TDS Special Common Shares

In February 2005, the TDS Board of Directors approved a stock dividend of TDS Special Common Shares - one share of Special Common Shares for each share of TDS common or Series A common stock. At that time, the authorized number of Special Common Shares was 20 million. In part to effect the stock dividend, TDS proposed increasing the number of authorized shares of the Special Common Shares to 165 million, an action that required shareholder approval. TDS shareholders approved the proposal to increase the number of authorized shares at a Special shareholder meeting held April 11, 2005.

TDS issued a stock dividend of Special Common Shares on May 13, 2005 to shareholders of record as of April 29, 2005. The Special Common Shares trade on the American Stock Exchange under the ticker symbol TDS.S.

The following provides additional information and background regarding the Special Common Shares:

Press releases related to the TDS Special Common Shares