AT&T Announces Preliminary Results of 2011 Annual Meeting

12 Current Board Members Re-Elected for One-Year Terms

LITTLE ROCK, Ark.--(BUSINESS WIRE)-- AT&T Inc. (NYSE:T) announced today that, at the 27^th annual meeting of stockholders, 12 current board members were re-elected to the company’s board of directors for one-year terms. The board members are:

• Randall L. Stephenson
• Gilbert F. Amelio
• Reuben V. Anderson
• James H. Blanchard
• Jaime Chico Pardo
• James P. Kelly
• Jon C. Madonna
• Lynn M. Martin
• John B. McCoy
• Joyce M. Roché
• Matthew K. Rose
• Laura D’Andrea Tyson

Each board member won at least 96.7 percent of the shares voted.

AT&T stockholders voted on the following items proposed by the board of directors:

• The appointment of Ernst & Young LLP as the company’s independent auditor, which was ratified with 98.3 percent of shares cast in favor and 1.7 percent cast against.
• The 2011 Incentive Plan for AT&T managers, which replaces the 2006 Incentive Plan and which was approved with 91.2 percent of shares cast in favor and 8.8 percent cast against.
• The compensation of AT&T’s executive officers as disclosed in the 2011 proxy statement, which was approved with 94.6 percent of shares cast in favor and 5.4 percent cast against.
• The preferred frequency of future advisory votes on executive compensation, for which 56.1 percent of shares were cast for a frequency of one year. A frequency of two years received 2.0 percent of shares cast and a frequency of three years received 41.9 percent of shares cast. Following the meeting, the board adopted the one-year frequency favored by stockholders.

The following proposals from stockholders were also put to a vote at the meeting:

• A proposal asking that AT&T issue a semi-annual report disclosing political contributions and the policies and procedures for making such contributions, which was defeated by a vote of 69.0 percent against to 31.0 percent in favor.
• A proposal requesting that AT&T amend the company’s bylaws to allow holders of 10 percent of outstanding common shares to request a special stockholder meeting, which was defeated by a vote of 56.7 percent against to 43.3 percent in favor. AT&T’s bylaws currently authorize holders of 15 percent of outstanding common shares to request a special stockholder meeting.
• A proposal asking that AT&T reduce the level of approval required to allow stockholders to act by written consent was passed by a vote of 54.2 percent in favor to 45.8 percent against. The implementation of this proposal requires an amendment to AT&T’s Certificate of Incorporation. Under Delaware law, to amend the Certificate of Incorporation, the board is required to submit the amendment to stockholders for approval. This amendment will be presented to the stockholders at AT&T’s next annual meeting of stockholders.

When final voting results are available, they will be posted on the AT&T Investor Relations website.

About AT&T

AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation’s fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. A leader in mobile broadband, AT&T also offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse^® and AT&T │DIRECTV brands. The company’s suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising.

Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at www.att.com/rss. Or follow our news on Twitter at @ATT. Find us on Facebook at www.Facebook.com/ATT to discover more about our consumer and wireless services or at www.Facebook.com/ATTSmallBiz to discover more about our small business services.

© 2011 AT&T Intellectual Property. All rights reserved. Mobile broadband not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.

CONTACT:

For AT&T Corporate Communications
McCall Butler, 917-209-5792
mbutler@attnews.us

KEYWORDS:   United States  North America  Arkansas  Texas

INDUSTRY KEYWORDS:   Technology  Internet  Networks  Telecommunications  Mobile/Wireless

MEDIA:

Logo