More detailed information regarding our proposal is attached. I look forward to our discussions and working with you toward completing this exciting transaction for the Fox shareholders. Very truly yours, /s/ Brian L. Roberts Brian L. Roberts Chairman and CEO Comcast says its all-cash proposal will provide 21CF shareholders with certain value and immediate liquidity, and is not subject to a financing condition. It says draft merger agreement differs from the Disney agreement only to reflect the superior terms described in the letter, to adapt the agreement to reflect an all-cash transaction (including no Comcast shareholder vote) and to provide greater certainty by eliminating the need for any 21CF charter amendments. The draft is subject to review of any material non-public information relating to 21CF's proposed transaction with Disney, including with respect to Disney's regulatory undertaking and the separation of New Fox.