Verizon Communications Investor Presentation — July 2020

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July 24, 2020 VlpHU09DSUQyMDE4UTQ

“Safe Harbor” Statement

NOTE: In this presentation we have made forward-looking statements. These statements are based on our estimates and assumptions and are

subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of

operations. Forward-looking statements also include those preceded or followed by the words “anticipates,” “believes,” “estimates,” “expects,”

“hopes” or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the

Private Securities Litigation Reform Act of 1995. We undertake no obligation to revise or publicly release the results of any revision to these

forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on

such forward-looking statements. The following important factors, along with those discussed in our filings with the Securities and Exchange

Commission (the “SEC”), could affect future results and could cause those results to differ materially from those expressed in the forward-looking

statements: cyber attacks impacting our networks or systems and any resulting financial or reputational impact; natural disasters, terrorist attacks

or acts of war or significant litigation and any resulting financial or reputational impact; the impact of the global outbreak of COVID-19 on our

operations, our employees and the ways in which our customers use our networks and other products and services; disruption of our key suppliers’

or vendors' provisioning of products or services, including as a result of the COVID-19 outbreak; material adverse changes in labor matters and any

resulting financial or operational impact; the effects of competition in the markets in which we operate; failure to take advantage of developments in

technology and address changes in consumer demand; performance issues or delays in the deployment of our 5G network resulting in significant

costs or a reduction in the anticipated benefits of the enhancement to our networks; the inability to implement our business strategy; adverse

conditions in the U.S. and international economies; changes in the regulatory environment in which we operate, including any increase in restrictions

on our ability to operate our business; our high level of indebtedness; an adverse change in the ratings afforded our debt securities by nationally

accredited ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or availability of further