AirTouch Announces Record Date for First Quarter Dividends On Convertible Preferred Stock

Business Wire, March 18, 1999

SAN FRANCISCO--(BUSINESS WIRE)--March 18, 1999--AirTouch Communications (NYSE:ATI) Board of Directors has declared March 31, 1999, as the record date for the first quarter dividends on its 6.00% Class B Mandatorily Convertible Preferred Stock, Series 1996 and its 4.25% Class C Convertible Preferred Stock, Series 1996.

The dividend on the 6.00% Class B Preferred Stock will be $0.43500 per share, and the dividend on the 4.25% Class C Preferred Stock will be $0.53125 per share. The payment date for both dividends is May 17, 1999.

AirTouch Communications is the largest wireless company in the world based on the more than 40 million customers served by its global ventures. AirTouch has more than 17 million customers based on its ownership share in cellular, paging, and personal communications services in the United States, Belgium, Egypt, Germany, India, Italy, Japan, Poland, Portugal, Romania, South Korea, Spain, and Sweden, as well as the Globalstar satellite system. On January 15, 1999, AirTouch and Vodafone Group Plc announced a definitive agreement to merge. If consummated, the transaction would result in the creation of a global wireless company with more than 27 million customers in 23 countries. The transaction is targeted to close in the second half of 1999.

For a fax copy of this or other AirTouch press releases, please call 1-800/344-7531 or visit the AirTouch web site at www.airtouch.com.