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U.S. Securities and Exchange Commission

Qwest Communications International Inc.

Distribution of Fair Fund

On August 1, 2007, the United States District Court for the District of Colorado ordered the distribution of the approximately $267 million Fair Fund created as part of settlements with Qwest Communications International Inc. and several of its former executives. The funds were distributed to approximately 200,000 investors who purchased Qwestís securities between July 1999 and July 2002.

On February 27, 2009, the SEC initiated a residual distribution of approximately $4.4 million to eligible Qwest investors.

For investors who received a distribution payment, you can read the Qwest Fair Fund Distribution Statement to Investors to help you determine the U.S. federal income tax consequences of the distribution payment.

For information about the SECís actions involving Qwest and individuals who contributed to the Fair Fund, you can read Litigation Release Nos. 18936, 18755, 19136, 19313 and 20138.



Modified: 03/10/2009