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RNS Number : 8377Y

Verizon Communications

29 January 2014

Verizon Communications Inc.

January 29, 2014

Notification of Transactions of Directors, Persons Discharging

Managerial Responsibility or Connected Persons

The notification listed below was received under paragraph 3.1.2 of the UK's Disclosure and Transparency Rules.

Verizon Communications Inc. (the "Company") makes the following announcement:

The Company received notification on January 28, 2014 that Joseph Neubauer, Director, a person discharging managerial responsibility, exercised options in the United States on January 27, 2014 to purchase 7,798 shares of common stock of the Company (the "Shares") at an exercise price of USD 34.15 per Share. These options were granted to Mr. Neubauer on February 4, 2004. In connection with (i) the spin-off of Verizon's domestic directories on November 17, 2006, and (ii) the spin-off of Verizon's domestic telephone lines on July 1 2010, stock-based awards held by current and former Verizon directors, including these options, were adjusted pursuant to the antidilution provisions of Verizon's Long-Term Incentive Plan. Prior to these adjustments, as of February 4, 2004, these options constituted the right to purchase 7,246 shares of common stock at an exercise price of USD 36.75.

William L. Horton, Jr.

Corporate Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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