | 19,769 |   |   |   | 18,344 |   |   |   | 13,220 |   |   |   | 3,416 |   |   |   | 113,147 |   |   |   | 61,831 |   |   |   | 19,936 |   |   |   | 18,340 |   |   |   | 12,867 |   |   |   | 4,065 |   |   |   | 117,039 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less SG&A                                          |   |   | 36,550 |   |   |   | 8,189 |   |   |   | 10,959 |   |   |   | 5,234 |   |   |   | 3,546 |   |   |   | 64,478 |   |   |   | 31,737 |   |   |   | 6,300 |   |   |   | 9,358 |   |   |   | 4,031 |   |   |   | 3,027 |   |   |   | 54,453 |   |
| Less Other expense                                     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 205 |   |   |   | - |   |   |   | 205 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 59 |   |   |   | - |   |   |   | 59 |   |
|     EBITDA                         |   |   | 21,848 |   |   |   | 11,580 |   |   |   | 7,385 |   |   |   | 7,781 |   |   |   | (130 | ) |   |   | 48,464 |   |   |   | 30,094 |   |   |   | 13,636 |   |   |   | 8,982 |   |   |   | 8,777 |   |   |   | 1,038 |   |   |   | 62,527 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Add share-based  compensation                |   |   | 1,769 |   |   |   | 646 |   |   |   | 630 |   |   |   | 335 |   |   |   | 16 |   |   |   | 3,396 |   |   |   | 173 |   |   |   | 56 |   |   |   | 104 |   |   |   | 51 |   |   |   | - |   |   |   | 384 |   |
| Add accretion                                          |   |   | 93 |   |   |   | 30 |   |   |   | 27 |   |   |   | 13 |   |   |   | - |   |   |   | 163 |   |   |   | 106 |   |   |   | 37 |   |   |   | 31 |   |   |   | 16 |   |   |   | - |   |   |   | 190 |   |
| Add loss from   noncontrolling interest |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 238 |   |   |   | - |   |   |   | 238 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|     Adjusted EBITDA                |   | $ | 23,710 |   |   |   | 12,256 |   |   |   | 8,042 |   |   |   | 8,367 |   |   |   | (114 | ) |   |   | 52,261 |   |   | $ | 30,373 |   |   |   | 13,729 |   |   |   | 9,117 |   |   |   | 8,844 |   |   |   | 1,038 |   |   |   | 63,101 |   |

----

| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES           |
|--------------------------------------------------------|
| SUPPLEMENTAL SCHEDULES                                 |
| (Unaudited)                                            |
| (Amounts in thousands)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | Twelve Months Ended December 31, 2011 |   |   | Twelve Months Ended December 31, 2010 |   |
|                                                   |   |   |   |   | Network |   |   |   |   |   | Managed |   |   |  Regulated |   |   |   |   |   | Network |   |   |   |   |   | Managed |   |   |  Regulated |   |
|                                                   |   | Consumer |   |   | Access |   |   | Commercial |   |   | Broadband |   |   | Operations |   |   | Totals |   |   | Consumer |   |   | Access |   |   | Commercial |   |   | Broadband |   |   | Operations |   |   | Totals |   |
| Revenues                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Voice                                      |   | $ | 52,052 |   |   |   | 23,553 |   |   |   | 28,712 |   |   |   | - |   |   |   | 22,002 |   |   |   | 126,319 |   |   | $ | 57,317 |   |   |   | 29,032 |   |   |   | 31,720 |   |   |   | - |   |   |   | 22,705 |   |   |   | 140,774 |   |
|   Video                                      |   |   | 118,635 |   |   |   | - |   |   |   | 11,605 |   |   |   | - |   |   |   | - |   |   |   | 130,240 |   |   |   | 118,475 |   |   |   | - |   |   |   | 11,178 |   |   |   | - |   |   |   | - |   |   |   | 129,653 |   |
|   Data                                       |   |   | 71,977 |   |   |   | 62,456 |   |   |   | 85,961 |   |   |   | 63,248 |   |   |   | - |   |   |   | 283,642 |   |   |   | 61,364 |   |   |   | 61,494 |   |   |   | 76,823 |   |   |   | 49,962 |   |   |   | - |   |   |   | 249,643 |   |
|   Wireless                                   |   |   | 109,910 |   |   |   | 19,447 |   |   |   | 9,823 |   |   |   | - |   |   |   | - |   |   |   | 139,180 |   |   |   | 105,742 |   |   |   | 16,701 |   |   |   | 8,737 |   |   |   | - |   |   |   | - |   |   |   | 131,180 |   |
|     Total                          |   |   | 352,574 |   |   |   | 105,456 |   |   |   | 136,101 |   |   |   | 63,248 |   |   |   | 22,002 |   |   |   | 679,381 |   |   |   | 342,898 |   |   |   | 107,227 |   |   |   | 128,458 |   |   |   | 49,962 |   |   |   | 22,705 |   |   |   | 651,250 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of goods sold                                     |   |   | 110,693 |   |   |   | 28,744 |   |   |   | 65,170 |   |   |   | 17,021 |   |   |   | 5,771 |   |   |   | 227,399 |   |   |   | 104,481 |   |   |   | 25,030 |   |   |   | 59,885 |   |   |   | 14,012 |   |   |   | 4,409 |   |   |   | 207,817 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Contribution                   |   |   | 241,881 |   |   |   | 76,712 |   |   |   | 70,931 |   |   |   | 46,227 |   |   |   | 16,231 |   |   |   | 451,982 |   |   |   | 238,417 |   |   |   | 82,197 |   |   |   | 68,573 |   |   |   | 35,950 |   |   |   | 18,296 |   |   |   | 443,433 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less SG&A                                          |   |   | 134,951 |   |   |   | 27,837 |   |   |   | 41,085 |   |   |   | 18,246 |   |   |   | 13,402 |   |   |   | 235,521 |   |   |   | 127,130 |   |   |   | 33,566 |   |   |   | 38,838 |   |   |   | 17,338 |   |   |   | 11,936 |   |   |   | 228,808 |   |
| Less Other expense                                     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 297 |   |   |   | - |   |   |   | 297 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|     EBITDA                         |   |   | 106,930 |   |   |   | 48,875 |   |   |   | 29,846 |   |   |   | 27,684 |   |   |   | 2,829 |   |   |   | 216,164 |   |   |   | 111,287 |   |   |   | 48,631 |   |   |   | 29,735 |   |   |   | 18,612 |   |   |   | 6,360 |   |   |   | 214,625 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Add share-based  compensation                |   |   | 3,457 |   |   |   | 1,214 |   |   |   | 1,276 |   |   |   | 657 |   |   |   | 16 |   |   |   | 6,620 |   |   |   | 3,361 |   |   |   | 1,598 |   |   |   | 1,117 |   |   |   | 651 |   |   |   | 6 |   |   |   | 6,733 |   |
| Add accretion                                          |   |   | 347 |   |   |   | 120 |   |   |   | 100 |   |   |   | 52 |   |   |   | - |   |   |   | 619 |   |   |   | 149 |   |   |   | 71 |   |   |   | 43 |   |   |   | 26 |   |   |   | - |   |   |   | 289 |   |
| Add loss from   noncontrolling interest |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 238 |   |   |   | - |   |   |   | 238 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Add non-cash  contribution adjustment        |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (81 | ) |   |   | (41 | ) |   |   | (24 | ) |   |   | (14 | ) |   |   | - |   |   |   | (160 | ) |
|     Adjusted EBITDA                |   | $ | 110,734 |   |   |   | 50,209 |   |   |   | 31,222 |   |   |   | 28,631 |   |   |   | 2,845 |   |   |   | 223,641 |   |   | $ | 114,716 |   |   |   | 50,259 |   |   |   | 30,871 |   |   |   | 19,275 |   |   |   | 6,366 |   |   |   | 221,487 |   |

----

| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES        |   |
|-----------------------------------------------------|--------|
| KEY PERFORMANCE INDICATORS                          |   |
| (Unaudited)                                         |   |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                |   |   |   |   |   |   |   |   |   |   | December 31, 2011 |   |   | December 31, 2011 |   |
|                                                |   |   |   |   |   |   |   |   |   |   | as Compared to |   |   | as Compared to |   |
|                                                |   | December 31, |   | December 31, |   | September 30, |   |   | December 31, |   |   | September 30, |   | December 31, |   | September 30, |   |
|                                                |   | 2011 |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |   | 2011 |   |
| Consumer                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Voice                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long-distance subscribers                           |   |   | 79,500 |   |   |   | 88,200 |   |   |   | 81,700 |   |   |   | (8,700 | ) |   |   | (2,200 | ) |   |   | -9.9 | % |   |   | -2.7 | % |
| Total local access lines in service                 |   |   | 77,600 |   |   |   | 84,800 |   |   |   | 79,100 |   |   |   | (7,200 | ) |   |   | (1,500 | ) |   |   | -8.5 | % |   |   | -1.9 | % |
| Local access lines in service on GCI facilities     |   |   | 72,000 |   |   |   | 77,400 |   |   |   | 73,200 |   |   |   | (5,400 | ) |   |   | (1,200 | ) |   |   | -7.0 | % |   |   | -1.6 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Video                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic subscribers                                   |   |   | 125,000 |   |   |   | 130,000 |   |   |   | 126,400 |   |   |   | (5,000 | ) |   |   | (1,400 | ) |   |   | -3.8 | % |   |   | -1.1 | % |
| Digital programming tier subscribers                |   |   | 75,600 |   |   |   | 81,800 |   |   |   | 76,700 |   |   |   | (6,200 | ) |   |   | (1,100 | ) |   |   | -7.6 | % |   |   | -1.4 | % |
| HD/DVR converter boxes                              |   |   | 89,400 |   |   |   | 88,100 |   |   |   | 87,400 |   |   |   | 1,300 |   |   |   | 2,000 |   |   |   | 1.5 | % |   |   | 2.3 | % |
| Homes passed                                        |   |   | 242,100 |   |   |   | 238,500 |   |   |   | 239,800 |   |   |   | 3,600 |   |   |   | 2,300 |   |   |   | 1.5 | % |   |   | 1.0 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Data                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cable modem subscribers                             |   |   | 108,300 |   |   |   | 105,700 |   |   |   | 106,800 |   |   |   | 2,600 |   |   |   | 1,500 |   |   |   | 2.5 | % |   |   | 1.4 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Wireless                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Wireless lines in service                           |   |   | 124,600 |   |   |   | 124,900 |   |   |   | 125,800 |   |   |   | (300 | ) |   |   | (1,200 | ) |   |   | -0.2 | % |   |   | -1.0 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Network Access Services                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Data:                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total ISP access lines in service                   |   |   | 1,700 |   |   |   | 1,700 |   |   |   | 1,600 |   |   |   | - |   |   |   | 100 |   |   |   | 0.0 | % |   |   | 6.3 | % |
| Total ISP access lines in service on GCI facilities |   |   | 1,400 |   |   |   | 1,300 |   |   |   | 1,400 |   |   |   | 100 |   |   |   | - |   |   |   | 7.7 | % |   |   | 0.0 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Voice:                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long-distance subscribers                           |   |   | 8,300 |   |   |   | 9,100 |   |   |   | 8,600 |   |   |   | (800 | ) |   |   | (300 | ) |   |   | -8.8 | % |   |   | -3.5 | % |
| Total local access lines in service                 |   |   | 49,700 |   |   |   | 48,300 |   |   |   | 49,200 |   |   |   | 1,400 |   |   |   | 500 |   |   |   | 2.9 | % |   |   | 1.0 | % |
| Local access lines in service on GCI facilities     |   |   | 27,300 |   |   |   | 21,200 |   |   |   | 25,800 |   |   |   | 6,100 |   |   |   | 1,500 |   |   |   | 28.8 | % |   |   | 5.8 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Video                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Hotels and mini-headend  subscribers      |   |   | 15,700 |   |   |   | 15,300 |   |   |   | 18,000 |   |   |   | 400 |   |   |   | (2,300 | ) |   |   | 2.6 | % |   |   | -12.8 | % |
| Basic subscribers                                   |   |   | 1,900 |   |   |   | 1,800 |   |   |   | 2,000 |   |   |   | 100 |   |   |   | (100 | ) |   |   | 5.6 | % |   |   | -5.0 | % |
|    Total basic subscribers           |   |   | 17,600 |   |   |   | 17,100 |   |   |   | 20,000 |   |   |   | 500 |   |   |   | (2,400 | ) |   |   | 2.9 | % |   |   | -12.0 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Data                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cable modem subscribers                             |   |   | 11,100 |   |   |   | 10,700 |   |   |   | 11,100 |   |   |   | 400 |   |   |   | - |   |   |   | 3.7 | % |   |   | 0.0 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Wireless                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Wireless lines in service                           |   |   | 15,300 |   |   |   | 13,800 |   |   |   | 14,900 |   |   |   | 1,500 |   |   |   | 400 |   |   |   | 10.9 | % |   |   | 2.7 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Regulated Operations                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Voice:                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total local access lines in service                 |   |   | 9,100 |   |   |   | 10,000 |   |   |   | 9,300 |   |   |   | (900 | ) |   |   | (200 | ) |   |   | -9.0 | % |   |   | -2.2 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   | December 31, 2011 |   | December 31, 2011 |
|                                                |   | Three Months Ended |   |   |   |   |   |   | as Compared to |   | as Compared to |
|                                                |   | December 31, |   | December 31, |   | September 30, |   |   | December 31, |   |   | September 30, |   | December 31, |   | September 30, |   |
|                                                |   |  2011 |   |  2010 |   |  2011 |   |  2010 |   |  2011 |   |  2010 |   |  2011 |
| Consumer                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Voice                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long-distance minutes carried (in millions)         |   |   | 24.7 |   |   |   | 26.2 |   |   |   | 22.3 |   |   |   | (1.5 | ) |   |   | 2.4 |   |   |   | -5.7 | % |   |   | 10.8 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Video                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average monthly gross revenue per subscriber        |   | $ | 78.51 |   |   | $ | 77.77 |   |   | $ | 76.85 |   |   | $ | 0.74 |   |   | $ | 1.66 |   |   |   | 1.0 | % |   |   | 2.2 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Wireless                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average monthly gross revenue per subscriber        |   | $ | 61.40 |   |   | $ | 64.88 |   |   | $ | 72.60 |   |   | $ | (3.48 | ) |   | $ | (11.20 | ) |   |   | -5.4 | % |   |   | -15.4 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Network Access Services                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Voice                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long-distance minutes carried (in millions)         |   |   | 179.6 |   |   |   | 185.0 |   |   |   | 202.5 |   |   |   | (5.4 | ) |   |   | (22.9 | ) |   |   | -2.9 | % |   |   | -11.3 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Voice:                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long-distance minutes carried (in millions)         |   |   | 27.0 |   |   |   | 27.3 |   |   |   | 28.4 |   |   |   | (0.3 | ) |   |   | (1.4 | ) |   |   | -1.1 | % |   |   | -4.9 | % |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long-distance minutes carried (in millions)         |   |   | 231.3 |   |   |   | 238.5 |   |   |   | 253.2 |   |   |   | (7.2 | ) |   |   | (21.9 | ) |   |   | -3.0 | % |   |   | -8.6 | % |

|                                        |   |                |   |   |           |   |    | December 31, 2011 |   |   | December 31, 2011 |   |
|---------------------------------------------|--------|---------------------|--------|--------|----------------|--------|---------|-------------------|--------|--------|-------------------|--------|
|                                        |   | Twelve Months Ended |   |   | as Compared to |   |    | as Compared to    |   |
|                                        |   | December 31,        |   |   | December 31,   |   |    | December 31,      |   |   | December 31,      |   |
|                                        |   | 2011                |   |   | 2010           |   |    | 2010              |   |   | 2010              |   |
| Consumer                                    |   |                |   |   |           |   |    |              |   |   |              |   |
| Voice                                       |   |                |   |   |           |   |    |              |   |   |              |   |
| Long-distance minutes carried (in millions) |   |                | 94.7   |   |           |   | 106.9   |              |   |   | (12.2)            |   |   |   | -11.4% |   |
|                                        |   |                |   |   |           |   |    |              |   |   |              |   |   |   |   |   |
| Network Access Services                     |   |                |   |   |           |   |    |              |   |   |              |   |   |
| Voice                                       |   |                |   |   |           |   |    |              |   |   |              |   |   |   |   |   |
| Long-distance minutes carried (in millions) |   |                | 760.5  |   |           |   | 785.4   |              |   |   | (24.9)            |   |   |   | -3.2% |   |
|                                        |   |                |   |   |           |   |    |              |   |   |              |   |   |   |   |   |
| Commercial                                  |   |                |   |   |           |   |    |              |   |   |              |   |   |   |   |   |
| Voice:                                      |   |                |   |   |           |   |    |              |   |   |              |   |   |   |   |   |
| Long-distance minutes carried (in millions) |   |                | 111.8  |   |           |   | 116.0   |              |   |   | (4.2)             |   |   |   | -3.6% |   |
|                                        |   |                |   |   |           |   |    |              |   |   |              |   |   |   |   |   |
| Total                                       |   |                |   |   |           |   |    |              |   |   |              |   |   |   |   |   |
| Long-distance minutes carried (in millions) |   |                | 967.0  |   |           |   | 1,008.3 |              |   |   | (41.3)            |   |   |   | -4.1% |   |

----

| General Communication, Inc.                                                             |   |               |   |   |         |   |   |          |   |
|-----------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------------|--------|--------|---------------|--------|
| Non-GAAP Financial Reconciliation Schedule                                              |   |               |   |   |         |   |   |          |   |
| (Unaudited, Amounts in Millions)                                                        |   |               |   |   |         |   |   |          |   |
|                                                                                    |   |               |   |   |         |   |   |          |   |
|                                                                                    |   |               |   |   |         |   |   |          |   |
|                                                                                    |   | Three Months Ended |   |
|                                                                                    |   | December 31,       |   |   | December 31, |   |   | September 30, |   |
|                                                                                    |   | 2011               |   |   | 2010         |   |   | 2011          |   |
| Net income (loss)                                                                       |   | $                  | (1.1   | )      |         |   | (2.2   | )             |   |   | 7.2 |   |
| Income tax expense (benefit)                                                            |   |               | (0.0   | )      |         |   | (0.8   | )             |   |   | 8.0 |   |
| Income (loss) before income tax expense (benefit)                                  |   |               | (1.1   | )      |         |   | (3.0   | )             |   |   | 15.2 |   |
|                                                                                    |   |               |   |   |         |   |   |          |   |   |   |   |
| Other expense:                                                                          |   |               |   |   |         |   |   |          |   |   |   |   |
| Interest expense (including amortization and write-off of deferred loan fees) |   |               | 16.9   |   |         |   | 17.1   |          |   |   | 16.7 |   |
| Other                                                                                   |   |               | 0.2    |   |         |   | -      |          |   |   | - |   |
| Other expense, net                                                                      |   |               | 17.1   |   |         |   | 17.1   |          |   |   | 16.7 |   |
|                                                                                    |   |               |   |   |         |   |   |          |   |   |   |   |
| Operating income                                                                        |   |               | 16.0   |   |         |   | 14.1   |          |   |   | 31.9 |   |
| Depreciation and amortization expense                                                   |   |               | 32.7   |   |         |   | 33.9   |          |   |   | 30.7 |   |
| Equity investment                                                                       |   |               | (0.2   | )      |         |   | -      |          |   |   | - |   |
|                                                                                    |   |               |   |   |         |   |   |          |   |   |   |   |
| EBITDA (Note 2)                                                                         |   |               | 48.5   |   |         |   | 48.0   |          |   |   | 62.6 |   |
| Share-based compensation                                                                |   |               | 3.4    |   |         |   | 2.0    |          |   |   | 0.4 |   |
| Accretion                                                                               |   |               | 0.2    |   |         |   | 0.3    |          |   |   | 0.1 |   |
| Non-controlling interest                                                                |   |               | 0.2    |   |         |   | -      |          |   |   | - |   |
| Adjusted EBITDA (Note 1)                                                                |   | $                  | 52.3   |   |         |   | 50.3   |          |   |   | 63.1 |   |

----

| General Communication, Inc.                                                                         |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
|-----------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------|
| Non-GAAP Financial Reconciliation Schedule                                                          |                                                                                                 |                                                                                                 |
| (Unaudited, Amounts in Millions)                                                                    |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
|                                                                                                |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
|                                                                                                |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
|                                                                                                |                                                                                                 |   Year Ended                                                                                    |
|                                                                                                |                                                                                                 |                                                                                                 |  December 31,                                                                                                  |                                                                                                 | December 31,                                                                                                        |
|                                                                                                |                                                                                                 |                                                                                                 | 2011                                                                                                                |                                                                                                 | 2010                                                                                                                |
| Net income                                                                                          |                                                                                                 | $                                                                                                    |                   5.6     |                                                                                                 |                   9.0     |
| Income tax expense                                                                                  |                                                                                                 |                                                                                                 |                   7.5     |                                                                                                 |                   9.4     |
| Income before income tax expense                                                                    |                                                                                                 |                 13.1 |                                                                                                                |                 18.4 |
|                                                                                                |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
| Other expense:                                                                                      |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
| Interest expense (including  amortization and write-off of deferred  loan fees) |                 68.3 |                                                                                                 |                 70.3                |
| Interest income                                                                                     |                                                                                                 |                                                                                                 |                    - |                                                                                                 |                  (0.2)         |
| Loss on extinguishment of debt                                                                      |                                                                                                 |                                                                                                 |                   9.1     |                                                                                                 |                    - |
| Other                                                                                               |                                                                                                 |                                                                                                 |                   0.2     |                                                                                                 |                    - |
| Other expense, net                                                                                  |                                                                                                 |                                                                                                 |                 77.6                |                                                                                                 |                 70.1                |
|                                                                                                |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
| Operating income                                                                                    |                                                                                                 |                                                                                                 |                 90.7                |                                                                                                 |                 88.5                |
| Depreciation and amortization expense                                                               |               125.7            |                                                                                                 |               126.1                           |
| Equity investment                                                                                   |                                                                                                 |                                                                                                 |                  (0.2)         |                                                                                                 |                    - |
|                                                                                                |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
| EBITDA (Note 2)                                                                                     |                                                                                                 |                                                                                                 |               216.2                           |                                                                                                 |               214.6                           |
| Share-based compensation                                                                            |                                                                                                 |                                                                                                 |                   6.6     |                                                                                                 |                   6.7     |
| Accretion                                                                                           |                                                                                                 |                                                                                                 |                   0.6     |                                                                                                 |                   0.3     |
| Non-controlling interest                                                                            |                                                                                                 |                                                                                                 |                   0.2     |                                                                                                 |                    - |
| Non-cash contribution adjustment                                                                    |                                                                                                 |                                                                                                 |                    - |                                                                                                 |                  (0.1)         |
| Adjusted EBITDA (Note 1)                                                                            |                                                                                                 | $                                                                                                    |               223.6                           |                                                                                                 |               221.5                           |
|                                                                                                |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
|                                                                                                |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
|                                                                                                |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
|                                                                                                |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
| Notes:                                                                                              |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
| (1) EBITDA (as defined in Note 2 below) before deducting share-based compensation,                  |
| accretion expense, loss attributable to non-controlling interest and non-cash                       |
| contribution adjustment.                                                                            |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
|                                                                                                |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |
| (2) Earnings Before Interest, Taxes, Depreciation and Amortization is the sum of Net                |
| Income, Interest Expense (including Amortization of Deferred Loan Fees), Interest                   |
| Income, Income Tax Expense, and Depreciation and Amortization Expense.                              |
| EBITDA is not presented as an alternative measure of net income, operating                          |
| income or cash flow from operations, as determined in accordance with accounting                    |
| principles generally accepted in the United States of America. GCI's management                |
| uses EBITDA to evaluate the operating performance of its business, and as a                         |
| measure of performance for incentive compensation purposes. GCI believes                       |
| EBITDA is a measure used as an analytical indicator of income generated to service                  |
| debt and fund capital expenditures. In addition, multiples of current or projected             |
| EBITDA are used to estimate current or prospective enterprise value. EBITDA does               |
| not give effect to cash used for debt service requirements, and thus does not reflect               |
| funds available for investment or other discretionary uses. EBITDA as presented                |
| herein may not be comparable to similarly titled measures reported by other                         |
| companies.                                                                                          |                                                                                                 |                                                                                                 |                                                                                                                |                                                                                                 |                                                                                                                |

----