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CUSIP No. 550241103
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Page
5
of 14
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Explanatory Note
This Amendment No. 5 to Schedule 13D amends and supplements the Schedule 13D originally filed with the SEC on November 8, 2017, as amended and
supplemented by Amendment No. 1 thereto filed on February 7, 2018, Amendment No. 2 thereto filed on March 29, 2018, Amendment No. 3 thereto filed on April 5, 2018 and Amendment No. 4 thereto filed on
January 18, 2019 (together, the Statement) relating to the common stock, par value $1.00 per share (the Common Stock), of Lumen Technologies, Inc., a Louisiana corporation (the Issuer). The address of the
Issuers principal executive offices is 100 CenturyLink Drive, Monroe, Louisiana 71203.
Capitalized terms used but not defined herein have the
meanings given to them in the Statement.
Item 2.
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Identity and Background
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Schedule A referred to in Item 2 of the Statement is hereby amended and restated in its entirety by Schedule A hereto.
Item 5.
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Interest in Securities of the Issuer
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Item 5 of the Statement is hereby amended and restated in its entirety as follows:
(a)-(b) As of January 12, 2022 and taking into account the transaction described in Item 5(c) below, 26,207,287 shares of the Common
Stock, or approximately 2.6% of the outstanding Common Stock, were owned by Ellington Investments Pte. Ltd. (Ellington), and 46,452,120 shares of the Common Stock, or approximately 4.5% of the outstanding Common Stock, were owned by
Everitt Investments Pte. Ltd. (Everitt). Ellington and Everitt are each wholly owned by Bartley Investments Pte. Ltd. (Bartley), which in turn is wholly owned by Tembusu Capital Pte. Ltd. (Tembusu Capital), which
in turn is wholly owned by Temasek Holdings (Private) Limited (Temasek Holdings). Therefore, as of January 12, 2022, each of Bartley, Tembusu Capital and Temasek Holdings may be deemed to beneficially own the 72,659,407 shares of
Common Stock, or approximately 7.1% of the outstanding Common Stock, owned in the aggregate by Everitt and Ellington.
To the knowledge of
the Reporting Persons, the directors and executive officers of the Reporting Persons listed in Schedule A hereto beneficially own in the aggregate less than 1% of the Issuers outstanding shares of Common Stock.
The percentages of beneficial ownership of the Reporting Persons and their directors and executive officers listed in Schedule A hereto were
calculated based on 1,023,894,166 shares of Common Stock outstanding as of October 29, 2021, as reported by the Issuer in its quarterly report on Form 10-Q filed with the Commission on November 3,
2021.
(c) On January 12, 2022, Ellington sold 4,089,681 shares of Common Stock and Aranda Investments Pte. Ltd., an indirect wholly
owned subsidiary of Temasek Holdings, sold 20,510,319 shares of Common Stock, aggregating to 24,600,000 shares of Common Stock, to Credit Suisse Securities (USA) LLC at a price of $12.51 per share for a total consideration of $307.7 million.
The settlement date of the sale is expected to be January 18, 2022.
In the last sixty days, as a result of the transaction described
above, Bartley and Tembusu Capital have disposed of beneficial ownership of an aggregate of 4,089,681 shares of Common Stock, and Temasek Holdings has disposed of beneficial ownership of an aggregate of 24,600,000 shares of Common Stock.