<SEC-DOCUMENT>0000950142-24-001336.txt : 20240513
<SEC-HEADER>0000950142-24-001336.hdr.sgml : 20240513
<ACCEPTANCE-DATETIME>20240513073511
ACCESSION NUMBER:		0000950142-24-001336
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240513
DATE AS OF CHANGE:		20240513

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CROWN CASTLE INC.
		CENTRAL INDEX KEY:			0001051470
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				760470458
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16441
		FILM NUMBER:		24936891

	BUSINESS ADDRESS:	
		STREET 1:		8020 KATY FREEWAY
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77024
		BUSINESS PHONE:		7135703000

	MAIL ADDRESS:	
		STREET 1:		8020 KATY FREEWAY
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77024

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CROWN CASTLE INTERNATIONAL CORP
		DATE OF NAME CHANGE:	19971215
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>eh240481093_defa14a.htm
<DESCRIPTION>DEFA14A
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Proxy Statement Pursuant to Section 14(a)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>of the Securities Exchange Act of 1934</B></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Amendment No.&nbsp; )</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Filed by the Registrant&nbsp; <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9746;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Filed by a Party other than the Registrant&nbsp; <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt">Preliminary Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Definitive Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Definitive Additional Materials</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Soliciting Material Pursuant to &sect;240.14a-12</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; width: 100%; text-align: center"><FONT STYLE="font-size: 12pt"><B>Crown Castle Inc.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Name of Registrant as Specified In Its Charter)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Payment of Filing Fee (Check all boxes that apply):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9746;</FONT></TD>
    <TD STYLE="width: 95%">No fee required</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></TD>
    <TD>Fee paid previously with preliminary materials</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></TD>
    <TD>Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->




<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Leading Independent Proxy Advisory Firm ISS Recommends
Shareholders Vote &ldquo;FOR&rdquo; All of Crown Castle&rsquo;s Director Nominees</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>Crown Castle Urges Shareholders to Vote &ldquo;FOR&rdquo;
ONLY Crown Castle&rsquo;s 12 Highly Qualified Nominees on the <B><U>WHITE</U></B> Proxy Card or Voting Instruction Form Today</I></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">HOUSTON, May 13, 2024 (GLOBE NEWSWIRE) &ndash; Crown Castle Inc. (NYSE:
CCI) (&ldquo;Crown Castle&rdquo; or the &ldquo;Company&rdquo;) today announced that Institutional Shareholder Services (ISS), a leading
independent proxy advisory firm, has recommended that shareholders vote on the <B><U>WHITE</U></B> proxy card or voting instruction form
&ldquo;FOR&rdquo; ONLY all 12 of Crown Castle&rsquo;s highly qualified director nominees in connection with the Company&rsquo;s upcoming
2024 Annual Meeting of Shareholders (the &ldquo;2024 Annual Meeting&rdquo;) scheduled for May 22, 2024.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">Crown Castle&rsquo;s definitive proxy statement and other materials regarding
the Board of Directors&rsquo; recommendations for the 2024 Annual Meeting can be found at <FONT STYLE="color: #0563C1"><U>www.VoteCrownCastle.com</U></FONT>.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">In reaching its conclusion, ISS noted in its report:</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>&ldquo;As there is no case for incremental change at this juncture following the recent turnover at the board, the hiring of the permanent
CEO, and the formation of the fiber review committee, shareholders are recommended to vote FOR all management nominees.&rdquo;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>&ldquo;As it relates to operational improvements, the company appears well-positioned to evaluate and execute its strategy under the
leadership of the newly hired CEO and supervision of the reconstituted board.&rdquo;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>&ldquo;The dissident has positioned this campaign as an offer to assist with changes that are already being implemented, such as the
sale of the fiber business and operational improvements to the tower business. However, although 25 parties have signed NDAs to review
the analysis of a potential sale prepared by Boots Capital, none of those parties appear to have reached out to CCI to express an interest.&rdquo;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>&ldquo;Additionally, some of the litigation initiated by the dissident does not appear to signal a desire to help. The lawsuit to
keep the new CEO off the board, in particular (to prevent the company from diluting the dissident's four-candidate slate), does not appear
constructive, especially since the dissident has stated that it would settle for two board seats.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">Crown Castle issued the following statement:</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; background-color: white">We are pleased that ISS supports our
highly qualified Board nominees and recognizes the strategic actions our Board is taking to create a stronger and more valuable company.
We are confident our Board has the right skills and expertise, alongside our new CEO Steven Moskowitz, to advance the strategic and operating
review of our fiber and small cell business and other strategic initiatives to unlock value for shareholders.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>Crown Castle reminds shareholders that each
vote is extremely important</B>. The Crown Castle Board of Directors is committed to acting in the best interests of shareholders and
unanimously recommends that shareholders vote the <B><U>WHITE</U></B> proxy card or voting instruction form &ldquo;FOR&rdquo; ONLY Crown
Castle&rsquo;s 12 highly qualified directors standing for election at the 2024 Annual Meeting.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Crown Castle shareholders who have any questions
or require any assistance with voting their shares should contact Crown Castle&rsquo;s proxy solicitor:</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>INNISFREE M&amp;A INCORPORATED</B><BR>
<B>at</B><BR>
<B>(877) 717-3904 (toll-free from&nbsp;the United States&nbsp;and&nbsp;Canada)</B><BR>
<B>or</B><BR>
<B>+1 (412) 232-3651 (from other locations).</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>Advisors</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Morgan Stanley is serving as financial advisor,
and&nbsp;Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP&nbsp;is serving as legal counsel, to the Company.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>About&nbsp;Crown Castle</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Crown Castle&nbsp;owns, operates and leases
more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major
U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology
and wireless service &ndash; bringing information, ideas and innovations to the people and businesses that need them. For more information
on&nbsp;Crown Castle, please visit&nbsp;<U>www.crowncastle.com</U>.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING
STATEMENTS</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">This press release contains forward-looking statements for purposes of
the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. Statements that are not historical facts are hereby
identified as forward-looking statements. In addition, words such as &ldquo;estimate,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;project,&rdquo;
&ldquo;plan,&rdquo; &ldquo;intend,&rdquo; &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;likely,&rdquo; &ldquo;predicted,&rdquo;
&ldquo;positioned,&rdquo; &ldquo;continue,&rdquo; &ldquo;target,&rdquo; &ldquo;seek,&rdquo; &ldquo;focus&rdquo; and any variations of
these words and similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements include
(1) statements and expectations regarding the process and outcomes of Company&rsquo;s Fiber Review Committee, including that it will help
enhance and unlock shareholder value, (2) that the actions set forth in this press release best position the Company for long term success,
including our Board&rsquo;s regular evaluation of all paths to enhance shareholder value, (3) that the Company will benefit from the experience
and insights of the directors and the new CEO, and (4) that the Company will identify the best path forward to capitalize on significant
opportunities for growth in our industry. Such forward-looking statements should, therefore, be considered in light of various risks,
uncertainties and assumptions, including prevailing market conditions, risk factors described in &ldquo;Item 1A. Risk Factors&rdquo; of
the Annual Report on Form 10-K for the fiscal year ended&nbsp;December 31, 2023&nbsp;and other factors. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected.
Unless legally required, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">Our filings with the&nbsp;SEC&nbsp;are available through
the&nbsp;SEC&nbsp;website at&nbsp;<FONT STYLE="color: #0563C1"><U>www.sec.gov</U></FONT>&nbsp;or through our investor relations
website at&nbsp;<FONT STYLE="color: #0563C1"><U>investor.crowncastle.com</U></FONT>. We use our investor relations website to
disclose information about us that may be deemed to be material. We encourage investors, the media and others interested in us to
visit our investor relations website from time to time to review up-to-date information or to sign up for e-mail alerts to be
notified when new or updated information is posted on the site.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>Important Shareholder Information</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">The Company filed a definitive proxy statement and a&nbsp;<B><U>WHITE</U></B>&nbsp;proxy
card on April 11, 2024, as well as a proxy supplement and revised <B><U>WHITE</U></B> proxy card on April 22, 2024, with the SEC in connection
with its solicitation of proxies for its 2024 Annual Meeting. THE COMPANY&rsquo;S STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE
PROXY STATEMENT AND THE PROXY SUPPLEMENT, THE ACCOMPANYING REVISED <B><U>WHITE</U></B> PROXY CARD, AND ANY AMENDMENTS AND SUPPLEMENTS
TO THESE DOCUMENTS WHEN THEY BECOME AVAILABLE, AS THEY CONTAIN IMPORTANT INFORMATION. Stockholders may obtain the proxy statement and
the proxy supplement, any amendments or supplements to these documents and other documents, as and when they become available,&nbsp;without
charge from the SEC&rsquo;s website at&nbsp;<FONT STYLE="color: #0563C1"><U>www.sec.gov</U></FONT>.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>Participant Information</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">The Company, its directors, director nominees, certain of its officers,
and other employees are or will be &ldquo;participants&rdquo; (as defined in Section 14(a) of the&nbsp;U.S.&nbsp;Securities Exchange
Act of 1934, as amended) in the solicitation of proxies from the Company&rsquo;s stockholders in connection with the matters to be considered
at the 2024 Annual Meeting. The identity, their direct or indirect interests (by security holdings or otherwise), and other information
relating to the participants is available in the Company&rsquo;s definitive proxy statement on Schedule 14A filed with the&nbsp;SEC&nbsp;on&nbsp;April
11, 2024, in the section entitled &ldquo;Beneficial Ownership of Common Stock&rdquo; (on page 90) and Appendix C (on page&nbsp;C-1).
To the extent the holdings by the &ldquo;participants&rdquo; in the solicitation reported in the Company&rsquo;s definitive proxy statement
have changed, such changes have been or will be reflected on &ldquo;Statements of Change in Ownership&rdquo; on Forms 3, 4 or 5 filed
with the SEC (where applicable). All these documents are or will be available free of charge at the SEC&rsquo;s website at&nbsp;<FONT STYLE="color: #0563C1"><U>www.sec.gov</U></FONT>.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>CONTACTS:</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Dan Schlanger, CFO<BR>
Kris Hinson, VP &amp; Treasurer<BR>
Crown Castle Inc.<BR>
713-570-3050</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>MEDIA</B>:</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: white">Andy Brimmer&nbsp;/&nbsp;Adam Pollack<BR>
Joele Frank,&nbsp;Wilkinson Brimmer Katcher<BR>
212-355-4449</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
