EXHIBIT 99.1 ATTRIBUTED FINANCIAL INFORMATION FOR TRACKING STOCK GROUPS Our Liberty Interactive common stock is intended to reflect the separate performance of our Interactive Group which is comprised of our businesses engaged in video and on-line commerce, including our subsidiaries, QVC, Inc., Provide Commerce, Inc., BuySeasons, Inc. and Backcountry.com, Inc. and our interests in IAC/InterActiveCorp and Expedia, Inc. Our Liberty Capital common stock is intended to reflect the separate performance of our Capital Group which is comprised of all of our assets and businesses not attributed to the Interactive Group. The following tables present our assets, liabilities, revenue, expenses and cash flows as of and for the six months ended June 30, 2007 and 2006. The tables further present our assets, liabilities, revenue, expenses and cash flows that are attributed to the Interactive Group and the Capital Group, respectively. The financial information should be read in conjunction with our unaudited condensed consolidated financial statements for the three and six months ended June 30, 2007 included in this Quarterly Report on Form 10-Q. The attributed financial information presented in the tables has been prepared assuming the Restructuring had been completed as of January 1, 2006. Notwithstanding the following attribution of assets, liabilities, revenue, expenses and cash flows to the Interactive Group and the Capital Group, our tracking stock structure does not affect the ownership or the respective legal title to our assets or responsibility for our liabilities. We and our subsidiaries are each responsible for our respective liabilities. Holders of Liberty Interactive common stock and Liberty Capital common stock are holders of our common stock and are subject to risks associated with an investment in our company and all of our businesses, assets and liabilities. The issuance of Liberty Interactive common stock and Liberty Capital common stock does not affect the rights of our creditors or creditors of our subsidiaries. 1 SUMMARY ATTRIBUTED FINANCIAL DATA INTERACTIVE GROUP

JUNE 30, DECEMBER 31, 2007 2006 --------- ------------- AMOUNTS IN MILLIONS SUMMARY BALANCE SHEET DATA: Current assets.............................................. $ 2,683 2,984 Cost investments............................................ $ 2,606 2,572 Equity investments.......................................... $ 1,279 1,358 Total assets................................................ $19,552 19,820 Long-term debt, including current portion................... $ 6,841 6,383 Deferred income tax liabilities............................. $ 2,961 3,057 Attributed net assets....................................... $ 8,315 8,561

THREE MONTHS SIX MONTHS ENDED ENDED JUNE 30, JUNE 30, ------------------- ------------------- 2007 2006 2007 2006 -------- -------- -------- -------- AMOUNTS IN MILLIONS SUMMARY OPERATIONS DATA: Revenue..................................................... $ 1,791 1,715 3,562 3,323 Cost of sales............................................... (1,112) (1,054) (2,222) (2,054) Operating expenses.......................................... (148) (141) (292) (273) Selling, general and administrative expenses(1)............. (147) (152) (295) (290) Depreciation and amortization............................... (137) (125) (262) (245) ------- ------ ------ ------ Operating income........................................ 247 243 491 461 Interest expense............................................ (105) (97) (219) (190) Other income, net........................................... 48 36 76 70 Income tax expense.......................................... (81) (46) (141) (122) Minority interests in earnings of subsidiaries.............. (7) (10) (14) (18) ------- ------ ------ ------ Earnings before cumulative effect of accounting change.... 102 126 193 201 Cumulative effect of accounting change, net of taxes........ -- -- -- (87) ------- ------ ------ ------ Net earnings............................................ $ 102 126 193 114 ======= ====== ====== ======

- ------------------------ (1) Includes stock-based compensation of $9 million and $17 million for the three months ended June 30, 2007 and 2006, respectively; and $22 million and $44 million for the six months ended June 30, 2007 and 2006, respectively. 2 SUMMARY ATTRIBUTED FINANCIAL DATA CAPITAL GROUP

JUNE 30, DECEMBER 31, 2007 2006 --------- ------------- AMOUNTS IN MILLIONS SUMMARY BALANCE SHEET DATA: Current assets.............................................. $ 3,532 3,776 Cost investments............................................ $17,571 19,050 Equity investments.......................................... $ 517 484 Total assets................................................ $28,138 27,849 Long-term debt, including current portion................... $ 5,024 2,640 Deferred income tax liabilities............................. $ 6,014 6,604 Attributed net assets....................................... $12,709 13,072

THREE MONTHS SIX MONTHS ENDED ENDED JUNE 30, JUNE 30, ------------------- ------------------- 2007 2006 2007 2006 -------- -------- -------- -------- AMOUNTS IN MILLIONS SUMMARY OPERATIONS DATA: Revenue..................................................... $ 402 310 754 603 Operating expenses.......................................... (286) (220) (526) (433) Selling, general and administrative expenses(1)............. (101) (55) (182) (108) Depreciation and amortization............................... (35) (21) (61) (42) ----- ---- ----- ---- Operating income (loss)................................. (20) 14 (15) 20 Interest expense............................................ (40) (63) (76) (118) Realized and unrealized gains (losses) on financial instruments, net.......................................... (247) 365 95 152 Gain on dispositions, net................................... 617 303 623 327 Other income, net........................................... 45 30 103 84 Income tax benefit (expense)................................ 453 (294) 311 (118) Minority interests in losses (earnings) of subsidiaries..... (8) 1 (5) 3 ----- ---- ----- ---- Earnings from continuing operations....................... 800 356 1,036 350 Earnings (loss) from discontinued operations, net of taxes..................................................... 107 (4) 149 (10) Cumulative effect of accounting change, net of taxes........ -- -- -- (2) ----- ---- ----- ---- Net earnings............................................ $ 907 352 1,185 338 ===== ==== ===== ====

- ------------------------ (1) Includes stock-based compensation of $9 million and $4 million for the three months ended June 30, 2007 and 2006, respectively; and $18 million and $7 million for the six months ended June 30, 2007 and 2006, respectively. 3 BALANCE SHEET INFORMATION JUNE 30, 2007 (UNAUDITED)

ATTRIBUTED (NOTE 1) ----------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP ELIMINATIONS LIBERTY ----------- --------- ------------ ------------ AMOUNTS IN MILLIONS ASSETS Current assets: Cash and cash equivalents........................ $ 806 2,388 -- 3,194 Trade and other receivables, net................. 840 343 -- 1,183 Inventory, net................................... 862 -- -- 862 Program rights................................... -- 564 -- 564 Financial instruments (note 2)................... -- 174 -- 174 Current deferred tax assets...................... 116 -- (116) -- Other current assets............................. 59 63 -- 122 ------- ------ ---- ------ Total current assets........................... 2,683 3,532 (116) 6,099 ------- ------ ---- ------ Investments in available-for-sale securities and other cost investments........................... 2,606 17,571 -- 20,177 Long-term financial instruments (note 2)........... 28 1,063 -- 1,091 Investments in affiliates, accounted for using the equity method.................................... 1,279 517 -- 1,796 Investment in special purpose entity............... -- 750 -- 750 Property and equipment, net........................ 1,012 285 -- 1,297 Goodwill........................................... 5,831 2,068 -- 7,899 Trademarks......................................... 2,470 21 -- 2,491 Intangible assets subject to amortization, net..... 3,600 398 -- 3,998 Other assets, at cost, net of accumulated amortization..................................... 43 1,933 -- 1,976 ------- ------ ---- ------ Total assets................................... $19,552 28,138 (116) 47,574 ======= ====== ==== ====== LIABILITIES AND EQUITY Current liabilities: Accounts payable................................. $ 408 26 -- 434 Accrued interest................................. 98 43 -- 141 Other accrued liabilities........................ 540 461 -- 1,001 Intergroup payable (receivable).................. 5 (5) -- -- Financial instruments (note 2)................... -- 1,365 -- 1,365 Current portion of debt (note 3)................. 22 198 -- 220 Current deferred tax liabilities................. -- 293 (116) 177 Other current liabilities........................ 49 55 -- 104 ------- ------ ---- ------ Total current liabilities...................... 1,122 2,436 (116) 3,442 ------- ------ ---- ------ Long-term debt (note 3)............................ 6,819 4,826 -- 11,645 Long-term financial instruments (note 2)........... -- 131 -- 131 Deferred income tax liabilities (note 5)........... 2,961 6,014 -- 8,975 Other liabilities.................................. 252 1,213 -- 1,465 ------- ------ ---- ------ Total liabilities.............................. 11,154 14,620 (116) 25,658 Minority interests in equity of subsidiaries....... 83 809 -- 892 Equity/Attributed net assets....................... 8,315 12,709 -- 21,024 ------- ------ ---- ------ Total liabilities and equity................... $19,552 28,138 (116) 47,574 ======= ====== ==== ======

4 STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION THREE MONTHS ENDED JUNE 30, 2007 (UNAUDITED)

ATTRIBUTED (NOTE 1) ----------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP LIBERTY ----------- --------- ------------ AMOUNTS IN MILLIONS Revenue: Net retail sales.......................................... $1,791 -- 1,791 Communications and programming services................... -- 402 402 ------ ---- ----- 1,791 402 2,193 ------ ---- ----- Operating costs and expenses: Cost of sales............................................. 1,112 -- 1,112 Operating................................................. 148 286 434 Selling, general and administrative (including stock-based compensation of $9 million and $9 million for Interactive Group and Capital Group, respectively (notes 1 and 4)......................................... 147 101 248 Depreciation and amortization............................. 137 35 172 ------ ---- ----- 1,544 422 1,966 ------ ---- ----- Operating income (loss)................................. 247 (20) 227 Other income (expense): Interest expense.......................................... (105) (40) (145) Dividend and interest income.............................. 12 52 64 Share of earnings (losses) of affiliates, net............. 24 (8) 16 Realized and unrealized losses on financial instruments, net..................................................... (4) (247) (251) Gains on dispositions, net................................ 12 617 629 Other, net................................................ 4 1 5 ------ ---- ----- (57) 375 318 ------ ---- ----- Earnings from continuing operations before income taxes and minority interests................................ 190 355 545 Income tax benefit (expense) (note 5)....................... (81) 453 372 Minority interests in earnings of subsidiaries.............. (7) (8) (15) ------ ---- ----- Earnings from continuing operations..................... 102 800 902 Earnings from discontinued operations, net of taxes......... -- 107 107 ------ ---- ----- Net earnings............................................ $ 102 907 1,009 ------ ---- ----- Other comprehensive earnings (loss), net of taxes: Foreign currency translation adjustments.................. 9 2 11 Unrealized holding losses arising during the period....... (50) (272) (322) Recognition of previously unrealized gains on available-for-sale securities, net...................... -- (392) (392) ------ ---- ----- Other comprehensive loss.............................. (41) (662) (703) ------ ---- ----- Comprehensive earnings.............................. $ 61 245 306 ====== ==== =====

5 STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION THREE MONTHS ENDED JUNE 30, 2006 (UNAUDITED)

ATTRIBUTED (NOTE 1) ----------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP LIBERTY ----------- --------- ------------ AMOUNTS IN MILLIONS Revenue: Net retail sales.......................................... $1,715 -- 1,715 Communications and programming services................... -- 310 310 ------ ---- ----- 1,715 310 2,025 ------ ---- ----- Operating costs and expenses: Cost of sales............................................. 1,054 -- 1,054 Operating................................................. 141 220 361 Selling, general and administrative (including stock-based compensation of $17 million and $4 million for Interactive Group and Capital Group, respectively) (notes 1 and 4)......................................... 152 55 207 Depreciation and amortization............................. 125 21 146 ------ ---- ----- 1,472 296 1,768 ------ ---- ----- Operating income........................................ 243 14 257 Other income (expense): Interest expense.......................................... (97) (63) (160) Dividend and interest income.............................. 10 29 39 Share of earnings of affiliates, net...................... 17 4 21 Realized and unrealized gains (losses) on financial instruments, net........................................ (3) 365 362 Gains on dispositions of assets, net...................... -- 303 303 Other, net................................................ 12 (3) 9 ------ ---- ----- (61) 635 574 ------ ---- ----- Earnings from continuing operations before income taxes and minority interests................................ 182 649 831 Income tax expense (note 5)................................. (46) (294) (340) Minority interests in losses (earnings) of subsidiaries..... (10) 1 (9) ------ ---- ----- Earnings from continuing operations..................... 126 356 482 Loss from discontinued operations, net of taxes............. -- (4) (4) ------ ---- ----- Net earnings............................................ $ 126 352 478 ------ ---- ----- Other comprehensive earnings (loss), net of taxes: Foreign currency translation adjustments.................. 58 -- 58 Unrealized holding gains (losses) arising during the period.................................................. (141) 582 441 Other comprehensive earnings from discontinued operations.............................................. -- 1 1 ------ ---- ----- Other comprehensive earnings (loss)................... (83) 583 500 ------ ---- ----- Comprehensive earnings.............................. $ 43 935 978 ====== ==== =====

6 STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION SIX MONTHS ENDED JUNE 30, 2007 (UNAUDITED)

ATTRIBUTED (NOTE 1) ----------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP LIBERTY ----------- --------- ------------ AMOUNTS IN MILLIONS Revenue: Net retail sales.......................................... $3,562 -- 3,562 Communications and programming services................... -- 754 754 ------ ----- ----- 3,562 754 4,316 ------ ----- ----- Operating costs and expenses: Cost of sales............................................. 2,222 -- 2,222 Operating................................................. 292 526 818 Selling, general and administrative (including stock-based compensation of $22 million and $18 million for Interactive Group and Capital Group, respectively (notes 1 and 4)......................................... 295 182 477 Depreciation and amortization............................. 262 61 323 ------ ----- ----- 3,071 769 3,840 ------ ----- ----- Operating income (loss)................................. 491 (15) 476 Other income (expense): Interest expense.......................................... (219) (76) (295) Dividend and interest income.............................. 23 116 139 Share of earnings (losses) of affiliates, net............. 39 (14) 25 Realized and unrealized gains (losses) on financial instruments, net........................................ (2) 95 93 Gains on dispositions, net................................ 12 623 635 Other, net................................................ 4 1 5 ------ ----- ----- (143) 745 602 ------ ----- ----- Earnings from continuing operations before income taxes and minority interests................................ 348 730 1,078 Income tax benefit (expense) (note 5)....................... (141) 311 170 Minority interests in earnings of subsidiaries.............. (14) (5) (19) ------ ----- ----- Earnings from continuing operations..................... 193 1,036 1,229 Earnings from discontinued operations, net of taxes......... -- 149 149 ------ ----- ----- Net earnings............................................ $ 193 1,185 1,378 ------ ----- ----- Other comprehensive earnings (loss), net of taxes: Foreign currency translation adjustments.................. 21 1 22 Unrealized holding losses arising during the period....... (33) (14) (47) Recognition of previously unrealized gains on available-for-sale securities, net...................... -- (396) (396) ------ ----- ----- Other comprehensive loss.............................. (12) (409) (421) ------ ----- ----- Comprehensive earnings.............................. $ 181 776 957 ====== ===== =====

7 STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION SIX MONTHS ENDED JUNE 30, 2006 (UNAUDITED)

ATTRIBUTED (NOTE 1) ----------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP LIBERTY ----------- --------- ------------ AMOUNTS IN MILLIONS Revenue: Net retail sales.......................................... $3,323 -- 3,323 Communications and programming services................... -- 603 603 ------ ----- ----- 3,323 603 3,926 ------ ----- ----- Operating costs and expenses: Cost of sales............................................. 2,054 -- 2,054 Operating................................................. 273 433 706 Selling, general and administrative (including stock-based compensation of $44 million and $7 million for Interactive Group and Capital Group, respectively) (notes 1 and 4)......................................... 290 108 398 Depreciation and amortization............................. 245 42 287 ------ ----- ----- 2,862 583 3,445 ------ ----- ----- Operating income........................................ 461 20 481 Other income (expense): Interest expense.......................................... (190) (118) (308) Dividend and interest income.............................. 19 76 95 Share of earnings of affiliates, net...................... 21 8 29 Realized and unrealized gains on financial instruments, net..................................................... 17 152 169 Gains on dispositions of assets, net...................... -- 327 327 Other, net................................................ 13 -- 13 ------ ----- ----- (120) 445 325 ------ ----- ----- Earnings from continuing operations before income taxes and minority interests................................ 341 465 806 Income tax expense (note 5)................................. (122) (118) (240) Minority interests in losses (earnings) of subsidiaries..... (18) 3 (15) ------ ----- ----- Earnings from continuing operations..................... 201 350 551 Loss from discontinued operations, net of taxes............. -- (10) (10) Cumulative effect of accounting change, net of taxes........ (87) (2) (89) ------ ----- ----- Net earnings............................................ $ 114 338 452 ------ ----- ----- Other comprehensive earnings (loss), net of taxes: Foreign currency translation adjustments.................. 78 -- 78 Unrealized holding gains (losses) arising during the period.................................................. (81) 983 902 Recognition of previously unrealized gains on available-for-sale securities, net...................... -- (15) (15) Other comprehensive earnings from discontinued operations.............................................. -- 1 1 ------ ----- ----- Other comprehensive earnings (loss)................... (3) 969 966 ------ ----- ----- Comprehensive earnings.............................. $ 111 1,307 1,418 ====== ===== =====

8 STATEMENT OF CASH FLOWS INFORMATION SIX MONTHS ENDED JUNE 30, 2007 (UNAUDITED)

ATTRIBUTED (NOTE 1) ---------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP LIBERTY ----------- -------- ------------ AMOUNTS IN MILLIONS Cash flows from operating activities: Net earnings.............................................. $ 193 1,185 1,378 Adjustments to reconcile net earnings to net cash provided by operating activities: Earnings from discontinued operations................... -- (149) (149) Depreciation and amortization........................... 262 61 323 Stock-based compensation................................ 22 18 40 Payments of stock-based compensation.................... (33) (2) (35) Noncash interest expense................................ 2 4 6 Share of losses (earnings) of affiliates, net........... (39) 14 (25) Realized and unrealized gains on financial instruments, net................................................... 2 (95) (93) Gains on disposition of assets, net..................... (12) (623) (635) Minority interests in earnings of subsidiaries.......... 14 5 19 Intergroup tax payments................................. (182) 182 -- Other intergroup cash transfers, net.................... (13) 13 -- Deferred income tax expense (benefit)................... (46) (201) (247) Other noncash charges (credits), net.................... (4) 17 13 Changes in operating assets and liabilities, net of the effects of acquisitions: Current assets........................................ 138 (136) 2 Payables and other current liabilities................ (79) (2) (81) ----- ------ ------ Net cash provided by operating activities........... 225 291 516 ----- ------ ------ Cash flows from investing activities: Cash proceeds from dispositions........................... 12 508 520 Net payments for settlement of financial instruments...... -- (65) (65) Cash paid for acquisitions, net of cash acquired.......... (120) (6) (126) Cash received in exchange transactions.................... -- 1,154 1,154 Capital expended for property and equipment............... (167) (12) (179) Net purchases of short term investments................... -- (191) (191) Investments in and loans to cost and equity investees..... -- (810) (810) Net increase in restricted cash........................... -- (734) (734) Other investing activities, net........................... (4) 23 19 ----- ------ ------ Net cash used by investing activities............... (279) (133) (412) ----- ------ ------ Cash flows from financing activities: Borrowings of debt........................................ 630 754 1,384 Repayments of debt........................................ (180) (156) (336) Repurchases of Liberty common stock....................... (531) (1,305) (1,836) Contribution from minority owner.......................... -- 750 750 Other financing activities, net........................... (6) 25 19 ----- ------ ------ Net cash used by financing activities............... (87) 68 (19) ----- ------ ------ Effect of foreign currency rates on cash.................... 1 -- 1 ----- ------ ------ Net cash provided to discontinued operations: Cash provided by operating activities..................... -- 8 8 Cash used by investing activities......................... -- (9) (9) Cash provided by financing activities..................... -- -- -- Change in available cash held by discontinued operations.............................................. -- 2 2 ----- ------ ------ Net cash provided by discontinued operations........ -- 1 1 ----- ------ ------ Net increase (decrease) in cash and cash equivalents....................................... (140) 227 87 Cash and cash equivalents at beginning of period.... 946 2,161 3,107 ----- ------ ------ Cash and cash equivalents at end period............. $ 806 2,388 3,194 ===== ====== ======

9 STATEMENT OF CASH FLOWS INFORMATION SIX MONTHS ENDED JUNE 30, 2006 (UNAUDITED)

ATTRIBUTED (NOTE 1) ----------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP LIBERTY ----------- --------- ------------ AMOUNTS IN MILLIONS Cash flows from operating activities: Net earnings.............................................. $ 114 338 452 Adjustments to reconcile net earnings to net cash provided by operating activities: Loss from discontinued operations....................... -- 10 10 Cumulative effect of accounting change.................. 87 2 89 Depreciation and amortization........................... 245 42 287 Stock compensation...................................... 44 7 51 Payments of stock-based compensation.................... (1) -- (1) Noncash interest expense................................ 1 52 53 Share of earnings of affiliates, net.................... (21) (8) (29) Realized and unrealized gains on financial instruments, net................................................... (17) (152) (169) Gains on disposition of assets, net..................... -- (327) (327) Minority interests in earnings (losses) of subsidiaries.......................................... 18 (3) 15 Deferred income tax expense (benefit)................... (83) 154 71 Other noncash charges (credits), net.................... (13) 31 18 Changes in operating assets and liabilities, net of the effect of acquisitions and dispositions: Current assets........................................ 89 (60) 29 Payables and other current liabilities................ (190) 135 (55) ----- ----- ----- Net cash provided by operating activities........... 273 221 494 ----- ----- ----- Cash flows from investing activities: Cash proceeds from dispositions........................... -- 920 920 Net proceeds (payments) from settlement of financial instruments............................................. -- 200 200 Cash paid for acquisitions, net of cash acquired.......... (431) (170) (601) Capital expended for property and equipment............... (99) (5) (104) Net sales of short term investments....................... 23 (28) (5) Repurchases of subsidiary common stock.................... (159) -- (159) Investments in and loans to investees..................... (2) (138) (140) Other investing activities, net........................... (9) 9 -- ----- ----- ----- Net cash provided (used) by investing activities.... (677) 788 111 ----- ----- ----- Cash flows from financing activities: Borrowings of debt........................................ 400 -- 400 Repayments of debt........................................ (4) (2) (6) Repurchases of Liberty common stock....................... (341) -- (341) Intergroup cash transfers, net............................ 236 (236) -- Other financing activities, net........................... 77 (40) 37 ----- ----- ----- Net cash provided (used) by financing activities.... 368 (278) 90 ----- ----- ----- Effect of foreign currency rates on cash.................... 16 -- 16 ----- ----- ----- Net cash provided to discontinued operations: Cash provided by operating activities..................... -- 33 33 Cash used by investing activities......................... -- (42) (42) Cash provided by financing activities..................... -- 3 3 Change in available cash held by discontinued operations.............................................. -- 2 2 ----- ----- ----- Net cash provided to discontinued operations........ -- (4) (4) ----- ----- ----- Net increase (decrease) in cash and cash equivalents....................................... (20) 727 707 Cash and cash equivalents at beginning of period.... 945 951 1,896 ----- ----- ----- Cash and cash equivalents at end of period.......... $ 925 1,678 2,603 ===== ===== =====

10 NOTES TO ATTRIBUTED FINANCIAL INFORMATION (UNAUDITED) (1) The assets attributed to our Interactive Group as of June 30, 2007 include our consolidated subsidiaries QVC, Inc., Provide Commerce, Inc., BuySeasons, Inc. and Backcountry.com, Inc., and our interests in IAC/InterActiveCorp, GSI Commerce, Inc. and Expedia, Inc. Accordingly, the accompanying attributed financial information for the Interactive Group includes our investments in IAC/InterActiveCorp, Expedia and GSI, as well as the assets, liabilities, revenue, expenses and cash flows of QVC, Provide, BuySeasons and Backcountry. We have also attributed certain of our debt obligations (and related interest expense) to the Interactive Group based upon a number of factors, including the cash flow available to the Interactive Group and its ability to pay debt service and our assessment of the optimal capitalization for the Interactive Group. The specific debt obligations attributed to each of the Interactive Group and the Capital Group are described in note 3 below. In addition, we have allocated certain corporate general and administrative expenses between the Interactive Group and the Capital Group as described in note 4 below. The Interactive Group focuses on video and on-line commerce businesses. Accordingly, we expect that businesses that we may acquire in the future that we believe are complementary to this strategy will also be attributed to the Interactive Group. The Capital Group consists of all of our businesses not included in the Interactive Group, including our consolidated subsidiaries Starz Entertainment, LLC, Starz Media, LLC, FUN Technologies, Inc., the Atlanta Braves, Leisure Arts, Inc., TruePosition, Inc. and WFRV and WJMN Television Station, Inc. and our cost and equity investments in GSN, LLC, WildBlue Communications, Inc. and others. Accordingly, the accompanying attributed financial information for the Capital Group includes these investments and the assets, liabilities, revenue, expenses and cash flows of these consolidated subsidiaries. In addition, we have attributed to the Capital Group all of our notes and debentures (and related interest expense) that have not been attributed to the Interactive Group. See note 3 below for the debt obligations attributed to the Capital Group. Any businesses that we may acquire in the future that are not attributed to the Interactive Group will be attributed to the Capital Group. While we believe the allocation methodology described above is reasonable and fair to each group, we may elect to change the allocation methodology in the future. In the event we elect to transfer assets or businesses from one group to the other, such transfer would be made on a fair value basis and would be accounted for as a short-term loan unless our board of directors determines to account for it as a long-term loan or through an inter-group interest. (2) Financial instruments attributed to the Interactive Group are comprised of QVC's interest rate swap agreements and total return bond swaps that are related to the parent company debt attributed to the Interactive Group. 11 NOTES TO ATTRIBUTED FINANCIAL INFORMATION (CONTINUED) (UNAUDITED) (3) Debt attributed to the Interactive Group and the Capital Group is comprised of the following:

JUNE 30, 2007 ---------------------- OUTSTANDING CARRYING PRINCIPAL VALUE ----------- -------- AMOUNTS IN MILLIONS Interactive Group 7.875% Senior Notes due 2009.......................... $ 670 667 7.75% Senior Notes due 2009........................... 233 234 5.7% Senior Notes due 2013............................ 802 801 8.5% Senior Debentures due 2029....................... 500 495 8.25% Senior Debentures due 2030...................... 902 895 QVC bank credit facilities............................ 3,675 3,675 Other subsidiary debt................................. 74 74 ------- ------ Total Interactive Group debt........................ 6,856 6,841 ------- ------ Capital Group 0.75% Senior Exchangeable Debentures due 2023......... 1,750 2,148 4% Senior Exchangeable Debentures due 2029............ 869 578 3.75% Senior Exchangeable Debentures due 2030......... 810 470 3.5% Senior Exchangeable Debentures due 2031.......... 503 504 3.25% Senior Exchangeable Debentures due 2031......... 551 471 Liberty bank facility................................. 750 750 Subsidiary debt....................................... 103 103 ------- ------ Total Capital Group debt............................ 5,336 5,024 ------- ------ Total debt.............................................. $12,192 11,865 ======= ======

(4) Cash compensation expense for our corporate employees has been allocated between the Interactive Group and the Capital Group based on the estimated percentage of time spent providing services for each group. Stock-based compensation expense for our corporate employees has been allocated between the Interactive Group and the Capital Group based on the compensation derived from the equity awards for the respective tracking stock. Other general and administrative expenses are charged directly to the groups whenever possible and are otherwise allocated based on estimated usage or some other reasonably determined methodology. Amounts allocated from the Capital Group to the Interactive Group for the six months ended June 30, 2007 and 2006 were $8 million and $7 million, respectively. While we believe that this allocation method is reasonable and fair to each group, we may elect to change the allocation methodology or percentages used to allocate general and administrative expenses in the future. (5) We have accounted for income taxes for the Interactive Group and the Capital Group in the accompanying attributed financial information in a manner similar to a stand-alone company basis. To the extent this methodology differs from our tax sharing policy, differences have been reflected in the attributed net assets of the groups. (6) The Liberty Interactive Stock and the Liberty Capital Stock have voting and conversion rights under our amended charter. Following is a summary of those rights. Holders of Series A common stock of each group are entitled to one vote per share and holders of Series B common stock of each group are entitled to ten votes per share. Holders of Series C common stock of each group, if 12 NOTES TO ATTRIBUTED FINANCIAL INFORMATION (CONTINUED) (UNAUDITED) issued, will be entitled to 1/100th of a vote per share in certain limited cases and will otherwise not be entitled to vote. In general, holders of Series A and Series B common stock vote as a single class. In certain limited circumstances, the board may elect to seek the approval of the holders of only Series A and Series B Liberty Interactive Stock or the approval of the holders of only Series A and Series B Liberty Capital Stock. At the option of the holder, each share of Series B common stock is convertible into one share of Series A common stock of the same group. At the discretion of our board, Liberty Interactive Stock may be converted into Liberty Capital Stock at any time following the first anniversary of the restructuring. In addition, following certain group dispositions and subject to certain limitations, Liberty Capital Stock may be converted into Liberty Interactive Stock, and Liberty Interactive Stock may be converted into Liberty Capital Stock. 13