1. LLC UPDATE NANC September 20, 2000

2. UPDATE MERGER CONTRACT NEGOTIATIONS

3. MERGER August 2000 West Coast LLC votes to merge into NPAM LLC creating one national NPAC vendor oversight body Target completion date November 1, 2000 Co-Chair structure continues Joanne BalenSBC Pamela Connell AT&T

4. CONTRACT NEGOTIATION NANC notified at April 2000 meeting of discussions involving possible contract extension 18 month effort between National Negotiations Team (NNT) and NeuStar culminated with an agreement in principle Counsel crafting implementation language

5. CONTRACT NEGOTIATIONS Agreement incorporates extensive price reductions upon crossing minimum porting thresholds Agreement requires enhanced performance measurements and processes subject to periodic audits by a third party Agreement contingent upon LLC review and approval