On a corporate action affecting ordinary shares of Lumen Technologies, Inc. (LUMN)

On March 25, 2024, Lumen Technologies, Inc. proposed a reverse stock split at a ratio from within a range between and including one-for-fifteen (1:15) shares and one-for-twenty-five (1:25) shares. Reverse Split will effect if stockholders vote to approve it on the 2024 Annual General Meeting of stockholders to be held on May 15, 2024. For more details, please, refer to the company’s website.

ITS Ltd. will publish separate notices on the procedures undertaken by ITS Ltd. to process this corporate action outlining how trading in these qualified investments will be carried out.