NEW YORK, May 14, 2024 /PRNewswire/ — Warner Bros. Discovery, Inc. (“Warner Bros. Discovery” or the “Company“) announced today, in connection with the previously announced cash tender offer (the “Tender Offer“) by its wholly-owned subsidiaries Warner Media, LLC (“WML“), Discovery Communications, LLC (“DCL“) and WarnerMedia Holdings, Inc. (“WMH” and, together with WML and DCL, the “Issuers“), that the aggregate purchase price of notes described in the table below (the “Notes“) that the Issuers intend to purchase in the Tender Offer is increased from the previously announced amount to an aggregate purchase price (excluding accrued and unpaid interest) of up to $2,500,000,000 (the “Aggregate Tender Cap“) of the Notes. The Tender Offer is being made pursuant to and is subject to the terms and conditions set forth in the Offer to Purchase, dated May 9, 2024 (the “Offer to Purchase“). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

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