Liberty Media LLC Watch

from S-4 2 pages Number B- Incorporated Under the Laws of the State of Delaware Shares - -0- Cusip No. Liberty Media Corporation Series B Liberty Capital Common Stock, Par Value $.01 Per Share Specimen Certificate

from S-4 2 pages Number A- Incorporated Under the Laws of the State of Delaware Shares - -0- Cusip No. Liberty Media Corporation Series a Liberty Capital Common Stock, Par Value $.01 Per Share Specimen Certificate

from S-4 2 pages Number B- Incorporated Under the Laws of the State of Delaware Shares - -0- Cusip No. Liberty Media Corporation Series B Liberty Interactive Common Stock, Par Value $.01 Per Share Specimen Certificate

from S-4 2 pages Number A- Incorporated Under the Laws of the State of Delaware Shares - -0- Cusip No. Liberty Media Corporation Series a Liberty Interactive Common Stock, Par Value $.01 Per Share Specimen Certificate

from S-3 26 pages Registration Rights Agreement

from S-3 9 pages Noncompetition and Nonsolicitation Agreement

from S-3 8 pages Amendment to Share Exchange Agreement

from S-3/A ~5 pages Unless This Security Is Presented by an Authorized Representative of the Depository Trust Company, a New York Corporation ("Dtc"), to the Company (As Defined Below) or Its Agent for Registration of Transfer, Exchange or Payment, and Any Security Issued Is Registered in the Name of Cede & Co. or in Such Other Name as Requested by an Authorized Representative of Dtc (And Any Payment Is Made to Cede & Co. or to Such Other Entity as Is Requested by an Authorized Representative of Dtc) Any Transfer, Pledge or Other Use Hereof for Value or Otherwise by or to Any Person Is Wrongful Inasmuch as the Registered Owner Hereof, Cede & Co., Has an Interest Herein. No Beneficial Interest in This Security May Be Held by or on Behalf of an Initial Purchaser (As Defined in the Thirteenth Supplemental Indenture, Dated as of September 17, 2003, to the Indenture), Comcast Corporation or Any of Their Respective Affiliates. No. T-[ ] $400,000,000 Cusip No. [ ]

from S-3/A ~5 pages Unless This Security Is Presented by an Authorized Representative of the Depository Trust Company, a New York Corporation ("Dtc"), to the Company (As Defined Below) or Its Agent for Registration of Transfer, Exchange or Payment, and Any Security Issued Is Registered in the Name of Cede & Co. or in Such Other Name as Requested by an Authorized Representative of Dtc (And Any Payment Is Made to Cede & Co. or to Such Other Entity as Is Requested by an Authorized Representative of Dtc) Any Transfer, Pledge or Other Use Hereof for Value or Otherwise by or to Any Person Is Wrongful Inasmuch as the Registered Owner Hereof, Cede & Co., Has an Interest Herein. No Beneficial Interest in This Security May Be Held by or on Behalf of Any Person Other an Initial Purchaser (As Defined in the Thirteenth Supplemental Indenture, Dated as of September 17, 2003, to the Indenture). No. Ip-[ ] $400,000,000 Cusip No. [ ]

from S-3/A ~10 pages Liberty Media Corporation and the Bank of New York Trustee Thirteenth Supplemental Indenture Dated as of September 17, 2003 Supplementing the Trust Indenture Dated as of July 7, 1999 Floating Rate Senior Notes Due 2006

from S-3 ~20 pages Form of Amended and Restated Registration Rights Agreement

from S-3 ~10 pages Registration Rights Agreement

from S-3 ~5 pages Stock Purchase Agreement

from SC 13D 1 page Deed of Adherence This Deed Witnesses as Follows: /S/ Albert Rosenthaler Authorized Agent

from S-3/A ~10 pages Instructions for Use of Right Certificates

from S-3/A ~5 pages Specimen Series a Subscription Rights Certificate

from S-3/A ~20 pages Amendment to Stock Purchase Agreement

from S-4 ~10 pages Instructions for Use of Rights Certificates

from S-4 ~10 pages Series B Rights Certificate

from S-4 ~5 pages Series a Rights Certificate