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Shareholder Information <br />Further Information <br />Call 800.833.1188, Monday through <br />Friday from 8 a.m. to 5 p.m. Central Time <br />for stock - related inquiries. Certain <br />financial information can also be found <br />on CenturyLink's Investor Relations Web <br />site at ir.centurylink.com or its Corporate <br />Web site at www.centurylink.com. To obtain <br />a copy of CenturyLink's Annual Report on <br />Form 10 -K at no charge, contact: <br />Investor Relations <br />CenturyLink <br />100 CenturyLink Drive <br />Monroe, Louisiana 71203 <br />800.833.1188 Telephone <br />318.388.9064 Fax <br />cathy.hays @centurylink.com <br />Dividend Reinvestment Plan <br />By participating in CenturyLink's Dividend <br />Reinvestment and Stock Purchase Service <br />(the Service), shareholders may purchase <br />common stock with their reinvested <br />dividends at market price. In order to <br />participate in this plan, individuals must <br />own at least one share of CenturyLink stock <br />registered in their name. Under this Service, <br />shareholders pay no commission or handling <br />charge for purchases made with reinvested <br />dividends or those made under the optional <br />cash purchase provision. Optional payments <br />must be at least $25 per payment with a <br />maximum of $150,000 per calendar year. <br />Optional payments may be made at any time <br />by check or money order, or monthly, via <br />direct debit. Upon request, shareholders can <br />obtain information on the Service directly <br />from CenturyLink or from our Transfer Agent. <br />Transfer Agent <br />Computershare Trust Company <br />Dividend Reinvestment Department <br />P.O. Box 43078 <br />Providence, Rhode Island 02940 -3078 <br />800.969.6718 <br />Annual Meeting <br />CenturyLink's annual meeting <br />of shareholders will be held Wednesday, <br />May 18, 2011, at 10:00 a.m. CDT <br />at the following location: <br />Corporate Headquarters <br />100 CenturyLink Drive <br />Monroe, Louisiana 71203 <br />Trading and Dividend Information <br />2010 <br />High <br />Low <br />Close <br />Declared <br />1st <br />quarter <br />$37.00 <br />$32.98 <br />$35.46 <br />$0.725 <br />2nd <br />quarter <br />36.73 <br />14.1611 <br />33.31 <br />0.725 <br />3rd <br />quarter <br />40.00 <br />32.92 <br />39.46 <br />0.725 <br />4th <br />quarter <br />46.87 <br />39.18 <br />46.17 <br />0.725 <br />2009 High Low Close Declared <br />1st <br />quarter $29.22 $23.41 $28.12 $30 <br />2nd <br />quarter 33.62 25.26 30.70 .70 <br />3rd <br />quarter 34.00 28.90 33.60 .70 <br />4th <br />quarter 37.15 32.25 36.21 .70 <br />During the widely - publicized temporary market <br />disruption that occurred on the afternoon of <br />May 6, 2010, our common stock momentarily traded <br />as low as $14.16 in markets other than the NYSE. The <br />opening and closing prices of our common stock on <br />May 6, 2010, were $34.48 and $33.52, respectively. <br />CenturyLink, Inc. Stock <br />CenturyLink's common stock is listed on <br />the New York Stock Exchange under the <br />symbol CTL. <br />Projected Dividend Dates* <br />Record Date Payment Date <br />1st <br />quarter February 18, 2011 February 25, 2011 <br />2nd <br />quarter June 6, 2011 June 16, 2011 <br />3rd <br />quarter September 6, 2011 September 16, 2011 <br />4th <br />quarter December 4, 2011 December 16, 2011 <br />"Subject to discretion of the CenturyLink Board of Directors <br />