LEVEL 3 COMMUNICATIONS, INC.
Proposal 1.
MERGER PROPOSAL. PROPOSAL TO ADOPT THE AGREEMENT AND PLAN OF MERGER, DATED AS OF OCTOBER 31, 2016, AMONG LEVEL 3 COMMUNICATIONS, INC. ("LEVEL 3"), CENTURYLINK, INC. ("CENTURYLINK"), WILDCAT MERGER SUB 1 LLC ("MERGER SUB 1") AND WWG MERGER SUB LLC, PURSUANT TO WHICH MERGER SUB 1, A WHOLLY OWNED SUBSIDIARY OF CENTURYLINK, WILL MERGE WITH AND INTO LEVEL 3, WITH LEVEL 3 SURVIVING THE MERGER AS A WHOLLY OWNED SUBSIDIARY OF CENTURYLINK; AND TO APPROVE THE MERGER.
Caisse vote:
For
Applicable policy or principle:
PR_14
Proposal 2.
COMPENSATION PROPOSAL. PROPOSAL TO APPROVE, ON A NON-BINDING, ADVISORY BASIS, THE COMPENSATION THAT MAY BE PAID OR BECOME PAYABLE TO LEVEL 3'S NAMED EXECUTIVE OFFICERS IN CONNECTION WITH THE MERGER, AND THE AGREEMENTS AND UNDERSTANDINGS PURSUANT TO WHICH SUCH COMPENSATION MAY BE PAID OR BECOME PAYABLE.
Caisse vote:
For
Applicable policy or principle:
PR_07_08
Proposal 3.
ADJOURNMENT PROPOSAL. PROPOSAL TO APPROVE THE ADJOURNMENT OR POSTPONEMENT OF THE SPECIAL MEETING, IF NECESSARY OR APPROPRIATE TO SOLICIT PROXIES IF THERE ARE NOT SUFFICIENT VOTES AT THE TIME OF THE SPECIAL MEETING TO APPROVE THE MERGER PROPOSAL (PROPOSAL 1).
Caisse vote:
Against
Applicable policy or principle:
PR_14