Liberty Global Ltd. agreed to Spin-Off Sunrise Gmbh on February 16, 2024. The proposed spin-off is expected to be tax-free for Liberty Global US shareholders with evaluation of tax treatment in other jurisdictions ongoing and is subject to market conditions, board approval of the final terms of the spin-off, Liberty Global shareholder approval and other customary conditions. The listing of Sunrise on the SIX Swiss Exchange is planned for 2nd Half of 2024.