Foreword

Verizon is affected by a wide variety of government policies that have an enormous impact on our business. We owe it to our shareowners, employees and customers to advocate public policies that will enable us to create new services for our customers and compete fairly in the marketplace. In 2022, our policy priorities will cover a range of issues, including but not limited to:

Ensuring that the federal government adopts policies that make sufficient spectrum available to the wireless industry so the U.S. can continue its global leadership position in 5G;

Maintaining federal and state tax systems that promote investment and infrastructure deployment;

Supporting federal privacy legislation that creates clear rules of the road that apply at the national level and equally to all players in the internet space;

Ensuring that federal and state policymakers adopt rules and laws that help eliminate barriers to small cell and fiber deployment and that phase out outdated regulations on legacy facilities; and

Advocating that federal, state, and local lawmakers adopt policies to address affordability, adoption and access of broadband services that would significantly narrow the digital divide and empower more Americans to thrive in the internet age.

Political contributions are one way we support the democratic electoral process and participate in the policy dialogue.Our employees have established political action committees at the federal level and in 15 states. These political action committees (PACs) allow employees to pool their resources to support candidates for office who generally support the public policies our employees advocate. Verizon also participates in trade associations that advocate on behalf of their members. This report lists all PAC contributions, corporate political contributions, support for ballot initiatives and independent expenditures made by Verizon in the first half of 2022. It also lists our Public Policy organization's significant memberships in trade associations and issue advocacy organizations and provides a link to our federal lobbying reports.Our political activity is overseen by the Corporate Governance and Policy Committee of our Board of Directors, which receives a comprehensive report and briefing on these activities at least annually.We update this voluntary disclosure twice a year and publish it on our corporate website. We believe this transparency with respect to our political spending is in keeping with our commitment to good corporate governance and a further sign of our responsiveness to the interests of our shareowners.