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Verizon Communications Announces Common Stock Repurchase Authorization for Up to 100 Million Shares

NEW YORK Feb. 3, 2011

Feb. 28, 2011

Approximately 2.8 billion shares of Verizon common stock are outstanding.

Under the plan approved today by the board, Verizon’s senior officers have the option to repurchase shares for the corporation over time in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases depending on market conditions and corporate needs.  The company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization.

Feb. 28, 2014

New York $106.6 billion www.verizon.com .

www.verizon.com/news

SOURCE Verizon Communications Inc.

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