On August 29, 2007, Shareholders of Alltel Corporation (“AT”) voted concerning the proposed

merger with Atlantis Holdings LLC, an entity controlled by private investment funds affiliated with

TPG Partners V, L.P. and GS Capital Partners VI Fund, L.P. The merger was approved and

subsequently consummated. As a result, starting after the close of business on November 16,

 2007 each existing AT Common Share will be converted into the right to receive $71.50 net

cash per share.

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