Qwest Corporation Announces Offer to Purchase $750 Million of Notes

August 11, 2004 - (HostReview.com) - Qwest Communications International Inc. (www.qwest.com) announced today that its Qwest Corporation (QC) subsidiary is offering to purchase for cash any and all of its $750 million aggregate principal amount of 7.20% notes due November 1, 2004.

Holders who validly tender their notes at or prior to 5:00 p.m. EDT, on Tuesday, August 24, 2004 (the Early Participation Payment Deadline), will receive total consideration of $1,009.40 per $1,000 principal amount of notes accepted for purchase, consisting of a purchase price of $989.40 per $1,000 principal amount of notes and an early participation payment of $20 per $1,000 principal amount of notes (the Early Participation Payment). Holders who validly tender their notes at or prior to the Early Participation Payment Deadline will receive payment on or about the first business day following the Early Participation Payment Deadline. Tenders of notes may be withdrawn only prior to 5:00 p.m. EDT on Early Participation Payment Deadline.

The offer is scheduled to expire at midnight EDT on Wednesday, September 8, 2004, unless extended or earlier terminated (the Expiration Time). Holders who validly tender their notes after the Early Participation Payment Deadline and at or prior to the Expiration Time will only receive the purchase price of $989.40 per $1,000 principal amount of notes accepted for purchase and will not be entitled to receive the Early Participation Payment.

The offer is subject to the satisfaction of certain conditions, including the completion of the private offering of $500 million aggregate principal amount of new QC debt securities launched simultaneously with this offer. The offer is not subject to the receipt of any minimum amount of tenders.

This announcement is not an offer to purchase or a solicitation of an offer to purchase any securities. The offer will be made solely by the Offer to Purchase dated, August 11, 2004 and the related letter of transmittal.

Qwest Communications International Inc. (NYSE: Q) is a leading provider of voice, video and data services. With more than 40,000 employees, Qwest is committed to the "Spirit of Service" and providing world-class services that exceed customers' expectations for quality, value and reliability. For more information, please visit the Qwest Web site at.