<SEC-DOCUMENT>0000821130-15-000020.txt : 20150501
<SEC-HEADER>0000821130-15-000020.hdr.sgml : 20150501
<ACCEPTANCE-DATETIME>20150501082747
ACCESSION NUMBER:		0000821130-15-000020
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20150501
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150501
DATE AS OF CHANGE:		20150501

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED STATES CELLULAR CORP
		CENTRAL INDEX KEY:			0000821130
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				621147325
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09712
		FILM NUMBER:		15821993

	BUSINESS ADDRESS:	
		STREET 1:		8410 W BRYN MAWR AVE
		STREET 2:		STE 700
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60631
		BUSINESS PHONE:		7733998900

	MAIL ADDRESS:	
		STREET 1:		8410 W BRYN MAWR AVE
		STREET 2:		STE 700
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60631
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>usm8kcover.htm
<DESCRIPTION>8-K
<TEXT>

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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<h4 style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" style="font-size:18.0pt;layout-grid-mode:char;">FORM 8-K</font></b></h4>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;text-indent:.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:18.0pt;layout-grid-mode:char;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">Washington, D.C. 20549</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;">CURRENT REPORT</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;">Pursuant to Section
13 or 15(d) of</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;layout-grid-mode:char;">The Securities
Exchange Act of 1934</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">Date of Report (Date of earliest event reported):&#160; </font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">May 1, 2015</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:18.0pt;layout-grid-mode:char;">UNITED STATES CELLULAR CORPORATION</font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;"><br>
&#160;(Exact name of registrant as specified in its charter)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:9.0pt;">
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  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;height:9.0pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;height:9.0pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:9.0pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td valign=bottom width=5% style="background:white;height:10.5pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;height:10.5pt;padding:0in 5.75pt 0in 5.75pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Delaware</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:10.5pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;height:10.5pt;padding:0in 5.75pt 0in 5.75pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1-9712</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:10.5pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:10.5pt;padding:0in 5.75pt 0in 5.75pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">62-1147325</font></b></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=bottom width=5% style="background:white;height:25.5pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=30% style="background:white;height:25.5pt;padding:0in 5.75pt 0in 5.75pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(State or other jurisdiction of</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">incorporation or organization)</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:25.5pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=30% style="background:white;height:25.5pt;padding:0in 5.75pt 0in 5.75pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(Commission</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">File Number)</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:25.5pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:white;height:25.5pt;padding:0in 5.75pt 0in 5.75pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(I.R.S. Employer Identification No.)</font></p>
  </td>
 </tr>
<tr style="height:6.75pt;">
  <td valign=bottom width=5% style="background:white;height:6.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;height:6.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:6.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;height:6.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:6.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:6.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:white;height:12.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">8410 West Bryn Mawr, Chicago, Illinois</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:12.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">60631</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=top width=67% style="background:white;height:12.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(Address of principal executive offices)</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:white;height:12.75pt;padding:0in 5.75pt 0in 5.75pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(Zip Code)</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">Registrant's telephone number, including
area code:&#160; </font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">(773) 399-8900</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;text-decoration:none;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">Not Applicable</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">(Former name or
former address, if changed since last report)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction
A.2. below):</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td valign=top width=7% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Wingdings style="font-size:10.0pt;layout-grid-mode:char;">&#168;</font></p>
  </td>
 <td valign=top width=93% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;layout-grid-mode:char;">Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=7% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=93% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=7% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Wingdings style="font-size:10.0pt;layout-grid-mode:char;">&#168;</font></p>
  </td>
 <td valign=top width=93% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;layout-grid-mode:char;">Soliciting material pursuant
  to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=7% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=93% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=7% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Wingdings style="font-size:10.0pt;layout-grid-mode:char;">&#168;</font></p>
  </td>
 <td valign=top width=93% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;layout-grid-mode:char;">Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b))</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=7% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 <td valign=top width=93% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=7% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Wingdings style="font-size:10.0pt;layout-grid-mode:char;">&#168;</font></p>
  </td>
 <td valign=top width=93% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:10.0pt;layout-grid-mode:char;">Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:.2pt;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">Item 2.02.&#160; </font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">Results
of Operations and Financial Condition</font></u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;"> &nbsp;</font></p>

<p style="margin-left:0in;margin-right:0in;text-indent:.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On May 1, 2015,
United States Cellular Corporation (&#8220;U.S. Cellular&#8221;) issued a news release announcing
its results of operations for the period ended March 31, 2015.&nbsp; A copy of
the news release is attached hereto as Exhibit 99.1 and incorporated by
reference herein.</font></p>

<p style="margin-left:0in;margin-right:0in;text-indent:.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The information in
this Item 2.02 of Form 8-K is being furnished and shall not be deemed &#8220;filed&#8221;
for the purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that Section.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">Item 9.01.&#160; </font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">Financial
Statements and Exhibits</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">(d)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">Exhibits:&nbsp;</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;text-decoration:none;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In accordance with the
provisions of Item 601 of Regulation S-K, any Exhibits filed or furnished
herewith are set forth on the Exhibit Index attached hereto.</font></p>

<p style="margin-left:0in;margin-right:0in;text-indent:.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Attached as Exhibit
99.2 is a safe harbor cautionary statement under the Private Securities
Litigation Reform Act of 1995.</font></p>





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<p align=center style="margin-left:0in;margin-right:0in;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">SIGNATURES</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:both;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereto
duly authorized.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">United States Cellular Corporation</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">(Registrant)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">Date:&#160; May 1, 2015</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
 <tr style="height:15.0pt;">
  <td valign=bottom width=6% style="background:white;border:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">By:</font></p>
  </td>
 <td valign=bottom width=39% style="background:white;border:none;border-bottom:solid black 1.0pt;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">/s/ Steven T. Campbell</font></p>
  </td>
 <td valign=bottom width=55% style="background:white;border:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:51.0pt;">
  <td valign=bottom width=6% style="background:white;border:none;height:51.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:white;border:none;height:51.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Steven T. Campbell</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Executive Vice President &#8211; Finance,</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Chief Financial Officer and Treasurer</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(principal financial officer)</font></p>
  </td>
 <td valign=top width=55% style="background:white;border:none;height:51.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
</table></div>






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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">EXHIBIT INDEX</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The following exhibits are filed
or furnished herewith as noted below.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
 <tr style="height:25.5pt;">
  <td valign=bottom width=9% style="background:white;border:none;border-bottom:solid black 1.0pt;height:25.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Exhibit</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">No.</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border:none;height:25.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=85% style="background:white;border:none;border-bottom:solid black 1.0pt;height:25.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Description</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=9% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">99.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=85% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Earnings Press Release dated May 1, 2015</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=9% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=85% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=9% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">99.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=85% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Private Securities Litigation Reform Act of 1995 Safe Harbor
  Cautionary Statement</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=9% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=85% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
</table></div>



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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>usm8kex991.htm
<DESCRIPTION>EX-99.1
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<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Exhibit 99.l&#160;&#160; NEWS RELEASE </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160; &nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;"><img height=141 id="Picture 1" src="usm8kex991-x0x0.jpg" width=702>&nbsp;</p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">As previously announced,
U.S. Cellular will hold a teleconference May 1, 2015 at 9:30 a.m. CDT.&#160; Listen
to the live call via the Events &amp; Presentations page of </font></b><b><u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">investors.uscellular.com</font></u></b><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">FOR
IMMEDIATE RELEASE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">U.S. c</font></b><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ellular reports first quarter 2015 results </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Increases guidance for operating cash flow and adjusted
EBITDA</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">CHICAGO, (May 1, 2015) &#8212;
United States Cellular Corporation (NYSE:USM) reported total operating revenues
of $965.2 million for the first quarter of 2015, versus $925.8 million for the same
period one year ago. Net income attributable to U.S. Cellular shareholders and
related diluted earnings per share were $160.1 million and $1.89, respectively,
for the first quarter of 2015, compared to $19.5 million and $0.23,
respectively, in the comparable period one year ago.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#8220;We had another encouraging
quarter at U.S. Cellular, building on the turnaround in customer growth that we
achieved in 2014,&#8221; said Kenneth R. Meyers, U.S. Cellular president and CEO. &#8220;We
grew our postpaid customer base through strong sales of connected devices and
significantly lower customer churn, and we significantly increased operating
cash flow.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#8220;We are pleased with the strong
adoption of shared data plans and increasing number of devices per account,
which are driving revenue growth. Our 4G LTE network will cover 98 percent of
customers by the end of the year. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=#1F497D face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=#1F497D face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#8220;</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">We are focused on continuing to grow our customer base
and increasing revenue and operating cash flow in 2015 by offering innovative
services and exciting devices that run on our high-quality network.&#8221; </font></p>




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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">1</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">2015
Estimated Results</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">U.S. Cellular&#8217;s estimates of
full-year 2015 results are shown below.&#160; Such estimates represent management&#8217;s view
as of May 1, 2015.&#160; Such forward&#8209;looking statements should not be assumed
to be current as of any future date.&#160; U.S. Cellular undertakes no duty to
update such information, whether as a result of new information, future events
or otherwise.&#160; There can be no assurance that final results will not differ
materially from such estimated results.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=45% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=51% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2015 Estimated Results</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=45% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=25% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Current</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% style="background:white;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Previous</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 valign=top width=49% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(Dollars in
  millions)</font></b></p>
  </td>
 <td valign=top width=25% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=49% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total operating
  revenues</font></p>
  </td>
 <td valign=bottom width=25% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$4,000-$4,200</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Unchanged</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Operating cash
  flow (1)</font></p>
  </td>
 <td valign=bottom width=25% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$400-$500</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$350-$450</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=49% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Adjusted EBITDA
  (1)</font></p>
  </td>
 <td valign=bottom width=25% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$580-$680</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$530-$630</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Capital
  expenditures</font></p>
  </td>
 <td valign=bottom width=25% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$600&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Unchanged</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0in;margin-bottom:.0001pt;"><font face=Courier lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">(1)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">Operating cash flow is defined as
net income, adjusted for the items set forth in the reconciliation below.&#160;
Adjusted EBITDA is defined as net income, adjusted for the items set forth in
the reconciliation below.&#160; Operating cash flow and Adjusted EBITDA exclude
these items in order to show operating results on a more comparable basis from
period to period. From time to time, U.S. Cellular may exclude other items from
Operating cash flow and/or Adjusted EBITDA if such items help reflect operating
results on a more comparable basis. U.S. Cellular does not intend to imply that
any such items that are excluded are non-recurring, infrequent or unusual; such
items may occur in the future.&#160; Operating cash flow and Adjusted EBITDA are not
measures of financial performance under Generally Accepted Accounting
Principles in the United States (&#8220;GAAP&#8221;) and should not be considered as
alternatives to net income as indicators of the company&#8217;s operating performance
or as alternatives to cash flows from operating activities, determined in
accordance with GAAP, as indicators of cash flows or as measures of liquidity.
U.S. Cellular believes Operating cash flow and Adjusted EBITDA are useful
measures of U.S. Cellular&#8217;s operating results before significant recurring
non-cash charges, gains and losses, and other items as indicated below. The
following tables provide a reconciliation to Operating cash flow and Adjusted
EBITDA for 2015 estimated results, actual results for the three months ended
March 31, 2015 and 2014 actual results:</font></p>




<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:.2pt;">&nbsp;</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">2</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_3"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>

<div align=left><table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
 <tr style="height:15.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border:none;height:15.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:12.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:15.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:12.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:15.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:12.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=43% style="background:white;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Actual Results</font></b></p>
  </td>
 </tr>
<tr style="height:26.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:26.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border:none;height:26.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:26.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2015 Estimated </font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Results (2)</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:26.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:26.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Three Months Ended </font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">March 31, 2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-top:solid black 1.0pt;height:26.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:26.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Year Ended</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">December 31, 2014</font></b></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;border:none;height:25.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(Dollars in
  millions)</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:25.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:25.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:25.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:25.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border:none;height:25.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=35% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Net income
  (loss) (GAAP)</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">N/A</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$165&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($47)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Add back:</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Income tax
  expense (benefit)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">N/A</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$108&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($12)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Income
  (loss) before income taxes (GAAP)</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$140-$240</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$273&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($59)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=35% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Add back:</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Interest
  expense</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$80&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$20&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$57&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Depreciation,
  amortization and accretion expense</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$580&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$147&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$606&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">EBITDA</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$800-$900</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$440&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$605&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=35% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Add back
  (deduct):</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(Gain) loss on
  sale of business and other exit costs, net</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($110)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($111)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($33)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(Gain) loss on
  license sales and exchanges, net</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($125)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($123)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($113)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(Gain) loss on
  assets disposals, net</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$15&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$4&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$21&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=35% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Adjusted EBITDA</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$580-$680</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$209&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$480&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Deduct:</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Equity in
  earnings of unconsolidated entities</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($130)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($34)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($130)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Interest and
  dividend income</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($50)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($8)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">($12)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=35% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Operating cash
  flow (3)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$400-$500</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$167&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$338&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=7 valign=bottom width=100% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Note: Totals
  may not foot due to rounding differences.</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>



<p style="margin:0in;margin-bottom:.0001pt;"><font face=Courier lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">(2)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">In providing 2015
Estimated Results, U.S. Cellular has not completed the above reconciliation</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;"> to net income because it does not provide guidance
for income taxes. U.S. Cellular believes that the impact of income taxes cannot
be reasonably predicted; therefore, the company is unable to provide such
guidance. Accordingly, a reconciliation to net income is not available without
unreasonable effort. </font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">(3)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">A reconciliation of Operating cash
flow (Non-GAAP) to Operating income (GAAP) for March 31, 2015 actual results
can be found on the company's website at </font><u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">investors.uscellular.com</font></u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">.&nbsp;</font></p>




<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:.2pt;">&nbsp;</font></p>


<DIV bclFooter>


<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">3</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>


</DIV>
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<DIV bclHeader>


<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Conference
Call Information</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">U.S. Cellular will hold a
conference call on May 1, 2015 at 9:30 a.m. Central Time.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-indent:-13.5pt;"><font face=Wingdings lang=EN-US style="font-size:10.0pt;">&#167;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Access the live call on the Events &amp; Presentation page
of </font><u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">investors.uscellular.com&nbsp;</font></u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"> </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">or at http://www.videonewswire.com/event.asp?id=102201. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-indent:-13.5pt;"><font face=Wingdings lang=EN-US style="font-size:10.0pt;">&#167;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Access the call by phone at 877/407-8029 (US/Canada),
no pass code required.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Before the call, certain
financial and statistical information to be discussed during the call will be
posted to </font><u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">investors.uscellular.com</font></u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">. </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The call will be archived on the Events &amp;
Presentations page of </font><u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">investors.uscellular.com</font></u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">About U.S. Cellular</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">United States Cellular
Corporation provides a comprehensive range of wireless products and services,
excellent customer support, and a high-quality network to 4.8 million customers
in 23 states. The Chicago-based company had 6,600 full- and part-time
associates as of March 31, 2015. At the end of the first quarter of 2015,
Telephone and Data Systems, Inc. owned 84 percent of U.S. Cellular. For more
information about U.S. Cellular, visit </font><u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">uscellular.com</font></u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Contacts</font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"> &#160;&#160; &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Jane McCahon, Vice President,
Corporate Relations and Corporate Secretary </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">312-592-5379</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">jane.mccahon@tdsinc.com</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Julie Mathews, Investor
Relations Manager</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">312-592-5341</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">julie.mathews@tdsinc.com</font></u></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Safe Harbor
Statement Under the Private Securities Litigation Reform Act of 1995</font></i></b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">:</font></i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;&nbsp;</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;"> </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">All information set forth in this news
release, except historical and factual information, represents forward-looking
statements. This includes all statements about the company&#8217;s plans, beliefs,
estimates, and expectations. These statements are based on current estimates,
projections, and assumptions, which involve certain risks and uncertainties
that could cause actual results to differ materially from those in the
forward-looking statements. Important factors that may affect these
forward-looking statements include, but are not limited to: impacts of any
pending acquisition and divestiture transactions,&#160; including, but not limited
to, the ability to obtain regulatory approvals, successfully complete the
transactions and the financial impacts of such transactions; the ability of the
company to successfully manage and grow its markets; the overall economy;
competition; the ability to obtain or maintain roaming arrangements with other
carriers on acceptable terms; the state and federal telecommunications regulatory
environment; the value of assets and investments; adverse changes in the
ratings afforded TDS and U.S. Cellular debt securities by accredited ratings
organizations; industry consolidation; advances in telecommunications
technology; uncertainty of access to the capital markets;&nbsp; pending and
future litigation; changes in income tax rates, laws, regulations or rulings;
acquisitions/divestitures of properties and/or licenses; changes in customer
growth rates, average monthly revenue per user, churn rates, roaming revenue
and terms, the availability of wireless devices, or the mix of products and
services offered by U.S. Cellular. Investors are encouraged to consider these
and other risks and uncertainties that are discussed in the Form 8-K Current
Report used by U.S. Cellular to furnish this press release to the Securities
and Exchange Commission (&#8220;SEC&#8221;), which are incorporated by reference herein.</font><font face="Times New Roman,serif" lang=NL style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>




<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;line-height:.2pt;">&nbsp;</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">4</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>


</DIV>
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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>

<div align=left><table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td colspan=17 valign=bottom width=100% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">United States Cellular Corporation</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=17 valign=bottom width=100% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Summary Operating Data (Unaudited)</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
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 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total at end of
  period</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,307,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,298,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,200,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,148,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,174,000&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Gross additions</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;200,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;302,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;251,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;190,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;197,000&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Net additions
  (losses)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;9,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;98,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;52,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(26,000)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(93,000)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">ARPU (1)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;54.87&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;56.51&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;56.37&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;56.82&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;57.59&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">ARPA (2)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;134.94&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;136.13&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;132.99&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;131.95&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;132.03&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Churn rate (3)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.5%</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.6%</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.6%</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.7%</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2.3%</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Smartphone
  penetration (4)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">66.9%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">64.8%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">61.7%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">58.4%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">55.8%</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=30% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Prepaid</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total at end of
  period</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;360,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;348,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;350,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;352,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;356,000&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Gross additions</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;73,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;60,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;64,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;65,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;85,000&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Net additions
  (losses)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;12,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(2,000)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(2,000)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(4,000)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;13,000&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">ARPU (1)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;35.72&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;35.33&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;34.40&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;34.02&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;32.22&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Churn rate (3)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">5.8%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">5.9%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">6.3%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">6.5%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">6.9%</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=32% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total
  customers at end of period</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,775,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,760,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,674,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,653,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,684,000&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=32% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Billed ARPU
  (1)</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;52.29&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;53.63&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;53.24&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;53.36&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;53.93&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=32% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Service
  revenue ARPU (1)</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;58.01&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;60.10&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;60.92&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;60.32&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;60.19&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td colspan=3 valign=bottom width=32% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Smartphones
  sold as a percent of total </font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160; handsets
  sold</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">85.7%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">86.5%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">80.8%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">79.0%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:24.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">78.2%</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=32% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total
  population</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Consolidated
  markets (5)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;45,737,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;50,906,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;54,817,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;54,817,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;54,817,000&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Consolidated
  operating markets (5)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;31,814,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;31,729,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;31,729,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;31,729,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;31,729,000&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=32% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Market
  penetration at end of period</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Consolidated
  markets (6)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">10.4%</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">9.4%</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">8.5%</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">8.5%</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">8.5%</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Consolidated operating
  markets (6)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">15.0%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">15.0%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">14.7%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">14.7%</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">14.8%</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=32% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Capital
  expenditures (000s)</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;66,460&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;181,655&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;142,452&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;143,927&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;89,581&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=32% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total cell
  sites in service</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;6,219&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;6,220&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;6,209&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;6,183&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;6,165&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=32% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Owned towers
  (7)</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;3,955&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,281&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,487&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,457&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,448&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">(1)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Average Revenue Per User (&#8220;ARPU&#8221;)
metrics are calculated by dividing a revenue base by an average number of
customers by the number of months in the period.&#160; These revenue bases and
customer populations are shown below:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:55.5pt;text-indent:-19.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">a.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Postpaid ARPU consists of total
postpaid service revenues and postpaid customers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:55.5pt;text-indent:-19.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">b.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Prepaid ARPU consists of total
prepaid service revenues and prepaid customers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:55.5pt;text-indent:-19.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">c.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Billed ARPU consists of total
postpaid, prepaid and reseller service revenues and postpaid, prepaid and
reseller customers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:55.5pt;text-indent:-19.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">d.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Service revenue ARPU consists of
total postpaid, prepaid and reseller service revenues, inbound roaming and
other service revenues and postpaid, prepaid and reseller customers.</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">(2)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Average Revenue Per Account
(&#8220;ARPA&#8221;) metric is calculated by dividing total postpaid service revenues by
the average number of postpaid accounts by the number of months in the period.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">(3)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Churn metrics represent the
percentage of the postpaid or prepaid customers that disconnect service each
month. These metrics represent the average monthly postpaid or prepaid churn
rate for each respective period.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">(4)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Smartphones represent wireless
devices which run on an Android, Apple, BlackBerry or Windows Mobile operating
system, excluding connected devices. Smartphone penetration is calculated by
dividing postpaid smartphone customers by total postpaid handset customers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">(5)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">The decrease in the population of
Consolidated markets is due primarily to the license exchange transactions of certain
non-operating licenses in North Carolina in December 2014 and Illinois and
Indiana in March 2015. Total Population is used only to calculate market
penetration of consolidated markets and consolidated operating markets,
respectively.&#160; See footnote (6) below.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">(6)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Market penetration is calculated by
dividing the number of wireless customers at the end of the period by the total
population of consolidated markets and consolidated operating markets,
respectively, as estimated by Claritas.&#160; The increase in consolidated markets penetration
is due primarily to a lower denominator as a result of the license divestitures
described in footnote (5) above.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">(7)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">During the quarters ended March 31,
2015 and December 31, 2014, sold 359 and 236 towers, respectively, in divested
markets.</font></p>




<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;line-height:.2pt;">&nbsp;</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">5</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>


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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_6"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>

<div align=left><table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td colspan=13 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">United States Cellular Corporation</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=13 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Consolidated Statement of Operations
  Highlights</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=13 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Three Months Ended March 31,</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=13 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(Unaudited, dollars and shares in
  thousands, except per share amounts)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=45% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=white face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=4 valign=bottom width=21% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160; Change</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=45% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">2015&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">2014&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Amount</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Percent</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=51% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Operating
  revenues</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=white face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Service </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;828,211&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;853,613&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(25,402)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(3%)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Equipment sales</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;137,034&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;72,198&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;64,836&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">90% </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=45% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total operating
  revenues</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;965,245&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;925,811&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;39,434&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">4% </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=45% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=51% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Operating
  expenses</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:21.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">System
  operations (excluding Depreciation, amortization and accretion </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160; reported
  below)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;190,677&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;180,607&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;10,070&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">6% </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Cost of
  equipment sold</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;238,301&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;270,474&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(32,173)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(12%)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Selling, general
  and administrative</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;368,968&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;395,564&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(26,596)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(7%)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Depreciation,
  amortization and accretion</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;147,085&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;167,753&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(20,668)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(12%)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(Gain) loss on
  asset disposals, net</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;4,251&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,934&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;2,317&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&gt;100%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(Gain) loss on
  sale of business and other exit costs, net</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(111,477)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(6,900)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(104,577)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&gt;100%</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(Gain) loss on
  license sales and exchanges, net</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(122,873)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(91,446)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(31,427)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(34%)</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=45% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total operating
  expenses</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;714,932&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;917,986&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(203,054)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(22%)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=45% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=3 valign=bottom width=51% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Operating
  income</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;250,313&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;7,825&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;242,488&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&gt;100%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=45% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=51% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Investment
  and other income (expense)</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Equity in
  earnings of unconsolidated entities</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;34,471&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;37,075&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(2,604)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(7%)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Interest and
  dividend income</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;7,566&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;884&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;6,682&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&gt;100%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Interest expense</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(19,964)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(14,862)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(5,102)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(34%)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Other, net</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;105&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;86&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;19&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">22% </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=45% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total investment
  and other income</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;22,178&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;23,183&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(1,005)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(4%)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=45% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=3 valign=bottom width=51% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Income before
  income taxes</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;272,491&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;31,008&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;241,483&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&gt;100%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Income tax
  expense </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;107,501&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;12,604&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;94,897&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&gt;100%</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=3 valign=bottom width=51% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Net income</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;164,990&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;18,404&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;146,586&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&gt;100%</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Less: Net income
  (loss) attributable to noncontrolling interests, net of tax</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;4,926&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(1,078)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;6,004&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&gt;(100%)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=51% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Net income
  attributable to U.S. Cellular shareholders</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;160,064&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;19,482&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;140,582&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&gt;100%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=47% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=3 valign=bottom width=51% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Basic
  weighted average shares outstanding</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;84,042&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;84,213&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(171)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#8212;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=3 valign=bottom width=51% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Basic
  earnings per share attributable to U.S. Cellular shareholders</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:double black 2.25pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:double black 2.25pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1.90&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:double black 2.25pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:double black 2.25pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;0.23&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:double black 2.25pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:double black 2.25pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1.67&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&gt;100%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=45% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=51% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Diluted
  weighted average shares outstanding</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;84,838&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;85,065&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(227)&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#8212;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=3 valign=bottom width=51% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Diluted
  earnings per share attributable to U.S. Cellular shareholders</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1.89&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;0.23&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1.66&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCEEFF;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&gt;100%</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;line-height:.2pt;">&nbsp;</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">6</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_7"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>

<div align=left><table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">United States Cellular Corporation</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Consolidated Balance Sheet Highlights</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(Unaudited, dollars in thousands)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">ASSETS</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">March 31,</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">December 31,</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">2015&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">2014&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Current
  assets</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Cash and cash
  equivalents</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;336,893&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;211,513&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Accounts
  receivable from customers and others</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;558,998&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;556,958&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Inventory, net</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;164,900&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;267,068&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Prepaid expenses
  </font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;69,702&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;59,744&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Net deferred
  income tax asset</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;77,246&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;93,058&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Other current
  assets</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;18,112&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;90,834&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,225,851&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,279,175&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Assets held
  for sale</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;22,203&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;107,055&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Investments</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Licenses</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,827,102&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,443,438&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Goodwill</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;370,151&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;370,151&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Investments in unconsolidated
  entities</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;304,501&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;283,014&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;2,501,754&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;2,096,603&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Property,
  plant and equipment</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">In service and
  under construction</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;7,426,410&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;7,458,740&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Less:
  Accumulated depreciation</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;4,781,293&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;4,730,523&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;2,645,117&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;2,728,217&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Other assets
  and deferred charges</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;211,453&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;276,218&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total assets</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;6,606,378&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;6,487,268&nbsp;</font></p>
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 </tr>
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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">7</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>

<div align=left><table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td colspan=8 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
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<tr style="height:11.25pt;">
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<tr style="height:11.25pt;">
  <td colspan=8 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(Unaudited, dollars in thousands)</font></p>
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<tr style="height:11.25pt;">
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<tr style="height:11.25pt;">
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<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=66% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
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  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">March 31,</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">December 31,</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">2015&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">2014&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=72% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Current
  liabilities</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Current portion
  of long-term debt</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;57&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;46&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Accounts payable</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Affiliated</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;8,044&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;9,774&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Trade</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;245,170&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;306,845&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Customer
  deposits and deferred revenues</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;301,419&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;287,562&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Accrued taxes</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;139,407&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;36,652&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Accrued
  compensation</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;36,957&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;66,162&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Other current
  liabilities</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;130,780&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">149,853&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;861,834&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;856,894&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=72% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Liabilities
  held for sale</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;--- &nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;20,934&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=72% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Deferred
  liabilities and credits</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Net deferred
  income tax liability</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;816,999&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;859,867&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Other deferred
  liabilities and credits</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;295,287&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;284,002&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=72% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Long-term
  debt</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,151,901&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,151,819&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=72% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Noncontrolling
  interests with redemption features</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;6,619&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,150&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=72% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Equity</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=72% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">U.S. Cellular
  shareholders' equity</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Series A Common
  and Common Shares, par value $1 per share</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;88,074&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;88,074&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Additional
  paid-in capital</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,478,910&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,472,558&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Treasury shares</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(170,544)&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(169,139)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Retained
  earnings</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;2,067,455&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,910,498&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total U.S.
  Cellular shareholders' equity</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;3,463,895&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;3,301,991&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=72% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Noncontrolling
  interests</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;9,843&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;10,611&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=68% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total equity</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;3,473,738&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;3,312,602&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=66% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=red face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=72% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total
  liabilities and equity</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;6,606,378&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:double black 2.25pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;6,487,268&nbsp;</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;line-height:.2pt;">&nbsp;</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">8</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_9"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>

<div align=left><table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">United States Cellular Corporation</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Consolidated Statement of Cash Flows</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Three Months Ended March 31,</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(Unaudited, dollars in thousands)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=5 valign=bottom width=29% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=4 valign=bottom width=71% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">2015&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">2014&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=4 valign=bottom width=71% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Cash flows
  from operating activities</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-top:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=white face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;border-top:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Net income
  (loss)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;164,990&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;18,404&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:21.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Add (deduct)
  adjustments to reconcile net income to cash flows from </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160; operating
  activities </font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:21.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Depreciation,
  amortization and accretion</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;147,085&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;167,753&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Bad debts
  expense</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;29,132&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;20,492&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Stock-based
  compensation expense</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;5,740&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;4,955&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Deferred income
  taxes, net</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(26,166)&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(4,817)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Equity in
  earnings of unconsolidated entities</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(34,471)&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(37,075)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Distributions
  from unconsolidated entities</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;12,985&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;12,818&nbsp;</font></p>
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 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;4,251&nbsp;</font></p>
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 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,934&nbsp;</font></p>
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 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=63% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">(Gain) loss on
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 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(111,477)&nbsp;</font></p>
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 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(6,900)&nbsp;</font></p>
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 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(122,873)&nbsp;</font></p>
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 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(91,446)&nbsp;</font></p>
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 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Noncash interest
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  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;386&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;269&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Other operating
  activities</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&#8212; &nbsp;</font></p>
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 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;47&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Changes in
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  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Accounts
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  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(1,437)&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;79,586&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Equipment
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  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(36,498)&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;2,394&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Inventory</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;102,167&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;19,306&nbsp;</font></p>
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 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Accounts payable</font></p>
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 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(18,691)&nbsp;</font></p>
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 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(40,557)&nbsp;</font></p>
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 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Customer
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 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;13,419&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(1,510)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Accrued taxes</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;189,387&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(15,403)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Accrued interest</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;9,504&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;9,182&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(71,955)&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(75,896)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;255,478&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;63,536&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=4 valign=bottom width=71% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Cash flows from
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  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Cash used for
  additions to property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(116,079)&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(109,498)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Cash paid for
  acquisitions and licenses</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(279,656)&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(9,135)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Cash received
  from divestitures and exchanges</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;274,111&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;103,042&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Cash received
  for investments</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&#8212; &nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;10,000&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Other investing
  activities</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,151&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">584&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(120,473)&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(5,007)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=4 valign=bottom width=71% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Cash flows
  from financing activities</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Common shares
  reissued for benefit plans, net of tax payments</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;487&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;316&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Common shares
  repurchased</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(2,302)&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(2,000)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Payment of debt
  issuance costs</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(3,018)&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&#8212; &nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Acquisition of
  towers in common control transaction</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(2,437)&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&#8212; &nbsp;</font></p>
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 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Distributions to
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  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(225)&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(346)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Other financing
  activities</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(2,130)&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(23)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(9,625)&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(2,053)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=4 valign=bottom width=71% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Net increase
  in cash and cash equivalents</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;125,380&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;56,476&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=63% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=4 valign=bottom width=71% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Cash and cash
  equivalents</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Beginning of
  period</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;211,513&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;342,065&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=67% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">End of period</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;336,893&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=2% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCEEFF;border:none;border-bottom:double black 2.25pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;398,541&nbsp;</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;line-height:.2pt;">&nbsp;</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">United States Cellular Corporation</font></b></p>
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 </tr>
<tr style="height:11.25pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Financial Measures and Reconciliations</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(Unaudited, dollars in thousands)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=59% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=59% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=5 valign=bottom width=33% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Three Months Ended</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=59% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=5 valign=bottom width=33% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">March 31, </font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=65% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2015&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2014&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=59% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=61% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Cash flows
  from operating activities</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;255,478&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=13% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;63,536&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=61% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Add: Sprint
  Cost Reimbursement</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;15,712&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;11,254&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=4% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=61% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Less: Cash
  used for additions to property, plant and equipment</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;116,079&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#CCEEFF;border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;109,498&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=4% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=59% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Adjusted free
  cash flow (1) </font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;155,111&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">$</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(34,708)&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">(1)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Adjusted free cash flow is defined
as Cash flows from operating activities (which includes cash outflows related
to the Sprint decommissioning), as adjusted for cash proceeds from the Sprint
Cost Reimbursement (which are included in Cash flows from investing activities
in the Consolidated Statement of Cash Flows), less Cash used for additions to
property, plant and equipment. Adjusted free cash flow is a non-GAAP financial
measure which U.S. Cellular believes may be useful to investors and other users
of its financial information in evaluating the amount of cash generated by
business operations (including cash proceeds from the Sprint Cost Reimbursement),
after Cash used for additions to property, plant and equipment.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>




<DIV bclFooter>


<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">Exhibit 99.2</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995</font></i></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">SAFE HARBOR CAUTIONARY STATEMENT</font></i></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">This Form 8-K and/or press
release attached to this Form 8-K contain statements that are not based on
historical facts and represent forward-looking statements, as this term is
defined in the Private Securities Litigation Reform Act of 1995.&nbsp; All
statements, other than statements of historical facts, that address activities,
events or developments that U.S. Cellular intends, expects, projects, believes,
estimates, plans or anticipates will or may occur in the future are
forward-looking statements.&nbsp; The words &#8220;believes,&#8221; &#8220;anticipates,&#8221;
&#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;plans,&#8221; &#8220;intends,&#8221; &#8220;projects&#8221; and similar expressions
are intended to identify these forward-looking statements, but are not the
exclusive means of identifying them. Such forward&#8209;looking statements
involve known and unknown risks, uncertainties and other factors that may cause
actual results, events or developments to be significantly different from any
future results, events or developments expressed or implied by such forward&#8209;looking
statements.&nbsp; Such risks, uncertainties and other factors include those set
forth below, as more fully discussed under &#8220;Risk Factors&#8221; in the most recent
filing of U.S. Cellular&#8217;s Form 10-K, as updated by any U.S. Cellular Form 10-Q
filed subsequent to such Form 10-K.&nbsp; However, such factors are not
necessarily all of the important factors that could cause actual results,
performance or achievements to differ materially from those expressed in, or
implied by, the forward-looking statements contained in this document.&nbsp;
Other unknown or unpredictable factors also could have material adverse effects
on future results, performance or achievements.&nbsp; U.S. Cellular undertakes
no obligation to update publicly any forward-looking statements whether as a
result of new information, future events or otherwise.&nbsp;&nbsp; You should
carefully consider the Risk Factors in the most recent filing of U.S.
Cellular&#8217;s Form 10-K, as updated by any U.S. Cellular Form 10-Q filed
subsequent to such Form 10-K, the following factors and other information
contained in, or incorporated by reference into, this Form 8-K and/or press
release attached to this Form 8-K to understand the material risks relating to U.S.
Cellular&#8217;s business.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Intense competition in the markets in which U.S. Cellular
operates could adversely affect U.S. Cellular&#8217;s revenues or increase its costs
to compete.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">A failure by U.S. Cellular to successfully execute its
business strategy (including planned acquisitions, divestitures and exchanges)
or allocate resources or capital could have an adverse effect on U.S.
Cellular&#8217;s business, financial condition or results of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">U.S. Cellular offers customers the option to purchase
certain devices under installment contracts, which creates certain risks and
uncertainties which could have an adverse impact on U.S. Cellular's financial
condition or results of operations. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Changes in roaming practices or other factors could cause
U.S. Cellular's roaming revenues to decline from current levels and/or impact
U.S. Cellular's ability to service its customers in geographic areas where U.S.
Cellular does not have its own network, which could have an adverse effect on
U.S. Cellular's business, financial condition or results of operations. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">A failure by U.S. Cellular to obtain access to adequate
radio spectrum to meet current or anticipated future needs and/or to accurately
predict future needs for radio spectrum could have an adverse effect on U.S. Cellular&#8217;s
business, financial condition or results of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">To the extent conducted by the Federal Communications
Commission (&#8220;FCC&#8221;), U.S. Cellular is likely to participate in FCC auctions of
additional spectrum in the future as an applicant or as a noncontrolling
partner in another auction applicant and, during certain periods, will be
subject to the FCC&#8217;s anti-collusion rules, which could have an adverse effect
on U.S.&nbsp;Cellular.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Changes in the regulatory environment or a failure by
U.S.&nbsp;Cellular to timely or fully comply with any applicable regulatory
requirements could adversely affect U.S.&nbsp;Cellular&#8217;s business, financial
condition or results of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">An inability to attract people of outstanding potential,
to develop their potential through education and assignments, and to retain
them by keeping them engaged, challenged and properly rewarded could have an
adverse effect on U.S. Cellular's business, financial condition or results of
operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">U.S.&nbsp;Cellular&#8217;s assets are concentrated in the
U.S.&nbsp;wireless telecommunications industry. As a result, its results of
operations may fluctuate based on factors related primarily to conditions in
this industry.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">U.S. Cellular&#8217;s lower scale relative to larger
competitors could adversely affect its business, financial condition or results
of operations.&#160;&#160;&#160; </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">1</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Changes in various business factors could have an adverse
effect on U.S.&nbsp;Cellular&#8217;s business, financial condition or results of
operations. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Advances or changes in technology could render certain technologies
used by U.S.&nbsp;Cellular obsolete, could put U.S. Cellular at a competitive
disadvantage, could reduce U.S.&nbsp;Cellular&#8217;s revenues or could increase its
costs of doing business.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Complexities associated with deploying new technologies
present substantial risk.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">U.S. Cellular is subject to numerous surcharges and fees
from federal, state and local governments, and the applicability and the amount
of these fees are subject to great uncertainty.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Performance under device purchase agreements could have a
material adverse impact on U.S. Cellular's business, financial condition or
results of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Changes in U.S.&nbsp;Cellular&#8217;s enterprise value, changes
in the market supply or demand for wireless licenses, adverse developments in
the business or the industry in which U.S.&nbsp;Cellular is involved and/or
other factors could require U.S.&nbsp;Cellular to recognize impairments in the
carrying value of its licenses, goodwill and/or physical assets.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Costs, integration problems or other factors associated
with acquisitions, divestitures or exchanges of properties or licenses and/or
expansion of U.S.&nbsp;Cellular&#8217;s business could have an adverse effect on
U.S.&nbsp;Cellular&#8217;s business, financial condition or results of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">U.S.&nbsp;Cellular&#8217;s investments in unproven technologies
may not produce the benefits that U.S.&nbsp;Cellular expects.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">A failure by U.S.&nbsp;Cellular to complete significant
network construction and systems implementation activities as part of its plans
to improve the quality, coverage, capabilities and capacity of its network,
support and other systems and infrastructure could have an adverse effect on
its operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Difficulties involving third parties with which U.S.
Cellular does business, including changes in U.S. Cellular's relationships with
or financial or operational difficulties of key suppliers or independent agents
and third party national retailers who market U.S. Cellular services, could
adversely affect U.S.&nbsp;Cellular&#8217;s business, financial condition or results
of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">U.S.&nbsp;Cellular has significant investments in
entities that it does not control. Losses in the value of such investments
could have an adverse effect on U.S.&nbsp;Cellular&#8217;s financial condition or
results of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">A failure by U.S. Cellular to maintain flexible and
capable telecommunication networks or information technology, or a material
disruption thereof, could have an adverse effect on U.S. Cellular&#8217;s business,
financial condition or results of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Cyber-attacks or other breaches of network or information
technology security could have an adverse effect on U.S. Cellular's business,
financial condition or results of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">The market price of U.S.&nbsp;Cellular&#8217;s Common Shares is
subject to fluctuations due to a variety of factors.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Changes in facts or circumstances, including new or
additional information, could require U.S.&nbsp;Cellular to record charges in
excess of amounts accrued in the financial statements, which could have an
adverse effect on U.S.&nbsp;Cellular&#8217;s business, financial condition or results
of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Disruption in credit or other financial markets, a
deterioration of U.S. or global economic conditions or other events could,
among other things, impede U.S. Cellular&#8217;s access to or increase the cost of
financing its operating and investment activities and/or result in reduced
revenues and lower operating income and cash flows, which would have an adverse
effect on U.S. Cellular&#8217;s business, financial condition or results of
operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Uncertainty of U.S. Cellular&#8217;s ability to access capital,
deterioration in the capital markets, other changes in market conditions,
changes in U.S.&nbsp;Cellular&#8217;s credit ratings or other factors could limit or
restrict the availability of financing on terms and prices acceptable to
U.S.&nbsp;Cellular, which could require U.S.&nbsp;Cellular to reduce its
construction, development or acquisition programs.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Settlements, judgments, restraints on its current or
future manner of doing business and/or legal costs resulting from pending and
future litigation could have an adverse effect on U.S.&nbsp;Cellular&#8217;s
business, financial condition or results of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>


<DIV bclFooter>


<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">2</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_3"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

<DIV bclHeader>


<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">The possible development of adverse precedent in
litigation or conclusions in professional studies to the effect that radio
frequency emissions from wireless devices and/or cell sites cause harmful
health consequences, including cancer or tumors, or may interfere with various
electronic medical devices such as pacemakers, could have an adverse effect on
U.S.&nbsp;Cellular&#8217;s business, financial condition or results of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Claims of infringement of intellectual property and
proprietary rights of others, primarily involving patent infringement claims,
could prevent U.S. Cellular from using necessary technology to provide products
or services or subject U.S. Cellular to expensive intellectual property
litigation or monetary penalties, which could have an adverse effect on U.S.
Cellular&#8217;s business, financial condition or results of operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">There are potential conflicts of interests between TDS
and U.S.&nbsp;Cellular.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Certain matters, such as control by TDS and provisions in
the U.S.&nbsp;Cellular Restated Certificate of Incorporation, may serve to
discourage or make more difficult a change in control of U.S.&nbsp;Cellular.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;letter-spacing:-.1pt;line-height:normal;">Any of the foregoing events or other events could cause
revenues, earnings, capital expenditures and/or any other financial or
statistical information to vary from U.S.&nbsp;Cellular&#8217;s forward-looking
estimates by a material amount.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>




<DIV bclFooter>


<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">3</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
