Qwest Commences Exchange Offers

HostReview.com
Friday, May 13, 2005; 10:23 AM

Qwest Communications International Inc. (www.qwest.com) announced today the commencement of an offer to exchange all of its privately placed outstanding 7.25 percent notes due 2011, 7.5 percent notes due 2014, and floating rate notes due 2009, for newly registered 7.25 percent notes due 2011, 7.5 percent notes due 2014 and floating rate notes due 2009, (together the "QCII notes"), respectively.

Qwest Services Corporation (QSC), a wholly-owned subsidiary of Qwest, also announced today the commencement of an offer to exchange all of QSC's privately placed outstanding 13 percent notes due 2007, 13.5 percent notes due 2010 and 14 percent notes due 2014, for newly registered 13 percent notes due 2007, 13.5 percent notes due 2010 and 14 percent notes due 2014, (together the "QSC notes"), respectively, to be issued by QSC.

The exchange offers, which are required by the registration rights agreements for the outstanding notes, are being made pursuant to prospectuses dated April 21, 2005.

Copies of the exchange-offer prospectuses and related transmittal materials governing the exchange offers are available from the exchange agent for the offers, J. P. Morgan Trust Company, National Association, at:
J. P. Morgan Trust Company, National Association, Institutional Trust Services, 2001 Bryan Street, 9th Floor, Dallas, TX 75201, Attn: Frank Ivins, Phone: 1-800-275-2048

The terms of the new notes are substantially identical to the terms of the outstanding notes, except that the new notes will be registered under the Securities Act of 1933, as amended. The exchange offer for the QCII notes will expire at 5:00 p.m. EST on June 9, 2005, unless extended. The exchange offer for the QSC notes will expire at 5:00 p.m. EST on June 10, 2005, unless extended.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities.