Paramount and Skydance Announce Anticipated Closing Date, Deadlines to Elect Merger Consideration and Change of Ticker Symbol Effective at the Closing

Core Viewpoint - Paramount Global and Skydance Media are set to finalize their transactions on August 7, 2025, pending customary closing conditions [1] Election Deadlines - The Election Deadline for Paramount stockholders of record is 5:00 p.m. on July 31, 2025 [8] - Current or former employees holding shares via the Morgan Stanley Stock Plan Account have an Election Deadline of 4:00 p.m. on July 28, 2025 [8] - Shares held through the Paramount Global 401(k) Plan also have an Election Deadline of 4:00 p.m. on July 28, 2025 [8] Trading Information - Following the closing of the Transactions, shares of Class B common stock of New Paramount are expected to begin trading on Nasdaq under the ticker symbol "PSKY" [6] - Paramount's Class B common stock (NASDAQ: PARA) and Class A common stock (NASDAQ: PARAA) will cease trading after the Transactions close [6] Communication and Assistance - Stockholders can direct questions regarding the election process to Equiniti Trust Company, LLC, or D.F. King & Co., Inc. for inquiries about the Transactions [5]