UCOMA Unitedglobalcom (MM)

Liberty Media Corporation Announces When-Issued Trading Information for Liberty Media International, Inc. ENGLEWOOD, Colo., June 1 /PRNewswire-FirstCall/ -- Liberty Media Corporation (NYSE:LNYSE:LMC.B) has been advised by Nasdaq that "when-issued" trading for Liberty Media International, Inc. (LMI) will begin on June 2, 2004. Shares of LMI's Series A and Series B common stock will trade on The OTC Bulletin Board under the symbols "LTYAV" and "LTYBV" from June 2, 2004 through June 7, 2004 (the distribution date). Beginning on June 8, 2004, LMI Series A and Series B shares will begin regular way trading on the Nasdaq National Market under the symbols "LBTYA" and "LBTYB." Liberty Media common stock will not trade ex-dividend until after the June 7, 2004 distribution date. As a result, any record holder of Liberty Media common stock that sells its shares after the June 1, 2004 record date and on or before the date of distribution will also be selling its right to receive shares of LMI common stock in the spin off. Following the spin off, Liberty Media will cease to have any ownership interest in LMI, and LMI will become an independent publicly traded company. LMI is a holding company owning interests in various broadband distribution and video programming businesses operating principally in Europe, Japan and Latin America. These businesses include UnitedGlobalCom, Inc. (NASDAQ:UCOMA), Jupiter Telecommunications, Co., Ltd., and Jupiter Programming Co., Ltd., and Liberty Cablevision of Puerto Rico, Inc. among others. Liberty Media Corporation (NYSE:LNYSE:LMC.B) is a holding company owning interests in a broad range of electronic retailing, media, communications and entertainment businesses classified in four groups; Interactive, Networks, Tech/Ventures and Corporate. Liberty Media's businesses include some of the world's most recognized and respected brands, including QVC, Encore, STARZ!, Discovery, IAC/InterActiveCorp, and The News Corporation Limited. This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to sell shares of Liberty Media common stock or LMI common stock. DATASOURCE: Liberty Media Corporation CONTACT: Mike Erickson of Liberty Media Corporation, +1-877-772-1518

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