CTL CenturyLink Inc

CenturyLink, Inc. (the “Company” or “we” or “us”) always welcomes constructive input from its shareholders. We actively seek this input through our shareholder engagement efforts on a year-round basis. During the course of our engagement cycle, one of our significant shareholders requested that we prepare and disseminate a sum of the parts analysis to support the belief that our stock price may currently be undervalued by the market. We took this request seriously and, in response, have prepared the requested analysis which is included in an investor presentation (the “Investor Presentation”). The Investor Presentation highlights our global fiber network, its role in serving as a platform for emerging applications and its underlying value proposition and is largely based on information disclosed by us or Level 3 Parent, LLC in reports filed or furnished under the Securities Exchange Act of 1934 or otherwise disclosed in conformity with Regulation FD. A copy of the Investor Presentation will be posted to our website at ir.centurylink.com.

The Investor Presentation may be referenced by Jeff Storey, president and chief executive officer, during a conference call with Wells Fargo Securities on June 30, 2020. The presentation is scheduled to begin at 10:00 a.m. Eastern Time.

The information in this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing of CenturyLink, Inc. under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing. The furnishing of this information hereby shall not be deemed an admission of the materiality of any such information.

Forward-Looking Statements

Except for historical and factual information, the matters set forth or referenced in this Current Report on Form 8-K identified by words such as “will,” “should,” “expects,” “anticipates,” “believes,” “plans,” “intends,” and similar expressions are forward-looking statements as defined by the federal securities laws, and are subject to the “safe harbor” protections thereunder. These forward-looking statements are not guarantees of future results and are based on current expectations only, and are subject to various uncertainties. Actual events and results may differ materially from those anticipated by us in those statements. We may change our intentions or plans discussed in our forward-looking statements without notice at any time and for any reason.