Liberty Announces Semi-Annual Payment on 3.5% Senior Exchangeable Debentures Due 2031 - Results in Further Reduction of Adjusted

  Liberty Announces Semi-Annual Payment on 3.5% Senior Exchangeable Debentures
  Due 2031 - Results in Further Reduction of Adjusted Principal Amount

Business Wire

ENGLEWOOD, Colo. -- July 15, 2013

Liberty Interactive LLC ("Liberty"), a subsidiary of Liberty Interactive
Corporation (Nasdaq: LINTA, LINTB, LVNTA, LVNTB), announced a semi-annual
payment to the holders of its 3.5% Senior Exchangeable Debentures due in 2031
(the "Debentures"). The amount of the payment is $17.50 per $1,000 of original
principal amount of the Debentures.

Under the Indenture for the Debentures, the principal amount of the Debentures
is adjusted in an amount equal to each extraordinary distribution made to
holders of the Debentures. Thereafter, the adjusted principal amount is
further reduced on each successive semi-annual interest payment date to the
extent necessary to cause the semi-annual interest payment to represent the
payment of an annualized yield of 3.5% of the adjusted principal amount. This
latter adjustment, to the extent it is made by reason of a particular
extraordinary distribution that results in an adjustment to the principal
amount of the Debentures, takes effect on the second succeeding interest
payment date after the payment of that extraordinary distribution.

To date, there have been two extraordinary distributions to holders of the
Debentures. On January 10, 2007, Liberty made an extraordinary distribution of
$162.6160 per $1,000 original principal amount of Debenture arising from
Freescale Semiconductor’s going private transaction. On June 20, 2012, Liberty
made an extraordinary distribution of $184.0960 per $1,000 original principal
amount of Debenture arising from Motorola Mobility Holdings, Inc (“MMI”)
acquisition by Google.

The adjustments described above will not affect the amount of the semi- annual
payments received by holders of the debentures, which will continue to be a
rate equal to 3.5% per annum of the original principal amount of the
Debentures. Below is a detail of the amount of the payment being made on the
Debentures, its allocation between payment of interest and repayment of
principal and the revised adjusted principal amount resulting from the
payment, per $1,000 of original principal amount of the Debentures:

                                                 
July 15, 2013                                 Additional     July 15, 2013
Beginning          Payment   Interest   Payment of   Ending
Adjusted                                      Principal      Adjusted
Principal                                                    Principal
                                                    
$612.4306          $17.50    $10.7175   $6.7825      $ 605.6481

The semi-annual interest payment and additional distribution are expected to
be made on July 15, 2013 to holders of record of the Debentures on July 1,
2013.

About Liberty Interactive LLC

Liberty Interactive LLC is an intermediate subsidiary of Liberty Interactive
Corporation, owning interests in a broad range of electronic retailing, media,
communications, and entertainment businesses.

Contact:

Liberty Interactive
Courtnee Ulrich, 720-875-5420
 
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