<SEC-DOCUMENT>0000950142-24-001381.txt : 20240520
<SEC-HEADER>0000950142-24-001381.hdr.sgml : 20240520
<ACCEPTANCE-DATETIME>20240520084915
ACCESSION NUMBER:		0000950142-24-001381
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240520
DATE AS OF CHANGE:		20240520

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:		24962566

	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>eh240484252_defa14a.htm
<DESCRIPTION>DEFA14A
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>Egan-Jones joins ISS in Recommending Shareholders
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</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>Crown Castle Board Urges Shareholders to Vote TODAY;
May 22<SUP>nd</SUP> Annual Meeting is Fast Approaching</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">HOUSTON, May 20, 2024
&ndash; Crown Castle Inc. (NYSE: CCI) (&ldquo;Crown Castle&rdquo; or the &ldquo;Company&rdquo;) today announced that proxy advisory firm
Egan-Jones has joined Institutional Shareholder Services (&ldquo;ISS&rdquo;) in recommending 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 &ndash;
P. Robert Bartolo, Cindy Christy, Ari Q. Fitzgerald, Jason Genrich, Andrea J. Goldsmith, Tammy K. Jones, Kevin T. Kabat, Anthony J. Melone,
Sunit S. Patel, Bradley E. Singer, Kevin A. Stephens and Matthew Thornton, III (collectively, the &ldquo;Company Nominees&rdquo;) &ndash;
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 Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">In reaching its conclusion, Egan-Jones stated:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, 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;Based on our review of publicly available information, we believe that voting FOR the management nominees is in the best interest
of the Company and its shareholders. In arriving at that conclusion, we have considered the following factors:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Courier New, Courier, Monospace">o</FONT></TD><TD>Recent changes to the Board and Crown Castle&rsquo;s recent efforts of board refreshment.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Courier New, Courier, Monospace">o</FONT></TD><TD>Governance improvements at Crown Castle.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Courier New, Courier, Monospace">o</FONT></TD><TD>The plan and experience put forth by the Boots nominees.&rdquo;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, 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;We believe the company should be allowed to follow through on the changes already made before implementing something as disruptive
as bringing on outside Board nominees.&rdquo;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, 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;We believe that the nature of the company has fundamentally changed, and the skill sets of the Boots nominees do not align
as well as the current Board with the company&rsquo;s current business model.&rdquo;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, 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;We do not see the inclusion of any Boots nominee on the Board being warranted at this time.&rdquo;</TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">Crown Castle is pleased that both ISS and Egan-Jones recognize
the recent Board refreshment and actions underway by the Board to drive shareholder value. Their support reinforces our confidence that
our current Board is highly qualified and best positioned to strengthen Crown Castle and deliver on our strategic initiatives to unlock
value for shareholders.</P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white"><B>Crown Castle reminds shareholders that its
May 22<SUP>nd</SUP> Annual Meeting is fast approaching and it&rsquo;s imperative to vote as soon as possible</B>. <B>You can still vote
via the internet or by telephone.</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 Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Please note that the <B><U>WHITE </U></B>proxy
card or voting instruction form issued to shareholders has more names on it than the 12 seats that are up for election, pursuant to the
requirement that our proxy card list Boots Capital&rsquo;s nominees in addition to the Company Nominees. Shareholders can vote &ldquo;FOR&rdquo;
less than 12 nominees at the 2024 Annual Meeting but cannot vote &ldquo;FOR&rdquo; more than 12 nominees.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">If a shareholder has already voted using a prior
proxy card or voting instruction form listing 13 Company Nominees, <B>their votes for all director nominees and other proposals will not
be counted</B>. Accordingly, shareholders are urged to re-vote using the <B><U>WHITE</U></B> proxy card or voting instruction form listing
12 Company Nominees to ensure that their vote is counted.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Shareholders may receive solicitation materials
from Ted Miller, including an opposition proxy statement and gold proxy card. <B>The Board does NOT endorse Boots Capital&rsquo;s nominees
or Boots Capital&rsquo;s By-Laws Proposal and unanimously recommends that shareholders discard any proxy materials from Boots Capital.
</B>If a shareholder has already submitted a gold proxy card, they can revoke such proxy and vote for the Company Nominees and on the
other matters to be voted on at the 2024 Annual Meeting using the <B><U>WHITE</U></B> proxy card or voting instruction form. Only a shareholder&rsquo;s
latest validly executed proxy card or voting instruction form will count and they can revoke any proxy at any time prior to the 2024 Annual
Meeting as described in the Company&rsquo;s proxy statement.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The Board asks that shareholders please mark
their <B><U>WHITE </U></B>proxy card or voting instruction form carefully and vote &quot;FOR&quot; ONLY the 12 Company Nominees.</P>

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">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 December 31, 2023 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 Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Our filings with the SEC are available through
the SEC website at <U>www.sec.gov</U> or through our investor relations website at <U>investor.crowncastle.com</U>. 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 Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The Company filed a definitive proxy statement
and a <B><U>WHITE </U></B>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, without charge from the SEC&rsquo;s website at <FONT STYLE="color: #0563C1"><U>www.sec.gov</U></FONT>.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">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 U.S. 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 SEC on April 11, 2024, in the section entitled &ldquo;Beneficial Ownership of Common Stock&rdquo; (on page 90) and Appendix C (on
page 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 <FONT STYLE="color: #0563C1"><U>www.sec.gov</U></FONT>.</P>

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

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

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

<P STYLE="font: 10pt Arial, 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>



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


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