This announcement is not an offer to purchase or a solicitation of an offer to sell Shares. The Offer is made solely
by the Offer to Purchase dated August 11, 1994 and the related Letter of Transmittal and is not being made to,
nor will tenders be accepted from or on behalf of, holders of Shares in any jurisdiction in which the making of the
Offer or acceptance thereof would not be in compliance with the laws of such jurisdiction.
NOTICE OF OFFER TO PURCHASE FOR CASH
ALL OUTSTANDING SHARES
SERIES B PREFERRED STOCK
SERIES C PREFERRED STOCK
$46 NET PER SHARE OF COMMON STOCK
$460 NET PER SHARE OF PREFERRED STOCK
QVC PROGRAMMING HOLDINGS, INC.
QVC Programming Holdings, Inc., a Delaware corporation (the "Purchaser") to be wholly owned by Comcast
Corporation, a Pennsylvania corporation ("Comcast"), and Liberty Media Corporation, a Delaware corporation
("Liberty" and, together with Comcast, the "Parent Purchasers") and a wholly-owned subsidiary of Tele-
Communications, Inc., a Delaware corporation, is offering to purchase all outstanding shares (the "Shares") of
Common Stock, $.01 par value (the "Common Stock"), and Series B Preferred Stock and Series C Preferred
Stock, each par value $.10 per share (collectively, the "Preferred Stock"), of QVC, Inc., a Delaware corporation
(the "Company"), at $46 per share of Common Stock and $460 per share of Preferred Stock, net to the seller in
cash, upon the terms and subject to the conditions set forth in the Offer to Purchase dated August 11, 1994 (the
"Offer to Purchase") and in the related Letter of Transmittal (which together constitute the "Offer").
THE OFFER AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT, NEW YORK
CITY TIME, ON THURSDAY, SEPTEMBER 8, 1994, UNLESS THE OFFER IS EXTENDED.
THE OFFER IS CONDITIONED UPON, AMONG OTHER THINGS, (I) THERE BEING VALIDLY
TENDERED AND NOT WITHDRAWN PRIOR TO THE EXPIRATION DATE (AS DEFINED IN THE
OFFER TO PURCHASE) SHARES WHICH,